US fintech funding round-up: Wink, Blip, Upwardli and Inkle
A handy round-up of the recent funding endeavours of fintech companies across the US.
Digital
Europe fintech funding round-up: Kennek, Mazepay, Uniify and Snab
Our weekly fintech round-up for you to get the latest funding news from around the world.
Why change your core?
If you treat core transformation like a standard large project, your chances of success are slim.
Deutsche Börse inks 10-year strategic partnership deal with Google Cloud
Deutsche Börse will leverage Google Cloud’s capabilities to develop its digital securities platform D7.
UK’s FCA names first members of its new innovation advisory group
The Innovation Advisory Group (IAG) will meet for the first time in February, the FCA says.
European Parliament outlines plans for an EU-wide digital wallet
The use of the EU wallet will “always be voluntary”, MEPs say.
Singapore’s Tazapay bags $16.9m in Series A funding round
The round brings Tazapay’s total capital raised to $18.9 million.
FNZ to acquire Luxembourg-based B2B fund platform Ifsam
FNZ says the acquisition will strengthen its client proposition and build out its presence in Luxembourg.
Bank of England and HM Treasury outline case for digital pound
The Bank and HM Treasury plan to “accelerate” work on the technology and policy architecture for a digital pound.
Inter&Co acquires real estate investment start-up YellowFi
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Arab Bank Switzerland taps InvestGlass for digital onboarding solution
Arab Bank says the solution will boost client experience while maintaining high levels of security.
Non-profit Commonwealth begins second phase of partnership with JP Morgan Chase
Commonwealth and JP Morgan Chase are examining how new tech can reduce wealth inequality in the US.
Standard Chartered Bank names new group chief transformation officer
Divyesh Vithlani brings more than 30 years’ worth of banking and technology experience to his new role.
Crypto exchange Binance snaps up majority stake in South Korea’s Gopax
The investment is part of Binance’s ‘Industry Recovery Initiative’ (IRI), launched in 2022.
Virtual card paytech Conferma Pay names Jason Lalor as CEO
Lalor most recently served as CEO of Square’s European business.
Banking Technology Magazine February 2023 issue out now
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
UK’s Shawbrook Bank taps Cashflows to streamline payments
Cashflows will enable Shawbrook to process its e-commerce business finance collections through a virtual terminal.
Bank of Nevis International taps Tookitaki for AML tech
The Caribbean bank will deploy Tookitaki’s Anti-Money Laundering Suite (AMLS).
US neobank Oxygen bags $20m Series B, appoints new CEO
Former Sber CTO David Rafalovsky joins Oxygen as CEO, replacing founder Hussein Ahmed.
Mizuho Bank in core banking tech overhaul with Oracle
Oracle’s solutions will support “critical” functions, including direct deposit accounts and liquidity management.
South Africa to pilot national rapid payments programme this year
The national payment system forms part of South Africa’s Vision 2025 programme.
Zodia partners SBI DAH for Japan-based crypto custodian venture
The joint venture, SBI Zodia Custody, is owned 51% by SBI DAH and 49% by Zodia Custody.
US fintech Stash appoints Liza Landsman as new CEO
Prior to joining Stash, Landsman served as general partner at NEA, a global venture capital firm.
Cartoon: Tarred with the same brush
This cartoon illustrates how the collapse of the speculative crypto market has impacted the blockchain sector.
In 2023, payments will provide momentum for open banking adoption
Today, regulators are very focused on promoting competition and alternatives to card payments.
Banking Tech Awards 2022 Winner: Finova – the mortgage market is in a tangle & we need new tools to fix it
Combine algorithmic price optimisation with powerful ML techniques, and you’ll have a robust tool for performance analytics.
ICYMI fintech funding round-up: Stubben Edge, Elementaryb and Bud
A handy round-up of the recent funding endeavours of fintech companies across the globe.
More banking hubs and pods earmarked for UK as branch closures continue
A further nine banking hubs and six deposit services have been recommended by Link.
GXS Bank names Muthukrishnan Ramaswami as group CEO
Ramaswami most recently spent 12 years as president of the Singapore Exchange (SGX).
Hong Kong’s ZA Bank names Ronald Iu as CEO
Iu served as chief risk officer (CRO) of ZA Bank, a role he will step down from immediately.
Financial planning platform Lyfeguard launches in the UK
The start-up aims to tackle the problem of poor personal information storage and management.
South African digital lender Lulalend bags $35m Series B
Lulalend will look to increase its loan book size and develop new products.
JP Morgan reportedly planning German digital bank offering
The launch is set for late 2024 or early 2025, Bloomberg reports.
UK challenger Zopa lands £75m funding to fuel growth
Zopa says the deal “cements and markedly enhances” its unicorn valuation.
US start-up Finley secures $17m in Series A fundraise
The round was led by CRV with participation from both new and existing investors.
Banking Tech Awards 2022 Winner: Temenos – why the “service” of SaaS matters more to banks
Those who underestimate the value banking execs place on a trusted, lasting service will get left behind in the big banking SaaS bang.
PayPal to lay off 2,000 staff over the next few weeks
The job cuts will see PayPal reduce its total staff headcount be around 7%.
Treasury Prime bags $40m in Series C funding
With the funding, Treasury Prime plans to build out its solution and develop new products and services.
UK’s Tech Nation to close, sell assets after losing government grant funding
Tech Nation says it is “actively seeking” interested parties to acquire a portfolio of its assets.
Swiss private bank Bergos goes live with FNZ’s core banking tech
Bergos customers will now be able to manage their finances through a mobile app.
