04/11 – Weekly Fintech Recap
- Artificial Intelligence , Payments , Banking , Cloud , FinTech StartUps , M&A Deals , People Moves
- 04.11.2022 06:00 pm
NEAR Wallet Users Soar to 20+ Million Thanks to Groundbreaking Partnership with SWEAT Economy
NEAR Foundation, the Swiss non-profit supporting the governance and development of the NEAR protocol, announced a tenfold increase in the number of NEAR Wallet users since the start of this year, rising from 2 million to over 20 million. The sudden rise has been ascribed to NEAR's easy-to-use, highly scalable, climate-neutral blockchain and its successful relationship with SWEAT Economy, the world's most popular workout program.
METACO Partners with OneInfinity by OneDegree for Digital Asset Insurance
OneDegree, the first Asia-headquartered insurer to provide coverage for digital assets, announces that it has entered into a strategic partnership with METACO, the market-leading provider of digital asset custody orchestration technology. The partnership sees OneDegree provide its pioneering digital wallet insurance product OneInfinity to financial institutions that leverage METACO’s flagship digital asset custody orchestration platform Harmonize™.
BlueSnap Partners with Objectsource to Enhance Magento Integration for Evolving EU Market
BlueSnap, the payment orchestration platform of choice for leading B2B and B2C businesses has expandedits partnership with top eCommerce agency, objectsource to support online sellers across Europe. The paytech firm has teamed up with the London-based consultancy to enhance its integration with popular shopping cart plug-in Magento /Adobe Commerce, adding new payment methods – GooglePay and ApplePay, iDeal and Sofort.
Cross-border Payments Leader Thunes Partners with Saudi Arabia’s Leading Fintech Enjaz
Enjaz Payment Services Company, a leading Fintech company licensed by the Saudi Central Bank announceda partnership with Thunes, a global leader in cross-border payments. This agreement will help our customers in Saudi Arabia to make instant international transfers globally to bank accounts and digital wallets using Thunes payment network. The signing ceremony took place at the Seamless Conference held in Riyadh.
Skilling Announces TradingView Partnership
Skilling, the Scandinavian-founded fintech, has announced a partnership with TradingView, the all-things trading platform for traders and the global leader in charting and analysis tools. Traders may now locate, appraise, and trade opportunities through Skilling without leaving TradingView. It will allow consumers of both platforms to chart and trade concurrently for the first time.
Leading UK LendTech DivideBuy Partners with Salesforce to Offer Instant Onboarding for Merchants
DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has announced a partnership with Salesforce, the world's foremost cloud-based customer relationship management (CRM) platform, to offer instant onboarding for DivideBuy’s merchants and partners. LendTech's relationship with Salesforce promises to break merchant onboarding records, boosting POS financing adoption in additional sectors.
Tailwind Partners with Nordigen to Launch a Visual Cash Flow Management Tool
Tailwind is teaming up with Nordigen to provide the next-generation cash flow predictions and visualisations tool based on open banking transaction data. Tailwind is a cash flow management tool designed to help owners and managers of professional services firms save time and instantly see actionable insights. Simplicity, visualisation and ease of what-if modelling are the main advantages of Tailwind.
Liminal Collaborates with Metamask Institutional to Boost Institutional Crypto Adoption
Liminal, a digital wallet infrastructure platform, established a strategic agreement with Metamask Institutional to boost institutional crypto adoption. As part of the agreement, Liminal users may link their Liminal wallets at the click of a button with Metamask Institutional and use it much like they would use the defacto Ethereum wallet programme, MetaMask, with Multi-Sig and all perks of Liminal wallets. Institutional users can now access Defi dApp liquidity.
Ecospend Partners with Whisky Partners to offer ‘Pay-by-Bank’ Services
Ecospend, the UK’s leading open banking payment provider, announced its partnership with Whisky Partners. The firm will begin processing customer payments using Ecospend’s account-to-account payment services.Whisky Partners leads the way in UK and European whisky investments. Its service provides a way for customers to invest in whisky casks, as well as providing expert advice on buying and selling whisky for a maximum return on investment.
IQ-EQ Employs Leading AI Compliance Capabilities with Napier
Napier, provider of leading anti-financial crime compliance solutions, announced that investor services group IQ-EQ is upgrading its screening capabilities to Napier’s AI-enhanced Client Screening. Napier’s Client Screening solution will further enhance IQ-EQ’s existing systems by automatically screening clients at relevant intervals against sanctions, Politically Exposed Persons (PEP) lists, and other key watchlists.
Clearpay Partners With Smart Works To Support Economic Opportunities For Women
Clearpay, the leader in Buy Now, Pay Later (BNPL) payments, has partnered with leading UK charity Smart Works, which exists to give women the confidence they need to secure employment and change the trajectory of their lives. The new cooperation will help more women in the UK succeed. Smart Works uses high-quality clothes and one-on-one coaching to help women realise their full potential.
