Eastnets migrates Swift and sanctions screening infrastructure to Microsoft Azure
Eastnets is one of the first Swift bureaus to migrate its full infrastructure for the Americas to the cloud.
Banking
Al Busairi Bank opts for ICS Banks core banking system
The new microfinance bank will implement the ICS Banks Islamic core banking system from ICSFS.
UBS buys Credit Suisse in government-backed deal
The new business entity will be worth more than $5 trillion, with invested assets worth more than $1.5 trillion.
Rippling raises $500m following collapse of banking partner SVB
The Series E values the firm at $11.25 billion, the same as the company’s Series D in May last year.
Vietnamese digital bank TNEX seeks new CEO as Bryan Carroll steps down
Carroll says he will instead take up a position on the company’s board.
Last chance to shine: PayTech Awards 2023 nominations deadline extended
The nominations deadline has been extended to 24 March 2023. Submit today!
Central banks of UAE and India partner for cross-border CBDC testing
The central banks will conduct joint proof of concept and pilots of bilateral CBDC cross-border transactions.
Saudi BNPL firm Tamara lands $150m debt facility from Goldman Sachs
The receivables warehouse facility will help Tamara finance the accelerating demand for its flagship BNPL product.
SVB Financial Group files for bankruptcy protection in the US
Subsidiaries SVB Securities and SVB Capital are not included in the filing and continue to operate.
Video: FinovateEurope 2023 highlights
Take a look at our highlights video from FinovateEurope 2023 in London.
FinTech Futures: Top five stories of the week – 17 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US corporate card start-up Parker secures $157m in equity and debt funding
Parker will invest in its product offering as it aims to expand across the US in 2023.
South Africa rolls out PayShap, a new real-time digital payments service
With PayShap, consumers will have access to instant, real-time payments across participating banks.
FinTech Futures Jobs: Did you know learning Python is a great idea for your fintech career?
Explore thousands of open roles on the Fintech Futures Job Board today.
ABN Amro deploys Infosys Finacle’s liquidity management solution for corporates
ABN Amro’s corporate customers can now better identify, manage, and enhance liquidity positions “on the go”.
ICYMI fintech funding round-up: Synctera, Natech, Basiq, Payabli
Our weekly fintech round-up for you to get the latest funding news from around the world.
Loyalty matters… enter embedded banking
Many big brands are now looking at embedded banking as a way to boost customer loyalty.
Dominican Republic’s first neobank launches on Temenos Banking Cloud
Qik’s CEO says they chose Temenos owing to its “successful track record” across Latin America.
Trade finance industry body ITFA sets up fraud prevention working group
The group will be co-chaired by representatives from the banking sector as well as from fintech firm MonetaGo.
Stripe raises $6.5bn in funding at reduced valuation of $50bn
In March 2021, the fintech landed $600 million in funding, confirming a valuation of $95 billion.
UK Spring Budget 2023: the fintech sector reacts
FinTech Futures hears from UK business leaders on how the Spring Budget impacts the fintech sector.
Swiss start-up Grow Bank aims to bring crypto and fiat currencies under one roof
Grow aims “to link the traditional banking structure with a product of the decentralised finance ecosystem”.
A day at the circus
The last few years have shown us that the arrogant, ‘I will take over the world’ founder… didn’t.
Global paytech Ingenico names Laurent Blanchard as CEO
Laurent Blanchard replaces Ingenico’s co-CEOs Gerrard Schmid and Rolf Stangl.
Hong Kong’s Livi Bank launches Livi Business for SMEs
Livi Business offers SMEs and entrepreneurs access to “fast, simple and personalised” financial services.
Paymentology partners Fondeadora to expand Mexican payment services
Thanks to Paymentology, the Fondeadora app will enjoy faster transaction processing and advanced security.
Noda taps ThetaRay for Sonar AML solution
ThetaRay’s Sonar will help Noda stay up to date with shifting compliance regulations.
Bank of Africa UK migrates to Oracle cloud
Bank of Africa UK’s new core banking system, Temenos Transact, will run on the Oracle cloud.
US regulators shutter New York’s Signature Bank following SVB collapse
Signature Bank is a large lender in the cryptosphere.
Egypt’s Banque Misr inks payments partnership with Mastercard
The partnership will see Mastercard equip Banque Misr with the latest digital payment technologies.
HSBC snaps up beleaguered Silicon Valley Bank UK for £1
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
What the FinTech? | S.4 Episode 4 | The rise of CBDCs
In this episode of the podcast, we’re joined by Nicholas Soo of HSBC to discuss the future of CBDCs.
Scottish challenger for SMEs Alba lands banking licence
The bank has been granted an Authorised with Restrictions (AwR) licence by the UK’s PRA and FCA.
Tintra to set up banking hub in Rwanda for new emerging markets bank
Tintra is in the process of establishing a subsidiary and applying for a licence with the National Bank of Rwanda.
Toby Mason joins Bermuda Monetary Authority as COO
Mason is the former COO of SME-focused Allica Bank, a role he held for more than three years.
Banks must shift their focus from being product-centric to customer-centric
True banking transformation starts with the customer, not the technology.
US Federal Reserve sets up new specialist team to supervise crypto sector
The team will monitor the cryptosphere as regulators look to manage risk and promote innovation.
FinTech Futures: Top five stories of the week – 10 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
LSEG’s Giact to use Mastercard’s open banking tech for account verification
Through the partnership, Giact says it will be able to deploy Nacha-compliant account verification solutions.
Global paytech Worldline opens white-label metaverse shopping mall
Retailers, service providers and banks “can build up a presence in Web3”, using a modular design method.
