11/07 – Weekly Fintech Recap

  • Artificial Intelligence , Payments , Data , FinTech StartUps , M&A Deals , People Moves
  • 11.07.2022 09:00 am

Partnerships 

Marble and Gemini to Offer Cryptocurrency Rewards for Insurance

Marble, the free platform that makes it easy and rewarding to manage all your insurance in one place, announced that they launched an integration with Gemini, a leading cryptocurrency platform, to offer the ability to redeem Marble points (Marbles) for cryptocurrency. Marble members will now be able to cash out their Marbles for Bitcoin and Ethereum via a Gemini account.

Seedrs Selects Form3 and LHV UK For Instant and Faster Payments

Seedrs, the leading private investment platform with over £1.9BN investments to date, has chosen Form3, the leading cloud-native payment technology provider, and LHV UK, a banking services provider to over 200 fintech companies, to enable it to access UK Faster Payments and SEPA Instant Payments in Europe, to augment its customer offering.

Worldline Partners with Fintech manager.one to Offer to Corporate Cardholders a Seamless Experience for Managing their Business Expenses

Worldline, a global leader in payment services, and Fintech manager.one, winner of this year's Worldline’s E-Payments Challenge, signed a  partnership to smartly manage expense policies on corporate cards. The partnership will combine Worldline’s pan-European Card Issuing Processing platform and manager.one expertise in business expense management.

Mambu Enters Strategic Partnership with Visa

Mambu, a leading cloud banking platform, announced a global partnership with Visa in order to utilise Visa DPS – one of the largest processors of Visa debit transactions globally. The partnership will give Mambu customers a seamless connection to Visa DPS for end-to-end card issuing and processing. Both companies recognised the importance of interconnectivity to meet the growing demand of fintechs along with incumbent financial institutions. 

Archax Selects METACO to Expand Institutional Digital Asset Custody Offering

Archax, a global, regulated, digital asset exchange, brokerage and custodian based in London, has selectedMETACO, the market-leading provider of digital asset custody and orchestration technology to global financial institutions, to underpin and expand its institutional custody solutions for digital assets. Archax is deploying its technology on IBM Cloud in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure.

RSwitch Signs Partnership with EFT to Empower Financial Access in Rwanda

RSwitch, the national e-payment switch of Rwanda, has announced a new partnership with African fintech giant EFT Corporation to enable Rwandans to access their money across all technological platforms. The deal will see RSwitch benefit from EFT’s extensive suite of end-to-end payment solutions, enabling faster transactions between banks, mobile operators and ATMs. 

Chip Enhances the Savings Experience with TrueLayer Payments

TrueLayer, Europe’s leading open banking platform, and innovative wealth-building app Chip, announced their collaboration, delivering an improved customer experience through dramatically faster account payments. Chip offers a variety of options to make saving effortless through an approach that’s tailored to each individual user. 

Klarpay Becomes New Visa Principal Member

Klarpay AG has become a Principal Member of the Visa Network, a world leader in digital payments, to further its mission of democratising global payment, banking, and digital disbursement services for online businesses.Swiss fintech Klarpay AG has signed a global partnership with Visa on becoming a Principal Member of the Visa network – the membership grants Klarpay the ability to access Visa's bank-to-bank cross-border business transactions network, as well as to support direct card issuance.

Riskified Partners with Axerve to Help KIKO Milano Boosting Cart Conversions

Riskified, Ltd., a fraud management platform enabling frictionless E-commerce, and Axerve, a leading Italy-based payments hub that has developed a platform for orchestrating payments worldwide, has launched an extended strategic partnership to offer Riskified’s machine learning solutions, including PSD2 Optimize, to Axerve’s portfolio of customers. 

EasyPark Broadens Customer Offer in New Partnership with UnionPay International

EasyPark introduces a global partnership with UnionPay International card network, the world’s largest cardholder base. UnionPay cardholders can now manage their parking and electric car charging by binding their UnionPay card directly in the EasyPark app. EasyPark now announces UnionPay International as the most recent payment partner to be added to the EasyPark app.

Fintech Radicant and AI Firm Squirro Partner to Bring Deep Insight on Sustainable Investments

Radicant, the first sustainable, digital and collaborative internet-based financial services company which is aligned with the UN's 17 Sustainable Development Goals, is working closely with Squirro. The integration of technology enables radicant to automate decision-making processes and improve customer understanding and service quality.

Financial Platform Tide Partners with Transcorp to Roll-out RuPay Powered Expense Card

Tide, the UK’s leading SME-focused business financial platform that began setting up operations in India in 2020, announced that it has partnered with Transcorp International Limited, a 27-year-old Reserve Bank of India (RBI) regulated Authorised Dealer Category II and perpetual Prepaid Payment Instrument (PPI) license holder, to launch co-branded prepaid cards (Tide Expense Card) as an entry product.

Paytrail and Mastercard Empower Millions of Open Banking Payments in the eCommerce Landscape

The largest online payment company in Finland, Paytrail, and Mastercard announced that their collaboration has reached new heights as they’re now enabling more than one million open banking payments every month, led by European open banking leader Aiia, a Mastercard company. Since 2019, Paytrail and Aiia have been collaborating to accelerate open banking-powered payments in the eCommerce checkout flow.

