Allica Bank and ClearBank team up to boost banking for UK SMEs
ClearBank provides Allica with client money accounts and access to UK payment schemes.
News
Amplifi Capital raises £50m from M&G to boost the UK credit union sector
Amplifi Capital is the company behind UK financial services brands My Community Finance and Reevo Money.
Challenger bank paybox selects core banking system from Avaloq
Austrian digital bank paybox plans to expand across Germany and Southeast Europe.
Video: Coastal Community Bank at FinovateSpring 2023 – Banking in the metaverse
We chat with Coastal Community Bank’s Barb MacLean about the future of the metaverse in financial services.
Cross-border payments start-up Keeta launches with $17m funding
Among Keeta’s investors is ex-CEO of Google, Eric Schmidt.
New as-a-service paytech for PSPs launches in the UK, Shape
Shape Technologies offers Payments-Platform-as-a-Service (PPaaS) to PSPs worldwide.
UK payments start-up PayFuture secures EMI licence from FCA
PayFuture aims to help businesses connect with local payment options in emerging markets.
Stripe acquires engineering analytics start-up Okay
Okay provides analytics and reporting software designed to help engineering teams streamline workflows.
New banking app Charlie aims to cater to retirees in the US
The start-up, which was founded in 2021 and launched nationwide last month, has raised a total of $7.5 million.
Wise Platform inks first Japan deal with GMO Aozora Net Bank
The bank said it received a “high volume” of requests for a fast and inexpensive overseas remittance service.
Banking Technology Magazine June 2023 issue out now
Cover story: BRAINIAC – Generative AI and banking
BNP Paribas and NatWest go live on United Fintech’s CobaltFX
CobaltFX was acquired by United Fintech in late 2022 and subsequently relaunched earlier this year.
PayTech Awards USA 2023 extended deadline
Nominations for the awards are open until 16 June 2023.
Bank and payment data fintech Ribbit acquires regtech ValidiFI
Ribbit CEO Greg Rable says bringing together the two companies is a “win-win” for both customers and Ribbit.
Target Group names Peter O’Connor as new CEO
O’Connor joined the firm last year as chief operating officer after several years at Capita.
Financial wellness fintech Elifinty launches in UK
The “socially conscious” platform will leverage AI and open data to help people manage their debt.
Payments platform Dwolla names Lawrence Herman as CFO
Herman joins Dwolla from Accrete, an AI machine learning company, where he was CFO.
Demystify Podcast: Demystifying BaaS in the Middle East with Andrew Sims, nDigital
The importance of fintech for GCC countries as they pursue aggressive economic strategies.
PayNearMe lands $45m in Series D funding
With the new funds, PayNearMe plans to to accelerate its growth and develop its payments platform further.
ICYMI funding round-up: Credit Genie, EdfaPay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Congratulations to the Banking Tech Awards USA 2023 winners!
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
FinTech Futures: Top five stories of the week – 2 June 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Cross River Bank partners paymints.io for real estate transaction platform
Buyers, sellers, agents and escrow holders, can now move money “swiftly” and access expanded payment options.
Fabrick raises €40m in funding, extends deal with Mastercard
The funding round saw Mastercard and other investors taking up a minority stake in Fabrick’s shareholding.
Mambu CEO and co-founder Eugene Danilkis steps down
Mambu’s chief technology officer (CTO), Fernando Zandona, will be taking over as interim CEO.
Business BNPL start-up Vartana raises $20m Series B
The funding will support the expansion of Vartana’s team and enhance its product offerings.
Mexican fintech Stori secures $50m debt capital from CIM
For Stori, it is the second debt facility from CIM, following a $75m debt facility in November 2021.
Swiss fintech Teylor lands €275m debt funding
With the funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs.
Platinum Federal Credit Union taps Jack Henry for Symitar platform
The Symitar platform will allow PFCU to offer business payment services including ACH and wire transfers.
Meniga appoints Dheeraj Soni as its new CEO
Soni joins from mobile payments platform TPAY Mobile, where he served as chief operating officer (COO).
Banque Richelieu Monaco picks ERI’s Olympic Banking System
The project will be delivered as a Software-as-a-Service (SaaS), ERI says.
Crypto fintech Oobit names Phillip Lord as president
Lord will be tasked with forging partnerships, business development and executing marketing strategies.
Paytech titan Diebold Nixdorf set to file for Chapter 11 bankruptcy protection
The Ohio-based firm says the restructuring support agreement is expected to “significantly” reduce debt.
Irish payments start-up NomuPay lands $53.6m in funding
NomuPay plans to scale in its core markets and further invest in product development.
German mobile tax app Taxfix cuts 120 jobs in restructuring effort
The cuts amount to around 20% of the start-up’s total workforce, according to TechCrunch.
Regnology in talks to acquire French regtech Invoke
The deal will mark the fifth acquisition by Regnology in less than a year.
Become a judge for PayTech Awards USA 2023
Apply to become a judge for the PayTech Awards USA 2023 today!
Transaction Systems names Martin Löffler as global CEO
Löffler succeeds Andrey Sokurenko, who will now focus on software innovation and R&D.
Ant Group enables Alipay+ mobile wallet integrations in Thailand
The mobile wallets include Alipay HK (Hong Kong SAR), Kakao Pay (South Korea), and Touch ‘n Go eWallet (Malaysia).
CaixaBank launches new app to turn Android devices into POS terminals
The solution is compatible with Visa and Mastercard and offers the same level of security as a traditional POS.
