Synechron, a leading global digital transformation consulting firm focused on financial services and technology organizations, is pleased to announce five strategic senior appointments that align with the company’s overall growth objectives.

Finastra, a global provider of financial software applications and marketplaces, today announced it has been selected by LGT to roll out instant payment services in Austria and Liechtenstein, with other markets to follow. LGT will implement Finastra’s payment hub using a model bank implementation approach, to accelerate its readiness to meet the EU instant payments regulatory timeline.

Mangopay, a modular and flexible payment infrastructure provider for platforms, has strengthened its team in the UK and Ireland with the appointment of Jonathan Greenland as a new Sales Director. Greenland joins to increase Mangopay’s market share through establishing relationships with key clients while maximising business opportunities. 

The Konsentus Q1 2024 TPP tracker reveals growth in European third parties regulated to provide open banking services outside of their domestic market and an increase in TPPs authorised to initiate payments on an account holder’s behalf.

Key tracker findings (31st March 2024):

Temenos today announced that ZainCash, a subsidiary of March Holding and a leading payment service provider in Iraq, has gone live with Temenos core banking and payments to power the rapid growth and innovation of its digital payment services.

Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK.

The deal will see Zopa finance the purchase and installation of Octopus solar panels for the energy giant’s millions of UK customers, spread out in up to 84 installments over 7 years. Octopus is the UK’s largest electricity supplier.

Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.

Bread Financial Holdings, Inc. today announced that John J. Fawcett, a seasoned financial services executive, has joined the Company’s board as an independent director. Mr. Fawcett was elected at the Company's Annual Meeting of Stockholders, held Tuesday, May 14, along with nominees Ralph J. Andretta, Roger H. Ballou, John C. Gerspach, Jr., Rajesh Natarajan, Joyce St. Clair, Timothy J. Theriault, Laurie A. Tucker and Sharen J.

AU10TIX, a global technology leader in identity verification and management, today launched a free Risk Assessment Model that enables businesses to conduct an initial assessment of their exposure to operational, security and identity fraud risk.

Although last year saw a slight decline in fines administered for financial crime, the topic remains at the top of the regulator’s agendas. Considering that it takes around two years to collate a business case, there is no doubt that we’ll see further fines in 2024 or at least more reviews from regulators.