Finastra and InfoTech Help NBP to Modernize Trade Finance Operations and Boost Growth
Finastra has announced that NBP (National Bank of Pakistan) has implemented Finastra’s Fusion Trade Innovation solution to power its trade finance operations. InfoTech (Pvt) Ltd., a leading systems integrator and Finastra’s exclusive authorized and certified reseller in Pakistan, led the deal and implemented the solution, which will enable NBP to lower transaction costs and provide corporate customers with a superior user experience.
UnionBank Goes Live on METACO Harmonize to Launch Cryptocurrency Services
METACO, the leading provider of digital asset management technology to complex, global financial institutions, announces that Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, has gone live on METACO’s flagship platform, Harmonize, to pilot the launch of crypto services for its clients. UnionBank has a crypto licence from the Bangko Sentral ng Pilipinas (BSP).
UnionDigital Bank Partners with Thought Machine to Power its Digital Banking Platform
UnionDigital Bank, the digital banking subsidiary of Union Bank of the Philippines, announces its partnership with cloud-native banking technology company Thought Machine and has deployed its core banking engine, Vault Core. Thought Machine’s next-generation core technology has enabled UnionDigital Bank to swiftly build its products while offering flexibility, control, and ease of integration with other technology systems.
Karta.io Joins Visa’s Fintech Fast Track Program
U.S. startup Karta.io, the financial OS for e-commerce teams, announced that it joined Visa’s Fintech Fast Track Program. Karta.io may build and expand innovative spend management experiences for businesses and a financial ecosystem for managing company cash flows with improved tools for organising costs and controlling business finances through Visa's Fintech Fast Track Program.
AccessPay and Finastra Announce Collaboration to Deliver Corporate-to-bank Connectivity
AccessPay, the leading corporate-to-bank integration partner, and Finastra, a global provider of financial software applications and marketplaces, have teamed up to remove the challenges and reduce the costs associated with traditional corporate banking’s host-to-host connections. Enabling banks to offer direct connectivity for payments to a wider range of corporate customers, the partnership strengthens corporate relationships.
Phos Launches Tap to Pay Solution in the US with Elavon
Phos, the global leader in software point of sale (softpos) orchestration for businesses, has launched a Tap to Pay solution in North America with global acquirer Elavon. The solution will enable Independent Sales Organisations (ISOs) and Independent Software Vendors (ISVs) in the US and Canada to turn mobile devices into contactless payment terminals. The transaction is the first of many phos seeks as it expands across North America.
Unlimint Expands into the Crypto Space with the Launch of GateFi at Web Summit
London-based global fintech Unlimint announced the launch of GateFi, marking their expansion into the crypto space. The service allows customers throughout the world to seamlessly trade fiat money to crypto and crypto to fiat money. It also acts as a Web3 onboarding solution, opening the doors to Web 3 and DeFi for mainstream users. Unlimint is a global all-in-one fintech that offers sophisticated payment capabilities to startups and companies.
Square Appointments Launches for Irish Businesses
Square, the technology company helping businesses of all sizes more easily run and grow their business with its integrated ecosystem of commerce solutions, announces the launch of Square Appointments. The product is now available to all sellers in the Republic of Ireland and provides a combined solution that integrates booking software with an all-in-one point of sale built for the Beauty and Personal Care sector.
Episode Six and Immersve Partner to Launch World’s Most Decentralised Scheme Payment Card
Episode Six, the leading global payments and banking infrastructure provider, and Immersve, a multichain payments protocol and Scheme card issuer, announced a partnership to facilitate Scheme payments directly from Web3 digital wallets. This partnership brings together Episode Six’s globally distributed issuer processing expertise and Immersve’s blockchain technology to give consumers access to a truly decentralized scheme payment product.
Weavr Announces Singapore Launch at Web Summit
Weavr, a London-headquartered technology provider that empowers businesses with plug-and-play embedded finance solutions, announced its launch in Singapore. Weavr's launch in Singapore, backed by a US$40m Series A round led by Tiger Global, marks its global ambition. Companies are reorienting their business strategies to become more resilient in the face of increased economic instability, inflation, and geopolitical concerns.
NetGuardians Launches Innovative AML Solution Using its Award-winning AI Risk Platform
Award-winning Swiss FinTech NetGuardians, renowned for its enterprise risk platform combating bank fraud, announced the launch of its anti-money-laundering (AML) transaction monitoring solution. NetGuardians has enhanced its NG|Screener platform to monitor money-laundering transactions, bringing financial institutions effectiveness and efficiency.
Wirex Launches New Dual-Asset Yield-Earning Tool
Wirex, a leading crypto wealth and payment platform, has launched DUO, the dual-asset high yield-generating tool that earns users up to 200% returns. DUO will make earning simpler than ever before with guaranteed yield paid in crypto every time. As part of their mission to bridge the gap between the traditional and digital economies, Wirex has brought together the best of DeFi yield generation strategies and traditional financial trading platforms to create DUO.
