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United Fintech Acquires Commercial Banking Applications (CBA) With Backing From Leading Global Banks

United Fintech, the industry-neutral digital transformation platform, has announced the full acquisition of Commercial Banking Applications (CBA), a leading banking technology provider specializing in API-driven trade finance and payments solutions. The acquisition was financed by both equity and debt from existing investors, which include four major banks: BNP Paribas, Citi, Danske Bank, and Standard Chartered. This strategic move marks United Fintech’s entry into the commercial banking segment and represents a significant acquisition.

Tuesday, February 4, 2025 - 08:38
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/news/banking/united-fintech-acquires-commercial-banking-applications-cba-backing-leading-global
Financial IT
Dubai Duty Free Partners With TerraPay, Empowering 100 Million+ Customers For Instant Digital Wallet Payments At Dubai Duty Free

TerraPay, a global money movement company, has joined forces with Dubai Duty Free (DDF), the world’s largest single airport retailer, to revolutionize the shopping experience for over 100 million customers. This strategic partnership enables travellers to make purchases using their home-country digital wallets, driving a new era of convenience and accessibility in payment solutions.

Tuesday, February 4, 2025 - 08:33
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/news/e-wallets/dubai-duty-free-partners-terrapay-empowering-100-million-customers-instant-digital
Financial IT
UK’s Aldermore Bank Selects Temenos To Launch New Small Business Savings Notice Accounts

Temenos  today announced that UK-based Aldermore Bank (Aldermore) has selected Temenos SaaS to modernize its existing savings operations starting with quickly launching new savings notice accounts for small businesses.

Tuesday, February 4, 2025 - 08:31
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/news/digital-banking/uks-aldermore-bank-selects-temenos-launch-new-small-business-savings-notice
Financial IT
Algebrik AI And Plaid Join Forces To Simplify Loan Approvals With Smarter, Faster Data Connectivity

Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's 1st cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced its partnership with Plaid, the data network powering the digital financial ecosystem.

Monday, February 3, 2025 - 16:50
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/news/lending/algebrik-ai-and-plaid-join-forces-simplify-loan-approvals-smarter-faster-data
Financial IT
Jump Closes $20 Million Series A Funding Round, Led By Battery Ventures, To Transform Financial Advisors’ Workflows Using AI

Jump, a leading provider of artificial intelligence (AI) solutions for financial advisors and other financial services providers, today announced the successful completion of a $20 million Series A funding round, led by Battery Ventures, with additional participation from Citi Ventures and existing investors Sorenson Capital and Pelion Ventures Partners.

Monday, February 3, 2025 - 16:19
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/news/fundraising-news/jump-closes-20-million-series-funding-round-led-battery-ventures-transform
Financial IT
Pipe Invests In Developer Features To Simplify Integration For Embedded Capital

Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMBs, today announced it has significantly expanded the Pipe Partner Portal with new developer tools. These features make it even easier for developers to embed Pipe’s capital services within their payments and software platforms. Unlike other embedded solutions, Pipe’s investment in developer capabilities supports its “tech-first” approach to enable partners to accelerate the delivery of capital to its small business customers.

Monday, February 3, 2025 - 16:14
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/news/investment/pipe-invests-developer-features-simplify-integration-embedded-capital
Financial IT
Jack Henry And Moov To Implement Visa Direct To Enable Fast, Seamless Payments

Jack Henry™  announced today its collaboration with Visa, the world leader in digital payments, to offer Visa Direct through Jack Henry Rapid Transfers™. The addition of Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is part of Jack Henry’s previously announced alliance with Moov to enable community and regional financial institutions to offer robust and comprehensive digital payment services to consumers and small and medium-sized businesses (SMBs).

Monday, February 3, 2025 - 16:01
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/news/payments/jack-henry-and-moov-implement-visa-direct-enable-fast-seamless-payments
Financial IT
Openbank By Santander Hits $2 Billion In Deposits In The United States

Santander Bank, N.A. (“Santander Bank” or “the Bank”) today announced that the Openbank digital bank platform topped $2 billion in total deposits* since going to market in the United States in the fourth quarter of 2024. This achievement represents a significant milestone in the Santander US business strategy to efficiently boost national deposit acquisition that will fuel its leading Auto lending franchise and transform its Retail Bank.

Monday, February 3, 2025 - 15:57
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/news/banking/openbank-santander-hits-2-billion-deposits-united-states
Financial IT
nCino Announces Appointment Of Sean Desmond As President And Chief Executive Officer

 nCino, Inc. , the leading provider of intelligent, best-in-class banking solutions, today announced the appointment of Sean Desmond as President and Chief Executive Officer and as a member of the company’s Board of Directors, effective immediately. Desmond succeeds Pierre Naudé, who will continue to be actively involved in the Company as Executive Chairman of the Board to ensure a smooth transition.

Monday, February 3, 2025 - 15:54
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/news/people-moves/ncino-announces-appointment-sean-desmond-president-and-chief-executive-officer
Financial IT
Solaris Secures EUR 140 Million Financing Round

Solaris SE, Europe’s leading embedded finance platform, today announced the securing of its Series G funding round. 

The round with a total volume of €140 million was led by SBI Group and Boerse Stuttgart Group, with contributions and equity supportive measures from a diverse group of investors and strategic partners. This funding marks a major milestone in Solaris’s journey, laying the groundwork for sustainable growth and accelerating the company’s path to profitability. 

Monday, February 3, 2025 - 14:10
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/news/fundraising-news/solaris-secures-eur-140-million-financing-round
Financial IT

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