US start-up Payabli raises $20m in Series A funding round led by QED Investors
The payments infrastructure firm will use the new funds to fuel product development and customer acquisition.
North America
Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree serves the Canadian alternative mortgage sector through the broker network.
Raiffeisen Bank International opts for Surecomp’s collaborative trade finance platform
The Austrian bank will utilise RIVO to digitise its processes for guarantees and letters of credit.
ICYMI fintech funding round-up: Ximple, Hero, Curve, Chift and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Washington’s Industrial Credit Union selects Mahalo Banking to enhance digital banking experience
The partnership seeks to “deliver an optimised member-centric experience”.
Brazil’s Nubank buys AI-powered data intelligence start-up Hyperplane
Nubank plans to harness Hyperplane’s AI expertise to enhance its core machine learning capabilities.
Frost Bank in Texas taps Finzly for instant payments
The San Antonio-based bank has deployed the vendor’s single API instant payments platform.
US regtech start-up Norm Ai raises $27m Series A funding
The investment brings the total raised by Norm Ai over the past 11 months to $38 million.
Mashreq to roll out Flexcube core banking system across global operations
Flexcube will be implemented at Mashreq’s international hubs in Hong Kong, the US and the UK.
Canada’s Vancity taps Intellect Design Arena for digital engagement upgrade
Vancity has selected the vendor’s DEP and CBX solutions to digitise member engagement.
Bank Midwest launches new digital bank for US healthcare industry powered by Finastra
Bank Midwest says OnePlace.bank will be “a natural progression” of its OnePlace Capital division.
iBusiness Funding snaps up Funding Circle’s US business for £33m
Funding Circle first announced the planned sale in March and expects to close the transaction this month.
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New start-up Fideo Intelligence launches offering data-driven fraud-fighting solutions
The start-up operates under identity resolution SaaS platform FullContact.
PayPal hires Srini Venkatesan as new CTO
Venkatesan succeeds Archie Deskus, who has served as CTO for the past eight months.
Global Payments acquires UK’s Takepayments for undisclosed sum
Global Payments has reportedly been eyeing up the purchase since February.
Verituity secures $18.8m round led by Forgepoint Capital and Sandbox Industries
Sandbox Industries’ chief Chris Zock is to join Verituity’s board of directors.
Fiserv appoints former JP Morgan Payments head Takis Georgakopoulos as new senior advisor
Georgakopoulos left his role as global head of JP Morgan Payments earlier this month.
US start-up Gynger completes $20m Series A and lands $100m debt facility
Gynger’s Series A was spearheaded by PayPal Ventures.
Tradeweb unveils leadership changes in wake of president departure
President Thomas Pluta served on Tradeweb’s board for over six years.
ICYMI fintech funding round-up: Ramify, Hawk, Cadana, Prosper and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Mexican fintech unicorn Clip lands $100m investment
Clip retains its $2 billion valuation following the round.
BaaS fintech Unit to reduce workforce by 15%
The cuts are in response to “slower than expected revenue growth”.
Nium tapped by Air France and KLM for payments solution
The airlines are set to deploy Nium’s Airline Payments solution, starting in Italy.
Abacus Group acquires Tribeca Technology Group to strengthen UK presence
The acquisition follows Abacus’ GoVanguard purchase last year.
DZ Bank partners Surecomp for collaborative trade finance platform
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
Apple to discontinue pay later service in the US
Apple Pay Later first launched in the US 15 months ago.
US Federal Reserve Board issues cease and desist order against Evolve Bank
The bank is alleged to have “engaged in unsafe and unsound banking practices”.
US fintech Momnt names Chris Bracken as new CEO
Bracken succeeds co-founder Barclay Keith, who is stepping down after over five years.
JP Morgan and WeRealize settle Viva Wallet lawsuit
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
The future of fraud detection: how AI revolutionizes your bottom line
Building a proactive fraud shield with AI for unstoppable banking.
Payzli in search of new CEO amid leadership restructuring
Arash Izadpanah will transition from CEO to chief risk officer.
Blockchain infrastructure platform Paxos to reportedly cut 20% of workforce
Paxos currently claims a balance sheet of $500 million.
Shift4 snaps up majority stake in German POS firm Vectron Systems AG
Shift4 plans to buy “additional ownership of Vectron” through a public tender offer.
Merrick Bank partners Kompliant for digital merchant onboarding
The merchant acquirer is to utilise the vendor’s workflow automation tools.
ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US rental fintech Stake acquires Circa in $9.5m deal
The cash and stock deal was completed earlier this month.
Agora acquires Clearshift’s real estate division
Clearshift is to continue managing the division’s payment and compliance functions.
Bill Huffman named new CEO at US asset manager Nuveen
Huffman succeeds Jose Minaya, who held the position for over four years.
Citi extends USD Clearing service to Middle East in partnership with Emirates NBD
Emirates NBD plans to extend the service to all its 853 branches across the world.
