World-leading biometrics company, Fingerprint Cards AB (Fingerprints™) and leading financial and banking solution provider, Technical Equipment & Supplies Company (Tesco), are collaborating to promote and support the adoption of contactless biometric payment cards in the Middle East.

Lentra, the fastest growing enterprise SaaS company, empowering lenders with a digital lending ecosystem, today announced the appointment of Haribandhu Patra as the Chief Financial Officer (CFO) and Bhuvaneswar Naik as the Chief Human Resource Officer (CHRO). These appointments will enhance Lentra’s ability to rapidly scale-up operations and launch innovative technology platforms that empower banks and financial institutions to democratize credit in India.

Analysis from Freedom Finance, one of the UK’s leading digital lending marketplaces, finds that membership of Credit Unions continues to rise amid a growing hunt for affordable credit products as the cost of borrowing rises sharply and the cost-of-living crisis worsens.

B2B payments company Mondu has announced the appointment of two senior hires to its c-suite. Mondu has welcomed Julian Kurz as CCO and Lauren Hoehlein Joseph as CPO, who will support the expansion of Mondu’s team and product internationally. The appointments follow the company’s $43M Series A round announced earlier this year.

Unizon Fintech today announced the launch of a new platform to deal in unlisted shares in an effective and efficient way. The platform has digitalized a lot of manual processes which were done in a traditional way while dealing with unlisted shares.  Since in an unlisted market, there is no proper price mechanism and the shares are sold at different prices from different shareholders, Unizon’s platform shall show transparently the prices at which shares are traded in the market.

iFX EXPO Asia 2022 is scheduled for 13-15 September and will take place in Bangkok for the first time ever. The largest financial B2B EXPO will be held in the impressive Centara Grand & Bangkok Convention Centre at CentralWorld and will bring together thousands of top professionals from online trading, financial services and fintech industry from all over the world.

This iFX EXPO Edition’s Highlights

Chip, the saving and investing app on a mission to build wealth for our generation, has launched the Prize Savings Account - the first fintech to offer a savings account of this kind. The new easy-access account will give users the chance to win one Grand Prize of £10,000 as well as 250 smaller prizes of £10, each month.

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.