HSBC goes live with Demica system for trade receivables
Selection to deployment took the two firms just over a year.
Financial Services/Finserv
Chip hires former 10x head of product Tom Evans as new CTO
Evans joins as the saving app gears up for new product launches.
M1 Finance completes $75m Series D funding round
Chicagoan “super app” gains new funding just months after last round.
Digital payments: why they are here to stay
It is not just individuals who are adapting to the shift.
Banking Tech Awards 2020 Winner: Yolt – Best Mobile Initiative
Yolt’s new mobile app: nudge techniques, open banking and smarter personal finance.
PayTech Awards 2021 now open for entries!
Open to financial and payment institutions worldwide, technology and service providers, individuals and teams.
Insurtech Zego lands $150m Series C to join unicorn club
“It is clear that the way people use vehicles is undoubtedly changing”.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
Idman Community Bank opts for BML Istisharat’s ICBS core banking system
The bank was looking for “a proven banking solution to be implemented by a reliable vendor”.
MFS Africa invests in London with all-new executive team
“London has taken up the mantle of fintech advocate and champion.”
Sontiq acquires Breach Clarity to deploy analysis tech
BreachIQ to be integrated with Sontiq’s existing product suite.
What are the odds…
Are the successful fintech entrepreneurs singing to themselves, “the odds are that we will probably be alright”?
Amazon expands pay-with-hand tech, pushes on with digital currency
Amazon hopes to contract out the pay-with-hand technology to third parties.
Nigerian fintech Flutterwave lands unicorn status with $170m Series C
It is one of the few African start-ups to have secured more than $200 million in funding.
MoneyGram and Ripple end partnership deal two years early
The two firms wind down their deal amid regulatory issues.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
Suez Canal Bank extends Temenos partnership with Infinity deal
The bank is an existing user of Temenos’ core banking platform.
Chase Pay merchant integration officially winds down this month
The Chase Pay button was used by retailers such as Walmart.
Santander picks Planixs tech to power liquidity management
Spanish multinational to deploy Planixs’ Realti system.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
Payfazz invests $30m in Xfers to form Fazz Financial Group
FFG aims to develop solutions for the underbanked in Southeast Asia.
KYC: a revolution towards positive change
I realise I had to work twice as hard to break through some of the glass barriers, perceptions and biases.
Flagstar Bank suffers data breach as employee data posted online
A zero-day vulnerability left Flagstar’s data exposed to cybercriminals.
UK’s CMA launches consultation into OBIE successor
The CMA asks firms to send in suggestions before 29 March.
Why do women still think they need to be palatable?
Lack of attention to certain stories inflicts grave damage on how marginalised people tell theirs.
Paysafe inks Azure cloud deal with Microsoft
The two firms extend an existing tech partnership.
Dozens hires new CTO from energy firm Kingo
Peter Kasprowicz is a “rare” direct hire from the Guatemalan firm
Minu raises $14m to provide on-demand salary payments in Mexico
Minu has raised $20 million since 2019, and plans an expansion in its home country.
Looking after the health of your ATM fleet in a futuristic way
Setting a new standard for banking self-service solution performance.
Why fintech needs more mentors
Mentorship, in its many forms, is a powerful force.
Fintech funding deals globally 1-7 March 2021
Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.
Starling raises £272m to land unicorn status with £1.1bn valuation
The capital will boost Starling’s lending, launch Starling in Europe, and underpin M&A.
Women in fintech: Skewed numbers, vain assumptions, and investor bias
FinTech Futures has gathered insights from women across the global fintech industry.
EBA shuts down email systems after damaging cyberattack
EBA affected by global infection of Microsoft Exchange servers.
International cash transfer app Rewire lands $20m led by OurCrowd
Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.
Crealogix boosts executive team with three new hires
Thomas Roth, Michael Radic, and Sebastian Krahe all join.
Xero makes second acquisition in eight months with Planday
Xero plans on closing its latest acquisition in March 2022.
Canadian Western Bank deploys new Temenos SME product
CWB extends a partnership with Temenos that stretched back to 2012.
ATON picks Profile Software’s Axia to digitise its front office
Axia is deploying on top of ATON’s in-house system.
