US fintech Talus Pay acquires Jobox and Clarus Merchant Services
Financial terms of both the acquisitions were not disclosed.
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Security Bank of Kansas City selects NCR Atleos to manage ATMs
The agreement will see the bank adopt its partner’s ATM-as-a-Service and ITM-as-a-Service offerings.
ICYMI fintech funding round-up: Fimple, Money Industries and Koree
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 5 January 2024
Here’s our pick of five of the top news stories from the world of finance and tech this week, featuring HSBC, Monese, Circle and more.
Kinecta Federal Credit Union taps FusionIQ for digital wealth platform
The credit union has adopted the FusionIQ One platform to power its ascent into digital investing services.
Rappi to discontinue RappiCuenta offering in Mexico next month
Users in Mexico have been asked to withdraw all funds before the closing date of 11 February 2024.
Capital on Tap triggers leadership reshuffle
Co-founder David Luck will assume the role of executive chairman, while CPO Damian Brychcy takes on the role of CEO.
Digital ID verification firm Socure bolsters executive team with three new hires
Arun Kumar has joined from Luma Financial Technologies as the company’s new CTO.
Form3 strengthens board with appointment of Anil Arora as non-executive director
Form3 hopes to leverage Arora’s “significant experience” in founding and scaling up fintech companies.
UK fintech Bumper raises $48m in Series B funding round
The round, led by Autotech Ventures, takes Bumper’s total funding to date to $64 million.
Blue Federal Credit Union partners Cotribute for digital account opening platform
Cotribute says it was able to launch digital account opening for new and existing members “in just 30 days”.
Former Starling Bank exec Helen Bierton to lead everyday banking for Lloyds
Bierton is to head the group’s everyday banking services across all of its divisions.
Circle secures conditional DASP registration in France, appoints new country head
Circle has appointed Coralie Billmann as head of French operations, subject to regulatory approval.
Kazakhstani fintech Solva eyes future as SME-focused bank following $20m investment
The investment was backed by the Sawiris family of the Egyptian Orascom Group and ZCP.
Blackstone set to acquire majority stake in Japan’s Sony Payment Services
Sony Bank will roll over a certain portion of its equity and continue to remain a minority investor in SPSV.
US paytech Kindcard eyes up OpenTransact acquisition
New York-based OpenTransact is a self-serve banking platform built to support high-risk businesses.
Monese aims to secure fresh funding after recording £30.5m annual loss for 2022
Monese says its services could be “adversely and potentially severely affected” if new funding isn’t found.
HSBC reportedly enters race to buy Tesco’s banking business
Sky News first reported Tesco Bank’s interest in exploring a sale in February last year.
JP Morgan and Viva Wallet reportedly collide over board appointments
JP Morgan acquired a 48.5% stake in Viva Wallet in December 2022 for $800 million.
HSBC unveils new international payments app Zing in the UK
Zing is a multi-currency app and debit card that UK residents will be able to use in more than 200 countries.
Banking veteran Mary Usategui set to launch new venture BankMiami this year
Scheduled to arrive in Q2 2024, it will be the first de novo bank to be established in South Florida in 15 years.
Oshkosh Community Credit Union taps Sharetec for core processing solution
Wisconsin-based OCCU says the decision follows “an extensive search” for a new core partner.
HSBC completes sale of French retail banking business to CCF
Following the completion of the deal, My Money Group has renamed itself as CCF Group.
Saudi fintech start-up Tameed raises $15m Series A
The firm says it will use the funding to “meet the increasing demand” for its digital lending products.
OakNorth names Lord Adair Turner as new chairman
The bank plans to leverage Turner’s “extensive track record in financial services” to boost its growth plans.
UK fintech Cushon appoints Ellen Louw as new chief financial officer
Louw’s previous experience includes holding senior finance roles at WorldRemit and American Express.
Cartoon: Feeling the weight
A new cartoon illustrating how start-ups with previously high valuations are finding it hard to get acquired.
2023: Top five payments stories of the year
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
2023: A year of fintech job cuts
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
2023: Top five movers and shakers
FinTech Futures recaps the year’s top movers and shakers.
US fintech Vestwell secures $125m in Series D funding round
CEO and founder Aaron Schumm says the raise is “one of the largest Series D SaaS rounds in the US this year”.
FinTech Founders Video: revolutionising finance with AI
In this episode of the FinTech Founders series, we explore how AI is driving innovation in financial services.
FinTech Futures: Top five stories of the week – 22 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Fiat Republic, Hakbah, Payble and Spare
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BNPL fintech Tabby lands $700m debt facility from JP Morgan
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
Beem Credit Union appoints Sue Britton as chief innovation officer
Beem Credit Union will launch on 1 January in Canada with the merger of Gulf & Fraser and Interior Savings.
Hinckley & Rugby Building Society appoints Barry Carter as new CEO
Carter, who has served as COO at the building society since July 2022, will replace outgoing CEO Colin Fyfe.
Video: Inside generative AI – the fintech revolution
At our AI Insights event, we spoke with Jonathan Hall of NatWest about the impact of GenAI in banking.
UK neolender Updraft secures £272m in mix of debt and equity funding
The start-up previously raised £108 million in debt and equity funding last December.
Dutch neobank Bunq launches self-built GenAI platform for customers
Dubbed Finn, the platform allows users to ask advanced questions or seek advice about their finances.
