Tuum names former Vocalink head David Yates as new chairman
Yates currently serves as chairman of Nium and vice chairman at Equiniti.
News
Anadolubank Nederland pens five-year deal with Worldline for cloud-based instant payments solution
Worldline’s solution will ensure the bank’s compliance with new EU instant payments regulations.
Payments infrastructure start-up Kevin reportedly declared insolvent by court in Lithuania
Regional news outlet 15min reports that the court has now opened up a bankruptcy case.
BNP Paribas to acquire HSBC’s private banking division in Germany
BNP Paribas anticipates the deal will boost its AUM to €40 billion.
SME app Countingup hires ClearScore’s Dan Elias as head of product
Countingup has also hired a new head of compliance and head of marketing.
India’s M2P Fintech reportedly on track to secure $80m funding round
Helios Investment Partners is reportedly set to contribute $50 million to the round.
Former Capital One VP Fouzi Husaini joins Marqeta as chief AI officer
Before joining Marqeta, Husaini was VP of machine learning at Capital One and led tech teams at Amazon.
OneAZ Credit Union to deploy Backbase’s Engagement Banking platform
OneAZ operates 20 branches across Arizona and claims to manage over $3.4 billion in assets.
Five Star Bank to begin “orderly wind down” of BaaS offerings
Five Star Bank is looking to prioritise the growth of its core community banking franchise.
US transportation paytech AtoB raises $130m in equity and debt funding
The Series C round was co-led by General Catalyst and Bloomberg Beta with support from Mastercard.
Demystify Podcast: Demystifying the business use cases of AI and quantum computing with Sergio Gago of Moody’s
In this two-episode special, hosts Dave and Dharm chat with Sergio Gago, MD of AI and Quantum at Moody’s.
BIS’ Project Agorá to commence design phase with private sector participants confirmed
The project’s participants include Standard Chartered, Lloyds, Mastercard, Euroclear and BNP Paribas.
TD Bank Group president and CEO Bharat Masrani to retire next year
The group’s current head of Canadian personal banking, Raymond Chun, will succeed Masrani as CEO.
UK wealth manager Quilter buys NuWealth to boost first-time investor support
Quilter will work to integrate NuWealth’s capabilities into its advisory business.
ICYMI fintech funding round-up: Loop, Primary, Sitewire, Savr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 20 September 2024
Our pick of the top fintech news stories this week includes JP Morgan, CSI, Revolut and more.
NeoXam set to acquire data control and automation platform EZOPS
The proposed deal would expand NeoXam’s reach in the US, Asia and throughout Europe.
UK credit card start-up Yonder secures £23.4m in fresh funding
Yonder is planning to expand its operations beyond its domestic market of the UK.
Ex-TSB chief Paul Pester joins UK wealthtech start-up Firenze as chair
Launched in January, Firenze seeks to democratise access to Lombard lending.
Consumers Credit Union selects Lumin’s digital banking platform ahead of proposed Rockford Bell merger
CCU says it required a digital platform that could “support its increasing number of members and their unique needs”.
US fintech software provider CSI acquires Velocity Solutions
CSI says Velocity “complements” its previous purchase of Hawthorn River last December.
HSBC digital chief Ashief Danga leaves for AXA Health
Danga has served as HSBC’s head of digital for global markets since 2016.
US fintech Orb raises $25m Series B funding to support billing platform growth
Founded in 2021, Orb has now raised $44.1 million in total funding to date.
Old Second National Bank selects Newgen Software’s digital account opening solution
The solution will enable Old Second to streamline digital onboarding for retail and business banking customers.
What the FinTech? | S.5 Episode 16 | The future of Web3 technology in financial services
In this podcast episode, we chat with author and financial services executive Rita Martins.
Citigroup to sell trust administration services business to JTC in deal reportedly worth $80m
Citi Trust claims $70 billion in AUA across more than 2,000 UHNW clients.
Metro Bank partners Infosys to boost digital transformation with AI
The UK bank is also reportedly set to cut around 300 roles as part of cost-cutting efforts.
JP Morgan reportedly in talks to replace Goldman Sachs as Apple’s credit card partner
The Wall Street Journal reports that talks between JP Morgan and Apple commenced at the beginning of this year.
Brazil’s Parabank partners Dock to launch inclusive card programme for people with disabilities
The São Paulo-based challenger has adopted Dock’s private-label card processing platform.
Axoni sells Veris post-trade processing business to LSEG
Launched in 2020, Veris operates as a distributed ledger network for equity swaps.
Mangopay hires Sergi Herrero as new CEO as Romain Mazeries steps down
Herrero previously served as global director for payments and commerce partnerships at Meta.
Florida’s EverBank inks $261m deal to acquire Sterling Bank
The acquisition is expected to close in Q1 2025.
UK regtech Novatus Global lands new $40m growth investment for US expansion
The investment builds upon the £4 million the regtech secured from Maven Capital Partners in 2022.
Zambian fintech Lupiya partners Network International for debit card programme
The fintech is leveraging Network’s “comprehensive suite of card payment processing solutions”.
Swedish neobank Northmill hires Julie Chatterjee as new group CEO
Chatterjee takes the reins from Tord Topsholm, who stepped down from the position in February.
Indian wealthtech start-up Centricity secures $20m in seed funding round
The round now values Centricity, founded in 2022, at $125 million.
Dutch neobank Bunq aims to increase headcount by 70% before end of 2024
Bunq will seek to hire over 730 people over the next three months.
Revolut reportedly applies for EMI licence with UAE central bank
Bloomberg reports that Revolut’s ambition is to eventually apply for a full banking licence in the UAE.
PayFi network Huma Finance raises $38m for on-chain expansion
The San Francisco-based start-up plans to expand its PayFi network on Solana and Stellar.
FinTech Futures: Top five news stories of the week – 13 September 2024
Our pick of the top fintech news stories this week includes UniCredit, Westpac, Mastercard and more.
