Vantage Bank taps Finzly to modernise payment operations
The bank, headquartered in San Antonio, Texas, has selected Finzly’s end-to-end payment hub.
North America
Wells Fargo launches new commercial banking platform with Q2
The solution is expected to leverage Q2’s Catalyst suite for commercial banking.
Banking Tech Awards USA 2025 nominations deadline extended to 21 February
Don’t miss your chance to be part of the Banking Tech Awards USA. Submit your nominations today!
Kansas’ Azura Credit Union selects Jack Henry’s Symitar core processing tech
Azura CEO Greg Winkler says the integration will “position us for growth both now and in the future”.
ICYMI fintech funding round-up: Khazna, Fimple, Foyer, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech Lynx raises $27m Series A funding to scale healthcare payments platform
The latest round brings the fintech’s total funding to date to over $44 million.
Patelco Credit Union issued with consent order and $100,000 fine by California’s DFPI
The order follows an investigation prompted by a ransomware attack experienced by Patelco in June last year.
Citizens Financial Group chief experience officer Beth Johnson to retire next month
Johnson has worked for the group, headquartered in Providence, Rhode Island, for over 11 years.
South African banking group FirstRand selects Fiserv’s Finxact core banking system
FirstRand has become the first financial institution outside the US to adopt the Finxact solution.
Banking Technology Magazine February 2025 issue out now
Cover story: QUANTUM LIGHTS UP – The future is almost upon us, are you ready?
Sixth Street and First Citizens Bank launch equipment financing platform Sixty-First Commercial Finance
The platform is being funded through a $300 million warehouse finance facility arranged by Bank of America.
NCR Voyix announces leadership transition as CEO and president David Wilkinson steps down
The company’s executive chair James Kelly has been named as its new CEO and president.
MoneyGram names former Klarna VP Luke Tuttle as new CTO
Tuttle previously served as president and CTO at Multichannel Consulting.
Access Bank Nigeria partners Integral to boost FX trading capabilities
Access Bank Nigeria has adopted Integral’s solutions for pricing, distribution, and liquidity aggregation.
Lombard Odier taps MongoDB for GenAI-driven tech upgrade
The pair have co-created a “Modernisation Factory” to accelerate the bank’s digital transformation.
Autonomous billing platform Anchor raises $20m Series A funding
Anchor plans to double its workforce in the next year and boost its US market presence.
Christiana Riley to succeed Tim Wennes as CEO of Santander US
Riley has served as regional head of North America since joining the bank in 2023.
US fintech start-up Jump bags $20m Series A led by Battery Ventures
Founded in 2023, Jump’s latest round brings its total funding to date to nearly $25 million.
Video: Envestnet Yodlee at Money20/20 USA 2024 – The growth of open banking in the US
Envestnet Yodlee’s Kat Cloud and Eric Jamison discuss the evolving open banking landscape in the US.
Scott Bessent named as acting director of CFPB as Rohit Chopra departs
Chopra has led the CFPB since 2021.
nCino promotes Sean Desmond to CEO, succeeding Pierre Naudé
Chris Gufford, GM of nCino’s Commercial Banking solution, will succeed Desmond as CPO.
Wise fined by US CFPB for allegedly advertising inaccurate fees
Wise has been ordered to pay a $2.025m civil money penalty and around $450,000 “in redress to harmed consumers”.
Brex CFO Ben Gammell succeeds Karandeep Anand as president
Gammell will continue to serve as Brex CFO alongside his new appointment as president.
BNY names BlackRock’s Carolyn Weinberg as new chief solutions innovation officer
Weinberg says she will “help imagine and commercialise new products and solutions”.
US fintech start-up Cushion to close down
Cushion’s CEO says the fintech “didn’t reach the scale needed to sustain the business”.
Canadian wealth management tech start-up OneVest raises $20m in Series B funding
The fintech plans to develop “advanced AI capabilities to enhance decision-making and client engagement”.
ICYMI fintech funding round-up: Sokin, Cedar Money, Ambak, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
USAA sues Regions Financial Corporation over alleged mobile deposit tech patent infringement
The lawsuit relates to four specific remote deposit capture technology patents held by USAA.
Fintech start-up Formance raises $21m Series A led by PayPal Ventures and Portage
The funding will be used to “fuel Formance’s expansion across the US and Europe”.
US Bancorp announces leadership transition, Gunjan Kedia named new CEO
President Gunjan Kedia moves to CEO, with Andy Cecere to continue as executive chairman.
IDB Bank taps ThetaRay for AI-powered transaction monitoring solution
IDB Bank will now use cognitive AI capabilities to monitor fraudulent transactions.
Alliant Credit Union partners Backbase for Engagement Banking platform
The $20 billion-asset credit union has tapped Backbase to revamp its digital member experience.
Trump Media and Technology Group to launch fintech brand Truth.Fi
TMTG currently operates Truth+, a streaming platform, and Truth Social, a social media network.
Social media platform X selects Visa to power payments for X Money
X Money, which will “debut later this year”, has opted for the Visa Direct solution.
Wells Fargo partners Derivative Path to deliver new FX solution for regional US banks
Wells Fargo will pair its FX payment APIs with Derivative Path’s DerivativeEDGE platform.
Mahalo Banking secures seven new credit union partnerships
The credit unions have selected Mahalo for its flagship Thoughtful Digital Banking offering.
Nuvei seals deal to acquire Paywiser Japan Limited, launches direct acquiring capabilities in Japan
The acquisition of Paywiser Japan Limited includes an acquiring licence granted by Japan’s METI.
Canada’s Central 1 to transfer digital banking operations to Intellect Design Arena
The move comes after Central 1 announced plans to wind down its digital banking business last year.
Financial connectivity fintech Method raises $41.5m Series B
Method will use the cash to enhance its integration with credit card and network transaction data.
DoubleCheck Solutions names fintech veteran Ashwin Rangan as new CEO
Rangan succeeds co-CEOs Joel Schwartz and Bill Amelio.
