Turkish fintech Papara acquires Spanish neobank Rebellion Pay
Papara calls the acquisition a “crucial step” in its European expansion strategy.
Europe
Corlytics snaps up Clausematch in latest regtech acquisition
The deal marks Corlytics’ second acquisition of the year after buying ING SparQ in January 2023.
Silvr secures up to €200m credit facility to close European SME funding gap
The new transaction is backed by Citi and Channel Capital, and the initial facility will be for €67 million.
UK challenger Tandem Bank secures £20m in funding
Tandem’s CEO says the capital “will put extra momentum behind our green lending proposition”.
Melton Building Society taps Finastra for digital transformation
This is the third building society client deploying Finastra’s Essence solution.
Inpay becomes Scandinavia’s latest EMI following FSA accreditation
The firm is now the first Scandinavian fintech to hold EMI, TPP and PSP licences.
Bank of Lithuania revokes EMI licence of PayrNet
The central bank says it took the decision due to “serious, systematic and multiple violations of legal acts”.
Digital asset firm Laser Digital snaps up Elysium Technology Group
Laser says the deal will help bring cross-asset post-trade capabilities to institutional digital asset investors.
Swiss National Bank confirms wholesale CBDC pilot
The SNB is set to launch a new wholesale CBDC pilot on the SIX digital exchange.
LendInvest secures £500m funding partnership with Chetwood Financial
LendInvest says the funding will fuel its buy-to-let and residential mortgage products.
LHV Bank names Rachelle Frewer as new CFO
Frewer will also join LHV Bank’s board of directors.
BBVA to hire over 2,600 technology experts in 2023
Of the amount foreseen for 2023, the bank says 1,200 professionals have already joined this year.
CaixaBank launches FXWallets service for international payments
FXWallets is currently available in pilot mode for select customers, with a wider rollout planned for September.
Orange in exclusive negotiations with BNP Paribas as it looks to exit retail banking market
The move follows a strategic review of Orange’s banking business launched several months ago.
Visa to acquire payments and banking platform Pismo for $1bn
The transaction is subject to regulatory approvals and is expected to close by the end of this year.
UK signs financial services cooperation agreement with EU
The MoU aims to establish an “ongoing forum” to discuss voluntary regulatory cooperation.
European Commission proposes new measures to modernise payments
The proposed measures include revising the Payment Services Directive to become PSD3.
One Trading, formerly Bitpanda Pro, bags €30m funding
The funding round was led by Peter Thiel’s Valar Ventures.
Over 150 senior-level executives set to join FinTech Futures’ 40th Anniversary Summer Party
We’re celebrating our 40th anniversary on Thursday 6 July at our spectacular summer party!
Danske Bank taps Infosys for digital transformation
As part of the partnership, Infosys will also acquire Danske Bank’s India IT hub, employing over 1400 people.
UK fintech TreasurySpring secures $29m Series B funding
The funding follows its $10 million Series A held in June 2021, and brings its total capital raised to $42 million.
Novobanco taps Feedzai for fraud protection and enhanced CX
Novobanco will deploy Feedzai’s Digital Trust (DT) and Transaction Fraud for Banking (TFB) solutions.
UK paytech Ryft introduces in-person card payments to St Helena
Ryft says the small, remote island has “historically struggled” to access international payment platforms.
PayPal to sell up to €40bn of European BNPL loans to KKR
The transaction, subject to certain conditions, is expected to close in the second half of 2023.
UK paytech Volt secures $60m in Series B funding
With the new funds, the company plans to expand into APAC and the US.
Okoora launches integrated payments, banking and risk management platform
To facilitate its expansion, the start-up has submitted licence applications in multiple European countries.
CFIT appoints Stephen Ingledew and Alex Marsh as independent non-executive directors
Stephen Ingledew is chairman of FinTech Scotland and Alex Marsh is the former head of Klarna UK.
Mediobanca’s Compass acquires HeidiPay Switzerland
The acquisition will enable Compass to become a consumer credit operator in the Swiss market.
Bankable acquires embedded finance platform Arex Markets
With the acquisition, Bankable will be able to embed credit and working capital into the payment flows of fintechs.
Demystify Podcast: Engine by Starling Bank with CCO Nick Drewett
Demystifiying the rationale behind Starling’s strategic shift to Banking-as-a-Service (BaaS).
Intesa Sanpaolo’s Isybank goes live on Thought Machine core
The digital bank has gone live 12 months after it first initiated the deal with Thought Machine.
Citi TTS taps Pismo to strengthen demand deposit account solutions
Citi will initially deploy Pismo’s cloud-based core solutions in the US market.
Binance exits Netherlands; under investigation in France
Binance failed to secure a virtual asset service provider (VASP) licence in the Netherlands.
Europe funding round-up: DJUST, Apron, Trezy and more
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK challenger Zopa appoints new COO and CTO
Kate Erb joins as chief operating officer (COO) and Peter Donlon as chief technology officer (CTO).
Looking in the future of financial services at AI Summit
How does an industry like financial services make sense of all of the AI potential?
Digital banking tech provider Backbase acquires wealthtech Nucoro
Nucoro’s offering will be incorporated into the Backbase Engagement Banking platform.
Fintech scale-up Yapily appoints Tanya Ziv as COO
Tanya Ziv moves from fellow fintech Currencycloud where she was chief compliance officer.
Market Pay acquires Polish paytech Novelpay in European expansion push
This is Market Pay’s third acquisition in less than two years.
Keytrade Bank in core banking tech overhaul with Infosys Finacle
Keytrade Bank chose Infosys Finacle due to its “worldwide expertise, implementation plan and price offering”.
