FinTech Futures: Top five stories of the week – 12 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Financial Services/Finserv
Q&A: How Linqto is helping democratise the private investment space
Linqto’s COO Joe Endoso chats with FinTech Futures about the platform’s goals and ambitions.
Klasha names former PayPal exec Ayman Jawhar as new CPO
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
ICYMI fintech funding round-up: Jodo, ZSuite Tech, Penfold, Appital & RiskSmart
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Composing the future of banks
Flexibility, agility and innovation are core competencies that will keep banks competitive through the next decade.
State of play: BNPL
BNPL has become one of the most divisive credit products of the modern age.
PayTech Awards 2022 Winner: Crezco – Best Real-Time Payments Solution for Business
Get paid faster and reconcile invoices automatically with instant open banking payments.
BaaS start-up Unit partners Thread to offer embedded banking services
Unit says the collaboration with Thread will “empower more companies to offer unique banking solutions”.
Banking Tech Awards 2022 – nomination deadline extended
The deadline for nominations for the Banking Tech Awards 2022 is now Friday 19 August.
Great Southern Bank selects Fiserv for core banking upgrade
The bank will utilise DNA from Fiserv as its new core processing platform.
The blurred line between ‘utility’ and ‘value’
You’ll always need a little more tech than you needed yesterday, but at least you don’t need to build it all.
Income verification platform Truework lands $50m Series C funding
Truework says the funds will support its product development and hiring plans.
Klarpay AG CEO on bridging the gap between online companies and transactional banking
Klarpay solves one of the biggest challenges faced by digital businesses – access to efficient transactional banking.
Does a recession lead to more financial fraud?
A recession brings new challenges to FIs within a changing fraud landscape.
Digital makes the world go round: a reflection
We have the tools and resources to do more, and to do better, but more action is needed.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
No more cheerleaders and today’s need for ‘founder fit’
Founders need to take their time considering investors and carry out extensive due diligence processes.
Mexican start-up Clara lands $150m debt financing from Goldman Sachs
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
Plugging in: financial services in the metaverse
If there’s one industry buzzword this year that is on almost everybody’s lips, it has to be ‘metaverse’.
Cartoon: Dancing in the rain
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Embedded finance: navigating the challenges
There are a few challenges to be aware of before entering the world of embedded finance.
FinTech Futures Jobs: Is salary compression pushing you into a new job?
If you’re demotivated by salary compression in your workplace, it may be time for a change.
US fintech funding round-up: Leapfin, Compliance.ai, Revolv3 and more
Our handy weekly fintech funding round-up covering news from US start-ups.
XR, banks and rewiring the system
Rewiring the economic system will be a challenge, but I think it’s supercritical.
American Express launches cross-border payments solution for US SMBs
The Global Pay platform is currently available to US American Express small business card members.
Spare me your ‘good conversations’
A good conversation is one that leads to an outcome that isn’t an identical conversation.
Financial software vendor Savana closes $45m Series A round
The funds will be used to support the growth of the company’s Digital Delivery Platform.
Rêv acquires Global Payments’ card business Netspend in $1bn deal
The new combined entity intends to deliver “financial empowerment and product innovation”.
Ohio’s KeyBank taps Quavo for dispute management platform
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
Regulation and how financial services can stay compliant
Firms are looking to use hybrid, multi-cloud frameworks to manage ever-increasing amounts of data.
What the FinTech? | S.3 Episode 11 | Financial services and the fight against climate change
In this episode of the podcast, we’re joined by NMD+ founder Dave Wallace.
Digital business bank Grasshopper lands $30.4m funding
The fresh capital takes the bank’s total funding to date up to $160 million.
Open finance firm MX hires former PayPal exec Jim Magats as CEO
Magats will start his new role on 17 August and will also join the firm’s board of directors.
Why the post-trade wholesale market infrastructure is broken
With market volumes rising, the likelihood of a major systemic glitch occurring is very real.
Q&A: How IBM aims to support innovation in the fintech sector
FinTech Futures speaks with IBM’s Prakash Pattni to discuss the role IBM plays in the fintech ecosystem.
US fintech GloriFi to trade publicly following $1.7bn SPAC merger with DHC
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
Treasure Financial and Grasshopper Bank team up to improve financial visibility for businesses
The new platform will allow businesses to optimise the rate they’re generating on their cash balances.
Movement Bank signs for NuPoint core banking tech from CSI
“The process of searching for a new core was rigorous,” says Movement Bank’s president.
MVB Bank live with real-time payments functionality
MVB Bank has become the first live user of the RTP Send functionality offered by Victor Technologies.
FinTech Futures: Top five stories of the week – 29 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
