Reserve Bank of Australia to explore CBDC use cases with DFCRC
The RBA says the project will engage with “a wide range of industry participants”.
Financial Services/Finserv
The blurred line between ‘utility’ and ‘value’
You’ll always need a little more tech than you needed yesterday, but at least you don’t need to build it all.
Income verification platform Truework lands $50m Series C funding
Truework says the funds will support its product development and hiring plans.
Klarpay AG CEO on bridging the gap between online companies and transactional banking
Klarpay solves one of the biggest challenges faced by digital businesses – access to efficient transactional banking.
German fintech Serrala hires Hartmut Wagner as CEO
Wagner will take over from current CEO Sven Lindemann on 15 August 2022.
Does a recession lead to more financial fraud?
A recession brings new challenges to FIs within a changing fraud landscape.
Digital makes the world go round: a reflection
We have the tools and resources to do more, and to do better, but more action is needed.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
UK challenger Dozens set to close by end of the month
The Dozens app is set to close by the end of August.
No more cheerleaders and today’s need for ‘founder fit’
Founders need to take their time considering investors and carry out extensive due diligence processes.
Mexican start-up Clara lands $150m debt financing from Goldman Sachs
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
Plugging in: financial services in the metaverse
If there’s one industry buzzword this year that is on almost everybody’s lips, it has to be ‘metaverse’.
UK challenger Recognise Bank appoints new CEO, Jean Murphy
Murphy brings more than 25 years’ worth of banking and capital markets experience to the role.
NatWest’s director of payments leaves to join Bibby Financial Services
Marion King spent over seven years in her role at NatWest.
Cartoon: Dancing in the rain
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Embedded finance: navigating the challenges
There are a few challenges to be aware of before entering the world of embedded finance.
Deutsche Bank to automate trade document checking with Traydstream partnership
The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
FinTech Futures Jobs: Is salary compression pushing you into a new job?
If you’re demotivated by salary compression in your workplace, it may be time for a change.
Singapore-based Robocash Group appoints Natalya Ischenko as new CEO
Ischenko will take over from founder Sergey Sedov, who will remain in the position of chairman of the board.
South Asia fintech funding round-up: Twid, Jify, OneLoad and Bluecopa
A handy round-up of recent funding endeavours of fintech companies across India and Pakistan.
US fintech funding round-up: Leapfin, Compliance.ai, Revolv3 and more
Our handy weekly fintech funding round-up covering news from US start-ups.
XR, banks and rewiring the system
Rewiring the economic system will be a challenge, but I think it’s supercritical.
Dubai BNPL firm Tabby secures $150m debt financing
The debt financing has been supplied by Atalaya Capital Management and existing investor Partners for Growth.
American Express launches cross-border payments solution for US SMBs
The Global Pay platform is currently available to US American Express small business card members.
UK challenger Monument partners Persistent to build digital banking platform
Persistent’s “building block” approach will allow the challenger to add new SaaS components as required.
Spare me your ‘good conversations’
A good conversation is one that leads to an outcome that isn’t an identical conversation.
African neobank 4G Capital goes live on Mambu’s cloud banking platform
The micro and small business-focused bank is looking to scale across East Africa.
Data and payments fintech Moneyhub appoints David Firth as product director
Firth joins from Mastercard, where he helped build out the firm’s open banking solutions.
Financial software vendor Savana closes $45m Series A round
The funds will be used to support the growth of the company’s Digital Delivery Platform.
SC Ventures launches digital onboarding platform Appro in UAE
Appro is designed to reduce application times for a range of banking products from several hours to three minutes.
Rêv acquires Global Payments’ card business Netspend in $1bn deal
The new combined entity intends to deliver “financial empowerment and product innovation”.
Ohio’s KeyBank taps Quavo for dispute management platform
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
Regulation and how financial services can stay compliant
Firms are looking to use hybrid, multi-cloud frameworks to manage ever-increasing amounts of data.
What the FinTech? | S.3 Episode 11 | Financial services and the fight against climate change
In this episode of the podcast, we’re joined by NMD+ founder Dave Wallace.
Private equity firms buy stake in India’s Yes Bank as part of $1.1bn capital raise
Carlyle Group and Advent International have both agreed to acquire up to a 10% stake in the bank.
Digital business bank Grasshopper lands $30.4m funding
The fresh capital takes the bank’s total funding to date up to $160 million.
TAS hires Andrew Quartermaine as COO as it looks to boost international growth
Quartermaine joins from ACI, where he was director of merchant retail for Europe.
Bank of New Zealand taps NCR for ATM-as-a-Service solution
The move forms part of the bank’s digital transformation efforts.
Open finance firm MX hires former PayPal exec Jim Magats as CEO
Magats will start his new role on 17 August and will also join the firm’s board of directors.
Why the post-trade wholesale market infrastructure is broken
With market volumes rising, the likelihood of a major systemic glitch occurring is very real.
