Deadline extended for Banking Tech Awards USA nominations
You now have until Friday 23 February to get your nominations in.
Digital
TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer
The UK-based fintech says the hire marks its latest effort to “spearhead rapid global expansion”.
ID verification fintech Data Zoo appoints new CEO
Charlie Minutella will lead the fintech’s operations from its New York office.
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth 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 – 9 February 2024
Our pick of the top fintech news stories this week includes Worldline, Deutsche Bank, Barclays and more.
Jennifer Taylor joins Plaid as the company’s first president
Taylor joins the fintech from Cloudflare, where she served as CPO for the past seven years.
India’s Juspay acquires LotusPay to enhance payment capabilities
Juspay plans to enhance its offerings for the banking, financial services and insurance industries.
Nepal Clearing House selects ACI Worldwide to power National Payment Switch service
Nepal Clearing House expects to launch its NPS service in Q4 2024.
It’s time for core banking to get real
There are huge opportunities for real-time banking to hyper-personalise banking.
India’s PayU selects Thought Machine’s Vault Core to power LazyPay credit service
Thought Machine says PayU was able to migrate LazyPay to Vault Core in just 12 months.
Pagaya secures five-year $280m credit facility led by BlackRock
The new facility consists of a $255 million term loan and a $25 million revolver.
Puerto Rico’s Segura Bank taps Temenos to power new digital bank
The implementation builds on an agreement previously announced by the pair last year.
Oregon State Credit Union partners Bankjoy for account opening and loan solutions
The credit union has signed for the vendor’s online account opening and online loan application product suite.
Entrust in exclusive talks to acquire ID verification solutions provider Onfido
Reuters reports that the deal could potentially value Onfido at around $650 million.
Duco acquires intelligent document processing start-up Metamaze
Metamaze’s AI-powered tech is capable of automating data extraction from a range of document types.
Société Générale to cut 900 positions at Paris headquarters in elimination of “hierarchical layers”
The French banking group says it will action the cuts “without forced departures”.
Westpac taps Dancerace to upgrade its invoice finance operations
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
Core banking tech challenger Tuum secures €25m Series B to tap new territories
The vendor plans to further establish its market presence in Germany, Austria and Switzerland.
India’s UPI launches in France through collaboration with Lyra Network
The move is a continuation of Indian PM Narendra Modi’s vision of “taking UPI global”.
Commercial Bank of Kuwait to upgrade its payment systems with new Network International partnership
CBK projects that the collaboration will “significantly enhance” its payment operations and continued shift to digital.
Vast Bank exits cryptocurrency market, closes crypto banking mobile app
The bank disabled and removed the Vast Crypto Mobile Banking app from app stores on 31 January.
Raymond James Bank to deploy ICE Mortgage Technology’s lending solution Encompass
The software will support the origination of mortgages for high-net-worth borrowers.
Demystify Podcast: Embracing fintech and the green agenda with vice minister of finance, Lithuania
Lithuania’s ambitious journey in fintech and sustainability with vice minister of finance, Vaida Česnulevičiūtė Markevičienė.
Emirates NBD partners Silent Eight to bolster compliance operations
The banking group says the partnership will enhance its compliance efficiency.
B2B finance automation platform Ramp acquires Venue to revamp procurement product
The value of the Venue acquisition has not been disclosed.
Canoe Intelligence appoints former CIA analyst Noel Calhoun as new CTO
Calhoun joins the fintech from Onsights.io, where he held the role of CTO for just under two years.
Banking Technology Magazine February 2024 issue out now
Cover story: PLANT LIFE – Talking flora and quantum computing.
ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Mexican banking heavyweight Banorte taps SAP Fioneer to launch digital bank Bineo
The app-based offering launched this week with account and lending services.
NatWest’s Mettle names Michelle Prance as new CEO
Prance has been promoted to help “meet the evolving needs of the self-employed community”.
Schroders Personal Wealth announces launch of new investment platform
The proposed platform is set to arrive in the summer, along with a new client mobile app in Q2.
How Lithuania became a fintech hub in Europe
Lithuania’s fintech scene is thriving thanks to an environment that encourages innovation and collaboration.
Offa taps Finova to power new Sharia-compliant property lending platform
The move comes as part of a £1 million investment by Offa to upgrade its IT systems.
UK open banking fintech Kikapay winds down
Douglas Pinteau and Dermot Coakley of WSM Marks Bloom LLP were instated as joint liquidators on 16 January.
Santander names Petri Nikkilä as new Openbank CEO
Nikkilä joins Santander from ING, where he is currently serving as head of global retail transformation.
State of play: payments
Today, consumers have more options than ever to make payments. So which method will ultimately win?
Blackhawk Network inks agreement to acquire Rewards-as-a-Service platform Tango Card
The acquisition, which will combine both parties’ rewards platforms, is expected to close later this year.
Kriya announces new £50m funding facility from Viola Group
Kriya aims to use the facility to enhance its offerings for B2B retailers.
The State of AI in Enablement: 2023 Report
The report takes stock of current AI familiarity, expectations, and challenges among enablement technology users.
Conversational AI platform Kore.ai raises $150m funding to fuel growth
The funding will enable Kore.ai to scale its workforce and further develop its product offering.
