US commercial bank Truist acquires tech firm Zaloni’s Arena platform
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
The new platform leverages R3’s Corda DLT software.
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
PassFort says the solution will enable “seamless” onboarding for business customers.
The Swiss banking group has announced a flurry of new appointments.
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
MVB Financial is aiming to grow its government guaranteed lending business.
The FCA is “proactively monitoring the market to ensure expectations are met”.
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
Gravity’s new CEO thanked Price for “his time forming and leading” the company.
Jar claims to have racked up 10 million users since its launch last year.
The deal values Covalto at $547 million and will see the firm listed on the Nasdaq exchange.
The bank will support the creation of more than 100,000 jobs and 20,000 new homes.
The Filipino firm will implement the Avaloq Core Platform.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Swyftx says 74 employees will be laid off as the firm grapples with global economic uncertainty.
eToro says the acquisition is a “key step” as it looks to diversify its offering to US users.
The start-up bank in Iraq has opted for core banking tech supplier ICS Financial Systems (ICSFS).
BOQ, Virgin Money and ME Bank will eventually transition to Temenos’ cloud-based core software.
Sanders will drive OpenFin’s digital transformation efforts for end-users across its ecosystem.
Pomelo’s investors include celebrities The Chainsmokers and The Weeknd.
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UMe members will be able to access Bankjoy’s digital banking platform, including mobile and online banking.
Perenna intends to offer long-term fixed rate mortgages in the near future.
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
The transaction is expected to close in H2 2022 subject to regulatory approvals.
Mandali will be responsible for scaling and developing the firm’s platform and products.
Founded in 2019, OKEO provides payment services and IBAN accounts for businesses in Europe.
The results are from a survey carried out between July 2021 and June 2022 by market research firm Ipsos.
Arc will use the funding to accelerate its growth and expand the availability of its treasury and software products.
The Caribbean bank has gone live on Temenos Banking Cloud.
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
Dhar will lead the strategy, integration and development of M&T’s digital platforms.
Nebeus will be able to issue branded virtual and physical cards across the UK and Europe.
NetGuardians uses behavioural analytics, artificial intelligence (AI) and machine learning (ML) to detect fraud.
Focused Labs builds custom software products and integrations, including core payments infrastructure.
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
The firm brings together financial specialists with more than 200 years of collective experience.
Defero’s CEO will join Axo’s group management team following the transaction.