FinTech Futures: Top five stories of the week – 20 October 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The announcement follows the completion of the digital euro’s “investigation phase”, which began in 2021.
The service seeks to bridge the gap between cash and the e-commerce market.
With the new facility, Uncapped aims to expand its reach and provide more digital businesses with access to financing.
Airwallex says the deal is an important part of its broader growth strategy in the Americas.
Through the partnership, Generali Investments Holding will utilise Fenergo’s client lifecycle management solution.
Hart joins Plaid from Expedia where he served for more than 13 years, most recently as CFO.
The new platform aims to provide those over the age of 50 with access to competitive savings rates.
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
Temenos has been gaining a foothold in Vietnam, with 24 other Vietnamese banks now running on the firm’s platform.
Aurionpro says the deal “significantly accelerates” its ambitions to take its lending solutions into new markets.
The deployment forms part of the bank’s core banking replacement project ‘Cosmos’.
Rachel Fairhurst joins as VP of credit risk and client success and Jakub Piotrowski as VP of product.
The company currently counts more than 1,000 businesses as clients, including nine of the top ten banks in the USA.
The round was led by Ten Coves Capital and brings Procurify’s total equity funding to more than $70m to date.
The round was led by Canapi Ventures and builds upon the company’s $50m Series B from 2020.
As BigPay expands in Southeast Asia, the firm says it needed a partner with “deep understanding of the region”.
With the new facility, Iwoca plans to meet the “growing demand” among SMEs for working capital.
The bank intends to migrate at least half of its business operations to the cloud by 2024.
Aani enables transactions to be processed “instantly and securely” at any given time.
Brown is due to depart the Michigan-based online bank on 31 January 2024.
Fiserv says the credit union chose its DNA core banking system due to its “modern technology and open APIs”.
The bank first began working with Temenos six years ago, when it adopted its T24 core banking system.
It is the twelfth time Truist Community Development Enterprises has received an allocation.
The bank has been running on iMAL since 2010.
The Treasury is welcoming feedback on its latest proposals until 1 December 2023.
The company has now raised more than $500 million since its inception in 2015.
The in-store tablets are backed by Fujitsu’s customer engagement solution Chordship.
The deal is thought to complement Block’s 2021 acquisition of Jay Z’s music streaming service Tidal.
The start-up offered a multi-user financial account where consumers could pool their money and make payments.
Fintech founders reflect on the past year and ponder how to move forwards.
The proposals will be introduced to the Australian parliament this year.
Gupta joins Arival Bank from US-based consumer fintech company Eco, where he served as head of compliance.
As part of the strategic partnership, SBI Group has also made a $15 million investment in Alpaca.
NMI provides payment gateway and processing solutions to businesses looking to diversify their payment methods.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
In this brief video, fintech founders share their learnings on how to attract funding.
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
CPO Mike Walters will take over as CEO, with COO Eimear O’Connor stepping in as CPO.