The importance of card and mobile money interoperability in Africa
For the African fintech revolution to reach its true potential, interoperability needs to be completely borderless.
Digital
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.
US asset management platform Ethic lands $50m Series C
Ethic’s vision is to create “a world in which all investing is sustainable investing”.
Customer experience management platform Boomtown rebrands as OvationCXM, raises $20m
The latest round brings the company’s overall capital raised to date to more than $40 million.
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”.
The anti-ESG brigade, the finance industry and the green potential of Africa
We are entering interesting times in the ESG and climate change debate.
US fintech Kafene lands $18m in Series B funding
The new funding will be used to increase Kafene’s employee headcount and onboard more merchants onto its platform.
Lemonade
Don’t assume there’s a plan. You’re much better off assuming the world is on fire.
FinovateFall 2022: The key to successful partnerships in financial services
At this year’s FinovateFall, a group of industry experts tackled the topic of bank-fintech collaboration.
US digital bank for migrants Majority lands $37.5m Series B
Majority says it will deploy the new funds towards enhancing its suite of essential services.
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.
Former Citi banking veteran joins leadership team of challenger bank Zolve
Freiberg was co-chairman and CEO of Citigroup’s global consumer group for three decades.
First Tech Federal Credit Union taps Pegasystems for unified CRM
Pega’s CRM platform will consolidate four different back-office systems at First Tech FCU.
US fintech Bankjoy appoints Michael Carroll as its new CTO
Carroll will oversee the development of technology, supporting Bankjoy’s digital service ecosystem.
How to drive digital innovation without alienating your consumer base
Digitisation risks alienating retail customers who might not be ready to take the digital plunge.
Finalytics.ai helps Visions Federal Credit Union “humanise” digital experiences
The Finalytics.ai digital experience platform increased conversion rates more than 270% at Visions FCU.
Fintech Innovation Challenge looks for fintechs focused on low-income women’s market
Applications for the Fintech Innovation Challenge are open until 15 September 2022.
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.
FTC orders Credit Karma to pay $3m for “misleading” consumers
Credit Karma says it disagrees with the FTC’s allegations but that it has reached an agreement.
Are challenger banks now facing challengers of their own?
For the first time in their short history, the challengers are now being challenged themselves.
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.
FNZ set to acquire German wealthtech provider Diamos
The acquisition will equip FNZ with additional wealth management product and service solutions.
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.
US bank Truist promotes Mike Maguire to CFO
Maguire will succeed current Truist CFO Daryl Bible following his retirement.
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.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
White paper: Financial services marketing – how to leverage referrals
This free referral marketing guide explains how a brand can flourish by utilising customer-specific tactics.
US fintech Allvue names Dan Streetman as its new CEO
Streetman will be tasked with leading the company’s culture, strategy, operations and expansion plans.
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.
We were all beginners once
Be intentional in finding new voices. And be intentional in elevating them.
Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
ICMA names Georgina Jarratt as head of fintech and digitalisation
Jarratt has 30 years’ worth of experience across financial services, telco and utilities.
Gen Z investors want more than crypto and meme stocks
The key thing missing from many banking and investment platforms is personalisation.
Liberty Bank to launch new digital bank for small businesses next year
The new digital bank for small businesses will operate as a separate entity under Liberty Bank.
What do BLT and digital identity have in common?
Digital identity should be palatable and accessible for all businesses.
Fintech and its impact on the agricultural sector
Fintech can help connect farmers with finance and boost financial inclusion.
UBS, Wealthfront nix $1.4bn acquisition deal
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
