BIS readies for live implementation of Project Nexus in Asia
Institutions from India, Malaysia, the Philippines, Singapore, and Thailand will implement the project.
News
Payments Canada concludes search for new CEO with Susan Hawkins appointment
Hawkins has served as a member of Payments Canada’s board since 2020.
Bank of Ireland seeks to fill 100 technology roles to support new digital projects
The bank is seeking to expand its workforce in cybersecurity, delivery management, data, engineering and resilience.
Chime acquires employee rewards start-up Salt Labs
Salt Labs’ CEO Jason Lee will take charge of the neobank’s new Chime Enterprise division.
Revolut announces record $545m profit for 2023
Revolut’s revenue surged by 95% over the year, from $1.1 billion in 2022 to $2.2 billion in 2023.
US FDIC issues consent order to Thread Bank
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
Demystify Podcast: Demystifying international payments with Eddie Harrison of Navro
In this podcast episode, Dave and Dharm chat with Eddie Harrison, co-founder and CPO of Navro.
CTBC Bank goes live with Avaloq core in Hong Kong and Singapore after three-year implementation
The bank first selected Avaloq to power its private banking businesses in Singapore and Hong Kong in 2021.
TeamSystem acquires 61% majority stake in Italian SME credit mediator Change Capital
The acquisition will expand TeamSystem’s remit with over 200 financial solutions for credit and subsidised finance.
US fintech start-up Rainforest lands $20m Series A led by Matrix Partners
Rainforest says it provides embedded payment processing tech “purpose-built for software platforms”.
Tribe Payments promotes CSO Andrew Hocking to CEO position
Before his promotion, Hocking served as Tribe’s chief security officer for one year.
Kuwait’s central bank approves launch of new WAMD instant payments system
The system is facilitated by the K-Net national payment gateway under the supervision of the Central Bank of Kuwait.
BlackRock to acquire private markets data provider Preqin for $3.2bn
The deal will see Preqin’s data and research tools merge with BlackRock’s portfolio management platform Aladdin.
US start-up Arrow emerges from stealth aiming to streamline healthcare payments
To support its launch, Arrow raised $110 million in a Series A round in May 2022.
FinTech Founders Video: Key strategies for communicating fintech value propositions
Four fintech founders share their key tips to ensure the success of your tech presentations.
UK challenger Atom Bank hires Gareth Jones as new chief risk officer
Jones is to replace Chris Sparks, who is set to retire after nine years at the company.
Video: FinovateSpring 2024 – what’s hot and what’s not in fintech
We ask three industry professionals what’s hot and what’s not in the fintech sector this year.
Canadian credit union Vancity lays off 7% of workforce
The cuts, actioned by president and CEO Wellington Holbrook, have resulted in the loss of almost 200 positions.
US start-up Payabli raises $20m in Series A funding round led by QED Investors
The payments infrastructure firm will use the new funds to fuel product development and customer acquisition.
Celebrating excellence in the payments industry: PayTech Awards 2024 winners announced
Take a look at all the winners and highly commended from this year’s PayTech Awards ceremony!
Video: Amdocs at Money20/20 Europe – Bridging fintech’s personalisation divide
Amdocs’ Bentzium Aviv discusses how emerging technologies are powering the pursuit of personalisation.
FinTech Futures: Top five news stories of the week – 28 June 2024
Our pick of the top fintech news stories this week includes Klarna, iBusiness Funding, Norm Ai, Nubank and more.
Video: Code and capital – AI as a co-pilot in financial services
Sarah Hinkfuss of Bain Capital Ventures discusses the growing number of use cases for AI in financial services.
June 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in June.
ECB publishes progress update on digital euro preparation phase
Privacy, offline functionality and possession caps are the key focus points of the progress report.
June 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories during June.
Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree serves the Canadian alternative mortgage sector through the broker network.
Raiffeisen Bank International opts for Surecomp’s collaborative trade finance platform
The Austrian bank will utilise RIVO to digitise its processes for guarantees and letters of credit.
June 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from June.
Climate X completes $18m Series A led by Google Ventures
The UK-based start-up will use the funds to bolster its new commercial team in New York.
ICYMI fintech funding round-up: Ximple, Hero, Curve, Chift and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Video: Fintech insights – the evolving embedded finance and BaaS landscape
Financial services professionals discuss what’s next for embedded finance and BaaS.
Washington’s Industrial Credit Union selects Mahalo Banking to enhance digital banking experience
The partnership seeks to “deliver an optimised member-centric experience”.
FinTech Founders Video: Mastering audience appeal – crafting tailored fintech demos
Four fintech founders share their tips on how to tailor tech presentations to resonate with different audiences.
Brazil’s Nubank buys AI-powered data intelligence start-up Hyperplane
Nubank plans to harness Hyperplane’s AI expertise to enhance its core machine learning capabilities.
Frost Bank in Texas taps Finzly for instant payments
The San Antonio-based bank has deployed the vendor’s single API instant payments platform.
Angel investor Anne de Kerckhove joins UK’s Moneyhub as board chair
De Kerckhove is to succeed Rael Gordon as Moneyhub chair.
Video: Fintech insights – reimagining the customer experience
Steven Ramirez, CEO at Beyond The Arc, discusses the future of customer experience in financial services.
June 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories during June.
UK fintech Pozitive Payments names Alex Daly as new CFO
Daly will oversee Pozitive Payments’ finance team, including reconciliation and settlement functions.
