Canadian tech firm Coconut Software secures $22m Series B funding
The cash will go towards product development, hiring new staff and investing in marketing and sales.
Corporate & Commercial Banking
EBF head calls for EU banking regulation reform to compete with US
Santander’s Ana Botín also calls for further banking integration across the bloc.
ICYMI funding round-up: Yellow Card, QisstPay, Vyne, Tomorrow & more
Plenty of funding rounds in the double digits in this week’s ICYMI roundup.
HSBC hires Google veteran to lead commercial banking platforms
Aman Narain joins the banking giant after four years at Google and helping to launch Google Pay in Singapore.
UOB to spend $500m on boosting digital banking capabilities
The investment comes after the pandemic accelerated digital-first banking across Southeast Asia.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
The Banking Tech Awards are coming to the USA!
The nomination deadline is 18 February 2022 with the winners announced in June.
Taiwan’s CTBC Bank signs core banking deal with Avaloq
The bank will roll out the Avaloq Core solution across business units in Hong Kong and Singapore.
Aspiring neobank Vergo aims to serve US architecture SMEs
Vergo will be a vertical neobank for the US construction and interior design industry.
Deutsche Bank boosts online payments with Better Payment acquisition
Deutsche Bank’s acquisition will expand its product range and market share in online payments in Germany.
TSB lines up Scottish Widows’ Prettlejohn for chairman role
TSB seeks a new chair as its Sabadell departure remains up in the air.
UAE challenger Zand prepares for launch in both retail and corporate markets
New bank aims to break into an already crowded sector.
Exclusive: Nigeria’s Zenith Bank picks Oracle for worldwide tech overhaul
The lender is replacing existing Finastra systems with Oracle across multiple countries.
DF Capital launches digital savings platform powered by Mambu and ieDigital
Specialist lender hopes to automate processes and improve customer accessibility.
Shortlist announced for Banking Tech Awards 2021
Congratulations to all of this year’s finalists.
Morgan Stanley poaches UBS managing director Gerson
Gerson joins after two and a half years at the Swiss investment bank.
FinTech Futures Jobs: Three brilliant roles to apply for this week
Exciting vacancies at Broadridge, Checkout.com and Deloitte. Apply today!
Live Oak Bank switches retail and commercial accounts to Finxact core
North Carolina bank ticks off penultimate stage of ongoing transformation.
PayTech Awards 2021 Winner: AccessPay – PayTech Team Of The Year
Satisfying the need for speed.
State Street to set up global cybersecurity unit in Ireland
The 400-strong team will support the company’s global operations.
Hamburg Commercial Bank goes live on Broadridge payments system
German lender aims to revamp its processing capabilities.
Expense management platform Jeeves secures $57m Series B funding
The new investment takes the start-up’s valuation up to $500 million.
China Bohai Bank taps Bairong for AI-powered digital upgrade
China Bohai Bank will utilise Bairong’s fraud and loan monitoring systems.
UK industry body unveils five-year strategy to catch US and Asia
The industrial strategy aims to shore up existing UK successes in order to overtake Asia and the US.
CIBC acquires Costco’s Canadian credit card portfolio
CIBC will also become the exclusive issuer of Costco Mastercards in Canada.
FinTech Futures Jobs: Three amazing jobs to apply for this week
Exciting vacancies at BNY Mellon, Checkout.com and Finastra. Apply today!
Former HSBC boss to head up UK green infrastructure bank
The state-owned policy bank aims to level up UK infrastructure through targeted green investments.
Bank of the Bahamas goes live with Newgen Software
Caribbean bank deploys new software to revamp end-to-end loan process.
Exclusive: Oracle FS wins major core banking deal with Gulf Bank
The front-to-back operation is set to be a major undertaking.
Nigerian central bank partners with Bitt to deliver new digital currency
The Barbadian fintech says digitising the Naira will benefit the entire Nigerian financial ecosystem.
Fintech funding deals globally 23 August – 29 August 2021
Featuring OPay, Ramp, Zepz, Ekuaibao and Cora.
Brazilian fintech start-up Cora secures $116m Series B funding to fuel growth
The firm has now raised more than $150 million in total capital.
ICYMI funding round-up: Pngme, Recognise Bank, pawaPay, Finexio & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Ramp hits $3.9bn valuation with $300m Series C funding round
The start-up has also agreed a deal to acquire “negotiation-as-a-service” platform Buyer.
Video: fintech news pick of the week – Goldman Sachs, Paysafe, HSBC & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
British Business Bank selects Solidatus for data management
Firm looks to boost its data governance and data lineage capabilities.
FinTech Futures Jobs: Three really exciting jobs to apply for this week
Exciting vacancies at OakNorth, Checkout.com and Deloitte. Apply today!
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Fintech start-up dopay gains Egyptian banking licence
The payroll company is looking to launch a new digital banking platform in the country.
