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Fintect Futures
08.03.2025
B2B finance platform Flex has raised $225 million in a mix of equity and credit to power the development of its AP function and consumer arm.
Barclays has revealed it could pay out between £5 million and £7.5 million in compensation following a significant tech outage earlier this year.
Our weekly fintech round-up for you to get the latest funding news from around the world. Featuring Cino, myTU, Hands In, and more.
Businesses that fail to integrate AI into their operations risk obsolescence. Those that leverage AI effectively stand to gain a competitive advantage.
UK-based banking tech provider Fintilect has appointed former Kasisto exec Lindsay Soergel as its new CEO, effective immediately.
Here’s our pick of five of the top news stories from the world of fintech this week, featuring Alkami, Ramp, Deutsche Bank and more.
WSFS Bank, a federal savings bank headquartered in Delaware, has partnered with Greenlight for its family finance and literacy app.
San ju San Bank, a regional bank based in Yokkaichi City, Japan, has tapped nCino for its cloud-based mortgage solution.
The UK's Payment Systems Regulator (PSR) has said that the current market "isn’t working well for card scheme and processing services".
07.03.2025
Grain, an Israel-based fintech helping commerce companies tackle FX risks, has emerged from stealth with over $50 million in funding.
Jim Noone has been promoted to CEO of US-based FinWise Bank, holding company FinWise Bancorp has announced.
We are looking to the future and building the future and investing in the future, but we are still doggedly carrying all of the past with us.
The Centre for Finance, Innovation and Technology (CFIT) has unveiled its Digital Company ID plan to ease the "burden of fraud on businesses".
American Eagle Financial Credit Union selects Alkami Technology’s Digital Banking platform as part of its digital transformation strategy.
Finova has appointed Redwood Bank's former CITO Sebastian Mrotzek as its new director of operations, effective immediately.
UAE-based banking group Mashreq has partnered with payments giant Mastercard to support the company's digital bank launch in Pakistan.
UK-based pension and investment mutual Royal London has hired Lee Ellis as its new group chief digital officer.
06.03.2025
Cross-border payments platform Airwallex has inked a definitive agreement to acquire CTIN Pay in Vietnam for an undisclosed sum.
In this podcast episode, hosts Dave and Dharm sit down with Leda Glyptis to demystify the launch of her latest book, Beyond Resilience.
Weavr, a Banking-as-a-Service (BaaS) solutions provider based in the UK, has promoted its COO, Jon Burrell, to the position of deputy CEO.
Rory Tanner of Revolut discusses the challenger bank's product and policy plans with FinTech Futures at FinovateEurope 2025.
Lloyds Banking Group has opened applications for its 2025 Launch Innovation programme, which is designed to support early-stage businesses.
Germany's BaFin has fined the country's largest bank, Deutsche Bank, a total of €23.05 million in three regulatory offence proceedings.
Compliance and security software Behavox has acquired Mosaic Smart Data, an AI-driven market analytics firm, for an undisclosed sum.
UK-based fintech Quantexa has secured a $175 million Series F funding round led by Teachers’ Venture Growth, at a valuation of $2.6 billion.
Banco Santander is set to acquire 89.9% of Tresmares Capital, a Spanish alternative financing and private equity platform, for an undisclosed sum.
Tink co-founders Daniel Kjellén and Fredrik Hedberg have departed the company and are now working on building a new venture called Freda.
05.03.2025
Lloyds Banking Group has unveiled a patented new cybersecurity tool, dubbed the Global Correlation Engine (GCE).
US-based financial operations platform, Ramp, has secured $150 million through a secondary share sale, pushing its valuation to $13 billion.
Nayax has acquired UPPay, a Brazil-based fintech specialising in payment and telemetry solutions for the unattended retail and vending industry.
Beem Credit Union has appointed former Interac exec Oscar Roque as its new chief product and innovation officer, effective 26 March 2025.
Lenkie, a cash flow management start-up based in the UK, has raised £49 million in a mix of equity and debt through a Series A funding round.
The latest free edition of Banking Technology Magazine is out now. Cover story: THE FUTURE IS NOW – Don’t let your imagination hold you back.
Savvy Wealth, a US-based wealth management platform designed for financial advisors, has hired software engineer Eric Hurkman as its first CTO.
UK-based loyalty platform Lux Rewards has been acquired by customer rewards technology provider Enigmatic Smile at an "eight-figure valuation".
04.03.2025
Learn how to optimise AI workloads, enhance resilience, and unlock the full potential of intelligent automation with a hybrid multi-cloud strategy.
First Community Credit Union has teamed up with fintech heavyweight Fiserv to deploy its DNA platform, aiming to upgrade its core banking system.
The CFPB has dropped its case against Capital One, along with numerous other cases initiated during Joe Biden's presidency.
US-based financial services firm SEI has agreed to deal to sell its Family Office Services business to Aquiline Capital Partners for $120 million.
Aux Cayes FinTech has pleaded guilty to operating an unlicensed money transmitting business in the US and has agreed to pay around $504m in penalties.