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.
Europe
ClearBank rings in first full year of profitability
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
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.
UK’s FCA and Bank of England launch consultation for Digital Securities Sandbox
Responses to the consultation are being accepted until 29 May, ahead of applications for the DSS opening this summer.
Debt financing platform Scayl emerges from stealth with €100m backing
The Swedish start-up says the financing will “immediately” be made available to fintech lenders through its platform.
PostFinance overhauls disputes management tech with new Rivero collaboration
The arrangement will see the bank leverage the Zurich-based start-up’s SaaS solution Amiko.
Oman Housing Bank selects Temenos for core banking upgrade
The OHB offers government-subsidised housing loans to low and middle income groups.
Mutual Trust Bank in Bangladesh partners IDEX Biometrics for new payment card security feature
The bank has tapped its partner’s IDEX Pay solution to install fingerprint sensors into its physical card offering.
ICYMI fintech funding round-up: ZayZoon, Koin, FacePhi, Belong and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
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.
New core banking system, Vilja, comes to the UK from Sweden
Vilja is entering the UK market via a partnership with local mortgage origination platform, Mast.
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.
UK regtech Encompass Corporation appoints Neil Acworth as new CISO
Acworth’s appointment follows Encompass’ recent acquisitions of CoorpID and Blacksmith KYC.
Tide names former SVP George Schmidt as new regional CEO for UK and Europe
Schmidt will be responsible for leading Tide’s recently announced expansion into the German market.
UK’s Co-operative Bank to cut 400 jobs as part of cost reduction programme
Due to impact 12% of its total workforce, the proposed job cuts will take effect from 7 May.
Bulgaria’s Paynetics acquires UK neobank Novus
Founded in 2020, Novus is the UK’s first B-Corp certified digital bank.
Denmark’s Danske Bank enters multi-year cloud partnership with AWS
Danske Bank will migrate selected legacy applications, data, and infrastructure to the AWS cloud.
Redwood Bank names David Kennedy as new chief operating officer
Kennedy has previously held leadership positions at Lloyds, Barclays, Shawbrook Bank and Masthaven Bank.
Fintel acquires an initial 70% stake in UK start-up ifaDASH
Fintel has a two-year option to purchase the remaining 30% stake in ifaDASH for an agreed multiple of EBITDA.
UK regtech GSS lands £37m in Series A2 funding round
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
Germany’s NX Technologies lands $24m in Series B round led by PayPal Ventures
The Cologne-based fintech start-up plans to use the funding to expand into new European markets.
British Business Bank launches new £660m Northern Powerhouse Investment Fund II
Over £1bn of investment has been facilitated to businesses since the launch of the first NPIF in 2017.
Baader Bank modernises regulatory trade and transaction reporting with Broadridge
Baader Bank already uses Broadridge’s solutions for trading and market connectivity, and order management.
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.
Digital identity specialist Signicat acquires Icelandic counterpart SmartWorks
SmartWorks is Signicat’s sixth acquisition since the arrival of new owner Nordic Capital, in 2019.
UK paytech Volopa partners ClearBank to expand its SME banking services
Volopa is currently applying for a UK EMI licence, which it expects to be granted this year.
AccessPay bags $24m in mix of equity and debt to fuel product development plans
The latest funding will help drive the Manchester-based firm’s expansion into the US.
UK fintech Railsr approaches Equals Group over potential merger
Equals Group has confirmed it received an “indicative non-binding proposal” about a potential deal.
Australian Payments Plus taps Swift to develop confirmation of payee service
The firms plan for the new security measure to be ready by the beginning of 2025.
Payment security and fraud prevention take centre stage at this year’s Pay360 conference
Concepts concerning the safety and efficiency of payments proved central to the conference’s agenda.
7IM expands UK footprint with acquisition of Eastcote Wealth Management
The acquisition will give 7IM a base in the Midlands to broaden the reach of its operations.
Video: Decoding the digital euro
Ville Sointu of Nordea discusses how a potential digital euro could impact the financial services sector.
IndusInd Bank partners Tappy Technologies and Thales to launch tokenisation solution for wearable payments
The Indus PayWear app will enable the bank’s customers to tokenise their cards for use with wearables.
Germany’s Solaris bags €96m in Series F funding round
The new capital injection adds to Solaris’ initial €38 million Series F raise announced in 2023.
April taps Dutch fintech Ohpen to power its UK mortgage offering
The London-based lender provides longer term fixed-rate mortgages and soft launched last month.
Integrated Finance partners KYP for data intelligence and risk monitoring tech
KYP will provide Integrated Finance with onboarding, screening and transaction monitoring tech.
Nationwide partners Signly to offer British Sign Language website translation service for deaf customers
Nationwide’s BSL website content is to be provided “in the form of pre-recorded signed videos”.
UK fintech start-up Silverbird enters special administration
Daniel Conway and Geoffrey Rowley of FRP Advisory have been appointed as joint special administrators.
Optimising compliance in a busy year of reporting rewrites using Rosetta
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
GoCardless signs deal with EML Payments to acquire Nuapay
EML has owned Nuapay since 2021, when it purchased the company in a €110 million deal.
