Jewel Bank, a new digital asset bank, launches in Bermuda
Bitbull Capital invested in Jewel Bank’s Series A round in 2022.
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New financial planning start-up Fruitful raises $33m in funding
The rounds were led by Emigrant Bank and 8VC with participation from other investors.
Layoffs and hires: Curve, Gemini and Citigroup
Curve and Gemini lay off employees, while Citi plans on hiring 4,000 techies.
Blockchain-based trade finance platform we.trade shuts shop
We.trade claims to be “the world’s first enterprise-grade blockchain-enabled trade finance platform”.
ComplyAdvantage appoints ex-WorldRemit head as CTO
Mark Watson brings over 26 years of tech experience into his new role as CTO.
New bank alternative, Fluid Finance, launches “revolutionary global super-app”
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
Fleetcor to acquire cross-border paytech Global Reach
Fleetcor has signed a definitive agreement to acquire UK-based Global Reach Group.
Santander appoints Pierre Habis to lead digital transformation in US
Santander Bank N.A. has appointed Pierre Habis as the new chief consumer and digital transformation officer.
HSBC-backed trade platform Serai shuts down
Serai was on a mission “to simplify global trade” by providing supply chain solutions to brands and manufacturers.
Codat raises $100m from JP Morgan in Series C round
Codat aims to be “the default means of sharing data for the small business economy”.
Motive Partners invests €120m in digital banking tech vendor Backbase
Backbase has raised €120 million in growth equity funding, bringing its valuation to €2.5 billion.
North America fintech funding round-up: Klasha, Proper, Manzil and more
A handy round-up of the recent funding endeavours of fintech companies across North America.
Societe Generale embarks on derivatives tech transformation with FIS
Societe Generale will transition its existing derivatives IT environment to FIS Cleared Derivatives Suite.
Money 20/20 Europe: How is the rise of fintech transforming the next generation of banking?
Kahina Van Dyke believes the biggest shift in legacy financial services is learning to unlock human potential.
Credit unions comms platform Eltropy acquires video banking tech firm POPi/o
Together, Eltropy and POPi/o serve more than 400 credit unions in the US.
US-based paytech GTP acquired by MFS Africa
Following a $100m funding round last year, MFS Africa acquires US-based paytech GTP.
EntreBank selects CSI’s NuPoint core banking platform
CSI will also provide EntreBank with managed IT services.
Ohio’s KeyBank appoints new tech executive
Navarro previously worked in a similar role at TD Bank.
Pagaya appoints former Barclays UK CEO as president
Ashok Vaswani, Pagaya’s new president, is a Barclays and Citibank veteran.
Crypto exchange Coinbase extends hiring pause and rescinds some job offers
The firm cites “current market conditions” as a reason behind the move.
US fintech funding round-up: Pebble, Arteria, Hardbacon & Digital Asset
A handy round-up of the recent funding endeavours of fintech companies across North America.
Video: IncredibleBank at FinovateSpring 2022 – Diversity and inclusivity in fintech
FinTech Futures chats with Kathy Strasser of IncredibleBank about diversity in the fintech space.
Video: Wells Fargo at FinovateSpring 2022 – BaaS and open banking
FinTech Futures chats with Reetika Grewal of Wells Fargo to discuss open banking and BaaS.
FinTech Futures at FinovateSpring 2022
An overview of what the FinTech Futures team got up to during our time at FinovateSpring.
UK paytech GPS appoints Jill Docherty as director of global partnerships
Docherty will sit on GPS’ global executive committee overseeing all GPS ecosystem partners.
Video: JP Morgan at FinovateSpring 2022 – The growth of open banking
FinTech Futures chats with Eileen Holcomb of JP Morgan to discuss the growing adoption of open banking.
Former Mastercard EVP Kush Saxena appointed as new CEO of PagoNxt Merchant Solutions
Kush Saxena will step into his new role in mid-June.
US-based Payoneer appoints John Caplan as co-CEO
Founded in 2005, Payoneer enables “borderless payments and growth” for digital businesses.
Mambu partners Brim Financial for new digital banking offering
Through the partnership, the firms will deliver a new digital banking platform in North America.
FinTech Futures: Top five stories of the week – 27 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Payments fintech Bolt announces layoffs
The news follows a string of layoffs in the fintech space in recent weeks.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
North America fintech funding round-up: equipifi, PayEngine & Moves
A handy round-up of the recent funding endeavours of fintech companies across North America.
iCapital expands its platform with Simon Markets acquisition
The deal is expected to close in the second half of 2022 pending regulatory approvals.
Capital markets fintech Clear Street lands $165m in Series B funding
The new funding takes the company’s valuation up to $1.7 billion.
Cartoon: Untethered
A new cartoon illustrating the potential economic risks surrounding asset-backed stablecoins.
Card-issuing platform Marqeta partners Evolve Bank & Trust
Evolve will support the full range of Marqeta’s card programme management capabilities.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
Two US banks tap fintech Chimney to boost customer engagement
New York-based Chimney’s financial calculators help customers make “smarter” financial decisions.
Canadian Tire Bank taps Temenos for digital-first core banking upgrade
Canadian Tire Bank is looking to replace its legacy systems and modernise its operations.
