Google Cloud to develop quantitative research and genAI capabilities for three new industry takers
The deals were revealed during the Google Cloud Next event in Las Vegas this week.
FinTech
Empower Finance strikes deal to buy Petal with Cashalo acquisition completed
The deal for Petal is expected to close later this quarter for an undisclosed sum.
What you’re really embedding when you embed financial products
An embedded world is a world where trust is essential and needs to be constantly renewed.
Arizona Financial Credit Union taps NCR Atleos for ATM management
The Phoenix-headquartered credit union has opted for NCR Atleos’ ATMaaS solution.
US start-up Parafin lands $125m warehouse facility from SVB and Trinity Capital
Parafin previously raised $60 million in a Series B funding round led by Singapore’s GIC in 2022.
Video: How SOLO is scaling trust by replacing self-reporting
We chat with Georgina Merhom of SOLO to find out how the start-up commoditises first-party data.
UK fintech Gresham Technologies to be acquired by STG Partners for £147m
The acquisition is expected to close by the third quarter of 2024.
Demystify Podcast: Breaking the mould in banking technology with SaaScada
In this podcast episode, Dharmesh and Dave explore the evolving core banking market with SaaScada.
Opus CEO Praveen TM on driving AI transformation in banking and payments
Praveen TM, CEO of Opus Technologies: “Innovation is the only way to survive in this competitive market.”
Tradeweb to acquire wealthtech ICD in $785m deal
The all-cash deal is expected to close in the second half of 2024.
CFPB publishes new report highlighting risks related to financial transactions in video games
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
Fintech funding shows signs of stalling in latest CB Insights report
The $7.3 billion raised this quarter marks the lowest figure recorded since the pandemic began in 2020.
Video: Matera at Fintech Meetup 2024 – Core banking modernisation and instant payments
Matera’s Brad Goad discusses how banks need to modernise their core tech to keep up with instant payment innovations.
ICYMI fintech funding round-up: Zeepay, Coadjute, Hello Alice, CertifID and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ripple set to launch USD-backed stablecoin this year
The offering will make its debut initially on the XRPL and Ethereum blockchains with ERC20 token standards.
FinTech Founders Video: retaining female talent and building strategies for success
Three fintech founders discuss how companies can attract and retain the industry’s top female talent.
FinTech Futures: Top five news stories of the week – 5 April 2024
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Is your head in the cloud when it comes to core banking?
Being cloud native and supporting multi-tenancy are key considerations when looking at a new core banking solution.
Canada’s Brim Financial lands $85m in Series C funding round
The company plans to use the new cash injection to fuel its US expansion plans.
BIS unveils Project Agorá to explore the tokenisation of cross-border payments
Project Agorá will see seven central banks work in partnership with several private sector participants.
State of play: core banking
Investment in core banking technology will continue to be the utmost priority for the industry.
Can’t touch this
Touchpoints with customers are not a good thing. Stop counting them. Stop wanting them.
First Abu Dhabi Bank partners Microsoft to develop new AI-powered banking capabilities
Banking-as-a-Service and Risk-as-a-Service have been cited as two “potential areas of collaboration”.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
What the FinTech? | S.5 Episode 5 | Blockchain, CBDCs and programmable payments
In this episode of the podcast, we’re joined by Gilbert Verdian, CEO of Quant.
iCapital set to acquire investment data firm Mirador
The deal is due to expand iCapital’s data management and reporting capabilities.
FinTech Founders Video: guiding growth with coaching, mentoring and sponsoring initiatives
Three industry experts highlight the importance of coaching, mentoring and sponsoring initiatives in fintech.
Nuvei snapped up by Advent International in $6.3bn deal
The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
Human connection in the age of AI
Even in the age of an AI arms race, we can still reclaim what is uniquely human: our empathy.
US wealthtech NewRetirement lands $20m in Series A funding
NewRetirement says it will use the funds to scale its enterprise financial planning product.
FinTech Futures: Top five news stories of the week – 29 March 2024
Our pick of the top fintech news stories this week includes Robinhood, Mastercard, Visa, Ant Group and more.
Discover Financial Services exec Michael Rhodes to take the lead at Ally Financial as new CEO
Ally Financial has been on the hunt for a new CEO since the departure of Jeffrey Brown in January.
Risk management specialist Abrigo snaps up TPG Software for investment accounting tech
The acquisition will boost the growth of Abrigo’s existing suite of technical accounting solutions.
Is a phone charging cable the new bank card?
Have smartphones completely replaced the need for physical bank cards?
GFT Technologies promotes Marco Santos to group CEO
Santos will replace current group CEO Marika Lulay, who is due to leave the company at the end of the year.
Bolt appoints interim CEO as Maju Kuruvilla departs
Kuruvilla served as Bolt’s CEO for over two years following founder Ryan Breslow’s transition to chairman.
Missouri’s Central Bank taps Personetics for AI-powered money management solution
The bank is looking to expand its digital financial wellness offerings for its retail customers.
US merchants reach landmark settlement with Visa and Mastercard to lower swipe fees
The settlement will see credit interchange rates lowered and capped for the next five years.
ieDigital, Connect FSS and Abaka to integrate under single identity with Rami Cassis named new CEO
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
If Mary has three apples…
Always measure opportunity cost. What are you not doing while you are doing what you are doing?
