Sharia-compliant challenger Nomo taps Paymentology for digital payments platform
Paymentology’s technology has allowed the bank to offer cross-border transaction services “without high fees”.
Europe
Deutsche Bank acquires Numis in £410m deal to build out UK investment banking arm
Deutsche Bank plans to fold its UK and Ireland corporate finance business into Numis.
Shieldpay names Andrew Hawkins as CEO for UK & Europe
Hawkins joined Shieldpay in August 2022 as chief product and technology officer.
FCA proposes listing regime revamp to make UK more competitive
The FCA says its proposals would make listing rules “more effective, easier to understand and more competitive”.
HSBC triples quarterly profits following SVB UK acquisition and interest rate hikes
The bank also intends to begin a new share buyback of up to $2 billion.
Fintech Lanistar names Ed Blankson as chief financial officer
Blankson, who spent several years at Tide, brings “a wealth of experience” to the role, Lanistar says.
TAS acquires fellow Italian software provider Mitobit
The acquisition is the fourth for TAS Group since July 2022.
Deutsche Börse to acquire Denmark’s SimCorp in €3.9bn deal
SimCorp will sit within a newly created investment management solutions segment, Deutsche Börse says.
UK regtech GSS names Ruth Fletcher as joint COO and CFO
Fletcher previously served in a similar capacity as COO/CFO at international money transfer firm CurrencyFair.
Home management data platform AskHomey acquired and set to shutter
The firm says users should download their data before the app closes in the summer.
OWIN23: Key takeaways from the Objectway user conference
Wealthtech and banking technology provider Objectway sets out its strategy.
NZ wealth manager JBWere taps Duco for cash and asset reconciliations
JBWere NZ will use Duco to reconcile cash and securities held with sub-custodians, share registries and banks.
UK regtech Facctum appoints two senior executives
Onkar Inamdar joins as head of engineering and Syam Chintapenta as chief development officer.
Platform One snaps up £1bn worth of assets from SIPP operator Gaudi
The acquisition takes Platform One’s total assets under administration to £2.7bn.
Mastercard’s SVP of open banking Jim Wadsworth departs
Wadsworth joined Mastercard via its acquisition of Vocalink in 2017.
Cross-border paytech PingPong Payments nabs UK EMI licence
With the licence, PingPong Payments will be able to offer its services to customers across the UK and Europe.
Allianz reportedly mulls sale of its shares in N26 at a discount
The Financial Times reports Allianz could be looking to sell its 5% stake in the digital bank.
Finaro taps MultiPay to boost payment acceptance in Nordics and UK
With the new solution, both firms aim to “simplify the disjointed payments landscape” in the Nordics and UK.
Fenergo appoints new CFO and CRO to drive global expansion
Fenergo says the new hires will play a “pivotal role” in driving its global expansion and SaaS strategy.
EU crypto “travel” regulations pass European Parliament vote
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.
Schroders slashes valuations of UK neobanks Revolut and Atom Bank
Schroders has marked down its Revolut shareholding by 46%, and its stake in Atom Bank by 31%.
Barclays names Kirsty Everett as chief compliance officer
Everett will join Barclays on 1 July, subject to regulatory approval.
Stripe funding round helps boost global fintech funding 55% in Q1 2023
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.
Paddle founder Christian Owens steps down as CEO
Owens, who led the firm for 11 years, has been replaced by COO Jimmy Fitzgerald.
FCA outlines new measures for banks to tackle money laundering via the Post Office
The NECC estimates “hundreds of millions” of pounds are laundered annually using cash deposits at the Post Office.
Aussie paytech EML Payments mulls sale as CEO resigns
The company is conducting a review as it looks to “transition away” from its previous long-term strategy.
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Illimity Bank sells IT source codes to Engineering Group in €55.5m deal
The €55.5 million is set to be paid over 2023-2026 with a potential additional €4.5 million between 2024-2032.
UK’s FCA selects NayaOne to build and operate Digital Sandbox platform
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
P27 Nordic Payments withdraws clearing licence application, leaving the project’s future unclear
P27 says “new requirements and regulations” have challenged its operating model.
Volkswagen Financial Services in tech overhaul with Oracle
With Oracle, VWFS will look to modernise its database tech to support its European operations.
Gigs names Rafael Plantier as new head of financial services
At Gigs, Plantier will forge new customer partnerships in the financial sector.
SocGen digital asset arm unveils Euro-pegged Ethereum stablecoin
The stablecoin is designed to bridge the gap between traditional capital markets and the digital asset ecosystem.
ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
Worldline partners Crédit Agricole to build “major payments player” in France
The joint venture is expected to be operational by 2025.
Greenpeace taps Nexi Greece for digital payment security services
Greenpeace will use Nexi Greece’s tokenisation solution to obscure sensitive payment data.
ClearBank names former PayPal exec as new chief product officer
Spiros Theodossiou joins from cloud accounting platform Dext, where he also served as CPO.
Regtech Kaizen acquires compliance solutions firm Red Deer
Red Deer head of product Alistair Downes says the deal will leverage both firms’ “expertise and technology”.
Januar lands European payment licence from Danish regulator
The Danish start-up will now be able to onboard clients from across the European Economic Area (EEA).
Swiss challenger Radicant taps NetGuardians for fraud detection software
Radicant will deploy NetGuardians’ AI-led software to enhance payment protection.
