Allica Bank taps SurePay for Confirmation of Payee solution
With Confirmation of Payee, Allica customers will be protected from fraud and misdirected payments.
News
Equiniti unites trio of businesses under new lendtech brand, Lenvi
Lenvi is a combination of Equiniti’s EQ Credit Services, EQ Riskfactor, and EQ KYC Solutions.
Business banking fintech Moniepoint names Pawel Swiatek COO
Swiatek joins Moniepoint from Capital One, where he served as managing vice president for over four years.
Wearable paytech Digiseq names Angela Davies as head of partnerships
Davies will use her expertise and connections to promote Digiseq services to banks, issuers and processors.
French fintech Aria bags €50m debt facility
Founded in 2020 and based in Paris, Aria offers an API-led B2B financing solution.
Nubank appoints former Meta crypto head David Marcus to board
Marcus previously spent seven years at Meta and co-created the firm’s cryptocurrency Diem (formerly Libra).
US regtech Droit lands $23m Series B funding
The round was led by Pivot Investment Partners and UBS via its venture arm UBS Next.
Blockchain trade finance firm Marco Polo reportedly enters insolvency
According to The Irish Times, the firm’s liabilities have outstripped its assets by €2.5 million ($2.6m).
Griffin secures UK banking licence with restrictions from PRA
Griffin will now be able to operate as a bank in the UK with deposit-taking restrictions.
Nationwide Building Society in retail payments tech revamp with Form3 and Accenture
Nationwide will migrate all types of retail payments from an on-premise platform to the Form3 cloud.
French fintech N2F lands €24m funding to fuel expansion plans
N2F is looking to expand across Europe and will recruit 200 new employees over the next five years.
UK lender Abound secures £500m in equity and debt financing
The company plans to grow its loan book and boost its staff headcount.
Brazilian central bank gives Meta the go-ahead to launch WhatsApp business payments feature
Customers will soon be able to make payments to small businesses directly from WhatsApp.
RBI fines Amazon Pay’s India unit $374,000
The central bank claims Amazon Pay India didn’t comply with “certain provisions” of KYC and PPI directions.
PayTech Awards nominations close in two weeks!
The deadline for nominations is Friday 17 March, so don’t leave it too late!
US challenger Varo Bank reportedly raising funds at reduced valuation
Fintech Business Weekly reports the firm is raising $50m at a $1.8bn valuation, a 28% decline in value.
Africa’s Ecobank Group names Jeremy Awori as CEO
Awori brings more than 25 years of banking industry experience to the leadership role, Ecobank says.
Budgeting app Buddy taps Klarna Kosma for automatic expense tracking
The partnership has resulted in 52% more monthly active users for Buddy, Klarna Kosma says.
FinTech Futures: Top five stories of the week – 3 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
German challenger N26 loses its chief risk officer
Thomas Grosse has quit the firm citing personal reasons. A successor has yet to be named.
TrueNorth appoints Doug Woolridge as new chief growth officer
Woolridge joins from EPAM Systems and brings over 25 years of experience to his new role.
Aussie BNPL firm Zip reportedly set to retreat from 10 international markets
Zip expects “significant” amounts of cash to roll in due to these exits, with positive cashflow expected by 2024.
Intesa Sanpaolo partners IBM to upgrade its IT infrastructure
Intesa Sanpaolo will utilise the IBM z16 platform to bolster its cybersecurity operations.
Dogs Trust taps Currensea to launch debit cards and boost donations
Customers will be able to make donations to the charity by rounding up spending from the card.
ICYMI fintech funding round-up: Archway, Finway, iLex and more
A handy round-up of all the latest funding endeavours by fintech companies across the world.
Aussie central bank reveals participants and use cases for CBDC pilot
The selected industry players will participate in use case proposals over the coming months, the central bank says.
MFS Africa partners Western Union to broaden financial inclusion
The service will see funds from across the globe move through payment rails operated by MFS Africa.
Thunes appoints Victor Lucena as new head of Latin America
Lucena has previously worked for financial services firms including Binance, Rapyd, Worldpay and PayU.
Canadian insurance and investment fintech Equisoft lands $125m in funding
The funding saw participation from new investors Investissement Québec and the government of Québec.
BNPL giant Klarna posts £1bn loss for 2022
Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.
Quantifind bags $23m in funding to help firms combat financial crime
Quantifind’s SaaS solutions help banks and financial institutions tackle money laundering and fraud.
Bahrain fintech Sinnad appoints Rana Almaeeli as CEO
Almaeeli has held several senior roles at Sinnad, most recently as general manager for more than 11 years.
Thought Machine plans to boost headcount by 20% in 2023
Thought Machine intends to hire across India, Japan and South Africa for the first time.
Tudi taps ThetaRay for transaction monitoring solution
Through the partnership, ThetaRay will provide Tudi its Sonar transaction monitoring solution.
Swedish paytech Zimpler names Stefan Andersson as chief product officer
Andersson will join Zimpler’s leadership team and report directly to CEO Johan Strand.
Xero appoints former Google exec Diya Jolly as chief product officer
Jolly joins Xero from Okta, where she served as CPO.
Centre for Finance, Innovation and Technology launches to boost UK fintech
CFIT will bring together “coalitions of experts” across finance, technology, academia and policy.
Revolut records first full year of profitability, plots global expansion
In its long-awaited annual report, Revolut says it recorded £26.3 million in profit for 2021.
Nationwide taps Board to upgrade financial planning capabilities
Board will “replace and transform” Nationwide’s financial planning processes and systems.
Copal launches Egypt’s first family payments app with Mastercard
Copal aims to provide a “seamless and innovative” cashless payments experience for all family members.
