What the FinTech? | S.5 Episode 16 | The future of Web3 technology in financial services
In this podcast episode, we chat with author and financial services executive Rita Martins.
News
Citigroup to sell trust administration services business to JTC in deal reportedly worth $80m
Citi Trust claims $70 billion in AUA across more than 2,000 UHNW clients.
JP Morgan reportedly in talks to replace Goldman Sachs as Apple’s credit card partner
The Wall Street Journal reports that talks between JP Morgan and Apple commenced at the beginning of this year.
Axoni sells Veris post-trade processing business to LSEG
Launched in 2020, Veris operates as a distributed ledger network for equity swaps.
Florida’s EverBank inks $261m deal to acquire Sterling Bank
The acquisition is expected to close in Q1 2025.
UK regtech Novatus Global lands new $40m growth investment for US expansion
The investment builds upon the £4 million the regtech secured from Maven Capital Partners in 2022.
PayFi network Huma Finance raises $38m for on-chain expansion
The San Francisco-based start-up plans to expand its PayFi network on Solana and Stellar.
FinTech Futures: Top five news stories of the week – 13 September 2024
Our pick of the top fintech news stories this week includes UniCredit, Westpac, Mastercard and more.
ICYMI fintech funding round-up: Datricks, PastPay, LineLeap, Kompasbank and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US regulator OCC orders Wells Fargo to shore up AML and risk management procedures
The OCC has barred Wells Fargo from expanding into medium-to-high risk products and geographies without prior approval.
KORT Payments takes over POS provider Barnet Technologies to drive “aggressive expansion”
Barnet provides POS systems for cannabis dispensaries and liquor stores across Canada.
Affinity Plus FCU signs Lumin Digital for online and mobile banking revamp
The platform will deliver spending insights, financial guidance, fraud protection, and other features to members.
Mastercard puts down $2.65bn for AI-powered threat intelligence platform Recorded Future
Insight Partners first acquired the platform in 2019 for $780 million.
Syndicated loan platform Versana raises $26m with plans for global expansion
New York-based Versana has picked up British banking heavyweight Barclays as a new investor.
Webinar | 23 October 2024 | GenAI in financial services – balancing innovation and risk for transformative growth
Join us for an insightful webinar on the transformative power of GenAI for financial firms.
Demystify Podcast: Demystifying the use of GenAI for customer propositions with Uday Akkaraju of Bond.AI
Uday Akkaraju demystifies the use of AI to bridge the gap between consumers and financial institutions.
Financial management software provider to SMEs, Finally, raises $50m equity and $150m debt
Florida-based Finally plans to expand its AI-powered business payments platform across the US.
LLM-powered compliance platform Sedric AI secures $18.5m Series A
Amex Ventures joined the round as a new investor.
FinTech Futures: Top five news stories of the week – 6 September 2024
Our pick of the top fintech news stories this week includes Mastercard, Paylocity, Tarabut and more.
ICYMI fintech funding round-up: Helicap, Cercli, 3forge and Palm
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Alternative investment platform CAIS hires Kan Kotecha as CTO
Kotecha will lead the CAIS engineering team in “building a unified operating system”.
Home equity fintech Unlock bags $30m Series B funding
The start-up has also secured a $250 million capital commitment from D2 to support its origination growth.
Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing
The bank will implement its new partner’s ClearTrade technology from this month.
What the FinTech? | S.5 Episode 15 | FedNow one year on – the growth of RTP in the US
In this podcast episode, we chat with Anu Somani, Head of Global Payables and Embedded Payments at US Bank.
Paylocity to acquire spend management platform Airbase for $325m
The deal is expected to close “in the first or second quarter of fiscal 2025”.
Natixis sells private credit business MV Credit to Clearlake Capital
Upon completion of the deal, Clearlake Capital’s credit business will have over $28 billion in AUM.
MidWestOne Bank taps Temenos for digital onboarding solution
The Temenos Digital Onboarding solution has been deployed by the bank as SaaS on AWS.
E-book: The promise and peril of the AI revolution – managing risk
Download this free e-book to gain further insights into building a resilient AI security programme.
Axway completes €330m acquisition of Sopra Banking Software
SBS CEO Eric Bierry has been named as the new deputy CEO of Axway.
PayPal Ventures leads $15m Series A for Brazilian fintech Ume
The Sao Paulo-based credit platform has also secured a $20 million debt financing facility.
Cartoon: Power
This cartoon illustrates the growing electrical cost that is going to be needed to power up our brave new world.
Canadian fintech start-up Hardbacon closes down
Co-founder and CEO Julien Brault writes that the fintech’s operations are now suspended.
Mastercard to pilot Payment Passkey Service in India
Indian payment players taking part in the pilot include Axis Bank, Juspay, PayU, and more.
Crown Agents Bank partners Visa to power cross-border payments in emerging markets
CAB is integrating its FX network into the Visa Direct system via API.
FinTech Futures: Top five news stories of the week – 30 August 2024
Our pick of the top fintech news stories this week includes FNZ, Stripe, Visa, and more.
ICYMI fintech funding round-up: Linker Finance, Thera, Mercately, Creattura, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
August 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from August.
August 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in August.
Demystify Podcast: Demystifying fintech in the Middle East and Africa with Said Murad of Global Ventures
In this podcast episode, Dave and Dharm chat with Said Murad, Senior Partner at Global Ventures.
FNZ group CEO Adrian Durham to step down
Durham is handing the reins over to former JP Morgan exec Blythe Masters.
