Mastercard to realign organisational structure with three new divisions
Mastercard’s three new units are Core Payments, Commercial and New Payment Flows, and Services.
Financial Services/Finserv
Video: Symend at Fintech Meetup 2024 – Putting an end to “zombie engagement”
Symend’s Hanif Joshaghani discusses how firms can enhance their digital communication with customers.
Empower Finance strikes deal to buy Petal with Cashalo acquisition completed
The deal for Petal is expected to close later this quarter for an undisclosed sum.
What you’re really embedding when you embed financial products
An embedded world is a world where trust is essential and needs to be constantly renewed.
Santander to launch Openbank in the US this year
Openbank is currently live in Spain, Germany, the Netherlands, Portugal and Argentina.
US start-up Parafin lands $125m warehouse facility from SVB and Trinity Capital
Parafin previously raised $60 million in a Series B funding round led by Singapore’s GIC in 2022.
Video: How SOLO is scaling trust by replacing self-reporting
We chat with Georgina Merhom of SOLO to find out how the start-up commoditises first-party data.
Demystify Podcast: Breaking the mould in banking technology with SaaScada
In this podcast episode, Dharmesh and Dave explore the evolving core banking market with SaaScada.
Revolut to launch operations in Mexico with new banking licence
The UK-based challenger will make its Mexican debut with money transfer services.
Opus CEO Praveen TM on driving AI transformation in banking and payments
Praveen TM, CEO of Opus Technologies: “Innovation is the only way to survive in this competitive market.”
HSBC to sell Argentinian banking arm to Grupo Financiero Galicia for $550m
The deal is expected to be finalised within the next 12 months.
Tradeweb to acquire wealthtech ICD in $785m deal
The all-cash deal is expected to close in the second half of 2024.
Fintech funding shows signs of stalling in latest CB Insights report
The $7.3 billion raised this quarter marks the lowest figure recorded since the pandemic began in 2020.
Video: Matera at Fintech Meetup 2024 – Core banking modernisation and instant payments
Matera’s Brad Goad discusses how banks need to modernise their core tech to keep up with instant payment innovations.
ICYMI fintech funding round-up: Zeepay, Coadjute, Hello Alice, CertifID and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Is your head in the cloud when it comes to core banking?
Being cloud native and supporting multi-tenancy are key considerations when looking at a new core banking solution.
TD Bank inks multi-year strategic partnership with Google Cloud
TD hopes the partnership will help streamline the development and deployment of new products and services.
BIS unveils Project Agorá to explore the tokenisation of cross-border payments
Project Agorá will see seven central banks work in partnership with several private sector participants.
State of play: core banking
Investment in core banking technology will continue to be the utmost priority for the industry.
Can’t touch this
Touchpoints with customers are not a good thing. Stop counting them. Stop wanting them.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
What the FinTech? | S.5 Episode 5 | Blockchain, CBDCs and programmable payments
In this episode of the podcast, we’re joined by Gilbert Verdian, CEO of Quant.
Former Goldman Sachs director Swati Bhatia joins Santander Bank as head of retail banking and transformation
Bhatia counts the likes of Stripe, PayPal and Capital One among her previous employers.
FinTech Founders Video: guiding growth with coaching, mentoring and sponsoring initiatives
Three industry experts highlight the importance of coaching, mentoring and sponsoring initiatives in fintech.
US-based NWSB taps Apiture to upgrade digital banking capabilities
The community bank will implement Apiture’s Digital Banking Platform offering alongside a number of other solutions.
Nuvei snapped up by Advent International in $6.3bn deal
The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
Human connection in the age of AI
Even in the age of an AI arms race, we can still reclaim what is uniquely human: our empathy.
US wealthtech NewRetirement lands $20m in Series A funding
NewRetirement says it will use the funds to scale its enterprise financial planning product.
Is a phone charging cable the new bank card?
Have smartphones completely replaced the need for physical bank cards?
GFT Technologies promotes Marco Santos to group CEO
Santos will replace current group CEO Marika Lulay, who is due to leave the company at the end of the year.
Missouri’s Central Bank taps Personetics for AI-powered money management solution
The bank is looking to expand its digital financial wellness offerings for its retail customers.
US merchants reach landmark settlement with Visa and Mastercard to lower swipe fees
The settlement will see credit interchange rates lowered and capped for the next five years.
ieDigital, Connect FSS and Abaka to integrate under single identity with Rami Cassis named new CEO
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
If Mary has three apples…
Always measure opportunity cost. What are you not doing while you are doing what you are doing?
Demystify Podcast: Fintech partnerships with Sam Everington of Engine by Starling and Carlton Hopper of GFT
In this podcast episode, Dharmesh and Dave explore the partnership between Engine by Starling and GFT.
How hackathons can help redefine your ESG communications and product strategy
Hackathons focused on ESG challenges are a fun way for fintechs to use their tech prowess for the greater good.
US investment management platform FundGuard bags $100m Series C funding
Founded in 2018, this latest capital injection takes its total funding to $155 million to date.
Robinhood co-founder Baiju Bhatt departs to “pursue other entrepreneurial interests”
Bhatt will step down as chief creative officer but will remain on Robinhood’s board of directors.
US fintech Coast secures $92m in mix of equity and debt capital to fuel product development
The funding round consists of $25 million in equity capital and $67 million in committed debt capital.
ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
