Rabobank partners French fintech Dejamobile for merchant SoftPOS solution
The partnership will enable the bank’s merchant clients to accept payments on their mobile phones.
News
Bank of Singapore hires former Credit Suisse exec as Greater China COO
Ronnie Cheung will lead operations and governance for the private bank’s Hong Kong branch.
UK cash deposit platform Flagstone lands £108m investment from Estancia Capital Partners
As part of its investment, Estancia Capital Partners will take a minority stake in the company.
US neobank Oxygen switches focus from banking to health in new strategy
Consumers and business users have been informed that their accounts will be closed on 29 March.
Griffin receives full UK banking licence and $24m investment to spur growth
The licence approval from the FCA and PRA ends the platform’s year-long mobilisation period.
US Federal Reserve “nowhere near recommending, let alone adopting” a CBDC, chairman tells Congress
Fed chairman Jerome Powell tells Congress that “people don’t need to worry”.
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.
Razer Fintech and Razer Merchant Services rebranded to form standalone subsidiary Fiuu
Fiuu will now operate independently of Razer, providing payment services for businesses in Southeast Asia.
NorthWall Capital partners Broadridge for Sentry portfolio management solution
The UK-based firm will leverage Sentry to streamline and scale its credit investment operations.
Colombia’s Yuno plots expansion following $25m Series A round
The round reportedly values the Bogotá-based fintech start-up at $150 million.
Cartoon: Hold, please…
AI tech is reducing the likelihood that any of us will soon talk to a live customer support agent.
FinTech Futures: Top five news stories of the week – 8 March 2024
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
US digital bank Green Dot hires Melissa Douros as new CPO
The new CPO will head product design and team development for the Texas-based fintech.
Qonto snaps up finance automation start-up Regate to bolster accounting services
The acquisition will enable Paris-based Qonto to expand its offering to accounting firms.
FinTech Founders Video: driving change and empowering women in fintech
Founders from The Heard, ATMO Technologies and the Harrington Starr Group share their thoughts.
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
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.
CFPB to cap credit card late fees at $8 and increase accountability among issuers
The new limit is poised to save US consumers more than $14 billion a year.
Nick Parsons named new Calastone chief technology officer
Calastone has also hired Adam Belding as chief architect of its Digital Investments programme.
Video: KoreFusion at FinovateEurope 2024 – Payment innovation’s role in emerging markets
At FinovateEurope 2024, we sat down with Daniel Ben-Aron, vice president of APAC at KoreFusion.
Finastra appoints Mike Stawchansky as new senior VP and CTIO
Stawchansky will be responsible for guiding the firm’s customer technology and GenAI development plans.
New York Community Bancorp secures $1bn equity boost following Q4 2023 losses
NYCB has also made several high-profile appointments to its board of directors.
Société Générale deploys iGTB’s Corporate Treasury eXchange solution
The French bank plans to leverage CTX’s real-time liquidity management capabilities.
Nationwide Building Society set for £2.9bn takeover of Virgin Money
The deal has yet to be finalised and Nationwide has until 4 April to put a final offer forward.
US neobank Dave achieves profitability over Q4 2023
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Demystify Podcast: Next-generation financial services with Charlie Platt of SAP Fioneer
In this podcast episode, Dharmesh and Dave talk with Charlie Platt, Managing Director of Banking at SAP Fioneer.
Enfuce appoints new CPTO to help accelerate global expansion plans
Enfuce recently appointed Laurence Krieger as chairman of its UK board and was granted a UK EMI licence.
UK fintech Ebury reportedly in talks with banks over potential 2025 LSE debut
Sources tell Bloomberg the payment platform could list in London next year with a valuation of up to £2 billion.
Egypt’s Alexbank partners Mastercard to advance payments strategy
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Qatar Central Bank to enable instant payments with new Fawran service
Fawran is due to launch in March and forms part of the bank’s Third Financial Sector strategy, announced last year.
Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
Fiserv reportedly in the running to acquire Shift4 Payments
According to a recent Reuters report, final bids for a potential takeover are due to arrive in the coming weeks.
US paytech Spreedly appoints Peter Dougherty as new president
Dougherty will oversee the firm’s go-to-market operations, including sales, marketing, and partnerships.
UK challenger OneBanx appoints Javed Anjum as new CEO
Anjum’s joins directly from the Glory Group, where he served as innovation programme director.
Mexico’s Ziff acquires digital lending start-up Arrenda
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
Deel acquires Africa-based payroll company PaySpace
Deel says it has also surpassed $500 million in annual recurring revenue since its inception in 2019.
CGS International in Singapore taps Broadridge for securities finance platform
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Banking Technology Magazine March 2024 issue out now
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
BaaS vendor Synctera lands additional $18.6m Series A cash injection
Going forward into 2024, Synctera plans to launch its new payment product SyncteraPay.
Monzo’s valuation tops $5bn with $430m Alphabet-led funding round
The round was led by Alphabet’s independent growth fund, CapitalG.
