FinTech Futures: Top five stories of the week – 9 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech
TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
Swiss neobank Alpian partners Napier, goes live on Temenos Banking Cloud
The bank will deploy the Napier Continuum financial crime compliance platform.
FinTech Futures Jobs: Three fintech careers to consider for 2023
Explore thousands of open roles on the Fintech Futures Job Board today.
Getting banked: financial services and the US cannabis industry
We chat with Michael Beird of Infused Banking about how banking is changing for US cannabis businesses.
North America fintech funding round-up: Syncfy, Totem and more
Our weekly fintech round-up for you to get the latest funding news from across North America.
ICYMI fintech funding round-up: BondIT, Paywatch, 1fs Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US proptech Setpoint lands $43m Series A
The round, led by Andreessen Horowitz, saw participation from Stonecroft, 75andSunny and Fifth Wall, among others.
Avant secures $250m in debt and equity from Ares Management
Avant CEO Matt Bochenek says the funds from Ares will “further fuel our credit portfolio and next-gen platform”.
Reflections on 2022
As we hurtle towards the end of the year, let’s take a look at how my forecasts for 2022 have turned out.
Bevan Money taps Sopra Banking Software for core banking tech
Bevan Money will utilise SBS’ Sopra Banking Platform technology to power its offering.
Broadridge names Martin Koopman as new chief product officer
In his new role, Koopman will head up the product management team across all of Broadridge’s business units.
Keyrock lands $72m in Series B funding round
Keyrock plans to invest in infrastructure development and regulatory licensing.
Open banking fintech Plaid to cut 260 jobs
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
Sunbit lands $250m debt facility to expand access to credit
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
Crypto platform Zumo hires first chief data and analytics officer
Vicky Byrom joins Zumo from paytech firm Modulr.
The courage of our convictions
When it comes to your convictions, you need the courage to stand up for the thing you know is right.
Challenger bank Tonik acquires paytech firm TendoPay
Through the acquisition, Tonik aims to augment its lending portfolio.
Deutsche Bank partners Nvidia to advance the use of AI in financial services
The two firms aim to develop applications that will improve risk management and boost efficiency.
Singapore’s Osome raises $25m in Series B funding
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
Saudi financial super-app Tweeq lands central bank e-money licence
Tweeq leverages Paymentology’s Banking.Live platform and hopes to launch its app soon.
Embedded finance fintech Arex sells Finnish arm to Svea Bank
Svea Bank says the acquisition will “strengthen” its position as a corporate financier.
The great convergence ‒ the encroachment of DeFi into CeFi
Is adopting DeFi concepts in CeFi systems with central governance going in the right direction?
Congratulations to the Banking Tech Awards 2022 winners!
Winners and highly commended of the 23rd annual Banking Tech Awards ceremony.
Aussie crypto exchange Swyftx to lay off 90 employees
The layoffs follow a round of job cuts in August that saw its workforce reduced by 21%.
eBook: Is it time for risk orchestration?
Download this free eBook to learn more about risk orchestration and its application in practice.
Intuit snaps up credit building start-up SeedFi
The deal will see SeedFi become part of Intuit’s Credit Karma business.
SME challenger bank Allica bags £100m Series C funding
Allica says the cash will allow it to “scale rapidly and accelerate its disruptive impact in the UK SME market”.
Keeping faith in net-zero banking in 2023 and beyond
Which banks will stand up and really push the envelope for good?
The Bank of London names former Metro Bank exec Marc Jenkins as new UK CFO
Jenkins will be responsible for “all accounting, finance and corporate treasury” at the bank.
Commerzbank taps Nexi to develop card processing solution
Nexi says the DACH region is an “important potential growth area” for the firm.
Indian lendtech KreditBee bags $80m in Series D funding round
KreditBee says it will use the fresh funds to diversify its product offering and strengthen its tech stack.
Veritex Community Bank taps Finzly to transform payments
The Texas-based bank will utilise Finzly’s Payments Hub solution.
Broadridge’s LTX appoints Jim Kwiatkowski as CEO
Jim Toffey, CEO and co-founder of LTX, will transition to the role of chairman of the board.
Al Rajhi Bank Malaysia launches digital bank Rize
Rize offers a mobile banking app for Malaysian customers.
Centring end-user productivity through a revolutionised desktop experience
How OpenFin is empowering firms to maximise the value of the powerful tools that already exist on their user desktops.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five stories of the week – 2 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
