UK challenger Dozens set to close by end of the month
The Dozens app is set to close by the end of August.
Banking
Singapore’s UNOAsia raises funds ahead of digital bank full launch
The firm is gearing up for the commercial launch of UNO Digital Bank in the Philippines.
Plugging in: financial services in the metaverse
If there’s one industry buzzword this year that is on almost everybody’s lips, it has to be ‘metaverse’.
UK challenger Recognise Bank appoints new CEO, Jean Murphy
Murphy brings more than 25 years’ worth of banking and capital markets experience to the role.
South Africa’s TymeBank to acquire SME funding fintech Retail Capital
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
NatWest’s director of payments leaves to join Bibby Financial Services
Marion King spent over seven years in her role at NatWest.
Cartoon: Dancing in the rain
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Embedded finance: navigating the challenges
There are a few challenges to be aware of before entering the world of embedded finance.
FinTech Futures: Top five stories of the week – 5 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Mansfield Building Society partners DirectID to streamline mortgage applications
Mortgage applicants can now securely provide their bank statements online via open banking.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
XR, banks and rewiring the system
Rewiring the economic system will be a challenge, but I think it’s supercritical.
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.
TAS acquires Italian paytech consultancy Krisopea
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
UK challenger Monument partners Persistent to build digital banking platform
Persistent’s “building block” approach will allow the challenger to add new SaaS components as required.
Arvest Bank hires Ninish Ukkan as new CTO
At Arvest, Ukkan will support its digital transformation by leading the new core banking technology initiative.
Spare me your ‘good conversations’
A good conversation is one that leads to an outcome that isn’t an identical conversation.
African neobank 4G Capital goes live on Mambu’s cloud banking platform
The micro and small business-focused bank is looking to scale across East Africa.
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.
BDCD in banking tech overhaul with BML Istisharat
BML’s ICBS core banking system will replace Sopra’s legacy solution at BDCD.
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.
SC Ventures launches digital onboarding platform Appro in UAE
Appro is designed to reduce application times for a range of banking products from several hours to three minutes.
Ohio’s KeyBank taps Quavo for dispute management platform
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
Regulation and how financial services can stay compliant
Firms are looking to use hybrid, multi-cloud frameworks to manage ever-increasing amounts of data.
What the FinTech? | S.3 Episode 11 | Financial services and the fight against climate change
In this episode of the podcast, we’re joined by NMD+ founder Dave Wallace.
Private equity firms buy stake in India’s Yes Bank as part of $1.1bn capital raise
Carlyle Group and Advent International have both agreed to acquire up to a 10% stake in the bank.
Digital business bank Grasshopper lands $30.4m funding
The fresh capital takes the bank’s total funding to date up to $160 million.
Bank of New Zealand taps NCR for ATM-as-a-Service solution
The move forms part of the bank’s digital transformation efforts.
Danish fintech Ageras buys German neobank Kontist
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth.
Q&A: How IBM aims to support innovation in the fintech sector
FinTech Futures speaks with IBM’s Prakash Pattni to discuss the role IBM plays in the fintech ecosystem.
Treasure Financial and Grasshopper Bank team up to improve financial visibility for businesses
The new platform will allow businesses to optimise the rate they’re generating on their cash balances.
Movement Bank signs for NuPoint core banking tech from CSI
“The process of searching for a new core was rigorous,” says Movement Bank’s president.
MVB Bank live with real-time payments functionality
MVB Bank has become the first live user of the RTP Send functionality offered by Victor Technologies.
How can banks protect the new breed of fraud victims?
Advances in behavioural biometrics technology can help banks catch criminals before they strike.
FinTech Futures: Top five stories of the week – 29 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Dbank gears up for launch in Pakistan, secures $17.6m seed funding
The investment round was co-led by Sequoia Southeast Asia and Kleiner Perkins.
Lloyds Banking Group to close 66 more bank branches
48 Lloyds Bank and 18 Halifax branches are set to shut between October and January of next year.
New group CEO and comprehensive strategic review at Credit Suisse
Ulrich Körner replaces Thomas Gottstein, who is leaving Credit Suisse after 23 years.
Monzo rapped by CMA over failure to provide transaction history data
The challenger informed the CMA it had failed to send transaction histories to more than 13,000 customers.
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.
