Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
Europe
UK paytech Payset signs for Thought Machine’s Vault Payments tech
The paytech has been utilising the vendor’s Vault Core offering since 2022.
Virgin Money taps Experian to streamline digital customer experience
Virgin Money says it plans to use Experian’s “full breadth of services” to enhance “all product lines”.
iBusiness Funding snaps up Funding Circle’s US business for £33m
Funding Circle first announced the planned sale in March and expects to close the transaction this month.
Lloyds Banking Group expands card and payments partnership with Visa in the UK
The partnership will serve the group’s Lloyds Bank, Halifax, Bank of Scotland and MBNA brands in the UK.
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Register now for this free webinar taking place on Tuesday 23 July.
Klarna sells checkout business to investor consortium
The deal is reportedly valued at around $515 million.
Italian fintech Banca AideXa secures €16m capital raise
The fresh investment brings the fintech’s total capital raised to date to €96 million.
Global Payments acquires UK’s Takepayments for undisclosed sum
Global Payments has reportedly been eyeing up the purchase since February.
Commerzbank to launch digital credit cards for businesses with Pliant
The offering is expected to launch in Q3 2024.
FreeBnk partners E Money Network to issue blockchain-based IBANs
The partnership is set to enable blockchain-based international money transfers.
Backbase hires Chris Shayan to lead integration of AI into Engagement Banking platform
Shayan will head the integration of LLMs into the fintech’s Engagement Banking platform.
ICYMI fintech funding round-up: Ramify, Hawk, Cadana, Prosper and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Regtech start-up Ondorse signs PayXpert, Assurdeal and Kota in UK and Ireland expansion push
Ondorse has also appointed OpenAI executive Olivier Godement to its board.
Sainsbury’s sells core banking business to NatWest
The deal includes the retailer’s personal loan, credit card and retail deposit portfolios.
Vipps MobilePay launches cross-border P2P payments between Denmark, Norway and Finland
The service is to extend to Sweden following Vipps’ entry into the market.
Combatting fraud – insights from industry experts
How to stay ahead of the curve in the ever-evolving landscape of fraud prevention.
FINMA takes action against HSBC Private Bank Switzerland over “serious breach” in PEP due diligence
HSBC says it plans to appeal FINMA’s ruling.
Zilch lands £100m in securitised debt financing ahead of planned IPO
Zilch is preparing to launch its IPO in the next one to two years.
Fintech start-up ZORRZ selects Clowd9 to process payments for new AI-powered BlueAccess credit card
ZORRZ is preparing to launch a financially inclusive credit card.
Encompass Corporation names Andrew Dunn as new VP of engineering
Dunn will guide the “strategic delivery” of Encompass’ CDI platform.
Revolut launches bond investing in partnership with UAE’s GTN
Bonds join Revolut’s investment offering of ETFs, and US and EEA shares.
Société Générale sells neobank Shine to Danish fintech Ageras
Société Générale has been looking for a buyer for Shine since January.
DORA and your uncle Joe
DORA has no appetite to understand why your selective facts are better than the whole truth.
Dineo Crédito migrates from in-house tech to Mambu’s core banking system
The microlender will use the core to launch “more traditional lending products”.
Nium tapped by Air France and KLM for payments solution
The airlines are set to deploy Nium’s Airline Payments solution, starting in Italy.
Abacus Group acquires Tribeca Technology Group to strengthen UK presence
The acquisition follows Abacus’ GoVanguard purchase last year.
DZ Bank partners Surecomp for collaborative trade finance platform
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
Atom Bank’s operating profit climbs 600% after “best year yet”
The UK challenger recorded an operating profit of £27 million last year.
TrueLayer names former Banked exec Lisa Scott as new chief strategy officer
Scott previously served as Banked’s CEO for Europe.
Demystify Podcast: Demystifying data centres with Bruce Owen, Equinix
Demystifying the essential functions of data centres, including housing critical IT infrastructure.
JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
Finbourne lands £55m Series B from Highland Europe and AXA Venture Partners
The funds are to be put to scaling the firm in APAC, US and Europe.
FINMA pulls the plug on FlowBank as bankruptcy proceedings commence
The Swiss regulator has found the challenger bank to be in a “serious breach of supervisory law”.
BIS and Bank of England team up to evaluate synchronised settlement in FX transactions
The initiative is scheduled to commence towards the end of 2024.
UK’s FCA imposes restrictions on e-money firm AstroPay
AstroPay blocked by the regulator from accepting new customer funds and providing payment services.
Shift4 snaps up majority stake in German POS firm Vectron Systems AG
Shift4 plans to buy “additional ownership of Vectron” through a public tender offer.
Avocado mint swirl for prime minister: lessons from UK election surveys on predictive customer satisfaction
The 2024 UK election surveys are treasure troves of insights into human behaviour, preferences, and trends.
ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The AI Summit: Real world AI
Use cases, pathways and challenges to implementation, and the evolving regulatory frameworks.
