FinTech Futures: Top five stories of the week – 22 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Financial Services/Finserv
FX firm Monex Europe hires former Mastercard exec as new CTO
John Gallagher joins as one of three new leadership hires at the firm.
TomoCredit bags $122m funding to expand product offerings
Investors include Morgan Stanley’s Next Level Fund and Mastercard.
ICYMI fintech funding round-up: TurnKey Lender, FairPlay, Bloom & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Best, the enemy of better in mobile banking
The challenge for the industry is how to go beyond what they have and deliver platforms beyond the transactional.
Privacy, regulations and cross-border data sharing in finance
Discussing the value and inherent risks associated with data sharing on a global scale.
BNP Paribas partners fintechs to develop digital asset custody offering
The new combined solution will allow clients to issue, transfer and securely keep regulated digital assets.
SunTec hires ex-IBM exec as new chief strategy and transformation officer
Pramod Perumparambil will drive the company’s strategy to accelerate business growth.
Al Rajhi Bank Malaysia taps Feedzai for risk management platform
Feedzai’s RiskOps platform will help strengthen the security of ARBM’s upcoming digital bank offering.
The best time to plant a tree
The right time to act was in the past. But that doesn’t mean don’t act now. It means act doubly fast.
Wealthtech FNZ snaps up private banking tech provider New Access
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
EXL, Corridor Platforms and Oliver Wyman partner up for new risk decisioning product
The solution leverages analytics, AI and cloud to deliver “instant” credit decisions to support digital lending.
How to deliver effective transformation with fintechs
Banks are increasingly interested in partnering with B2B fintechs to enable quicker digital transformation.
Webinar: How post-pandemic market dynamics are driving higher assurance for digital agreements
Learn how to overcome the challenges surrounding digital agreements.
Banking tech start-up Zeta hires Karla Booe as chief compliance officer
Booe previously spent over 27 years at FIS as the firm’s deputy chief compliance officer.
Flywire acquires Aussie education paytech Cohort Go
The acquisition will help build out Flywire’s existing education business.
Finastra and HSBC partner up to deliver BaaS FX offering
The firms say the move will enable banks to embed FX services “directly” into corporate and branch channels.
UK challenger Kroo expands partnership with ClearBank
ClearBank has worked with Kroo since 2019 in its journey towards becoming a fully regulated bank.
BNPL firms Zip and Sezzle agree to call off proposed merger agreement
The merger was initially announced earlier this year.
Australia’s ANZ snaps up Suncorp Bank in $3.3bn deal
ANZ CEO Shayne Elliott says the acquisition is a “cornerstone investment” for the firm.
Buyer’s guide: How to find the right multi-factor authentication (MFA) solution
Improve security, cut down on fraud, and create the best possible customer experience with the right MFA solution.
Passwordless authentication guide – improve customer experience
Are you still subjecting your customers to passwords or do you have a plan to go passwordless?
Skilling initiatives pivotal for the growth of women nanopreneurs in rural India
Skilling initiatives can bring rural women in India into the financial system.
Case studies: How leading firms accelerated onboarding times by up to 79%
How three companies in the fintech, credit/payments, and healthcare spaces have used Prove’s Pre-Fill onboarding solution.
FinTech Futures Jobs: How to deal with rejection during the job hunt
The process of applying for a job is stressful and often exhausting – but don’t feel disheartened.
US fintech funding round-up: Finalis, Quiltt and Realfinity
A handy Friday funding round-up of US-based fintech start-ups: Finalis, Quiltt and Realfinity.
Europe fintech funding round-up: Quartr, ID-Pal, Oper and Fuell
Our weekly fintech round-up for you to get the latest funding news from around Europe.
How Zolve is helping US immigrants land on their feet
Zolve helps immigrants accelerate their financial health through products that build wealth in the long run.
New paytech Argyle Payments launches in the US
Argyle will support payments for small and midsize merchants in “high-margin” specialty markets.
Banking Technology Magazine July / August 2022 issue out now
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
Financial Stability Board outlines need for international crypto regulation
The FSB is calling for regulation of cryptoasset activities on an international level.
Deutsche Bank partners Abbove for wealth management services in Belgium
Abbove says the partnership marks another step in the wealthtech’s private banking development strategy.
Neobank Kinly taps open finance fintech MX for data aggregation solutions
Kinly says it will leverage clean data and personalised financial alerts from MX to help Black American communities.
Coremont hires Akbar Sheriff as new global COO and partner
Sheriff joins Coremont from State Street, where he held multiple global and regional leadership roles.
A witch hunt after all
Championing diversity and inclusion should be everyone’s responsibility.
Mojaloop: the open source software powering payments for the unbanked
FinTech Futures chats with Kim Walters, who led the building of Mojaloop’s software from the ground up.
Australia’s first Islamic bank receives restricted banking licence
The bank has received a restricted ADI licence from the APRA.
Morocco’s Attijariwafa Bank partners Thunes for cross-border payments
The partnership will enable “nearly 30 million” Moroccan bank account owners to receive remittances.
Crédit Agricole builds its own fintechs
Crédit Agricole launched a start-up studio, La Fabrique, to build its own fintechs and disrupt the sector.
Three things you probably didn’t know about Brazil’s growing fintech sector
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
