ANZ and Worldline launch new payment service in Australia
Worldline holds a 51% stake in the new entity, with ANZ holding the remaining 49%.
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State Bank of Pakistan searches for new CTO
Pakistan’s central bank is looking for a new chief technology officer (CTO).
Norway’s Signicat boosts management team with several new appointments
Signicat CEO says: “We now look forward to the next phase of our international expansion.”
Bank of Italy bans N26 from “undertaking operations with new customers” over AML shortcomings
N26 says it takes money laundering “very seriously” and has been scaling up its global AML efforts since last year.
UK savings app Moneybox lands £35m Series D
The investment brings Moneybox’s total funding raised to date to £95 million.
Apple reportedly looking to build its own payments and lending infrastructure
Plans reportedly include bringing services such as payment processing and risk assessments for lending in-house.
Cartoon: Free solo
A new cartoon illustrating the difference in expectations between a start-up entrepreneur and a VC firm.
White paper: Inter-bank privacy enhanced information sharing – fraud detection and prevention
The use of privacy-enhancing technologies that enable banks to share customer account and device information.
Money transfer app Azimo acquired by payroll and payments firm Papaya Global
The acquisition follows Papaya Global’s $250 million Series D funding round last September.
Blockchain.com valued at $14bn following Series D funding round
The round was led by Lightspeed Venture Partners with participation from Baillie Gifford.
Al Rajhi Bank Jordan in front-to-back office tech overhaul with ICSFS
Al Rajhi Bank Jordan selected ICS Banks from ICS Financial Systems following an international tender.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
Cross River lands $620m investment to fuel expansion
The round was led by Eldridge and Andreessen Horowitz.
RBC set to acquire UK wealth management firm Brewin Dolphin in £1.6bn deal
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
UK credit card start-up Yonder exits stealth, raises £20m
Yonder is designed for the five million-strong ‘credit invisible’ market underserved by current credit providers.
UK Infrastructure Bank embarks on system selection
UKIB, a new government-owned bank, is looking for a core banking system and has issued a tender.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
New German fintech SaveStrike aims to help millennials invest and save
The upcoming SaveStrike app is designed to make spending, saving and investing more straightforward.
US fintech Mosaic secures $25m Series B funding
The Mosaic platform was launched in 2019 and is designed to ‘reboot’ financial planning and analysis.
Australian fintech start-up Yondr Money goes crowdfunding to boost growth
The Aussie challenger bank is looking to raise up to $1.5 million through crowdfunding.
Modern Treasury lands $50m in Series C extension
The extension brings the company’s total Series C funding to $135 million.
Apollo Fintech taps ThetaRay for Sonar AML monitoring tech
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
ICYMI fintech funding round-up: Archie, Dapio, Finary, Jia Finance, & Zimpler
Our weekly fintech round-up for you to get the latest funding news from around the world.
White paper: State of customer experience in financial services
Insight on the shifts driving the CX priorities and practical information on how best to address them.
White paper: Next-level digital transformation in banks
How to transform the customer banking experience to compete in today’s always-on digital economy.
India’s Pine Labs raises $50m from Vitruvian Partners to drive growth
The raise comes hot on the heels of a $150 million investment in February from Alpha Wave Global.
Charity donation app Toucan acquires fellow start-up DonatePal
DonatePal co-founder Zishan Sheikh will also join Toucan as a board advisor.
Swiss fintech start-up Yokoy raises $80m in Series B funding round
Yokoy has now raised more than $107 million in total capital to date.
Goldman Sachs snaps up retirement robo-advisor NextCapital
The transaction is expected to be completed in the second half of 2022.
Mobile payments firm PM Connect appoints new CEO and CTO
Kevin Dawson has joined as the new group CEO with Sanjay Mistry joining as CTO in June.
Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
Waafi Bank gears up for launch with Oracle FS tech
Oracle’s partner JMR Infotech worked on the implementation at Waafi Bank.
Vitruvian partners German fintech start-up Moonfare, invests $35m
The funding from Vitruvian brings Moonfare’s total capital raised to date to $220 million.
UAE’s Mashreq Bank launches paytech subsidiary Neopay
The new wholly-owned subsidiary will consolidate all of Mashreq’s existing payment systems into a single platform.
Medius snaps up US-based invoice payments specialist OnPay
The deal will see Medius open a new corporate office in Q2 2022 in Jacksonville, Florida.
Digital banking solutions provider Alkami buys data insight fintech Segmint for $135.5m
Alkami intends to integrate Segmint’s machine learning tech with its digital banking capabilities.
Aussie paytech Zepto secures $19m Series A raise
The Series A round was led by Airtree Ventures and Decade Partners.
Oracle FS gains first core banking client in Tunisia, UBCI
Union Bancaire pour le Commerce et l’Industrie (UBCI) will implement the Flexcube core banking system.
Lunar set to acquire Norwegian digital bank Instabank for €132m
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
