FinTech Futures: Top five stories of the week – 16 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Payments
RBank picks BPC for paytech revamp and financial inclusion drive
Philippines-based Robinsons Bank (RBank) will implement BPC’s SmartVista payments platform.
Goldman Sachs and Modern Treasury partner for embedded payments initiative
Modern Treasury and Goldman Sachs Transaction Banking aim “to accelerate the shift to embedded payments”.
ICYMI fintech funding round-up: Kippa, Payall, Trek Health and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Western Union buys Brazilian digital wallet Te Enviei, eyes LatAm expansion
The company expects its products to go live in Brazil in the first half of 2023.
Berlin-based automated accounting platform Candis raises $16m
Candis is an accounts payable (AP) processes automation solution.
PAYA acquires card payment provider ITS
Interactive Transaction Solutions (ITS) is a business-to-business (B2B) payment gateway.
US credit card start-up Power raises $316m funding
The start-up has raised $300 million in a credit facility and $16.1 million in seed funding.
TD Bank and DailyPay team for real-time earned wage access
The partnership will allow the bank’s clients to give their employees access to earned wages before payday.
Bottomline acquires AP automation and real estate payments specialist Nexus Systems
Nexus’ procure-to-pay solution, customers and suppliers will join Bottomline’s Paymode-X B2B payments network.
Revolut launches new one-click payment solution
Revolut Pay is already being used by merchants including Shopify and WH Smith.
Software management start-up Cledara lands $20m Series A
The money raised by Cledara will go towards the US expansion.
Allied Bank Pakistan picks BPC to launch SME acquiring business
Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.
PayPal names John Kim as its new chief product officer
As PayPal’s EVP and CPO, Kim will lead the consumer and merchant product and engineering teams.
FinovateFall 2022: Q&A with MoneyGram chairman and CEO Alex Holmes
FinTech Futures chats with Alex Holmes about the evolution of cross-border money movement.
JP Morgan to acquire US paytech firm Renovite
Once the acquisition is complete, Renovite will become part of JP Morgan Payments.
US paytech Aurora snaps up One Payment
Aurora CEO Brian Goudie says the deal “adds significant value” to his firm.
Paytech iBanFirst names new CTO and COO amid c-level shake-up
The firm has also announced a new chief revenue officer, chief people officer and chief of staff.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple Pay edges out Mastercard with more than $6tn in ATV
Only Visa now stands in the way of Apple Pay reaching the top spot globally.
Paytech firm Cantaloupe announces executive leadership changes
Ravi Venkatesan will take over as CEO with Sean Feeney set to retire at the end of September.
Chilean fintech Xepelin lands $140m credit line from Goldman Sachs
The credit line is designed to help finance further expansion into Mexico, Bloomberg reports.
Nigerian fintech Arca taps ThetaRay for AI-powered AML solution
Arca is the first Nigerian fintech to utilise ThetaRay’s Sonar solution.
Mesh Payments lands $60m in Series C funding
The new money will be used to expand its go-to-market efforts and accelerate product innovation.
ClearBank hires Andrew Barker as new chief revenue officer
Barker brings more than 25 years’ worth of experience in the technology space to the role.
Swiss digital bank Alpian partners Visa for new debit card
Alpian has plans for a full public rollout by the end of this year.
Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
Blockchain trade finance platform Contour snaps up we.trade assets
The move forms part of Contour’s plans to launch a digital open account trade finance offering.
UK’s Paysend appoints Wilhelm Rohde as group CFO
Rohde joins from Swisscard, a joint venture between American Express and Credit Suisse.
UAE’s Ajman Bank to launch Mastercard ‘touch’ card for visually impaired
The card was co-designed by Idemia, an identity technology solutions provider in the physical and digital space.
DeFi for the masses — crypto investment platform Solvo readies for launch
Solvo will offer investments, savings, crypto buying and selling as well as a card for payments.
FinTech Futures: Top five stories of the week – 2 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Europe fintech funding round-up: Justhome, Ryft and SageWealth
A fintech funding round-up featuring three start-ups from Europe.
Africa fintech funding round-up: Pezesha, Duplo, SubsBase, Grey and Anchor
A handy round-up of the recent funding endeavours of fintech companies across Africa.
Webinar: Mitigating fraud and risk on the ACH network
Hear from Nacha and Modern Treasury experts how to effectively manage risk and minimise fraud in ACH payments.
Banking Technology Magazine September 2022 issue out now
Cover story: MONEY PUZZLE – Helping US arrivals get on track financially.
Zepz appoints former Bill.com exec Mark Lenhard as group CEO
Lenhard has 20 years’ experience in the payments space.
What the FinTech? | S.3 Episode 13 | A look at what’s in store at FinovateFall
In this episode of the podcast, we’re joined by Greg Palmer, vice president and host of Finovate.
Qatar Central Bank issues first digital payment licence
The central bank says the step will lead to the development of the fintech sector and enhance financial inclusion.
Singapore’s Lightnet secures $50m funding to fuel growth
Lightnet aims to “improve the lives of the unbanked and underbanked populations throughout Asia Pacific”.