Zaggle and NPCI Partner to Launch Multiple Credit Cards on RuPay Network
Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends has collaborated with National Payments Corporation of India (NPCI) to issue contactless credit cards on the RuPay network. Zaggle and NPCI along with partner banks would use this platform to launch multiple credit cards to address the ever-growing demand of Corporates, SMEs, and consumers.
Room Zero Launches Innovative AUM & Flow System
Room Zero, an exciting new provider of specialist software to the asset management industry, is supportingGAM Investments in meeting all its needs for Assets Under Management (AUM) & Flow information from across the entire firm with a single, golden source dataset. Room Zero’s cloud-based software stems from the need to join up the datasets springing from the worlds of Finance and Distribution (Sales & Marketing).
Merger & Acquisition
Bakkt to Acquire Apex Crypto
Bakkt Holdings, Inc., a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, has signed a definitive agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. This acquisition will boost Bakkt's bitcoin product offering and expand its footprint to fintechs, trading app platforms, and neo-banks.
impak Ratings Acquires Exerica, a London-based Fintech Data Extraction Firm
impak Ratings, a leading impact analysis and ratings fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities. Exerica’s entire team will be integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software. This will increase manufacturing capacity for impak's high-quality impact assessments, including SDG Alignment and SFDR Freemium products.
United Fintech Expands to Singapore and Appoints Cameron Booth as Head of APAC
United Fintech, the go-to platform for capital markets digitisation, broadens its global reach and expansion of its leadership team with a move into the Asia Pacific market, appointing Cameron Booth as head of APAC to drive its growth. Based in Singapore, Cameron will work closely with United Fintech’s London-based sales team, reporting to Tom Robinson, partner and head of sales, to help scale and distribute United Fintech’s range of products and services to clients.
Agnieszka Noworól Joins Muinmos as Customer Success Director
Agnieszka Noworól, former Head of KYC and Onboarding Solutions at IG, is joining Danish RegTech firm, Muinmos as Customer Success Director and a member of the Management Team. Agnieszka has great leadership abilities and a passion for innovation and digital transformation. She worked six years with IG in Poland as Account Opening Manager for EMEA and Head of Account Opening for EMEA, APAC, and RSA.
Spendesk Appoints Rosenberg as Chief Technology Officer
Spendesk, the 7-in-1 spend management solution for small and medium-sized businesses (SMBs), has announced the appointment of Richard Rosenberg as its Group Chief Technology Officer. Richard will lead Spendesk's engineering staff. As the company expands across Europe, he will guide the security of Spendesk's systems and increase the quality and pace of software product development.
TIBCO Recognised as a Leader in GigaOm Radar for Data Virtualisation
TIBCO has announced it was named a Leader in the 2022 GigaOm® Radar for Data Virtualisation: Enterprise Vendors. GigaOm evaluated the TIBCO® Data Virtualisation application, which received a Leader ranking. The TIBCO Data Virtualisation capabilities, as part of the broader TIBCO platform, support the data fabric journey that customers require to combine, provision, and use their enterprise data.
Nuvei Appoints Vicky Bindra as CPO/COO
Nuvei Corporation, the Canadian fintech company, announces the appointment of Vicky Bindra as Chief Product and Operations Officer, effective November 14, 2022. In this newly created role reporting to Nuvei Chair and CEO Phil Fayer, Bindra will oversee product development and operations, supporting growth across geographies and verticals. His focus will be on tailored solutions and processes to boost Nuvei's customers' revenue. He'll be in SF.
iBroker Joins Spectrum Markets as Newest European Member
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced today it is welcoming iBroker, the Spanish online multi-product broker specialising in derivatives, as its newest member. The broker will extend its current offering to include securitised derivatives, with retail investor clients in Spain and Italy able to trade these via Spectrum.
EBANX Announces Commercial Executive Greg Cornwell as New VP of Business Development, as the Brazilian Payments Fintech Giant Scales its Business Globally
EBANX, a fintech company that specializes in international payments in rising markets, announced the appointment of Greg Cornwell as the Brazilian unicorn’s new Vice President of Business Development. He will report directly to EBANX President of Global Payments, Paula Bellizia, and play a key role in co-leading the fintech’s global sales team, located across the Americas, Asia and Europe.
PXP Financial Announces New Senior Leadership Team
PXP Financial Group, the expert in global acquiring, payment, fraud and data analysis services, announcedthree appointments to its senior leadership team: Katharina Richter-Weiss joins the company as Chief Operating Officer, Salvatore Cicero has been promoted to Chief Technology Officer and Dwaine Thomas has been promoted to Deputy Chief Operating Officer.