Illimity Bank sells IT source codes to Engineering Group in €55.5m deal
The €55.5 million is set to be paid over 2023-2026 with a potential additional €4.5 million between 2024-2032.
Financial Services/Finserv
UK’s FCA selects NayaOne to build and operate Digital Sandbox platform
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
P27 Nordic Payments withdraws clearing licence application, leaving the project’s future unclear
P27 says “new requirements and regulations” have challenged its operating model.
Volkswagen Financial Services in tech overhaul with Oracle
With Oracle, VWFS will look to modernise its database tech to support its European operations.
Intellect launches new open finance-based core banking platform, eMACH.ai
Intellect claims its new cloud-based platform is the largest of its kind in the world, offering 1,214 API connections.
BMO Financial Group names Darrel Hackett as new US CEO
Hackett was most recently president of BMO’s wealth management division in the US.
FinTech Futures: Top five stories of the week – 21 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Aussie financial software firm Iress to cut 10% of staff amid business restructure
The cuts come as the company looks to form “a more efficient and focused organisational structure”, Iress says.
Santander taps DailyPay to offer on-demand pay services
Through DailyPay, Santander’s clients can provide employees with immediate access to pay as they earn it.
ICYMI fintech funding round-up: Floodlight, Fractal and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
What’s the customer benefit of fintech?
For me, the level of funding going into a market is not a good measure of success.
Gigs names Rafael Plantier as new head of financial services
At Gigs, Plantier will forge new customer partnerships in the financial sector.
ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
ClearBank names former PayPal exec as new chief product officer
Spiros Theodossiou joins from cloud accounting platform Dext, where he also served as CPO.
Regtech Kaizen acquires compliance solutions firm Red Deer
Red Deer head of product Alistair Downes says the deal will leverage both firms’ “expertise and technology”.
Financial automation start-up Clerkie bags $33m Series A
The round was led by Left Lane Capital, with participation from other investors.
19th century advice for 21st century problems
You don’t get a medal for deciding to transform your bank. If you get it right, you get to survive.
White paper: Solve hybrid work compliance challenges with Theta Lake and RingCentral
RingCentral and Theta Lake’s collaboration on hybrid work compliance enables firms to avoid “blind spots”.
White paper: Ensuring compliant communications in financial services
How unified communications platforms facilitate compliance, collaboration, and engagement.
White paper: Five customer experience strategies for financial services contact centres
How to employ these five strategies in a contact centre to delight customers and keep them coming back.
Januar lands European payment licence from Danish regulator
The Danish start-up will now be able to onboard clients from across the European Economic Area (EEA).
Swiss challenger Radicant taps NetGuardians for fraud detection software
Radicant will deploy NetGuardians’ AI-led software to enhance payment protection.
French expense management firm Mooncard bags €37m Series C funding
Mooncard previously raised €20 million as part of its Series B funding round in September 2021.
LSEG taps Satvinder Singh to lead data and analytics division
Singh joins LSEG from Mastercard where he is the co-head for advisors in its data and services business.
Pennyworth CEO says banking authorisation is “in sight” as start-up plots growth
FinTech Futures sits down for a chat with Pennyworth’s co-founder and CEO Jeremy Takle.
Goldman Sachs mulls potential sale of BNPL fintech GreenSky
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
What the FinTech? | S.4 Episode 6 | Fintech funding trends and the VC investment landscape
In this episode of the podcast, we’re joined by Sarah Hinkfuss, partner at Bain Capital Ventures.
Fintech B2B Marketing Conference 2023: ChatGPT to join as live panellist
The conference, supported by FinTech Futures, will gather 150+ fintech marketers on 26 April in London.
Dutch SME lender Factris secures €50m funding line from Aegon Asset Management
The funding line will enable Factris “to support struggling business owners” with its financing services.
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
Former CIO of TSB Bank fined £81k by PRA over 2018 IT disruption
The PRA says Carlos Abarca breached its senior manager conduct rules.
Network International in talks over potential £2bn sale to PE consortium
The consortium is made up of CVC Capital Partners and global tech investment firm Francisco Partners.
US Century Bank selects Pidgin for real-time payments
Pidgin’s CEO says the demand for real-time payments is growing “among consumers and businesses alike”.
QFCA partners with R3 to boost Qatar’s fintech sector
The pair will collaborate to create an innovation lab catering to commercial banks and fintech firms in Qatar.
Wealth app Chip appoints Gina Silvester as new COO
Silvester replaces outgoing COO Sharon Miles, who is joining OakNorth Bank as its new group COO.
Cartoon: Timing
A new cartoon illustrating how getting market timing and positioning right is key to success.
IFGS 2023: More “radical change” for payments on the horizon, BoE deputy governor says
Payments used to be a “dusty corner” in financial services but are now evolving at speed, Sir Jon Cunliffe says.
Liberty Bank launches Owners Bank for small businesses in the US
Owners Bank offers checking and savings accounts as well as digital tools for small businesses.
IFGS 2023: How crisis creates opportunity for fintechs
Funding Circle CEO Lisa Jacobs and Zopa CEO Jaidev Janardana took to the stage at IFGS 2023 in London.
US core banking tech provider Corelation signs two new clients in Hawaii
Corelation has signed Hawaii Community FCU and Pearl Hawaii FCU as its new clients.
