Nordic Capital snaps up Canadian SaaS fintech Zafin
Zafin has partnerships with a number of global banks including Wells Fargo, HSBC, PNZ and ING.
Zafin has partnerships with a number of global banks including Wells Fargo, HSBC, PNZ and ING.
The group’s ATMs and service centres accounted for 3% and 1% of its total transaction volume last year, respectively.
The Frankfurt-based commercial bank has adopted the vendor’s DOKA-NG solution.
The fintech has been licenced to operate in Europe since 2022.
The OCC says the fine relates to “systemic deficiencies” in the bank’s risk management and internal controls.
The deal will see the fintech take ownership of Nest Wealth’s digital wealth solutions and client portfolio.
Holbrook takes over from Nez Aquino, who has served as interim CEO since July 2023.
WealthCo says the Duco platform has helped it build “volume-agnostic” automated processes.
The partnership is in anticipation of Canada’s 2025 rollout of open banking.
Beem Credit Union will launch on 1 January in Canada with the merger of Gulf & Fraser and Interior Savings.
The group initially paid $175 million for approximately 22% of VettaFi back in January.
Rhodes succeeds former CEO and president Roger Hochschild, who stepped down with immediate effect in August.
Founded in 2014, the Toronto-based fintech offers a full-service spending and savings account.
Liberis plans to go live in Canada, Germany and Poland in 2024.
FINTRAC says it uncovered three administrative violations by RBC during an examination last year.
The BaaS model will enable Egypt’s non-bank firms to integrate banking services into their product lines.
The paytech was valued at $350 million only seven months ago.
Scotiabank first bought its 20% stake in May 2014 for around $460 million.
The financing will enable MPOWER to issue more loans to international students studying in the US and Canada.
The Series B round was led by GGV Capital and takes the start-up’s total funding to date to $50 million.
The round was led by Ten Coves Capital and brings Procurify’s total equity funding to more than $70m to date.
The recapitalisation comes after the Canadian growth capital firm carried out significant job cuts over the last year.
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
The partnership intends to accelerate the pace of digital banking transformation throughout the Levant region.
The round was led by Framework Venture Partners, with participation from additional investors.
The news was announced at the Sibos conference, which is being held in Toronto, Canada, this year.
A variety of compelling panels led the event’s narrative on one of this year’s most trending topics.
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
With Sibos 2023 taking place in Toronto, Canada, we take a look at the country’s growing fintech scene.
Experts at Sibos evaluated how enriched data is enabling innovation in AI and the rise of predictive analytics.
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
CGI says its All Payments solution is “a tech stack based on the ISO 20022 standard” used by financial services firms globally.
SmartStream’s Vincent Kilcoyne explains why the success of accelerated settlements hinges on quality data.
BMO is looking to improve high-volume payment flow management for its commercial banking clients.
Recharge plans to close two to three more acquisition deals in the next 12 months.
Caledonia Investments bought 7IM in September 2015 for around £100 million.
Aris Bogdaneris joins from ING to oversee Scotiabank’s digital banking business Tangerine.
BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend.
LemFi was founded in 2020 to provide immigrants with better access to financial services.
H1 2023 investment activity totalled $353.7m across 57 deals, down from $1.09 billion across 87 deals in H2 2022.