Visa to buy AI-powered fraud detection firm Featurespace
Visa says it expects to close the transaction in FY 2025.
News
September 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 September.
PayMate nears $400m acquisition of DigiAsia’s FaaS business
PayMate plans to list on the National Stock Exchange of India following the purchase.
UK fintech Apron secures $30m in Zinal Growth-led Series B
This round builds on Apron’s $15 million Series A secured in September 2023.
September 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in September.
India’s Cashfree Payments hires Nitin Pulyani as new head of product
The Bengaluru-based paytech is looking to expand its presence in India and the UAE.
Chetwood Financial’s co-founder and CEO Andy Mielczarek to step down
Former JN Bank CEO Paul Noble has been unveiled as Mielczarek’s successor.
September 2024: Top five new launches of the month
FinTech Futures takes a look back at five of the top new product launches in September.
Scienaptic AI co-founder steps down to launch new venture, Algebrik AI
Algebrik AI, a new loan origination system, will commence deployments in Spring 2025.
Nexi Group lands €220m financing from the EIB
The loan is the first to be granted by the EIB to a publicly listed company in the digital payments sector.
Banking Tech Insights: Limitless Banking – 14 November 2024, London
Save the date for Thursday 14 November 2024 for an exclusive half-day networking event in London.
September 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.
Solaris to “discontinue major parts” of EMI business
Solaris says the move “regrettably will bring redundancies across the EMI team”.
New UK lender Interbridge Mortgages taps Mambu for retail mortgages solution
Founded last year and headquartered in Cardiff, Interbridge Mortgages is a second charge mortgage lender.
Rimes hires Gus Macfarlane as new chief operating officer
Macfarlane joins Rimes from Barclays, where he spent over six years in various managing director roles.
US Department of Justice files civil antitrust lawsuit against Visa
The DOJ alleges that Visa “illegally maintains a monopoly over debit network markets”.
Bank of America to open 165 new branches by end of 2026
Since starting its financial centre expansion drive in 2014, BofA has invested over $5 billion in the initiative.
Wealthtech start-up for women Propelle launches in the UK
Propelle has secured over £1.2 million in pre-seed funding to date.
Uday Bola joins Target Group as new head of solution design
Before joining Target, Bola was a lending transformation consultant at Penrith Building Society.
Egypt’s Commercial International Bank names Tony Prestedge as executive board advisor
CIB Egypt has also announced a new CEO and non-executive chair of the board.
Aussie debt collection fintech InDebted bags $41m Series C
The funding round values InDebted at approximately $240 million.
Fibabanka debuts first BaaS platform in Türkiye with GetirFinans
GetirFinans will offer a range of banking services powered by Fibabanka’s digital infrastructure.
Tuum names former Vocalink head David Yates as new chairman
Yates currently serves as chairman of Nium and vice chairman at Equiniti.
Anadolubank Nederland pens five-year deal with Worldline for cloud-based instant payments solution
Worldline’s solution will ensure the bank’s compliance with new EU instant payments regulations.
Payments infrastructure start-up Kevin reportedly declared insolvent by court in Lithuania
Regional news outlet 15min reports that the court has now opened up a bankruptcy case.
BNP Paribas to acquire HSBC’s private banking division in Germany
BNP Paribas anticipates the deal will boost its AUM to €40 billion.
SME app Countingup hires ClearScore’s Dan Elias as head of product
Countingup has also hired a new head of compliance and head of marketing.
India’s M2P Fintech reportedly on track to secure $80m funding round
Helios Investment Partners is reportedly set to contribute $50 million to the round.
Former Capital One VP Fouzi Husaini joins Marqeta as chief AI officer
Before joining Marqeta, Husaini was VP of machine learning at Capital One and led tech teams at Amazon.
OneAZ Credit Union to deploy Backbase’s Engagement Banking platform
OneAZ operates 20 branches across Arizona and claims to manage over $3.4 billion in assets.
Five Star Bank to begin “orderly wind down” of BaaS offerings
Five Star Bank is looking to prioritise the growth of its core community banking franchise.
US transportation paytech AtoB raises $130m in equity and debt funding
The Series C round was co-led by General Catalyst and Bloomberg Beta with support from Mastercard.
Demystify Podcast: Demystifying the business use cases of AI and quantum computing with Sergio Gago of Moody’s
In this two-episode special, hosts Dave and Dharm chat with Sergio Gago, MD of AI and Quantum at Moody’s.
BIS’ Project Agorá to commence design phase with private sector participants confirmed
The project’s participants include Standard Chartered, Lloyds, Mastercard, Euroclear and BNP Paribas.
TD Bank Group president and CEO Bharat Masrani to retire next year
The group’s current head of Canadian personal banking, Raymond Chun, will succeed Masrani as CEO.
UK wealth manager Quilter buys NuWealth to boost first-time investor support
Quilter will work to integrate NuWealth’s capabilities into its advisory business.
ICYMI fintech funding round-up: Loop, Primary, Sitewire, Savr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 20 September 2024
Our pick of the top fintech news stories this week includes JP Morgan, CSI, Revolut and more.
NeoXam set to acquire data control and automation platform EZOPS
The proposed deal would expand NeoXam’s reach in the US, Asia and throughout Europe.
UK credit card start-up Yonder secures £23.4m in fresh funding
Yonder is planning to expand its operations beyond its domestic market of the UK.
