Indian crypto platform CoinDCX raises $135m Series D
CoinDCX CEO says the investment “reinforces the belief in India’s immense potential in the crypto ecosystem”.
Partnerships
Ant Group snaps up majority stake in 2C2P to drive digital payments adoption
Ant Group will become a majority shareholder of 2C2P.
Artificial intelligence: a winning strategy for payments
AI offers a winning strategy in the race to reduce fraud and continue improving payment flows.
Microsoft teams up with Finastra to offer SME lending through Dynamics 365
Microsoft says the partnership will drive value for SMEs, “the backbone of job creation in the world’s economy”.
Lea County State Bank taps Jack Henry for digital transformation
Jack Henry says its digital solutions will allow the firm to compete with large banks and fintechs.
Form3 partners Goldman Sachs TxB to launch FX solution
Form3 CEO says the partnership with Goldman Sachs TxB forms part of the company’s growth strategy.
Bolt to acquire crypto API provider Wyre in push to “democratise commerce”
Bolt will integrate Wyre’s crypto stack, giving developers blockchain protocols to build financial products.
FinTech Futures: Top five stories of the week – 8 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US digital challenger Battle Bank taps Temenos for cloud banking solution
Temenos’ platform will support Battle Bank’s foreign currency, market index and precious metals products.
Credit fintech Liquidity lands $775m to fuel growth
Apollo partner Joshua Black will also join Liquidity’s board of directors.
Langley FCU taps Diebold Nixdorf for ATM-as-a-Service offering
Langley FCU will replace its entire ATM fleet with new DN Series devices.
French open banking firm Budget Insight lands $35m to drive expansion
The new funds will be spent on developing new products and significantly increasing its staff headcount.
ANZ and Worldline launch new payment service in Australia
Worldline holds a 51% stake in the new entity, with ANZ holding the remaining 49%.
RBC set to acquire UK wealth management firm Brewin Dolphin in £1.6bn deal
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apollo Fintech taps ThetaRay for Sonar AML monitoring tech
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
Vitruvian partners German fintech start-up Moonfare, invests $35m
The funding from Vitruvian brings Moonfare’s total capital raised to date to $220 million.
Medius snaps up US-based invoice payments specialist OnPay
The deal will see Medius open a new corporate office in Q2 2022 in Jacksonville, Florida.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Lithuania’s Fintech HUB LT appoints new board and chairwoman, Asta Grigaitytė
Grigaitytė joins from the Bank of Lithuania where she worked on payment system CENTROlink.
The systemic risks and vast opportunities in fintech
We speak with Megan Long, senior consultant at Deloitte, about the vulnerabilities, risks and innovations in the fintech ecosystem.
Mizuho partners Google Cloud to power digital transformation
MFG says it is working with Google Cloud to deliver on the evolving needs of its customers.
Banking app Dave partners FTX US to explore crypto payments
The partnership will see FTX Ventures, the venture fund arm of FTX Trading, invest $100 million in Dave.
Rakuten Europe Bank opts for Temenos Banking Cloud
The bank is building on its existing relationship with Temenos to enhance its member experience.
Bank of Canada and MIT kick off central bank digital currency research project
The one-year initiative will form part of the central bank’s research into digital currencies and fintech.
BancoEstado picks Entrust solutions for identity and card issuance
The Chile-based bank has turned to its existing supplier for cloud-based authentication.
Texas National Bank turns to Data Center Inc for new digital bank for bankers
The new bank, branded as Bankers Lender, is due for launch in April.
Spanish neobank Rebellion Pay taps Sentinels for AML and risk management
Madrid-based Rebellion Pay claims more than 280,000 customers across Spain.
Zeta partners Mastercard to shake up credit card issuance
The payments giant has also invested $30 million, alongside other investors, into Zeta.
Oklahoma’s First National Bank & Trust taps CSI for core banking upgrade
The bank will deploy CSI’s NuPoint core banking platform.
Tesco Bank partners Onfido to streamline Clubcard Pay+ onboarding
Onfido uses AI-powered biometric technology to verify customer identification during onboarding.
Al Fardan Exchange and Thunes partner for instant payments to 87 countries
Al Fardan Exchange customers can make payments to 87 countries in Europe, Africa, APAC and LatAm.
Payoneer taps cybersecurity firm ThetaRay for AI-powered transaction monitoring
Payoneer will deploy ThetaRay’s Sonar solution from Q2 2022.
Airtel partners Axis Bank to boost India’s digital financial services ecosystem
The Airtel Axis Bank credit card is the first product to be launched under the partnership.
Collaboration between banks and fintechs can bring faster speeds to the international payments space
Collaboration has driven considerable innovation in the international payments market in recent years.
TSB strengthens relationship with cloud intel firm Dynatrace in digitisation push
Dynatrace provides software intelligence to simplify cloud complexity and accelerate digital transformation.
Ireland’s An Post partners Tink to provide money management services
Tink’s technology provides insights to help An Post customers improve their financial health.
Digital business bank Grasshopper relaunches with focus on supporting SMEs
The bank has brought in a new leadership team and implemented a new technology strategy.
Banking Tech Awards 2022 now open for nominations
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Lloyds partners fintech Bink to create unified customer loyalty programme solution
Lloyds has also made an equity investment for a minority stake in Bink.
