UAE’s Mashreq Bank appoints Tushar Vikram as new India head
Vikram previously served as Citibank India’s head of commercial banking for over nine years.
News
Bain Capital reportedly closing in on deal to acquire Envestnet
The potential deal could be announced as early as this week, according to a report by Reuters.
TymeBank promotes former Retail Capital chief Karl Westvig to CEO
Westvig first joined TymeBank in 2023 through its acquisition of Retail Capital.
First Federal Bank of Kansas selects Jack Henry for core processing solution
FFBKC aims to leverage Jack Henry’s tech to extend its services to SMBs.
Islamic finance start-up Ethos taps Thought Machine for core banking tech
The start-up will leverage the partnership to launch deposit accounts and home purchase plan mortgage services.
Spanish wealthtech Allfunds names two new senior executives
Paola Rengifo and Miguel Ángel Treceño are the latest additions to Allfunds’ leadership team.
NatWest enables bank-verified digital identities for Nordic structured finance business in partnership with OneID
NatWest will apply OneID’s bank-verified digital identity solution to its structured finance business in the Nordics.
Visa and Mastercard to extend inter-regional interchange fee caps in the EEA until 2029
The payments giants originally agreed to the caps to settle an EU antitrust investigation in 2019.
Banque de France partners HKMA to explore interoperability between wholesale CBDC infrastructures
The exploratory study will focus on “real-time cross-border and cross-currency payments”.
Thailand’s SCB taps Sunline for core banking upgrade
SCB says the partnership will enhance its financial transaction processing performance for deposits and loans.
Netevia secures up to $120m in debt financing from WhiteHorse Capital
The fintech plans to use the funds to “complete key acquisitions” and “rollout new products”.
ABA head says Australia’s CDR regime “isn’t delivering for customers or enhancing competition”
ABA CEO Anna Bligh says the CDR initiative has “not realised its potential”.
Andrews Federal Credit Union taps Blend for deposit account opening solution
The solution includes counteroffer and funding capabilities, automated IDV, and banker-to-member engagement tools.
Kompasbank secures €175m guarantee from EIF to “take on riskier lending segments” in Denmark
The three guarantees contained in the deal are supported by the EU’s InvestEU programme.
Stephen Bowe named Paymentology’s new chief product officer
Rowe brings more than 15 years of experience in the banking and payments sector to the role.
ICYMI fintech funding round-up: Bling, CreditLogic, FreeBnk and Currensea
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Video: Endava at Money20/20 Europe – The evolution of B2B payments
Endava’s Scott Harkey highlights the latest technological advancements that are revolutionising B2B payments.
FinTech Futures: Top five news stories of the week – 5 July 2024
Our pick of the top fintech news stories this week includes Revolut, BlackRock, Project Nexus and more.
Paxos secures Singapore MPI licence and DBS Bank partnership for stablecoin issuance
Singapore becomes the third market worldwide where Paxos is licenced to issue stablecoins.
Germany’s Mitgo Group to inject $20m into its new fintech division Capy
The $20 million “investment package” is to be spread over the “coming 3 years”.
Fintel snaps up Threesixty from Abrdn in £14.6m deal
Threesixty will remain an independent business, maintaining its own offerings and pricing in the market.
Join us as a judge for PayTech Awards USA 2024!
The prestigious PayTech Awards USA 2024 has a limited number of seats on the judging panel available.
Save now, buy later start-up Compound to launch in MENA in Q4
Compound enables users to earn rewards when saving up for purchases.
FinTech Founders Video: Lessons from Finovate – shaping your fintech showcase approach
Four fintech founders share their key advice for companies looking to showcase their products at conferences.
Barclays sells German consumer finance business to Austria’s BAWAG to refocus on “key businesses”
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
SaaS start-up Summit launches spend management platform
Summit claims it can cut the accounts payable processing time by up to 75%.
Video: Highlights from the PayTech Awards 2024
Watch the highlights from an incredible afternoon celebrating the best and brightest in payments technology.
German fintech Vivid Money buys Pile’s treasury solution
Vivid Money is looking to expand its Vivid Business offering for SMEs launched at the start of the year.
Thailand’s Ascend Money lands $195m investment led by MUFG
Ascend Money became Thailand’s first fintech unicorn back in 2021.
Dutch payments firm MultiSafepay acquired by Ant International
Ant International will integrate the company with its payments and digitisation solutions unit Antom.
Dutch insurer Nationale-Nederlanden to launch digital payment accounts in 2025
The insurer says it’s currently “in the preparation phase” of launching the new offering for retail customers.
Leadership change at Phoebus Software as long-standing exec Paul Hunt steps down
Chief revenue officer Adam Oldfield has been promoted to the managing director role.
Erin Platts named new Octopus Ventures CEO, steps down from HSBC Innovation Banking UK
Platts most recently acted as CEO at HSBC Innovation Banking UK.
Innovation Federal Credit Union names Jason Cinq-Mars as new CIO
Cinq-Mars will oversee the credit union’s information, technology and security functions.
DASH Technology Group bags $20m investment from Bailador Technology Investments
DASH is looking to use some of the funds to increase its headcount by 20.
EPI launches digital wallet solution Wero in Germany
Customers of DSVG and DZ Bank in Germany will be among the first Wero users.
Silvergate to pay $63m in penalties to settle with US regulators
Silvergate announced it was winding down crypto-focused Silvergate Bank in March 2023.
Video: ING at Money20/20 Europe – Riding the second wave of AI transformation
Bahadir Yilmaz, chief analytics officer at ING, discusses how the Dutch banking giant is executing its AI strategy.
Last chance to register for Banking Tech Insights on 11 July in London
Join us on 11 July for an exclusive half-day event around building a modern tech stack at financial institutions.
Germany’s Taxfix Group secures UK market entry with TaxScouts acquisition
Launched in 2018, the TaxScouts platform connects self assessment tax filers with a network of accredited accountants.
