FinTech Futures: Top five stories of the week – 26 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Tap Global aims to reach £4.2 million of revenue by mid-2024.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Jean Souto moves from Feedzai, where he led the fintech’s global partnerships for a year.
With the funding, Nymbus plans to expand and advance its core banking system, and diversify its product portfolio.
With the funding, Kiwi plans to introduce new products and reach more customers across US and Latin America.
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Phase one of the implementation project at Rammis Bank was completed in 30 days.
Boden will remain on the board as a non-execu director, with COO John Mountain taking over as interim CEO.
He will replace Bridget Rosewell when she steps down in September this year.
Pipe makes new hires across technology, innovation, product, risk, and operations.
Fifth Third says embedded payments are “a core component” of its treasury management business.
The round was led by Avenir, with participation from existing investor Anthos Capital.
The funding will be used to accelerate the adoption of OpenFin’s software across the financial services industry.
The final day of Daylight’s banking operations will be 30 June.
This year’s FinovateSpring conference has put digital transformation and innovation at the top of the agenda.
Aviva will migrate its entire portfolio of 300,000 accounts, equating to £13bn of assets, onto Phoebus’ system.
The hires will come from Poland, Ukraine and other parts of Central and Eastern Europe.
Paydock claims its platform “substantially” reduces costs, risks and efforts in a merchant’s payment experience.
Julie Ashmore moves to Muse Finance from NatWest Rapid Cash where she was CEO.
B4B Payments to showcase innovative payment solutions at Money20/20 Europe on 6-8 June.
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
Australia aims to introduce the final BNPL bill in the parliament by the end of 2023.
XYB is available in the UK and Europe, with plans to also launch in North America and Asia Pacific.
AI Markets “has been built from the ground up with user experience in mind”, HSBC says.
Resolute is a due diligence provider focused on single family rental (SFR) and residential transition loans (RTL).
Anna Bjurefeldt joins Trustly as head of internal audit and Mia Bjurkell as director of risk and compliance.
Oliver Hanmer joins as head of supervision and compliance monitoring, completing the PSR exec team hires.
The round takes the Restaurant365 valuation to over $1 billion.
The sale is the sixth block sale of shares since it rescued the bank during the financial crisis of 2008.
With the latest funding, PhonePe has raised a total of $850 million in the current round.
Wise will start the search for its next CFO immediately.
Through the partnership, Sonata will provide customers with ways to save and plan for future financial needs.
The feature will be available for customers with a US bank account.
The challenger has raised more than $20 million in its initial round of funding.
A total of 16 firms have been chosen from across the financial, payments and technology sectors to take part.
With the partnership, the bank aims to retain existing client deposits and attract new retail bank customers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Launching end of 2023, the new digital bank aims to support the adoption of digital assets worldwide.
The PRA reportedly intended to issue a warning notice to Revolut over its balance sheet.