MoneyLion acquires embedded finance marketplace Even Financial for $440m
The acquision is expected to add $90m of revenue for MoneyLion.
Business-to-Consumer/B2C
Diebold Nixdorf tapped by Cambodian retail bank ACLEDA for self-service solutions
Diebold Nixdorf will deploy its services across ACLEDA’s 262 branches.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
TSB to close 70 branches across UK as digital-first banking becomes norm
Over 90% of customer transactions are now carried out digitally, the bank says.
BNPL start-up Pace raises $40m in pan-Asian Series A
The Singapore-based company has plans for international expansion.
South African e-payments platform Ozow lands $48m in Series B funding
The paytech says cash will help deepen financial inclusion on the African continent.
Amazon to ditch UK-issued Visa credit cards
The move is blamed on high transactions fees.
Kafene secures $75m funding to accelerate growth
Capital to support Kafene’s point-of-sale financing to Americans with limited access to credit.
BM Technologies to acquire First Sound Bank
The deal is expected to close in the second half of 2022.
Stori brings in $200m in Series C funding and debt financing
The fintech has achieved one of the largest funding rounds to date in Latin America.
CaixaBank completes major systems integration with Bankia
The two banks have merged to become a €680 billion entity.
London BNPL firm Zilch worth more than $2bn following $110m Series C
The company plans a hiring spree in Miami, where its US headquarters are located.
ICYMI funding round-up: Tarabut Gateway, TotallyMoney, Quartr & more
Another collection of funding rounds and raises from all over the world you might have missed.
MFS Africa raises $100 million in Series C funding to boost digital drive
Payment gateway company looks to increase its exposure across Africa.
Barclays shuffles executive team as new group CEO settles into role
C.S. Venkatakrishnan stepped into the top job following the departure of former chief Jes Staley.
Appway hires Mark Holenstein as new chief operating officer
Onboarding and customer management firm picks up new C-suite hire.
What the FinTech? | S.2 Episode 23 | An alternative approach to data
Marina Goche, chief executive officer at Sentifi, joins us on this week’s episode of the What the FinTech? podcast.
FNZ acquires German commercial bank Fondsdepot
Wealth management vendor plans to build out the bank’s digital capabilities.
Metro Bank confirms takeover approach from US private equity group
Carlyle has until 2 December to put a formal offer in place for the UK bank.
New UK paytech WondaPay launches deposit holding platform to help freelancers get paid
The FCA-regulated service releases payments when work has been completed.
Zopa hires former Monzo executive Robinson as new chief risk officer
Robinson spent two years with Monzo, and 15 years at Capital One.
Metro Bank director of technology departs after less than two years
Sailesh Panchal announced his departure on social media.
Indian fintech Glimpay aims to solve freelancer payment issues
The firm says it can help users send trackable and shareable invoices to clients to manage their payments.
Standard Chartered nabs ING COO Louwhoff as new group CTO
Roel Louwhoff joins up with StanChart in Singapore after seven years at ING.
ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
Indian tax fintech Clear secures $75m to capitalise on country’s digitisation
The e-filing company will also broaden its offering to people and businesses.
UK Autumn Budget 2021: What does it mean for fintech?
Rishi Sunak announced an update to his spending plans this week. FinTech Futures seeks out the fintech benefit.
Al Rayan Bank taps TruNarrative to cover KYC and onboarding
UK Islamic Bank seeks revamp to regulatory reporting as part of ongoing digital change.
Wesleyan Bank picks Sandstone to revamp digital channels
Birmingham-based bank has launched a new online portal for personal and SME customers.
New FinTech Futures Report: Creating financial inclusivity in a digital-first future
A deep-dive report into the industry, focusing on the emerging need for financial inclusivity.
LGB Bank to replace Equation core with BML Istisharat
Lebanese bank switches to existing partner for new core banking infrastructure.
Revolut hires new Mexico CEO as US exec announces departure
Ronald Oliveira is expected to leave the fintech, while Juan Miguel Guerra joins.
What the FinTech? | S.2 Episode 21 | Talking ’bout the next generation
Suraya Randawa and Sarah Welch of Curinos join us for this latest episode of our What the Fintech? podcast.
Arival Bank lands banking licence in Puerto Rico
Arival plans to provide services to international software firms and underbanked businesses.
N26 raises $900m in new funding to reach $9bn valuation
German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.
Pedro Sousa Cardoso returns to Emirates NBD as new chief digital officer
Cardoso joins from Standard Chartered, where he worked as a senior managing director.
What the FinTech? | S.2 Episode 20 | Let’s get digital
Dreams CEO and founder, Henrik Rosvall, joins us for this latest episode of our What the Fintech? podcast.
Worker’s Credit Union picks Fusion Phoenix for new core system
The Massachusetts-based firm is also taking a handful of ancillary Finastra systems.
ICYMI funding round-up: Rize, Sparkle, Rupifi, PaySika & more
Another batch of funding rounds you may have missed this week in fintech.
UK contactless payment limit rises from £45 to £100
Some call for customer-set limits as contactless becomes more regular among users.
