UK budgeting app HyperJar names Louise Chan as COO
Chan joins HyperJar from international paytech firm Ebury, where she also served as COO.
Europe
UK paytech GoCardless lays off 15% of its workforce
GoCardless cites the current economic environment as the reason behind the layoffs.
Netherlands first to launch contactless public transport payments system nationwide
OVpay, the open loop payments system, will now be accepted at all modes of public transport across the country.
Nasdaq to acquire software firm Adenza for $10.5bn
The transaction, subject to regulatory approvals, is expected to close within six to nine months.
UK FCA toughens rules for marketing of cryptoassets
From 8 October, companies will have to introduce a “cooling-off period” for first-time investors.
Iceland Innovation Week: Big things have small beginnings
This industrious nation is carefully cultivating a fintech scene that belies its population of 300,000 people.
Iceland’s Kvika Bank taps Enfuce to revamp its payment services
Kvika Bank aims to offer its customers a range of card and mobile payment solutions.
ICYMI fintech funding round-up: Payrails, Griffin and more
Our weekly round-up for you to get the latest fintech funding news, this time from across Europe.
Lunar to provide access to its Nordic payment infrastructure to partners
Swedish paytech Trustly is set to be the first firm to tap into Lunar’s account infrastructure.
Ikano Bank in Europe-wide core banking tech overhaul with TCS Bancs
Ikano Bank’s pan-European accounts, deposits, and unsecured retail lending will be consolidated on TCS Bancs.
Ray Brash joins paytech start-up Flyfish as CEO
Ray Brash previously spent nearly two decades at paytech PPS (now Edenred Payment Solutions).
Allica Bank and ClearBank team up to boost banking for UK SMEs
ClearBank provides Allica with client money accounts and access to UK payment schemes.
Amplifi Capital raises £50m from M&G to boost the UK credit union sector
Amplifi Capital is the company behind UK financial services brands My Community Finance and Reevo Money.
Challenger bank paybox selects core banking system from Avaloq
Austrian digital bank paybox plans to expand across Germany and Southeast Europe.
New as-a-service paytech for PSPs launches in the UK, Shape
Shape Technologies offers Payments-Platform-as-a-Service (PPaaS) to PSPs worldwide.
UK payments start-up PayFuture secures EMI licence from FCA
PayFuture aims to help businesses connect with local payment options in emerging markets.
BNP Paribas and NatWest go live on United Fintech’s CobaltFX
CobaltFX was acquired by United Fintech in late 2022 and subsequently relaunched earlier this year.
Target Group names Peter O’Connor as new CEO
O’Connor joined the firm last year as chief operating officer after several years at Capita.
Financial wellness fintech Elifinty launches in UK
The “socially conscious” platform will leverage AI and open data to help people manage their debt.
Fabrick raises €40m in funding, extends deal with Mastercard
The funding round saw Mastercard and other investors taking up a minority stake in Fabrick’s shareholding.
Mambu CEO and co-founder Eugene Danilkis steps down
Mambu’s chief technology officer (CTO), Fernando Zandona, will be taking over as interim CEO.
Swiss fintech Teylor lands €275m debt funding
With the funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs.
Meniga appoints Dheeraj Soni as its new CEO
Soni joins from mobile payments platform TPAY Mobile, where he served as chief operating officer (COO).
Banque Richelieu Monaco picks ERI’s Olympic Banking System
The project will be delivered as a Software-as-a-Service (SaaS), ERI says.
Irish payments start-up NomuPay lands $53.6m in funding
NomuPay plans to scale in its core markets and further invest in product development.
German mobile tax app Taxfix cuts 120 jobs in restructuring effort
The cuts amount to around 20% of the start-up’s total workforce, according to TechCrunch.
Regnology in talks to acquire French regtech Invoke
The deal will mark the fifth acquisition by Regnology in less than a year.
CaixaBank launches new app to turn Android devices into POS terminals
The solution is compatible with Visa and Mastercard and offers the same level of security as a traditional POS.
UniCredit and Mastercard expand payments innovation partnership
The multi-year arrangement aims to deliver a single card multi-market strategy of significant scale.
Core banking tech challenger Tuum hires global partnerships VP
Jean Souto moves from Feedzai, where he led the fintech’s global partnerships for a year.
FinTech Futures Jobs: Closing the chasm – the largest work skills gaps are in cybersecurity
Three cybersecurity vacancies here, plus thousands more on FinTech Futures Jobs Board!
Swedish fintech Qred lands full banking licence
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Anne Boden to step down as CEO of Starling Bank
Boden will remain on the board as a non-execu director, with COO John Mountain taking over as interim CEO.
UK challenger bank Atom appoints new chairman, Lee Rochford
He will replace Bridget Rosewell when she steps down in September this year.
Aviva migrates equity release service from legacy to Phoebus
Aviva will migrate its entire portfolio of 300,000 accounts, equating to £13bn of assets, onto Phoebus’ system.
Visa to hire 1,500 staff for new global tech and product hub in Poland
The hires will come from Poland, Ukraine and other parts of Central and Eastern Europe.
Payment orchestration platform Paydock raises £25m Series A
Paydock claims its platform “substantially” reduces costs, risks and efforts in a merchant’s payment experience.
Ex-NatWest exec Julie Ashmore joins lendtech Muse Finance as COO
Julie Ashmore moves to Muse Finance from NatWest Rapid Cash where she was CEO.
Meet B4B Payments & Banking Circle at Money20/20 Europe in Amsterdam!
B4B Payments to showcase innovative payment solutions at Money20/20 Europe on 6-8 June.
Monese to offer “coreless” banking platform through new entity, XYB
XYB is available in the UK and Europe, with plans to also launch in North America and Asia Pacific.
