Meridien Holdings acquires stake in FX liquidity firm DKK Partners to bolster plans for NYSE listing
The US-based holding company says it has “set fourth its plans to list on the NYSE”.
News
Black Hills Federal Credit Union tasks NCR Atleos with ATM management in new agreement
The credit union has opted to leverage its partner’s ATM-as-a-Service and ITM-as-a-Service solutions.
Video: Griffin at Money20/20 Europe – From licence to longevity
Griffin CEO David Jarvis discusses the bank’s licensing journey and what’s next in store.
Brazil’s Matera lands $100m investment from Warburg Pincus
Warburg Pincus will reportedly gain a minority stake in Matera following its investment.
First Global Bank in Jamaica partners Profile Software for digital Finuevo Suite
The partnership is set to equip the bank with new digital onboarding and loan origination facilities.
April names former Avantax exec Raj Doshi as new president and COO
Over his more than 20-year career, Doshi has also held leadership positions at Updater and Google.
Blue Owl Capital snaps up Atalaya Capital Management in $450m deal
The deal is comprised of $350 million in Blue Owl equity and $100 million in cash.
US fintech Aven’s valuation tops $1bn with latest $142m Series D capital raise
The San Francisco-based fintech plans to expand to all 50 US states by next year.
Merrco Payments rebrands to KORT Payments with new managing team led by Paysafe founders
The rebranding comes after Merrco’s successful capital raise in June.
Former KeyBank digital chief Jamie Warder joins Alliant Credit Union as CIO and business strategy lead
Before his corporate career, Warder served as an armour and cavalry officer in the US Army.
Video: Tribe Payments at Money20/20 Europe – Hyper-personalisation in fintech
Tribe Payments’ Lynda Clarke talks big data, hyper-personalisation, and the continued customisation of fintech.
Clear Street set to acquire Fox River algorithmic trading business from Instinet
The deal to acquire Fox River’s algorithmic execution solutions is expected to close in Q3.
US fintech start-up Estu launches new financial services app for students
The app comprises financial, social and academic functionalities.
HSBC concludes search for new Group CEO with Georges Elhedery appointment
The appointment follows Noel Quinn’s announcement in April that he was stepping down after five years as CEO.
Digital challenger Inter promotes SVP Alexandre Riccio to Brazil CEO
Riccio has been tasked with overseeing “an even more intense drive to deliver results”.
Sequoia Capital reportedly offers Stripe investors share deal as fintech valuation tops $70bn
The firm is said to have made the offer through an email sent to LPs this week.
Mexican fintech start-up OCN lands $86m Series A funding round to drive international expansion
OCN provides gig workers in Latin America and the US access to capital for car rentals.
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
The OCC and the Federal Reserve Board have fined Citigroup $75 million and $60.6 million, respectively.
Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding
Partior was founded as a joint venture between JP Morgan, DBS Bank and Temasek in 2021.
Diamond Credit Union partners Tyfone for nFinia digital banking platform
Diamond was a longstanding client of Cubus Solutions, which Tyfone acquired in 2023.
Cartoon: Relief
The survivors from the ‘mass start-up extinction’ event might still not be ready to invest for growth.
Banking Technology Magazine July / August 2024 issue out now
Cover story: MONEY TALKS – Cash still playing an important role in society.
ICYMI fintech funding round-up: Lemon.markets, Trustap, Adfin, Accend and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Intuit to cut 10% of workforce amid plans to boost investment in “key growth areas” such as AI
Intuit plans to hire 1,800 new workers to support the firm’s aim to capitalise on the “AI revolution”.
FinTech Futures: Top five news stories of the week – 12 July 2024
Our pick of the top fintech news stories this week includes Envestnet, Dosh, Innovate Finance and more.
Bain Capital to acquire US fintech Envestnet in $4.5bn deal
Reverence Capital is also participating in the transaction, alongside a consortium of additional investors.
Skipify names former Airbnb Payments chief Sam Shrauger as new COO
Shrauger previously served as CEO and chairman of Airbnb’s US payments arm for over four years.
Malaysia’s Affin Bank partners ACI Worldwide for business payments platform
The bank is leveraging the ACI payments platform to realise a “75% efficiency boost”.
America First Credit Union taps Loquat for small business onboarding solution
The credit union will apply Loquat for digital account opening, payments, reporting and virtual cards.
Global fintech investment fell by 19% in H1 2024, according to new Innovate Finance report
Total investment in fintechs worldwide amounted to $15.9bn in H1 2024, compared to $19.5bn in H2 2023.
Clear Street names former CBOE chief Edward Tilly as new president
Tilly previously served as CEO and chairman of CBOE Capital Markets for over 10 years.
Avidia Bank to adopt Personetics’ AI-powered engagement engine through new Q2 Digital Banking Platform
The bank will integrate Personetics’ AI engagement engine into the Q2 platform.
What the FinTech? | S.5 Episode 11 | Banking Tech Awards 25th anniversary special with Monument
In this podcast episode, we chat with Sudip Dasgupta, CTO at Monument Bank and Banking Tech Awards judge.
Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments
Azqore previously selected Volante to accelerate its ISO 20022 adoption programme in 2022.
Bain Capital reportedly closing in on deal to acquire Envestnet
The potential deal could be announced as early as this week, according to a report by Reuters.
First Federal Bank of Kansas selects Jack Henry for core processing solution
FFBKC aims to leverage Jack Henry’s tech to extend its services to SMBs.
Visa and Mastercard to extend inter-regional interchange fee caps in the EEA until 2029
The payments giants originally agreed to the caps to settle an EU antitrust investigation in 2019.
Netevia secures up to $120m in debt financing from WhiteHorse Capital
The fintech plans to use the funds to “complete key acquisitions” and “rollout new products”.
Andrews Federal Credit Union taps Blend for deposit account opening solution
The solution includes counteroffer and funding capabilities, automated IDV, and banker-to-member engagement tools.
Video: Endava at Money20/20 Europe – The evolution of B2B payments
Endava’s Scott Harkey highlights the latest technological advancements that are revolutionising B2B payments.
