US fintech GeoWealth bags $18m investment led by BlackRock
Existing investors Kayne Anderson Growth Capital and JP Morgan Asset Management also contributed to the funding.
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July 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in July.
Mississippi’s Renasant Corporation to buy The First Bancshares in $1.2bn all-stock deal
The merger will create a six-state Southeastern banking franchise with around $25 billion in assets.
NatWest to acquire £2.5bn in prime UK residential mortgages from Metro Bank
Metro Bank is also set to withdraw credit cards from its product range.
July 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in July.
Bank of Lithuania appoints “temporary representative” to oversee activities of payments fintech Kevin
The central bank alleges that the fintech is “almost four months late” in submitting its audited annual accounts.
July 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 in July.
Coinbase’s CB Payments unit fined £3.5m by FCA
The FCA claims CBPL breached a requirement that prevented it from offering services to “high-risk customers”.
Stripe buys US paytech start-up Lemon Squeezy
Lemon Squeezy has been processing payments on Stripe since its launch in 2021.
German wealthtech Bunch lands $15.5m Series A
Bunch has now secured a total of $22 million in funding to date.
July 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
Alt.bank in Brazil migrates novücard credit card infrastructure to Visa’s Pismo
Alt.bank now plans to launch “several new product features” for the credit card.
WesBanco snaps up Ohio’s Premier Financial in $959m all-stock deal
WesBanco is raising $200 million in capital commitments by early August to support the merger.
Egypt’s MNT-Halan expands into Turkey with acquisition of Tam Finans
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
Wealthify names former Azimo chief Richard Ambrose as new CEO as Andy Russell steps down
Russell is moving onto “the next phase of his career” having served as Wealthify’s CEO for over four years.
UK’s CMA says Lloyds Bank, TSB, AIB and HSBC breached Retail Banking Order
The CMA will continue to monitor the compliance of the four banks.
UK embedded finance provider Weavr lands EMI licence in Malta
Weavr aims to leverage the licence to deliver “the most comprehensive domiciled IBAN offering in Europe”.
July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
July 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
FinTech Futures: Top five news stories of the week – 26 July 2024
Our pick of the top fintech news stories this week includes Revolut, UniCredit, Modulr and more.
Corlytics hires new CTO, chief data officer and chief tech architect
Former AQMetrics exec Steve Barnes has been named as the group’s new chief technology officer.
Kosovo’s Cash Plus selects Profile Software’s Finuevo Suite for loan process management
Profile says Cash Plus was able to go live with its cloud-based solution in “an extremely short time period”.
Fortis buys NetSuite payments division of MerchantE
Fortis says it has a “robust pipeline of feature enhancements” prepared for the division.
Acrisure names NYSE vice chairman John Tuttle as new president
Tuttle has spent the last 17 years in leadership roles at the NYSE and its parent, Intercontinental Exchange.
UK challenger Zopa taps ClearScore’s D•One for open banking-powered credit assessments
Zopa will utilise D•One’s tech for “open banking connectivity and transaction categorisation intelligence”.
Financial transactions database TigerBeetle raises $24m Series A funding
TigerBeetle plans to invest in engineering as it looks to double the size of its team by the end of the year.
Simona Covaliu appointed new CRO of PayU GPO
Covaliu will lead PayU GPO’s security, compliance, privacy and risk units.
Revolut secures UK banking licence with restrictions, enters mobilisation stage
Revolut has been in pursuit of a UK banking licence since 2021, when it first lodged its application with the PRA.
Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital
In 2023, the alternative lender financed over €27 million in small business loans.
Morgan Stanley buys stake in UK business payments start-up Sokin
Sokin says the deal will “accelerate its product growth plans and further global expansion”.
New wealthtech start-up Waltz launches US real estate investment platform
The start-up enables foreign investors to invest in and purchase US residential real estate.
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
HSBC first introduced FinConnect in Singapore through its partnership with SGFinDex in late 2020.
Video: Allica Bank at Money20/20 Europe – Compliance and the profit paradigm
Allica Bank’s Mitch Trehan discusses the key drivers behind the bank’s latest revenue growth.
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Fourteen banks and building societies are set to implement the new cash access system.
Social trading app Shares set to exit UK market
Shares plans to close its UK app on 30 August as it looks to “focus on the French and EU markets”.
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
The deal includes the entire share capital of both companies and is expected to close in Q4 2024.
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
The bank will utilise Network International’s platform for debit, credit and prepaid card hosting and processing.
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Zafin’s tech will provide a “consistent view of product, billing and invoicing information across all channels”.
Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO
Bollinger succeeds interim CEO Nic Dreckmann, who has held the position since February this year.
