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18/11 – Weekly Fintech Recap

Partnerships 

HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan

Saturday, November 19, 2022 - 18:05
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Financial IT
Visa Promotes Ryan McInerney to CEO

Visa has announced that the current president, Ryan McInerney, will be appointed CEO of the banking giant effective from the 1st of February, 2023.

Current CEO, Alfred F. Kelly Jr., who has been serving as CEO since 2016 and chairman since 2019, will become an executive chairman of the board after leaving the role.

Friday, November 18, 2022 - 15:35
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Financial IT
How Banks and Credit Unions Can Prepare for a Recession

Banks and credit unions should be preparing themselves now for the challenging economic environment ahead. Unlike 2008, this potential recession will be radically different due to the increased supply of cash, rising inflation and interest rates, job openings, and wage inflation. Yet, banks and credit unions can’t afford to make the same mistakes. White Clay outlines three ways financial institutions can rise above challenges, remain resilient, and deliver client and shareholder value.

Friday, November 18, 2022 - 15:10
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Financial IT
Cohesity Announces New Data Security Alliance with Industry Heavyweights in Security and Services to Collectively Help Enterprises Win the War Against Cyberattacks

Cohesity has announced that it is partnering with the ‘who’s who’ of cybersecurity to give customers more ways to win the war against cyberattacks. 

Friday, November 18, 2022 - 12:40
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Financial IT
Top 5 Holiday Season Fraud Trends

With International Fraud Awareness Week and the holiday shopping season officially underway, analysts and retailers are diving into customers’ shopping habits. But it’s not just legitimate customers retailers need to be aware of, as fraudsters are just as keen on holiday shopping — and they're already hitting online stores.

Here are some of the top trends we're seeing as we enter the peak of the holiday shopping season.

Friday, November 18, 2022 - 12:31
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Financial IT
Fintech Started by ex-PayPal CEO Shuts Down Only Weeks After Launch

Nirvana Money, a fintech startup founded by former PayPal and Intuit CEO Bill Harris, has shut down less than a month after its launch.

Nirvana was officially unveiled last month, promising a hybrid product combining credit and debit in one "to simplify the way people earn, save and spend".

Based in Miami, the startup has at least 50 employees, according to LinkedIn. Last May, Harris boasted that he would have 200 staffers onboard by the end of 2022.

Friday, November 18, 2022 - 12:26
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Financial IT
Flutterwave and World Record Holder, Tobi Amusan Collaborate to Launch $end Mobile for the African Diaspora

Flutterwave, Africa’s leading payments technology company, today unveiled $endmobile, an app to facilitate the faster and easier transfer of funds from the diaspora to the African continent. Flutterwave also signed Tobi Amusan, the Nigeria-born 100m Hurdles Women’s World Record Holder as $endmobile’s Ambassador; a decision the company says is due to their similarity in speed and resilience.

Friday, November 18, 2022 - 12:03
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Financial IT
Unsung Heroes: Underappreciation Felt by 87% of IT Leaders

Adyen, the global financial technology platform of choice for leading businesses, has today released new research revealing that digital transformation projects are underappreciated by retail and hospitality businesses.

Friday, November 18, 2022 - 11:56
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Financial IT
wefox Chief Data Officer Wins Industry Excellence Award

Robin Jose, Chief Data and Analytics Officer at wefox, has been named as the Chief Data Officer (CDO) of the Year in this years’ Digital Masters Awards. 

Jose is the latest member of the wefox c-suite to be recognised in the Digital Masters Awards.  Fabian Wesemann, CFO and Founder at wefox won the Excellence in Finance award in 2021.

Friday, November 18, 2022 - 11:48
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Financial IT
Plum Ranked No.1 Fastest Growing Fintech in the UK in the 2022 Deloitte Technology Fast 50

Smart money app Plum today announces that it ranked no.1 among fintechs and no.5 overall in the 2022 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK.

Rankings are based on percentage revenue growth over the last four years. Plum grew 7,735 per cent during this period.

Friday, November 18, 2022 - 11:16
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Financial IT

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