US Federal Reserve “nowhere near recommending, let alone adopting” a CBDC, chairman tells Congress
Fed chairman Jerome Powell tells Congress that “people don’t need to worry”.
News
Video: Kern AI at FinovateEurope 2024 – The importance of data-centric RAG
At FinovateEurope 2024, we spoke with Johannes Hötter, CEO and co-founder of Kern AI.
Razer Fintech and Razer Merchant Services rebranded to form standalone subsidiary Fiuu
Fiuu will now operate independently of Razer, providing payment services for businesses in Southeast Asia.
Cartoon: Hold, please…
AI tech is reducing the likelihood that any of us will soon talk to a live customer support agent.
FinTech Futures: Top five news stories of the week – 8 March 2024
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
US digital bank Green Dot hires Melissa Douros as new CPO
The new CPO will head product design and team development for the Texas-based fintech.
FinTech Founders Video: driving change and empowering women in fintech
Founders from The Heard, ATMO Technologies and the Harrington Starr Group share their thoughts.
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Video: Intrepid Fox at FinovateEurope 2024 – When KYB meets GenAI
We sat down with Roman Zilber of Intrepid Fox to discuss the intersection between KYB and GenAI.
CFPB to cap credit card late fees at $8 and increase accountability among issuers
The new limit is poised to save US consumers more than $14 billion a year.
Video: KoreFusion at FinovateEurope 2024 – Payment innovation’s role in emerging markets
At FinovateEurope 2024, we sat down with Daniel Ben-Aron, vice president of APAC at KoreFusion.
New York Community Bancorp secures $1bn equity boost following Q4 2023 losses
NYCB has also made several high-profile appointments to its board of directors.
US neobank Dave achieves profitability over Q4 2023
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Demystify Podcast: Next-generation financial services with Charlie Platt of SAP Fioneer
In this podcast episode, Dharmesh and Dave talk with Charlie Platt, Managing Director of Banking at SAP Fioneer.
Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
Fiserv reportedly in the running to acquire Shift4 Payments
According to a recent Reuters report, final bids for a potential takeover are due to arrive in the coming weeks.
US paytech Spreedly appoints Peter Dougherty as new president
Dougherty will oversee the firm’s go-to-market operations, including sales, marketing, and partnerships.
Mexico’s Ziff acquires digital lending start-up Arrenda
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
Deel acquires Africa-based payroll company PaySpace
Deel says it has also surpassed $500 million in annual recurring revenue since its inception in 2019.
CGS International in Singapore taps Broadridge for securities finance platform
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Banking Technology Magazine March 2024 issue out now
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
BaaS vendor Synctera lands additional $18.6m Series A cash injection
Going forward into 2024, Synctera plans to launch its new payment product SyncteraPay.
PayPal extends payment options for online SMEs with new solution
PayPal Complete Payments launches this week to online sellers in 22 markets worldwide.
California’s Edwards Federal Credit Union taps Apiture for consumer banking solution
The 62-year-old credit union has around 12,500 members across California’s Antelope Valley region.
What the FinTech? | S.5 Episode 3 | Quantum computing in financial services
In this episode of the podcast, we’re joined by Dr Philip Intallura, Head of Quantum Technologies at HSBC.
Online pension provider PensionBee announces US expansion plan
PensionBee is partnering with an unnamed US financial institution to enter the US market.
Treasury Prime trims workforce amid strategic pivot to focus on direct-to-bank partnerships
The pivot comes a year after the firm completed a $40 million Series C fundraising round.
Cartoon: Incumbency advantage
A new cartoon illustrating the dominate position of incumbents in the financial services industry.
Mexican microlending start-up Baubap secures $120m in debt financing
The fintech intends to leverage the debt financing to extend its lines of credit to the underserved.
ICYMI fintech funding round-up: Embat, Slice, NayaOne, MoneyHash and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 1 March 2024
Our pick of the top fintech news stories this week includes Webull, Citi, Blackstone, Enfuce and more.
VyStar Credit Union partners NCR Atleos for Allpoint ATM Network access
The Allpoint Network currently supports around 40,000 ATMs across the United States.
Green Dot receives proposed consent order from US Federal Reserve
Green Dot says the consent order relates “principally to various aspects of compliance risk management”.
Stax Payments announces Mark Sundt as new chief technology officer
Sundt succeeds Chris Staymates, who will return to his role as Stax’s chief innovation officer.
Webull set for Nasdaq public listing via $7.3bn SPAC merger
The merger between Webull and SK Growth Opportunities is due to close in H2 2024.
Northern Trust taps Finbourne Technology for data management solutions
Northern Trust will leverage Finbourne’s LUSID and Luminesce offerings.
Citi names former JP Morgan exec Viswas Raghavan as new head of banking
Raghavan is due to take charge of the group’s investment, corporate and commercial banking unit.
Cross River Bank Group launches new investment banking unit
The group’s new investment banking unit will be co-led by Benjamin Samuels and Henry Pinnell.
Blackstone buys $1.1bn of US credit card debt from Barclays
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
BNY Mellon names Gary Delaney as new international CISO
Delaney will report to Matthew McCormack, who leads the bank’s Information Security Division.
