2022: Top five payments stories
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
API
Splitit and Worldline ink North American BNPL deal
Initially, Worldline plans on integrating Splitit into its North American processing platform before expanding into other geographies.
North America fintech funding round-up: Syncfy, Totem and more
Our weekly fintech round-up for you to get the latest funding news from across North America.
Broadridge names Martin Koopman as new chief product officer
In his new role, Koopman will head up the product management team across all of Broadridge’s business units.
Veritex Community Bank taps Finzly to transform payments
The Texas-based bank will utilise Finzly’s Payments Hub solution.
Ohio’s Huntington National Bank teams up with InvestCloud to launch Advisor Connect solution
The new offering is built on InvestCloud’s Find My Advisor technology.
Klarna launches new open banking sandbox initiative
With the initiative, Klarna hopes to accelerate innovation in the development of open banking use cases.
Why zero trust security is central to operational resilience – and regulatory compliance
Designing systems with a zero trust approach built in must become a fundamental step in the security process.
Do banks really need a new core?
What are the main reasons or drivers for changing your core? I can think of a few.
WeGift bags £26m in Series B funding
The funds will be used towards WeGift’s growth, key hires, and adding new features.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
The demise of the 90-day rule and the future of open banking
To make open banking tech a success in the long term, the guarantee of data security must be a continued priority.
Federated banking
Federated technology could offer banks a number of benefits and play a huge role in their internal transformation.
DBS and digitalisation: what the West can learn from the East
“Meaningful innovation is the true litmus test,” says DBS’ Shee Tse Koon.
MoneyGram expands Coinme partnership, launches in-app crypto service
Users across nearly all US states can now trade and store BTC, ETH and LTC in the MoneyGram app.
Blockchain.com partners Visa and Marqeta to launch crypto debit card
The card is available to US residents and will be rolled out to customers in additional countries starting in 2023.
Paytech Form3 lands €23m venture debt facility from Atempo Growth
The funding will enable Form3 to explore potential M&A opportunities and launch in new markets.
Financial super-app Curve partners Salt Edge for open banking compliance
The partnership will enable the app’s 4m users across Europe to continue to make the most of open banking.
US challenger Zenus picks Finxact to power its “global banking platform”
Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform.
Africa’s Cellulant partners Mastercard for online e-commerce payments
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
Open API maturity is slowing due to a lack of industry standardisation
Common business standards are required to enable interoperability of APIs across the financial services sector.
Diebold Nixdorf partners Featurespace for real-time fraud prevention tech
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
UBS strengthens cloud partnership with Microsoft
The bank intends to host more than 50% of its applications on Microsoft Azure.
Video: NatWest at Sibos 2022 – The open banking revolution
We speak with Dan Globerson of NatWest about the bank’s open banking strategy.
B4B Payments at Money20/20 USA: globalising US fintechs for European issuing and payment expansion
B4B Payments will showcase its instant card issuing and payments innovation platform at Money20/20 USA.
US fintechs Brex and MX announce layoffs
Brex is set to lay off 136 employees – approximately 11% of its total workforce.
Sibos 2022: Dynamic duos – giving humans superpowers through AI
When machine learning and human learning come together, that’s when finance sees the greatest benefits.
Sibos 2022: A problem defined is a problem solved – untangling ESG data
With a range of taxonomies, sources and utilities, ESG data is still some way from being standardised.
Video: BIAN at Sibos 2022 – Driving coreless banking
We speak with BIAN’s Hans Tesselaar about the future of coreless banking.
Video: iGTB at Sibos 2022 – The consumerisation of commercial banking
We speak with Uppili Srinivasan of iGTB about how the firm is helping banks meet customer demands.
HSBC turns to Trade Ledger for digital receivables finance capability
HSBC’s approval process for new receivables finance (RF) customers went from two months to two days.
Daily News at Sibos 2022
Download your free copy of the Daily News at Sibos publication today!
Video: Apiture at FinovateFall 2022 – The rise of embedded banking
We chat with Apiture’s Daniel Haisley about the growth and benefits of embedded banking.
Bangor Savings Bank partners Treasury Prime to leverage BaaS offering
Bangor Savings Bank says the partnership will expand its revenue opportunities.
Embedded banking with Metro AG and Vodeno
Brands with large customer bases can use BaaS platform providers to create deeper relationships with customers.
Battle Financial taps Savana for upcoming digital bank offering
Pending regulatory approval, Battle Bank is expected to launch in early 2023.
Multicloud friction shouldn’t be the status quo
Fintech companies can take specific steps to achieve greater multicloud freedom.
Are challenger banks now facing challengers of their own?
For the first time in their short history, the challengers are now being challenged themselves.
How Etcho is aiming to help save the planet through conscious investing
Etcho wants to increase people’s knowledge and awareness of the global impact of their investments.
US fintech start-up Solid lands $63m in Series B funding
The round was led by FTV Capital, with existing investor Headline also participating.
