Saudi BNPL firm Tamara raises $100m Series B
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
API
BankProv and Republic partner to offer escrow accounts to capital-hungry firms
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
Investment platform Vyzer taps Salt Edge for open banking API solution
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
North International Bank selects Temenos to modernise digital banking services
The Caribbean bank has gone live on Temenos Banking Cloud.
Banks, broccoli and the peril of going out of date
Like broccoli, a bank can go out of date before anybody realises.
Marqeta founder and CEO Jason Gardner to step down
Gardner plans to take on the role of executive chairman once the firm hires his replacement.
ANZ New Zealand selects FIS for core banking upgrade
The firm will be the first bank outside the US to utilise FIS’ Modern Banking Platform.
Composing the future of banks
Flexibility, agility and innovation are core competencies that will keep banks competitive through the next decade.
Yes Bank taps IBSFintech to digitise services for corporate clients
The partnership aims to enable paperless communication across treasury and trade finance processes.
Income verification platform Truework lands $50m Series C funding
Truework says the funds will support its product development and hiring plans.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
Embedded finance: navigating the challenges
There are a few challenges to be aware of before entering the world of embedded finance.
Geopagos lands $35m to expand Latin American footprint
Geopagos says the round marks its first institutional financing.
The Co-operative Bank taps Finastra for treasury infrastructure upgrade
The bank is moving its treasury activities to the cloud with Finastra’s Kondor solution.
Arvest Bank hires Ninish Ukkan as new CTO
At Arvest, Ukkan will support its digital transformation by leading the new core banking technology initiative.
Data and payments fintech Moneyhub appoints David Firth as product director
Firth joins from Mastercard, where he helped build out the firm’s open banking solutions.
Financial software vendor Savana closes $45m Series A round
The funds will be used to support the growth of the company’s Digital Delivery Platform.
Open finance firm MX hires former PayPal exec Jim Magats as CEO
Magats will start his new role on 17 August and will also join the firm’s board of directors.
Low-code development platform Genesis lands $20m funding from BofA, BNY Mellon and Citi
The company secured $200 million in a Series C round led by Tiger Global earlier this year.
Composable banking beyond the core
Composable banking allows FIs to simplify a perennial tech challenge: systems integration.
Germany’s Airbank taps Klarna Kosma for open banking platform
Klarna Kosma’s open banking offering will provide Airbank access to an international network of banks.
India’s M2P Fintech snaps up digital identity platform Syntizen
This is M2P Fintech’s third acquisition in 2022 alone.
Tax automation platform Fonoa raises $60m Series B
Cash will go towards doubling the company’s headcount and expanding into new markets.
FinTech Futures Jobs: Is remote working causing a workquake?
It turns out lots of us really like working from home.
Pennyworth partners Moneyhub for financial planning tool
The offering is targeted towards those with salaries between £40,000 and £150,000.
ICYMI fintech funding round-up: TurnKey Lender, FairPlay, Bloom & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
New cross-border payments and digital banking platform KwikPaisa launches in India
The platform will allow users to make payments anywhere in the world.
How to deliver effective transformation with fintechs
Banks are increasingly interested in partnering with B2B fintechs to enable quicker digital transformation.
Banking tech start-up Zeta hires Karla Booe as chief compliance officer
Booe previously spent over 27 years at FIS as the firm’s deputy chief compliance officer.
Finastra and HSBC partner up to deliver BaaS FX offering
The firms say the move will enable banks to embed FX services “directly” into corporate and branch channels.
Digital banking tech firm Apiture lands $29m funding
The investment brings the company’s total funding raised since its inception in 2017 to $69 million.
US fintech funding round-up: Finalis, Quiltt and Realfinity
A handy Friday funding round-up of US-based fintech start-ups: Finalis, Quiltt and Realfinity.
Neobank Kinly taps open finance fintech MX for data aggregation solutions
Kinly says it will leverage clean data and personalised financial alerts from MX to help Black American communities.
Mojaloop: the open source software powering payments for the unbanked
FinTech Futures chats with Kim Walters, who led the building of Mojaloop’s software from the ground up.
US banking start-up BetaBank taps Finxact for cloud-native core
Chicago-based BetaBank submitted its banking charter application in April this year.
Recognise Bank taps TruNarrative for digital customer onboarding solution
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
India’s M2P Fintech snaps up cloud lending firm Finflux
M2P Fintech plans on rolling out lending products “that are secure, scalable and cloud-ready”.
Cross-border salary payments platform Kadmos nets €29m Series A
The new funds will be used to grow its 30-person team and for further product development.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Linkbancorp taps Jack Henry for digital banking and lending upgrade
Linkbancorp will look to utilise Jack Henry’s Banno Digital Platform and LoanVantage offerings.
