Reflections on 2022
As we hurtle towards the end of the year, let’s take a look at how my forecasts for 2022 have turned out.
Digital
Bevan Money taps Sopra Banking Software for core banking tech
Bevan Money will utilise SBS’ Sopra Banking Platform technology to power its offering.
Keyrock lands $72m in Series B funding round
Keyrock plans to invest in infrastructure development and regulatory licensing.
Open banking fintech Plaid to cut 260 jobs
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
Investec taps Surecomp for its digital trade finance tech
Surecomp’s tech will support Investec’s newly formed trade finance business.
Challenger bank Tonik acquires paytech firm TendoPay
Through the acquisition, Tonik aims to augment its lending portfolio.
Deutsche Bank partners Nvidia to advance the use of AI in financial services
The two firms aim to develop applications that will improve risk management and boost efficiency.
Singapore’s Osome raises $25m in Series B funding
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
Saudi financial super-app Tweeq lands central bank e-money licence
Tweeq leverages Paymentology’s Banking.Live platform and hopes to launch its app soon.
The great convergence ‒ the encroachment of DeFi into CeFi
Is adopting DeFi concepts in CeFi systems with central governance going in the right direction?
Congratulations to the Banking Tech Awards 2022 winners!
Winners and highly commended of the 23rd annual Banking Tech Awards ceremony.
Wells Fargo launches digital business banking platform Vantage
Vantage leverages AI and machine learning to deliver personalised financial services for businesses.
What the FinTech? | S.3 Episode 18 | Online payments and personalisation
In this episode of the podcast, we’re joined by Kirsty Morris, managing director at Barclaycard Payments.
BIC Bank partners Compass Plus Technologies to expand its payment services
The bank has successfully migrated its in-house processing centre to the tech firm’s TranzAxis platform.
SME challenger bank Allica bags £100m Series C funding
Allica says the cash will allow it to “scale rapidly and accelerate its disruptive impact in the UK SME market”.
Hodge Bank taps LexisNexis to streamline customer onboarding
The Cardiff-based lending and savings provider will deploy LexisNexis’ RiskNarrative platform.
Indian lendtech KreditBee bags $80m in Series D funding round
KreditBee says it will use the fresh funds to diversify its product offering and strengthen its tech stack.
Veritex Community Bank taps Finzly to transform payments
The Texas-based bank will utilise Finzly’s Payments Hub solution.
Broadridge’s LTX appoints Jim Kwiatkowski as CEO
Jim Toffey, CEO and co-founder of LTX, will transition to the role of chairman of the board.
Al Rajhi Bank Malaysia launches digital bank Rize
Rize offers a mobile banking app for Malaysian customers.
Centring end-user productivity through a revolutionised desktop experience
How OpenFin is empowering firms to maximise the value of the powerful tools that already exist on their user desktops.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Banque de France and Banque centrale du Luxembourg conduct wholesale CBDC test
The test shows “how digital assets can be issued, distributed and settled within the Eurozone in a single day”.
UBS taps ID verification firm Regula to streamline customer onboarding
Regula says its tech will enable UBS customers to open new accounts “in less than five minutes”.
Wealth Wizards names Ben Hampton as new chief executive
Hampton will take up the role on 1 January 2023, succeeding founder Andrew Firth.
FinTech Futures Jobs: Five reasons why remote work might not be right for you
Explore thousands of open roles on the Fintech Futures Job Board today.
HSBC UK set to close 114 bank branches next year
HSBC cites customer migration to digital banking as a reason for the closures.
Crypto exchange Kraken to lay off 30% of staff as it looks to weather crypto winter
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
US challenger bank Greenwood secures $45m funding
The latest round brings the total capital raised by the challenger to $88 million to date.
Survey & report: The race to ISO 20022
Download Celent’s survey and report based on over 200 banker interviews and deep analysis.
White paper: FedNow is almost here!
Everything you need to know before the launch of FedNow – a new real-time payment and settlement service in the US.
Israel’s Shield bags $20m in Series B funding
Shield plans to boost its growth in existing markets and expand into new ones, including the US.
Singapore’s Trust Bank taps Thought Machine for core banking tech
Trust has picked the vendor’s Vault Core solution to power its new digital banking offering.
India’s Cred set to acquire SaaS start-up CreditVidya
Following the acquisition, Cred and CreditVidya will continue to operate independently.
Weathering the storm: how savings providers can utilise tech to support their customers through the cost of living crisis
Putting in place the transformational changes needed to keep up with customer needs and expectations.
Gently, firmly… urgently
The future is here. And it’s on fire. Here’s what I want you to do about it.
Singapore fintech Finbots.ai signs digital bank client in Asia
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
National Australia Bank expands AWS collaboration with “multimillion dollar” cloud deal
The bank says the deal will enable it to “accelerate the migration of key critical workloads to AWS”.
