MoonPay names former Coinbase exec Asiff Hirji as new president
According to Bloomberg, Hirji assumed the role earlier this month, joining from Figure Technologies.
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Panamax expands global reach with Acute Informatics acquisition
Panamax’s CEO says the acquisition of India-based Acute is a “strategic move to expand our horizons”.
Wells Fargo launches digital financial planning platform LifeSync
LifeSync, available from March, will sit within the Wells Fargo mobile app.
Varo Bank appoints Wook Chung as chief product officer
Chung most recently served as vice president of product, design and engineering at SoFi.
Shawbrook Bank taps Pegasystems for automated underwriting solution
Pega claims its low-code platform will save Shawbrook underwriters 1,500 hours a month.
Global paytech GPS appoints three new non-exec directors
The new additions are: Paulette Rowe, Shane Happach and Lynn McCreary.
FinTech Futures: Top five stories of the week – 24 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Santander Bank picks SigFig to modernise client investment experience
Via the partnership, the pair have developed Santander PathFinder, an automated investment management tool.
Wells Fargo lays off hundreds of its mortgage bankers
The job cuts were made in response to “significant decreases” in mortgage volumes, Wells Fargo says.
US president Joe Biden nominates former Mastercard CEO to lead World Bank
Ajay Banga has been nominated to lead the World Bank following the resignation of David Malpass.
ICYMI fintech funding round-up: Siren, DirectID, Gimo & HedgeFlows
A handy round-up of this week’s fintech funding news from across the world.
American Fintech Council appoints Phil Goldfeder as CEO
Goldfeder brings more than two decades of experience working in the private and public sectors.
Property analytics firm CoreLogic acquires mortgage tech platform Roostify
The acquisition will see CoreLogic integrate Roostify’s platform with its own data, analytics and workflow solution.
Arvest Bank launches new lending product powered by Thought Machine
Arvest claims it is the first US bank to offer lending capabilities on Thought Machine’s core.
Canada’s securities regulator tightens rules for crypto exchanges
The CSA has laid out enhanced investor protection commitments it expects from exchanges operating in Canada.
OpenWallet Foundation launches to boost digital wallet interoperability
The OWF intends to provide the “software engine” that organisations can use to develop digital wallets.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
Banesco USA taps AML RightSource for automated due diligence solution
Banesco will deploy AML RightSource’s Automated EDD (Enhance Due Diligence) solution.
FSB to study DeFi’s potential stability risks and vulnerabilities
The FSB states that “specific features” of DeFi may see some of its vulnerabilities “play out differently”.
Cartoon: What recession?
A new cartoon illustrating how private market valuations have been impacted in the current environment.
Payoneer lands UK e-money licence from FCA
Payoneer secured the EMI via its subsidiary Payoneer Payment Services UK.
North America fintech funding round-up: Vexi, Comun, ModernFi & more
A round-up of the latest funding endeavours of fintech start-ups from across North America.
FinTech Futures: Top five stories of the week – 17 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Financial market data provider Quodd acquires Xignite
The combined business will serve more than 2,200 companies.
ICYMI fintech funding round-up: Ledge, AdalFi and Power
Our weekly fintech round-up for you to get the latest funding news from around the world.
AI regtech WorkFusion names Arthur Mueller VP of financial crime
Mueller joins from Rabobank North America where he served as AML and sanctions officer for more than six years.
Global fintech investment drops 31% in 2022 from record 2021 high
Despite the drop, it was still the third-best year for fintech investment ever.
Citizens Financial Group taps Paymentus for bill pay and money movement services
Through the partnership, Citizens will deploy Paymentus Bill Center and Paymentus Loan Payments.
Finastra reportedly looking to sell banking business
Finastra is understood to be exploring the sale of its banking portfolio for as much as $7 billion.
Dragonfly makes C-level hires as firm expands partnerships and portfolio
Alongside the senior appointments, the firm says it has also expanded its development and product teams.
Laurentian Bank launches new credit card programme with Brim Financial
Laurentian Bank says the new credit card programme will “enhance the overall experience” of its customers.
PayPal reportedly halts work on stablecoin offering
PayPal is hoping to get a clearer understanding of the evolving regulatory landscape, Bloomberg reports.
Global ID verification platform ID-Pal names Tim Murphy as board chair
Murphy will be tasked with developing ID-Pal’s growth strategy and overseeing its governance requirements.
FIS reveals plans to spin off merchant business unit
FIS expects the spin-off to be completed within the next 12 months.
Digital asset exchange Gate.io taps Coinfirm for AML/CFT platform
Gate.io says the Coinfirm partnership will give the firm “a solid foundation” and shore up its compliance.
ICYMI fintech funding round-up: Fierce, Wisor AI, Cenoa & Habitto
Our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
PayPal CEO Dan Schulman to retire by end of 2023
PayPal says it will begin its search for Schulman’s successor imminently.
FinTech Futures: Top five stories of the week – 10 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Global Technology Partners names Olaseni Alabede as new CTO
Alabede was previously vice president of product development in Mastercard’s installments business.
Digital asset security firm Coincover bags $30m in funding
The funding will be used to boost recruitment, forge new partnerships and develop new products.
