Power to the people: How Zenus Bank aims to democratise access to banking
FinTech Futures sits down for a chat with Mushegh Tovmasyan, founder of Zenus Bank.
USA
How fintechs can prepare for Dodd-Frank Section 1071 with compliance automation
Learn how to be ready for any and all consequences once the 1071 regulations hit.
US paytech Pagos lands $34m in Series A funding
With the funds, Pagos plans to expand its engineering team and develop its product suite.
Remitly to wind down digital banking app Passbook
All Passbook accounts will be closed on 1 May 2023.
Trade financing platform Marco lands $200m credit facility, $8m equity
Marco says the combined funding will support its ambition to “close the $2 trillion global trade finance gap”.
US fintech Finch lands $40m in Series B funding
The round was co-led by General Catalyst and Menlo Ventures.
MoonPay names former Coinbase exec Asiff Hirji as new president
According to Bloomberg, Hirji assumed the role earlier this month, joining from Figure Technologies.
Panamax expands global reach with Acute Informatics acquisition
Panamax’s CEO says the acquisition of India-based Acute is a “strategic move to expand our horizons”.
Wells Fargo launches digital financial planning platform LifeSync
LifeSync, available from March, will sit within the Wells Fargo mobile app.
Varo Bank appoints Wook Chung as chief product officer
Chung most recently served as vice president of product, design and engineering at SoFi.
Shawbrook Bank taps Pegasystems for automated underwriting solution
Pega claims its low-code platform will save Shawbrook underwriters 1,500 hours a month.
Northern Ireland renaissance: how US companies sparked Northern Ireland’s global fintech hub
Northern Ireland is the world’s top region for both new software development and fintech inward investment projects.
Santander Bank picks SigFig to modernise client investment experience
Via the partnership, the pair have developed Santander PathFinder, an automated investment management tool.
Wells Fargo lays off hundreds of its mortgage bankers
The job cuts were made in response to “significant decreases” in mortgage volumes, Wells Fargo says.
US president Joe Biden nominates former Mastercard CEO to lead World Bank
Ajay Banga has been nominated to lead the World Bank following the resignation of David Malpass.
American Fintech Council appoints Phil Goldfeder as CEO
Goldfeder brings more than two decades of experience working in the private and public sectors.
Property analytics firm CoreLogic acquires mortgage tech platform Roostify
The acquisition will see CoreLogic integrate Roostify’s platform with its own data, analytics and workflow solution.
Arvest Bank launches new lending product powered by Thought Machine
Arvest claims it is the first US bank to offer lending capabilities on Thought Machine’s core.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
Banesco USA taps AML RightSource for automated due diligence solution
Banesco will deploy AML RightSource’s Automated EDD (Enhance Due Diligence) solution.
Extended deadline announced for Banking Tech Awards USA 2023 nominations
The new deadline for nominations is now Friday, 24 February 2023. Apply today!
FSB to study DeFi’s potential stability risks and vulnerabilities
The FSB states that “specific features” of DeFi may see some of its vulnerabilities “play out differently”.
Payoneer lands UK e-money licence from FCA
Payoneer secured the EMI via its subsidiary Payoneer Payment Services UK.
North America fintech funding round-up: Vexi, Comun, ModernFi & more
A round-up of the latest funding endeavours of fintech start-ups from across North America.
Financial market data provider Quodd acquires Xignite
The combined business will serve more than 2,200 companies.
AI regtech WorkFusion names Arthur Mueller VP of financial crime
Mueller joins from Rabobank North America where he served as AML and sanctions officer for more than six years.
Citizens Financial Group taps Paymentus for bill pay and money movement services
Through the partnership, Citizens will deploy Paymentus Bill Center and Paymentus Loan Payments.
Dragonfly makes C-level hires as firm expands partnerships and portfolio
Alongside the senior appointments, the firm says it has also expanded its development and product teams.
PayPal reportedly halts work on stablecoin offering
PayPal is hoping to get a clearer understanding of the evolving regulatory landscape, Bloomberg reports.
FIS reveals plans to spin off merchant business unit
FIS expects the spin-off to be completed within the next 12 months.
PayPal CEO Dan Schulman to retire by end of 2023
PayPal says it will begin its search for Schulman’s successor imminently.
Global Technology Partners names Olaseni Alabede as new CTO
Alabede was previously vice president of product development in Mastercard’s installments business.
US fintech funding round-up: Wink, Blip, Upwardli and Inkle
A handy round-up of the recent funding endeavours of fintech companies across the US.
Finzly opens up access to FedNow via API connection
Developers from fintechs and banks can now access the sandbox environment of FedNow via Finzly’s API.
BNPL fintech Affirm lays off 19% of workforce, nixes crypto offering
The company intends to double down on its core business while “sunsetting” initiatives including Affirm Crypto.
Inter&Co acquires real estate investment start-up YellowFi
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Pipe Technologies appoints Luke Voiles as its new CEO
Voiles joins Pipe from Square, where he served as general manager of Square Banking.
CFPB proposes new rule to curb excessive credit card late fees
According to CFPB estimates, excessive fees cost American families about $12 billion each year.
Non-profit Commonwealth begins second phase of partnership with JP Morgan Chase
Commonwealth and JP Morgan Chase are examining how new tech can reduce wealth inequality in the US.
US neobank Oxygen bags $20m Series B, appoints new CEO
Former Sber CTO David Rafalovsky joins Oxygen as CEO, replacing founder Hussein Ahmed.
