Lunar set for full-scale launch in Sweden following €24.1m capital raise
The latest capital raise builds on a previous €26.8 million funding round closed in February.
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Finastra selects OpenFin to enhance Kondor treasury management solution
OpenFin’s workspace software will “redefine the user experience” of Kondor, Finastra says.
Bank of Spain grants Amadeus’ Outpayce EMI licence
The fintech can now to accept funds, issue pre-paid debit cards and facilitate money transfers in Spain.
FloQast hires nCino exec Josh Glover as president and CRO
Glover has served as CRO of nCino since 2019, and became its president in 2021.
Banking Circle appoints Johan Bergqvist as new group CFO
The appointment marks the third time Bergqvist has performed the duties of group CFO.
PPRO names Bronwyn Boyle as new chief information security officer
Boyle has previously held leadership roles at Mambu, IBM, Barclays, and Lloyds Banking Group.
Franklin Templeton partners Microsoft to build “advanced financial AI platform”
The firm will leverage Microsoft’s Azure AI services, including its AI Search and AI Document Intelligence functions.
Barclays reportedly leading the race to take over GM credit card programme from Goldman Sachs
Barclays was a bidder for the programme back in 2020 before Capital One eventually sold it to Goldman.
UMB Financial Corporation acquires Heartland Financial in $2bn deal
The firms expect the deal to be finalised in the first quarter of 2025.
Pierre-Yves Guegan named as new COO of CCF Group in France
Guegan’s two decades of industry experience extends to UniCredit, RN Bank and BNP Paribas.
Iowa’s Affinity Credit Union taps Mahalo Banking to enhance digital banking offerings
The credit union is also converting its core system to Corelation Keystone.
Digital lending platform Blend Labs bags $150m funding from Haveli Investments
Blend will use the cash to repay “all amounts payable” under its existing credit agreement.
Vatic AI hires former Mastercard exec Dilip Krishnan as CEO and president
Krishnan will also serve as a member of Vatic AI’s board of directors and will remain situated in Singapore.
Delta Capita buys Client On-Boarding solution from LSEG
LSEG is to continue using the solution as a client of Delta Capita.
Denmark’s Ageras raises €82m earmarked for new acquisitions
The latest round takes Ageras’ total funding to date to nearly €200 million.
Inclusive instant payment system Higala launches in the Philippines
The new system is powered by the open-source payment platform Mojaloop.
HSBC CEO Noel Quinn to step down after five years in the role
Quinn says he will retire “after an intense five years” leading the global bank.
State Bank of India deploys HCLSoftware tech to digitise customer communication
SBI – the largest bank in India – is to utilise the HCLTech subsidiary’s HCL Unica platform.
Renasant Corporation promotes president and COO Kevin Chapman to CEO
Kevin Chapman will succeed Renasant’s incumbent CEO Mitchell Waycaster in May 2025.
Piraeus Bank and Natech prepare to launch neobank Snappi in Greece
The partners previously announced the development of the independent neobank in April 2022.
UK online SME lender Capify bags £100m credit facility
The new facility from Pollen Street Capital will support the lender’s future growth plans.
Solid Financial Technologies reportedly settles dispute with FTV Capital
Solid will reportedly buy back FTV’s stake in the start-up in full, according to Fintech Business Weekly.
Republic First Bank closed and sold to Fulton Bank by US regulators
Fulton Bank will “assume substantially all of the deposits and purchase substantially all of the assets” of the bank.
EPAA forms working group with IBM, HSBC, AP+, and PayPal to explore quantum-safe cryptography
The WG-QSC intends to publish its initial findings ahead of Sibos in October 2024.
British Business Bank names top civil servant Kristen McLeod CBE as new chief strategy officer
McLeod will oversee the bank’s policy, strategy, and economics teams.
Paystand buys Teampay to enhance B2B payments platform with corporate spend management
Partially financed by Stifel Venture Banking, the deal marks Paystand’s second acquisition in two years.
Stripe to go live with USDC stablecoin payments this summer
The service will enable customers to transact USDC stablecoins via Solana, Ethereum and Polygon.
Traydstream hires Microsoft’s Stephan Hufnagl as new CTO
Hufnagl boasts over 20 years of cloud architecture, business strategy and engineering experience.
Newbury Building Society taps Sopra Banking Software to launch new app
The deal marks the first deployment of SBS’s mobile app solution in the UK market.
ICYMI fintech funding round-up: Fintoc, Bokra, RockFi, Bump and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Al Etihad Payments partners Core42 to launch open finance across the UAE
The UAE central bank says it will be ready to offer open banking to “the majority of customers” this year.
FinTech Futures: Top five news stories of the week – 26 April 2024
Our pick of the top fintech news stories this week includes Monese, Temenos, Synapse and more.
Enigmatic Smile buys Fidel API’s loyalty business
The sale, for an undisclosed sum, includes all assets associated with Fidel’s loyalty business.
India’s RBI orders Kotak Mahindra Bank to cease onboarding new customers digitally
The bank will continue to provide services to its existing customers.
Revolut aims to boost global workforce to 11,500 by end of 2024
The UK challenger claims its staff headcount already surpassed 10,000 during the first quarter of the year.
Encompass Corporation promotes VP Stuart Barnard to CFO
Barnard is to take “ultimate responsibility” for the UK regtech’s global finance and business operations.
Canadian SaaS fintech Zafin announces strategic leadership transition
Zafin CEO Al Karim Somji will hand the reins over to former IBM Canada exec Charbel Safadi.
Former Tesla exec Tim Newell to spin off Aspiration’s consumer financial services division
The new standalone company will act as an independent neobank offering environmentally sustainable products.
UK paytech myPOS names Mario Shiliashki as new CEO
Shiliashki has previously held leadership roles at industry giants including PayPal and Mastercard.
BML Istisharat gains new core banking system clients in Saudi Arabia and Lebanon
Bank of Jordan, Corporate Private Investment and MedSecurities Investment implement the ICBS core banking platform.
