TrueLayer, Europe’s leading open banking platform, today announces its collaboration with Bybit, the third most visited cryptocurrency exchange in the world with more than 10 million users.

The potential for fintech to completely disrupt the status quo in financial services has made it an attractive investment for VCs and investors. The UK’s fintech sector received over £7.6bn in funding this year, jumping ahead of 2021 levels despite the threat of recession. It’s a show of confidence in the industry’s long-term market position and a recognition that there’s more innovation to come.  

Alloy, the New York-based company behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $52 million at a $1.55 billion valuation.

Lightspeed Venture Partners and Avenir Growth led the funding with participation from Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures.

BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB) and Snapdeal in partnership with National Payments Corporation of India (NPCI) and JCB International Co. Ltd. have announced the launch of the Snapdeal BoB JCB RuPay Credit Card. The card is designed keeping in mind the purchase behaviour of shopping enthusiasts and will offer a host of attractive benefits and rewards.

NeoXam, a leading financial software company, has announced a senior leadership promotion, with Florent Fabre stepping into the position of Group Managing Director

With more than 20 years in the financial software industry, Florent has served as NeoXam Chief Operating Officer and member of the Executive Committee since April 2015.

Cornerstone FS, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into an agreement to acquire the entire issued and to be issued share capital of Pangea FX Limited (“Pangea”), a specialist FX and treasury consultancy (the “Acquisition”). The total consideration payable for the Acquisition is up to £200,000 (dependent upon future performance), which is to be satisfied by cash and loan notes.

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that 

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, has completed its digital banking implementation with Helena, Mont.-based Rocky Mountain Credit Union (RMCU) to provide an improved and seamless digital banking experience for the credit union’s members.

NEAR Foundation, the Swiss non-profit that oversees the development of the NEAR Protocol, a next-generation high-speed, low-fee, carbon-neutral blockchain, announced a new campaign to help educate people on the utility of its native NEAR token with Coinbase. 

Digital lending, savings deposits and mobile money are set to be the most promising FinTech sectors in the Philippines going forward, according to analysts from Robocash Group.