Barbados challenger Sagicor Bank launches on Mbanq’s BaaS platform
Through Mbanq, Sagicor Bank aims to offer customers “branchless” digital financial services.
News
Keep your finger on the global fintech pulse with the latest news.
Cartoon: Changed circumstances
A new cartoon illustrating the journey that once high-flying tech unicorns are facing in the current climate.
UK pensions fintech Smart lands $95m Series E funding
Smart plans to use the funds to expand globally, complete acquisitions and invest in its Keystone platform.
Crypto and banking app Tap Global names Kriyakant Patel as new CEO
Patel joins from Transact Payments, where he has served as CEO for the last nine years.
US paytech Sionic names ex-PayPal exec Susan Currey as chief compliance officer
Currey brings more than 15 years of risk and compliance management experience to the role.
The ultimate guide to purchasing finance software
Download this free guide detailing everything from licence utilisation data to the real benchmarked pricing insights.
FinTech Futures: Top five stories of the week – 12 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
NCR names new chairman and CEO-designates as company separation gathers pace
Joseph Reece joins as chairman of the board with Tim Oliver and David Wilkinson named CEO-designates.
SEC fines HSBC and Scotia Capital over recordkeeping failures
HSBC Securities and Scotia Capital have agreed to pay penalties of $15 million and $7.5 million respectively.
Join the elite panel of judges for Banking Tech Awards 2023
Apply to become a judge for the Banking Tech Awards 2023!
ICYMI fintech funding round-up: Firmbase, ThreatFabric, Viceversa and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
What the FinTech? | S.4 Episode 8 | The future of open banking in the UK
In this episode of the podcast, we’re joined by OBIE chair and trustee Marion King.
US fintech 8fig secures $140m in equity and debt financing
8fig will use the latest funding to continue investing in small and medium-sized e-commerce businesses.
US credit card start-up Petal bags $35m in fresh funding, spins out Prism Data
The new investment will be split between Petal and Prism Data as the businesses look to scale.
First National Bank of Oklahoma selects Teslar to streamline lending processes
The bank will utilise Teslar’s tech to automate its commercial, consumer and agricultural lending workflows.
Webinar: How banks can strengthen security without compromising on performance
How cloud-native services can meet the performance and security demands of tomorrow.
NYAG proposes new legislation to strengthen crypto regulation and protect investors
The proposed bill aims to increase transparency, eliminate conflicts of interest and protect victims of fraud.
Student lender MPOWER secures $150m loan facility from Goldman Sachs
The Washington DC-based lender will use the facility to hand out more loans to international students.
FinTech & InsurTech Digital Congress: The Great Market Purge – how to survive and stay on top
FinTech & InsurTech Digital Congress will be held on 17-18 May 2023 in Warsaw, Poland.
Crypto exchange Bittrex files for bankruptcy protection in the US
The move comes just weeks after the firm announced it would be shutting down operations in the US.
Stripe unveils embeddable fiat-to-crypto onramp for Web3 businesses
The onramp has built-in fraud tools and identity verification to meet KYC and compliance requirements.
Patient billing platform Inbox Health lands $22.5m Series B
With the funding, Inbox Health plans on accelerating its growth by reaching out to more patients.
Online banking start-up Slash launches from stealth with $19m in funding
Slash claims over 20,000 entrepreneurs have signed up to its platform.
Cartoon: Hotel California
A new cartoon illustrating the challenge start-ups are facing to find exits.
TD Bank nixes First Horizon merger citing regulatory approval delays
The merger has been mutually terminated and TD Bank has agreed to fork out $200m in cash to First Horizon.
FinTech Futures: Top five stories of the week – 5 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple’s new savings account sees $1bn in deposits within one week of launch
Forbes reports the savings account attracted $400 million in deposits on launch day alone.
LatAm paytech start-up Liquido launches from stealth with $26m in funding
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
ICYMI fintech funding round-up: Kiwi, Green-Got, Moonsense & more
Our weekly round-up for you to get the latest fintech funding news from around the world.
Global Payments promotes COO Cameron Bready to CEO
Bready succeeds Jeffrey Sloan, who is stepping down as CEO and member of the board from 1 June.
US paytech Finix is now officially a payments processor
The Infrastructure-as-a-Service firm now has direct connections to all major US card networks to process payments.
Uber expands Stripe partnership to give users more ways to pay
The collaboration makes Stripe the global payments partner for Uber across many of its top markets.
US digital banking platform Greenwood acquires neobank Kinly
The acquisition marks Greenwood’s third over the last year.
First Citizens Bank of Iowa and Minnesota moves to the cloud with Finastra
Finastra will migrate the bank’s Fusion Phoenix core solution from on-site hosting to the cloud.
Sharia-compliant challenger Nomo taps Paymentology for digital payments platform
Paymentology’s technology has allowed the bank to offer cross-border transaction services “without high fees”.
Microsoft taps Stripe, PayPal and GoDaddy to launch payments on Teams
North American businesses will be able to accept real-time card payments directly on the Teams platform.
Cartoon: Curmudgeon
A new cartoon illustrating the arbitrary approach to crypto regulation in the United States.
Morgan Stanley reportedly set to cut 3,000 jobs by end of Q2
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
JP Morgan Chase snaps up troubled First Republic from FDIC in $10.6bn deal
JP Morgan has assumed all deposits – insured and uninsured – worth approximately $92 billion from the FDIC.
Tradeweb in advanced takeover talks with Aussie trading platform Yieldbroker
The AUD 125 million ($84m) deal remains subject to Yieldbroker stockholder approval.
