ICYMI fintech funding round-up: Hyperline, Nilus, Klearly, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BankingTech
Banking tech news, resources and expert commentary.
SME digital financial services start-up Finom hires OakNorth’s Kristjan Kaar as CPO
Kaar moves from OakNorth Bank, where he also served as CPO for more than three years.
Malaysia grants licences to two new digital banks
KAF Digital Bank and Ryt Bank have been granted licences by the Central Bank of Malaysia.
Unicaja partners with Fiserv to advance payments solutions in Spain
The companies aim to develop new tools that “enhance the omnichannel processing of all payment methods”.
New year, new bank?
In 2025, it feels like we are entering a new era of innovation.
Romania’s CEC Bank set for retail and corporate banking tech overhaul with Temenos
The state-owned bank will also utilise Temenos Payments for domestic and cross-border payments.
Brace yourself: Europe’s payments revolution is here
The IPR coming into force represents a significant shift in the European payments landscape.
Texas-based Prosperity Bank streamlines collections processes with Akuvo
Prosperity Bank operates 285 branches across Texas and Oklahoma and manages around $40 billion in assets.
Say it like you mean it
Collaboration across teams helps with both understanding and transparency in all businesses.
What do financial institutions in CEE, DACH, Nordic, and US markets need to know about cybersecurity in 2025? Finding appropriate responses to evolving threats in various markets
How to prepare for upcoming cyber challenges to stay compliant, secure, and ready for 2025 and beyond.
Jennifer Piepszak named new JP Morgan Chase COO with Daniel Pinto set to retire
Pinto will continue to serve as vice chairman of JPMorgan Chase, before his retirement in 2026.
Goldman Sachs launches Capital Solutions group to grow private credit and equity business
The new group will be led by Pete Lyon and Mahesh Saireddy.
CFPB sues Capital One alleging the bank “misled consumers about its 360 Savings accounts”
The CFPB says its lawsuit seeks to “provide redress for harmed consumers” and “impose civil money penalties”.
Truist COO and vice chair Beau Cummins resigns with immediate effect
A Truist spokesperson describes the outgoing exec as “an instrumental leader”.
Sygnum achieves unicorn status with $58m growth round
Sygnum claims to have achieved operational profitability in FY 2024.
Srini Rajamani appointed CEO of Opus Technologies to spearhead innovation and growth
New CEO Srini Rajamani has a visionary approach and extensive industry expertise in banking and financial services.
MDT promotes Chris Kowal to CEO with Larry Nichols set to retire
Kowal has served as MDT’s chief financial officer since 2008.
NBKC Bank in Missouri joins NCR Atleos’ Allpoint Network
The network will enable NBKC account holders to access 55,000 additional ATMs worldwide.
Canal Road Group boosts direct lending strategy with BMO partnership
BMO will gain a non-voting minority stake in CRG’s management company as part of the deal.
Standard Chartered launches EU digital asset custody unit in Luxembourg
Standard Chartered has named Laurent Marochini as the CEO of the new Luxembourg-based entity.
UniCredit to internalise securities back office with new platform, creating over 200 jobs in Italy and Germany
The platform’s rollout will initially be focused on UniCredit’s German custody services business.
Banking Circle boosts international expansion with acquisition of Australian Settlements Limited
Banking Circle, based in Luxembourg, has operated in Australia through its subsidiary BC Payments since 2023.
BNP Paribas taps Oracle for database management upgrade
BNP Paribas has used Oracle’s tech to manage part of its on-premises databases for over 20 years.
JP Morgan files lawsuits against fellow Viva Wallet shareholder WeRealize and four Viva Wallet board members
The US bank first acquired a 48.5% stake in Viva Wallet back in 2022.
Mashreq Bank completes sale of majority stake in Neopay for $385m
Dgpays and Arcapita formed a consortium to acquire the majority stake in Neopay.
Ally Financial lays off “less than 5%” of total workforce
Ally is also exploring “strategic alternatives” for its credit card business and ending mortgage originations.
Accenture acquires digital twin technology from Percipient to “help banks decouple from legacy systems”
Percipient, based in Singapore, first unveiled the platform in 2020.
Tradition Capital Bank launches credit cards in collaboration with Corserv
The commercial bank has selected Corserv’s account issuer programme to power the offering.
Understanding the assignment
Do you know exactly how much it costs you to run your business?
SBI Holdings reportedly set to acquire majority stake in Solaris as part of new funding round
SBI previously led Solaris’ €96 million Series F funding round in March last year.
Shawbrook reportedly eyeing potential £2bn London IPO in 2025
Sky News reports that Shawbrook’s shareholders are interested in a potential public listing in the first half of 2025.
Scotiabank transfers Costa Rica, Colombia, and Panama banking operations to Davivienda
Scotiabank will receive an “approximate 20% ownership stake” in Davivienda as part of the deal.
Eltropy acquires Canada’s Lexop to modernise collections for credit unions
Eltropy previously acquired both POPi/o and Marsview AI back in 2022.
SC Ventures debuts new invoicing and billing platform Labamu for APAC SMEs
The platform aims to help SMEs “streamline operations, increase sales and access integrated financial services”.
AlRayan Bank launches AlRayan Go mobile banking app in Qatar with Backbase
Backbase says the app is designed to “enhance digital experiences while staying true to Sharia-compliant principles”.
India’s Federal Bank launches digital transaction banking platform FedOne powered by Nucleus Software
The new platform is powered by Nucleus Software’s FinnAxia solution.
Mashreq Pakistan secures SBP licence to begin digital banking pilot operations
Mashreq claims to be the first company to launch pilot operations as digital retail bank in Pakistan.
KBC teams up with Doconomy to boost financial wellbeing for young adults
KBC is to integrate Doconomy’s tailored savings module into its mobile app.
Central Bank of Oman approves regulatory framework for open banking
The CBO says open banking will give consumers “greater control over their financial data”.
Rajat Verma to succeed retiring Surojit Shome as CEO of DBS Bank India
Verma will take on the role from 1 March 2025 following Shome’s retirement on 28 February.
