India’s RBI orders Kotak Mahindra Bank to cease onboarding new customers digitally
The bank will continue to provide services to its existing customers.
Risk Management
Encompass Corporation promotes VP Stuart Barnard to CFO
Barnard is to take “ultimate responsibility” for the UK regtech’s global finance and business operations.
UK regtech ComplyAdvantage snaps up Golden to strengthen financial crime intelligence offering
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Payflows emerges from stealth with €25m Series A funding
The Paris-based start-up has been in stealth mode since 2022.
Monese to split business in two amid mounting financial woes
The UK-based fintech has enlisted Interpath Advisory to assist in the internal restructuring.
The essential buyer’s guide for risk orchestration software
Crucial insights for fintechs seeking risk orchestration platform vendors to streamline their customer lifecycle and regulatory screening.
Wells Fargo to integrate AI into trade finance operations with TradeSun
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
Temenos review brands Hindenburg Research allegations “inaccurate and misleading”
Temenos’ board chair says the review “reinforces the board’s view that Temenos is running a sound business”.
Nuvei lands Singapore MPI licence for APAC expansion
The licencing follows the paytech’s $6.3 billion acquisition by Advent International.
UK fintech Gresham Technologies to be acquired by STG Partners for £147m
The acquisition is expected to close by the third quarter of 2024.
Kneip names ABN Amro Investment Solutions exec Elisa Alonso Sanz as new CEO
Sanz will succeed Enrique Sacau, who has served in the position since 2020.
CFPB publishes new report highlighting risks related to financial transactions in video games
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
PostFinance overhauls disputes management tech with new Rivero collaboration
The arrangement will see the bank leverage the Zurich-based start-up’s SaaS solution Amiko.
MAS unveils new Cosmic platform to help banks defend against terrorism financing and money laundering
Cosmic was co-developed by MAS and six banks – Citibank, DBS, HSBC, OCBC, UOB, and Standard Chartered.
Aussie automotive fintech AutoSettle names Jason Van as new CEO
The new CEO has been tasked with leading the start-up’s “next phase of growth and innovation”.
Former Goldman Sachs director Swati Bhatia joins Santander Bank as head of retail banking and transformation
Bhatia counts the likes of Stripe, PayPal and Capital One among her previous employers.
Westpac set to invest billions of dollars to fuel bank-wide tech overhaul
Westpac’s current stack “isn’t older or less capable than peers… we just have too much of it”, according to its CEO.
Risk management specialist Abrigo snaps up TPG Software for investment accounting tech
The acquisition will boost the growth of Abrigo’s existing suite of technical accounting solutions.
UK regtech Encompass Corporation appoints Neil Acworth as new CISO
Acworth’s appointment follows Encompass’ recent acquisitions of CoorpID and Blacksmith KYC.
Video: AtData at Fintech Meetup 2024 – Fraud detection and prevention
At Fintech Meetup, we sat down with AtData to discuss how companies can strengthen their fraud detection strategies.
UK regtech GSS lands £37m in Series A2 funding round
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
Baader Bank modernises regulatory trade and transaction reporting with Broadridge
Baader Bank already uses Broadridge’s solutions for trading and market connectivity, and order management.
Digital identity specialist Signicat acquires Icelandic counterpart SmartWorks
SmartWorks is Signicat’s sixth acquisition since the arrival of new owner Nordic Capital, in 2019.
What the FinTech? | S.5 Episode 4 | The future of digital identity
In this episode of the podcast, we’re joined by Pinar Alpay, Chief Product and Marketing Officer at Signicat.
April taps Dutch fintech Ohpen to power its UK mortgage offering
The London-based lender provides longer term fixed-rate mortgages and soft launched last month.
Integrated Finance partners KYP for data intelligence and risk monitoring tech
KYP will provide Integrated Finance with onboarding, screening and transaction monitoring tech.
Stax Payments founders launch business credit decisioning platform Worth AI
Sal Rehmetullah and Suneera Madhani will act as co-CEOs of the start-up, which is set to launch this month.
JP Morgan Chase hit with $348m in fines related to its trade surveillance programme
The fines were issued by the the Office of the Comptroller of the Currency and the US Federal Reserve.
eBook: Beyond the basics – a C-suite checklist for banking security strategy
Explore expert strategies to secure banking apps and get a detailed checklist for bolstering security measures.
JP Morgan leads €36m Series B raise for Dutch start-up Eye Security
The start-up now plans to expand across Europe with a focus on the EU’s incoming NIS2 directive.
Video: Taktikal at FinovateEurope 2024 – Onboarding amid ever-changing compliance requirements
We sat down with Tinna Hallbergsdóttir of Taktikal to discuss the firm’s innovative approach to onboarding.
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.
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.
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.
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”.
FinovateEurope 2024: Digital transformation, shifting customer expectations and Africa’s fintech growth
Influential figures from across the financial industry assembled in London for the final day of FinovateEurope.
Report: The state of AI in banking, featuring research from Forrester
Learn about the experiences thus far in AI integrations and glean insights for future decision-making.
Bank Danamon partners Helicap to bring growth capital to Indonesia’s financially underserved
The duo are hoping to create a “one-stop solution” for non-dilutive growth capital.
ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Demystify Podcast: Modelling climate change risk with Lukky Ahmed of Climate X
In this latest podcast episode, Dharmesh and Dave talk with Lukky Ahmed, co-founder and CEO of Climate X.
