Corlytics acquires regulatory lifecycle platform ING SparQ in €5m deal
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
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Kueski names ex-Stripe exec Fausto Ibarra as chief product officer
Ibarra brings over 20 years of experience, most recently serving as Stripe’s head of product for Latin America.
The BaaS Association names first CEO, Bill Briggs
Founded last year, the association says it represents over 80% of current BaaS sponsor banks in the US.
CMA warns HSBC over breaches of retail banking order
The CMA’s letter says that HSBC “self-reported” the breaches following a review of its compliance.
Australian banking tech provider Sandstone appoints CTO
Anthony McKew has over 35 years of experience within banking and retail technology.
Open letter calls on UK government to boost SME credit access
The letter has been co-signed by Codat, Atom Bank, Funding Circle, Iwoca, Allica Bank, SPRK Capital and others.
Freedom Finance names Richard Parfitt head of data science
Parfitt will be tasked with leading Freedom Finance’s data products initiative.
Several major US banks reportedly team up on new digital wallet project
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
FCA greenlights Nova Credit to provide credit references for new arrivals
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
OBIE names Marion King as new chair and trustee
King will succeed Charlotte Crosswell, the current chair and trustee, who will step down on 31 January.
US fintech nCino appoints Greg Orenstein as new CFO
Orenstein joined nCino in 2015 and most recently served as chief corporate development and strategy officer.
United Heritage Credit Union taps NCR for ATM-as-a-Service solution
The credit union will have access to the full suite of ATM capabilities offered by NCR’s ATMaaS solution.
Wealthtech start-up Equipped appoints Edward Green as CEO
Equipped is a UK-based provider of analytics solutions for alternative asset management firms.
New digital bank greenpenny opts for Jack Henry’s tech
Greenpenny is a start-up bank in the US focused on sustainable energy and powered by Decorah Bank & Trust.
Regtech start-up GSS raises £37m
Global Screening Services (GSS) has raised funds from AlixPartners, The Cynosure Group, and MUFG.
Paytech start-up Link lands $20m Series A funding
The money will be used to fuel the company’s growth following the launch of its flagship LinkPay product.
Capital One lays off 1,100 tech staff
Impacted employees have reportedly been invited to apply for other positions at the firm.
US crypto lender Genesis files for Chapter 11 bankruptcy protection
The firm is restructuring its lending business to reach “the best solution for clients and other stakeholders”.
ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Capital markets fintech PrimaryBid names Fiona Richards as COO
Fiona Richards joins PrimaryBid from Rowan Dartington, the discretionary investment arm of St. James’s Place.
FNZ acquires wealthtech start-up YieldX
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
Swedish fintech start-up Anyfin lands €30m Series C funding
The cash will be used to strengthen its product suite in existing markets and boost its growth across Europe.
Cartoon: Sandwich making
A new cartoon illustrating the consolidation and M&A process that the fintech market is starting in earnest.
US fintechs Core10 and Union Credit secure funding
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
Aussie start-ups Alii and Bloom raise funds
Alii and Bloom Impact Investing, two start-ups based in Brisbane, have reported cash injections.
UK fintech investment & funding round-up: Alveo, Detected, & London House Exchange
A handy round-up of UK fintechs that are the latest lucky recipients of funding.
FinTech Futures: Top five stories of the week – 20 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Oracle Flexcube core banking system gains new takers
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.
US DoJ charges crypto exchange founder over alleged illicit fund transfers
The DoJ alleges Bitzlato processed more than $700m in illicit funds.
Belgium’s oldest private bank Nagelmackers in digital revamp with Objectway
Nagelmackers is implementing Objectway’s platform for its advisory, discretionary, and execution-only offering.
Data automation platform Xceptor names Michiel Verhoeven as new CEO
Verhoeven, currently managing director of SAP UK and Ireland, will assume the role on 3 April 2023.
India’s PhonePe lands $350m from General Atlantic at $12bn valuation
PhonePe expects to raise a total of $1 billion in funding, with other firms set to invest next month.
US fintech Arcus Partners appoints new CTO, Saurabh Bhole
Bhole will be tasked with leading the further development of the company’s Finity360 product suite.
SEC charges Genesis, Gemini over alleged sale of unregistered securities
The SEC alleges that the Gemini Earn program “constitutes an offer and sale of securities under applicable law”.
Payoneer names former Webster Bank exec Bea Ordonez as next CFO
Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.
Abacus Group snaps up cybersecurity firms Gotham Security and GoVanguard
The new business will be a subsidiary of Abacus Group but will continue to operate independently.
LendingClub to cut 225 jobs as interest rate rises impact loan demand
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
The Nottingham names Gareth Hagger-Johnson as its first director of data strategy
Hagger-Johnson will be tasked with developing a new data and insights framework for the firm.
Indian government set to spend $320m to boost adoption of digital payments
The government hopes its plan will facilitate the development of “a robust digital payment ecosystem”.
New paytech Enza launches in Africa
Enza aims to provide payment solutions to firms that want to enable customers to accept or make digital payments.
