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Fintech Chief: Community Banks – Continue Taking Your Customers for Granted, and You’ll Go Extinct

As the US approaches a recession, if community banks continue taking customers for granted, they’ll risk going extinct, warns Adam Turmakhan, CEO of TurmaFinTech.

TurmaFinTech is a Florida-based startup that offers bespoke customer data platforms to US community banks and credit unions. The firm helps these institutions manage, analyze and monetize their customer data to fight technological lag and customer churn. 

Monday, May 12, 2025 - 18:10
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Financial IT
Stash Secures $146M Series H to Lead the Next Era of AI-Driven Financial Guidance

Stash, the revolutionary platform helping millions build financial futures, announced today that it has secured $146 million in an oversubscribed new Series H funding through a round led by Goodwater Capital, with participation from returning investors Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation, as well as funds and accounts advised by T. Rowe Price Investment Management, Inc.

Monday, May 12, 2025 - 18:01
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Financial IT
ila Bank Partners With Mastercard to Launch Innovative Solutions and Expand Into New Markets

ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank’s proposition across consumer products, launching new affluent, travel products and loyalty offerings.

Monday, May 12, 2025 - 17:55
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/news/digital-banking/ila-bank-partners-mastercard-launch-innovative-solutions-and-expand-new-markets
Financial IT
Yorick Naeff Appointed as Head of Innovation at ABN AMRO

ABN AMRO is proud to announce that Yorick Naeff will begin his role as Head of Innovation in the Innovation & Technology department on February 1, 2026. Yorick, currently CEO and co-founder of BUX, brings nearly 20 years of valuable experience in the financial sector. He has worked as a strategy consultant and senior manager at ING and has an impressive network within the European technology and fintech sectors.

Monday, May 12, 2025 - 17:49
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/news/people-moves/yorick-naeff-appointed-head-innovation-abn-amro
Financial IT
Medius Appoints Gary Hall as Chief Product Officer to Drive Product Strategy

Medius, a leading provider of AP Automation and Spend Management solutions, has today announced the appointment of Gary Hall as its Chief Product Officer (CPO). 

Monday, May 12, 2025 - 17:24
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/news/people-moves/medius-appoints-gary-hall-chief-product-officer-drive-product-strategy
Financial IT
Wise Appoints New Head of Banking for Latin America and Country Manager for Brazil

Wise, the global technology company building the best way to move and manage the worldʼs money, has announced the appointment of former Western Union executive Ricardo Amaral as its new Head of Banking for Latin America and Country Manager for Brazil. This strategic hire is a key component of Wise's ambitious expansion in the Americas. It follows Wise's recent launch in the Mexican market and approval for direct connection to Brazil's Instant Payment System SPI - infrastructure that enables Pix).

Monday, May 12, 2025 - 17:21
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/news/people-moves/wise-appoints-new-head-banking-latin-america-and-country-manager-brazil
Financial IT
MoneyNext Announces Agenda for UK’s Leading Banking Transformation Summit

Take a front-row seat to the future of banking innovation as  MoneyNext announces the full agenda and speaker lineup for Banking Transformation Summit  2025. 

Monday, May 12, 2025 - 16:09
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/news/fintech-startups/moneynext-announces-agenda-uks-leading-banking-transformation-summit
Financial IT
Apiture and Cornerstone Advisors Join Forces to Help Financial Institutions Evaluate Their Strategic Use of Data

Apiture, a leading provider of digital banking solutions, today unveiled new research in partnership with Cornerstone Advisors about financial institutions’ ability to manage data effectively. 

Monday, May 12, 2025 - 15:38
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/news/data/apiture-and-cornerstone-advisors-join-forces-help-financial-institutions-evaluate-their
Financial IT
Xace Expands Operations Into Cyprus to Strengthen EU Presence

Xace, a leading provider of digital payment accounts and financial infrastructure for high-growth sectors such as fintech, iGaming, and digital assets, is proud to announce the expansion of its operations into Cyprus.

Monday, May 12, 2025 - 15:30
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/news/digital-banking/xace-expands-operations-cyprus-strengthen-eu-presence
Financial IT
NymCard Launches Open Finance Services Under CBUAE Open Finance Regulation

NymCard, the MENA region’s leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE’s Open Finance regulation. 

With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform.

Monday, May 12, 2025 - 12:32
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/news/regtech/nymcard-launches-open-finance-services-under-cbuae-open-finance-regulation
Financial IT

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