Investec taps Surecomp for its digital trade finance tech
Surecomp’s tech will support Investec’s newly formed trade finance business.
Outsourcing
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
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.
Q&A: How Diligent is helping companies transition to a modern back office
FinTech Futures chats with Diligent’s Lisa Edwards about the firm’s GRC and ESG solutions.
SaaS start-up Taktile lands $20m to boost US expansion
The firm claims it has seen “rapid growth” in the US and has tripled its revenues over the last 12 months.
Santander UK picks NCR to run its self-service ATM network
NCR will upgrade, connect and run Santander UK’s network of more than 1,700 ATMs.
Klarna launches new open banking sandbox initiative
With the initiative, Klarna hopes to accelerate innovation in the development of open banking use cases.
Delio appoints former BNY Mellon exec Paul Burleton as COO
At Delio, Burleton will help shape the fintech’s operating model as it looks to expand internationally.
Hamsa: A new investment app for women, by women
Hamsa will offer a recurring investment product with regular payments, designed for women.
Financial wellbeing platform Brightside raises $33m in Series B funding
The firm says it will use the fresh funding to enhance its platform and fuel its growth.
Mexican fintech start-up Mendel bags $60m in fresh funding
Mendel will use the new funds to boost the growth of its corporate expense management platform.
MeridianLink acquires mortgage software solutions provider OpenClose
MeridianLink says the deal will enable their customers “to deliver fast, frictionless mortgage lending experiences”.
DTCC hires new chief security officer, Nashira Spencer
Spencer most recently served as chief technology officer (CTO) at Anywhere Real Estate (formerly Realogy).
Arta Finance exits stealth with more than $90m in funding
Arta raised the capital from Sequoia Capital India, Ribbit Capital, Coatue and more than 140 angel investors.
US real estate platform Prevu buys mortgage tech from shuttered Reali
With the acquisition, Prevu aims to expand its digital buying platform to include mortgage services.
ICYMI fintech funding round-up: Decentro, Sidekick and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Canada’s TouchBistro bags $110m in growth funding
TouchBistro offers a tablet-based point of sale (POS) system and payments solution for restaurants.
Paytech Form3 lands €23m venture debt facility from Atempo Growth
The funding will enable Form3 to explore potential M&A opportunities and launch in new markets.
The Maries County Bank taps Jack Henry for digital transformation
Through the partnership, the bank aims to automate processes and boost efficiency and customer service.
Banking Technology Magazine November 2022 issue out now
Cover story: TAKING THE LEAD – Women are inspiring fintech teams.
Coremont names Balaji Krishnamurthy as new CTO
Krishnamurthy most recently served as a managing director at JP Morgan Chase.
eToro snaps up portfolio management platform Bullsheet
Bullsheet helps eToro users keep track of stocks and analyse the risk and diversification of their portfolio.
B2B paytech Finexio secures $35m Series B at $100m valuation
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
SMB lender Kapitus taps Mambu for its cloud banking platform
The firm will leverage Mambu’s low-code lending engine to power new financing products.
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
BNY Mellon launches new aggregated payments platform Vaia
The bank says Vaia will cut the time needed for businesses to connect with any available payment rails.
Diebold Nixdorf partners Featurespace for real-time fraud prevention tech
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
Delta National Bank & Trust taps Finastra for digital banking infrastructure upgrade
The firm will utilise Finastra’s Fusion Essence and Fusion Payments To Go solutions.
How financial services firms can grow through their digital infrastructure
For FIs, digital infrastructure is broken down into three components: the digital core, the ecosystem, and the edge.
Public Key Infrastructure management: removing complexities with PKI-as-a-Service
The benefits and what needs to be considered by FIs when adopting cloud-based PKI-as-a-Service (PKIaaS).
UBS strengthens cloud partnership with Microsoft
The bank intends to host more than 50% of its applications on Microsoft Azure.
ICYMI fintech funding round-up: Ordo, Plum, Maplerad and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
HSBC taps Oracle to power digital transformation
HSBC will upgrade and migrate select database systems to Oracle’s Exadata Cloud@Customer platform.
HealRWorld set to launch first UN SDG-focused corporate debit card
The debit card, launching soon, aims to reward sustainable businesses.
Belize Bank extends core banking partnership with Finastra
The bank has migrated the operations of Scotiabank (Belize) onto Finastra’s Fusion Essence platform.
Video: BAFT at Sibos 2022 – Collaboration between banks and fintechs
We chat with Tod Burwell of BAFT about how collaboration between banks and fintechs is driving innovation.
US fintech funding round-up: OatFi, Fintor and StandardC
A handy round-up of the recent funding endeavours of fintech companies across the US.
Google Cloud set to accept crypto payments via Coinbase
The partnership, which had been in the works for “many months”, has four parts to it.
HSBC turns to Trade Ledger for digital receivables finance capability
HSBC’s approval process for new receivables finance (RF) customers went from two months to two days.
Google and Santander team to simplify cloud journey for enterprises
Dual Run is built on top of the technology developed in-house by Santander.
