GFT Technologies names Ian Oswald as new executive director
Oswald joins GFT from EY, where he was a partner in the company’s technology consulting team.
The latest fintech news, resources and expert analysis in Germany by the leading intelligence provider for the worldwide fintech community.
Oswald joins GFT from EY, where he was a partner in the company’s technology consulting team.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BaFin has extended its monitoring of Deutsche Bank until 30 October 2024.
The Frankfurt-based commercial bank has adopted the vendor’s DOKA-NG solution.
The bank also plans to renovate more than 1,700 existing locations across the US.
The German investment bank says the cuts will mainly apply to “non-client-facing areas”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The acquisition will see GFT take on all of Sophos’ partners and 1,700 of its employees.
Mondu’s credit facility with VVRB now stands at €50 million following an earlier deal in 2022.
Shearer previously served as group head of compliance product management at HSBC.
The new joint venture, Commerz Globalpay, is expected to launch in H1 2024 and will be based in Frankfurt.
The raise follows on from the company’s $180 million Series E round in June 2021.
Liberis plans to go live in Canada, Germany and Poland in 2024.
The new licence means the firm can now offer essential banking services such as deposits and lending.
The fine relates to alleged AML failings over a period between 2021 and 2022.
With the new licence, Commerzbank aims to build up a range of digital asset services, with a focus on crypto assets.
The challenger bank wants to focus its efforts on its “core markets”, namely Germany, France, Spain and Italy.
Wefox plans to boost its global expansion efforts, with a focus on mergers and acquisitions.
The acquired solutions will boost the development of EPI’s digital wallet Wero, which is launching next year.
The bank is reportedly planning to close around 250 of its 550 Postbank branches within the next three years.
McDonagh is to assume the position from 1 January 2024, taking over from interim group CEO David Blumer.
With the new facility, Uncapped aims to expand its reach and provide more digital businesses with access to financing.
With the new facility, Iwoca plans to meet the “growing demand” among SMEs for working capital.
Upvest has also partnered BlackRock in a bid to make investing “more accessible” for investors across Europe.
Raisin claims to have experienced a “steep growth curve” amid interest rate hikes and a “savings rush”.
Deutsche Börse first announced the acquisition in April as a means of developing its investment management business.
Drivers will be able to complete refuelling payments via an in-car fingerprint scanner.
According to the Financial Times, Solaris is looking to raise €100m to fulfil its credit card deal with ADAC.
France-based Swan will be launching in the Netherlands and Italy.
BianRosa is to assume a position on the bank’s supervisory board from this month.
A potential deal would align with the bank’s continued development of its wealth services over the past year.
The Valar Ventures-led Series A comes just weeks after a €7.7 million seed funding round led by Creandum.
PandaDoc clients can now “manage, collect and report on invoices alongside their contracts, all in one location”.
With the stake, Auxmoney plans to build upon its “continuous organic growth” of recent years.
Folz joins CloudPay from the German credit institution Solaris SE, where he served as CEO from 2017 to 2023.
The integration is also set to extend to Naga’s e-payments solution, Naga Pay.
Rcloud was the result of Regnology’s November 2022 partnership with Google Cloud.
Computop’s founders, Frank Arnoldt and Ralf Gladis, previously held 50% of the company’s shares each.
The firm has appointed a new chief product officer, chief of staff, and head of marketing.
Kozole, who will begin her new role later this year, has spent the last 17 years at UniCredit Group.