New start-up Fideo Intelligence launches offering data-driven fraud-fighting solutions
The start-up operates under identity resolution SaaS platform FullContact.
USA
PayPal hires Srini Venkatesan as new CTO
Venkatesan succeeds Archie Deskus, who has served as CTO for the past eight months.
Global Payments acquires UK’s Takepayments for undisclosed sum
Global Payments has reportedly been eyeing up the purchase since February.
Verituity secures $18.8m round led by Forgepoint Capital and Sandbox Industries
Sandbox Industries’ chief Chris Zock is to join Verituity’s board of directors.
Fiserv appoints former JP Morgan Payments head Takis Georgakopoulos as new senior advisor
Georgakopoulos left his role as global head of JP Morgan Payments earlier this month.
US start-up Gynger completes $20m Series A and lands $100m debt facility
Gynger’s Series A was spearheaded by PayPal Ventures.
Tradeweb unveils leadership changes in wake of president departure
President Thomas Pluta served on Tradeweb’s board for over six years.
ICYMI fintech funding round-up: Ramify, Hawk, Cadana, Prosper and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BaaS fintech Unit to reduce workforce by 15%
The cuts are in response to “slower than expected revenue growth”.
Nium tapped by Air France and KLM for payments solution
The airlines are set to deploy Nium’s Airline Payments solution, starting in Italy.
Abacus Group acquires Tribeca Technology Group to strengthen UK presence
The acquisition follows Abacus’ GoVanguard purchase last year.
Apple to discontinue pay later service in the US
Apple Pay Later first launched in the US 15 months ago.
US Federal Reserve Board issues cease and desist order against Evolve Bank
The bank is alleged to have “engaged in unsafe and unsound banking practices”.
US fintech Momnt names Chris Bracken as new CEO
Bracken succeeds co-founder Barclay Keith, who is stepping down after over five years.
JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
The future of fraud detection: how AI revolutionizes your bottom line
Building a proactive fraud shield with AI for unstoppable banking.
Payzli in search of new CEO amid leadership restructuring
Arash Izadpanah will transition from CEO to chief risk officer.
Blockchain infrastructure platform Paxos to reportedly cut 20% of workforce
Paxos currently claims a balance sheet of $500 million.
Shift4 snaps up majority stake in German POS firm Vectron Systems AG
Shift4 plans to buy “additional ownership of Vectron” through a public tender offer.
Merrick Bank partners Kompliant for digital merchant onboarding
The merchant acquirer is to utilise the vendor’s workflow automation tools.
ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US rental fintech Stake acquires Circa in $9.5m deal
The cash and stock deal was completed earlier this month.
Agora acquires Clear shift’s real estate division
Clearshift is to continue managing the division’s payment and compliance functions.
Bill Huffman named new CEO at US asset manager Nuveen
Huffman succeeds Jose Minaya, who held the position for over four years.
Citi extends USD Clearing service to Middle East in partnership with Emirates NBD
Emirates NBD plans to extend the service to all its 853 branches across the world.
Bendigo and Adelaide Bank partners MongoDB for core banking update with AI
The Aussie bank has deployed MongoDB’s Atlas solution.
Koilink Technologies to launch equities trading app in Q4
The start-up has also confirmed its intended stock market debut on the Chicago Board Options Exchange.
Pennsylvania’s Vertex purchases AI tax capabilities from Ryan
Vertex claims the deal will enhance its “AI innovation strategy”.
AlphaSense acquires rival Tegus for $930m, valuation tops $4bn
AlphaSense has raised $650 million in conjunction with its latest purchase.
Pipe secures new $100m credit facility from Victory Park Capital
Pipe says the facility “has the potential to upsize up to $200 million in the future”.
MoneyGram names Gary Ferrera as new CFO
Ferrera succeeds the retiring Larry Angelilli, who has served for nearly a year in the role.
Mastercard commits to phasing out manual card entry in e-commerce by 2030 with tokenisation, Click to Pay and payment passkeys
The payment network claims its latest technology convergence will result in “faster and safer checkouts”.
NatWest prepares to introduce GenAI-powered virtual assistant Cora+ in collaboration with IBM
NatWest will introduce the service through a “12 week pilot to address learnings and updates”.
Former HSBC exec Roz Smith named as new COO of Broadridge International
Before joining Broadridge, Smith spent 18 years in various leadership roles at HSBC.
US Bank taps Greenlight for family-focused money management tools
US Bank becomes the first financial institution to offer Greenlight through an embedded mobile app.
TXSE Group poised to challenge New York exchanges’ dominance with Texas Stock Exchange launch
TXSE plans to submit a registration with the US Securities and Exchange Commission later this year.
ICYMI fintech funding round-up: Fizz, Torpago, Sibill, WealthOS and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LSEG names Pascal Boillat as new COO
Boillat replaces David Shalders who held the position for over four years.
Robinhood to acquire Bitstamp in $200m deal
Robinhood set to leverage Bitstamp’s 50+ global licenses to fuel its planned expansion.
Alkami names former SVB exec Gagan Kanjlia as new chief product officer
Kanjlia previously spent 15 years at Capital One, holding several senior leadership positions.
