LendInvest extends JP Morgan debt financing agreement to £1.5bn
LendInvest now claims £4.55 billion in funds under management.
News
Enfuce to launch dual-function E2 card in UK, France and Germany with Mastercard
E2 combines both debit and credit primary account numbers into one card.
Demystify Podcast: Demystifying the use of GenAI for customer propositions with Uday Akkaraju of Bond.AI
Uday Akkaraju demystifies the use of AI to bridge the gap between consumers and financial institutions.
Form3 bags $60m Series C extension with new investor British Patient Capital
Form3 previously closed a $160 million Series C in 2021 and received an investment from Visa in 2023.
Mansfield Building Society in core banking tech overhaul with TCS
Mansfield has selected the vendor’s TCS Bancs and Digital Home Lending solutions.
Vision Bank launches digital banking app in Saudi Arabia
The Vision Bank app is currently available to customers on an invite-only basis.
Ignacio Juliá leaves ING to become Santander Spain CEO
Juliá succeeds the position from Ángel Rivera, who will leave Santander at the end of 2024.
Financial management software provider to SMEs, Finally, raises $50m equity and $150m debt
Florida-based Finally plans to expand its AI-powered business payments platform across the US.
Mortgage tech firm Twenty7tec plots UK expansion and acquisitions with £16.5m BGF investment
BGF has appointed Angela Williams and Duncan Wade to the Twenty7tec board.
Ireland-based paytech CleverCards hires former Edenred exec Ray Brash as COO
Ireland-based paytech CleverCards enables corporates to pay their consumers, employees, and vendors with virtual cards.
The Bank of London bags £42m funding round after reportedly being hit with HMRC winding-up petition
HMRC issues winding-up petitions when a company can’t pay its debts.
Fneek launches in France to “formalise friendly loans”
Founded by CEO Chaker Boughanbouz, the start-up is now seeking seed funding.
Judo Bank migrates lending business to Thought Machine’s Vault Core
The migration to the cloud-based core banking platform has been underway since last year.
Nationwide Building Society taps Red Hat for new Business Integration Platform
Nationwide is preparing to migrate critical production workloads to the cloud within the next year.
LLM-powered compliance platform Sedric AI secures $18.5m Series A
Amex Ventures joined the round as a new investor.
Switzerland’s Zürcher Kantonalbank deploys new digital asset platform with Avaloq and Fireblocks
ZKB clients will now be able to trade, manage and store both traditional and digital assets.
FinTech Futures: Top five news stories of the week – 6 September 2024
Our pick of the top fintech news stories this week includes Mastercard, Paylocity, Tarabut and more.
ICYMI fintech funding round-up: Helicap, Cercli, 3forge and Palm
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Alternative investment platform CAIS hires Kan Kotecha as CTO
Kotecha will lead the CAIS engineering team in “building a unified operating system”.
Ghana’s Fido raises $30 million in debt and equity to extend AI-powered lending services across Africa
The fintech will use the funding to expand its reach and product offering.
Visa prepares for 2025 launch of Visa A2A in UK
Visa A2A features a formal dispute resolution process and easier-to-manage payment permissions.
Home equity fintech Unlock bags $30m Series B funding
The start-up has also secured a $250 million capital commitment from D2 to support its origination growth.
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
The bank will implement its new partner’s ClearTrade technology from this month.
Swiss fintech Yapeal unveils new CEO alongside fresh capital boost
Eidel succeeds Yapeal co-founder Thomas Hilgendorff, who is now transitioning to CCO.
What the FinTech? | S.5 Episode 15 | FedNow one year on – the growth of RTP in the US
In this podcast episode, we chat with Anu Somani, Head of Global Payables and Embedded Payments at US Bank.
Paylocity to acquire spend management platform Airbase for $325m
The deal is expected to close “in the first or second quarter of fiscal 2025”.
Saldo Bank taps Enfuce to launch its first payment card programme
Enfuce will deliver “over 60,000” Visa credit and debit cards for the programme.
Natixis sells private credit business MV Credit to Clearlake Capital
Upon completion of the deal, Clearlake Capital’s credit business will have over $28 billion in AUM.
MidWestOne Bank taps Temenos for digital onboarding solution
The Temenos Digital Onboarding solution has been deployed by the bank as SaaS on AWS.
E-book: The promise and peril of the AI revolution – managing risk
Download this free e-book to gain further insights into building a resilient AI security programme.
Axway completes €330m acquisition of Sopra Banking Software
SBS CEO Eric Bierry has been named as the new deputy CEO of Axway.
EU financial services analytics maturity report
Explore how EU financial services can balance analytics innovation with customer privacy in this free report.
Anthony Watson steps down from role as CEO of The Bank of London
The company’s current chief risk and compliance officer Stephen Bell has been named as its new CEO.
PayPal Ventures leads $15m Series A for Brazilian fintech Ume
The Sao Paulo-based credit platform has also secured a $20 million debt financing facility.
Tarabut buys A2A payments platform Vyne
Tarabut says the move will enable it to bring “A2A payment capabilities to the Middle East”.
Dubai-based paytech Ziina raises $22m Series A ahead of ZiiCard launch
Ziina plans to expand its workforce with “additional hires from global tech giants and fintech innovators”.
Cartoon: Power
This cartoon illustrates the growing electrical cost that is going to be needed to power up our brave new world.
BankDhofar partners Entrust to deploy Tap to Pay services in Oman
BankDhofar claims it is “one of the first banks” to launch Tap to Pay in Oman.
Danish family-focused fintech start-up MyMonii closes down
The Copenhagen-based fintech has now been acquired by undisclosed “new owners”.
BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Following the acquisition, Tweeq will continue to operate as an independent entity.
