Credit Union 1 migrates core to Jack Henry’s Symitar platform
Jack Henry says its open banking infrastructure was the decisive factor for CU1 to migrate its core.
Jack Henry says its open banking infrastructure was the decisive factor for CU1 to migrate its core.
Zaripov initially departed the platform in October 2018, after a 15-month tenure as managing director.
Crypto.com says it now plans to roll out a suite of e-money products customised for the UK market.
The watchdog says more than 5,000 of Intesa Sanpaolo’s own customers sought its intervention.
Plum intends to grow its presence in Greece as well as the surrounding region.
The aim of the strategy is to “develop pan-European solutions for payments at the point of interaction”.
Cook previously served as chief innovation officer at Valley National Bank for 11 months.
Founded in 2022 by Idriss Al Rifai, Flow48 provides revenue-based financing to SMEs.
Through an “easy-to-understand” app, Kaldi hopes to encourage people to start saving and investing earlier.
The round was led by Australian bank Westpac and cloud-based financial services platform nCino.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
SoFi’s cryptocurrency services will formally end on 19 December.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The round includes strategic investments as well as participation from existing investors.
The bank is due to cut around 800 jobs as it looks to save up to £50 million per year in costs.
Stanton previously spent the best part of two decades in senior roles at Mastercard.
Aldermore joins 18 regulated UK banks and 22 non-bank lenders and EMIs which run on Mambu.
The new facility brings its total lending capacity to date to £900 million.
The deal also includes Mexican brokerage house Vifaru Casa de Bolsa, which Flink agreed to purchase in 2022.
The San Francisco-based firm has launched with $9m in equity funding and $30m in debt financing.
Apple has reportedly proposed ending its partnership with Goldman Sachs within the next 12 to 15 months.
Watch our highlights video from the FinTech Futures AI Insights event on 22 November.
HSBC executives Vinay Mendonca and Shehan Silva have been appointed as CEO and COO of the new JV, respectively.
The BaaS model will enable Egypt’s non-bank firms to integrate banking services into their product lines.
The US banking giant is aiming to boost its presence and service offerings in the UAE.
ASR first acquired the brand in July this year after buying up Aegon’s domestic operations in the Netherlands.
The industry will also make an AUD 100 million investment towards a new confirmation of payee solution.
The £925 million rescue deal also grants Spaldy Investments a 52.88% ownership stake.
A longstanding company executive, Zengel has worked with Jack Henry for the last 24 years.
Worldline had previously been operating under the FCA’s Temporary Permission Regime, which will end on 30 December.
Simone Joyce will remain as chair through 2024 and will hand over her post to another board member sometime next year.
Loans are anticipated to range from $6.6 million to $19.8 million.
The fine relates to alleged AML failings over a period between 2021 and 2022.
According to sources, over the next six to seven months, PhonePe plans to launch multiple consumer credit products.
Forsberg is expected to form and execute a strategy for Froda’s loan products and embedded finance operations.
The exit sets Berkshire Hathaway up for a loss of around 40% on its investment.
The ECB says residential and commercial real estate markets face “downside surprises” due to inflation.
Reuters reports that the bank’s managers are looking to increase profitability and are reviewing proposals.
The app will debut in Cameroon, Senegal, Mali, Burkina Faso and Botswana.
Based in the ADGM, UAE, Alpheya will build a wealthtech platform for the MENA region, with plans to launch in 2024.