IQ ZoodPay Integration on Switch Payment Gateway

ZoodPay entered into another strategic partnership agreement with Iraq Electronic Gate for Financial Services Company SWITCH®, a leading payment gateway licensed by Mastercard International and Visa International, which facilitates e-payment services across the country. This partnership sees ZoodPay's BNPL enabled for Switch's network of more than 100 online merchants with a web/app presence.

ING, NXP and Samsung join forces for new method of mobile payment

ING and NXP Semiconductors have developed a payment method that involves pointing your mobile phone in the direction of the person you’re paying. The method is called NEAR and was developed by ING Factory, ING’s workshop for technological customer and payment innovations. ING and NXP are collaborating with Samsung to ensure that the payment method is compatible with their devices. 

 

Launches 

AQRU Trend Launches to Help Retail Investors Beat the Crypto Market while Managing Risk

AQRU plc, an incubator specialising in decentralised finance (DeFi),  announces that its wholly-owned subsidiary, Accru Finance Ltd., has launched AQRU  Trend, a high-return cryptocurrency investment strategy designed to enable retail investors to diversify, capture market upside, limit market downside, and access the competitive returns available in the cryptocurrency market.

Infibeam Avenues Launches CCAvenue Mobile App, World’s Most Advanced Omni-Channel Payment Platform with TapPay

India’s first listed fintech company, Infibeam Avenues Ltd has formally unveiled the CCAvenue Mobile App - The world's most advanced omni-channel payment platform with the revolutionary TapPay solution. CCAvenue TapPay seeks to tap into the Rs 27 billion PoS market in India. The senior officials of the National Payments Council of India (NPCI -the parent entity of RuPay), Visa and MasterCard, as well as financial analysts, banks and industry experts, witnessed the launch of CCAvenue TapPay, on Thursday.

FullCircl Launches HMRC Import & Export Data Extension to Further Boost FSI Due Diligence and Improve Support for Customers Trading Internationally

FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business faster, has launched its latest Premium Data Extension (PDE).  The new HMRC Import and Export Data Pack allows users to understand which of their customers are trading internationally – critical for KYC, AML, and continuous due diligence monitoring.

Starling Bank Launches Bills Manager for Small Businesses

Starling Bank is introducing a Bills Manager for small businesses to help business and sole trader account customers streamline their finances. The new feature gives small businesses the ability to have a Direct Debit or standing order taken from money set aside in any of their ‘Savings Spaces’ rather than their main account balance.

PayPoint Launches Next Business Day Settlement

PayPoint announced the launch of a next business day settlement service for PayPoint One customers signing up to integrated card payments with a PayPoint-preferred acquirer. Initially available to new card payment customers for no additional fee, the service will enable retailers to receive funds from any card transactions directly into their nominated bank account the following business day.

Revolut Business Launches Revolut Reader, its First Hardware Device, Moving into In-person Payment Solutions

Revolut, the super-app with over 18 million retail customers globally and more than 500,000 corporate clients, is launching Revolut Reader in the UK and Ireland. A fast and powerful lightweight card reader, the new product is designed to allow merchants of all kinds to accept payments anywhere, whether their business is in-person or on the go.

 

Merger & Acquisition

WiseTech Global Extends Digital Documentation Offering with Acquisition of Bolero.net Limited

WiseTech Global, a developer of leading cloud-based logistics execution software CargoWise, announced the acquisition of Bolero.net Limited (Bolero) and its subsidiaries, a leading provider of electronic Bills of Lading (eBL) and digital documentation capabilities to facilitate global trade.

Infinigate to Acquire the Nuvias Group, Creating a Pan-European Cyber Security Powerhouse 

Infinigate Group, the pan-European value-added distributor (VAD) of Cyber Security solutions announced the intended acquisition of Nuvias Group’s Cyber Security and Secure Networking business to create a pan-European Cyber Security powerhouse. The merging of the two highly successful businesses establishes Infinigate’s place as a leading VAD focused on Cyber Security in Europe.

Experian Aims to Drive Increased Use of Digital Payslips with Acquisition of PayDashboard

Global information services company, Experian, has announced it is expanding its employer services suite in a move that aims to encourage more organisations to share employee payslips digitally. Through the interactive payslip platform PayDashboard, recently acquired by Experian, employees can better engage with and understand their payslip information, offering HR teams and outsourced payroll service providers greater access to payroll insights through interactive dashboards.

 

Job Moves

Fintech Unicorn Neon Appoints André Madeira, Coinbase and Google Veteran, to Role of Chief Technology Officer

Neon, a fintech company and digital bank focused on improving the lives of working Brazilians, announced the appointment of André Madeira as the company’s new Chief Technology Officer (CTO). Madeira brings extensive knowledge in engineering to the role, along with expertise in building scalable products for the masses from his stints at Google, Snap, and Coinbase.

ICOA Announces Appointment of Chairman & Chief Strategy Officer

ICOA Inc., a publicly-traded Nevada-based company that acquires and operates blockchain-driven ventures, announced its appointment of Jeffrey Coats as Chairman and Chief Strategy Officer. As part of his role, Jeffrey will oversee ICOA’s investor relations and banking relationships, as well as the required financial and corporate activities to position the company for a future NASDAQ up-listing.

Neo-bank Major Niyo Appoints Jagadish B as its Head of Human Resources

Niyo, India’s leading consumer neo-banking platform, has appointed Jagadish B as its Head of Human Resources. Jagadish brings with him 25+ years of leadership experience in people processes. Prior to joining Niyo, he was associated with Thinksynq Solutions Pvt. Ltd as a partner. In the past, he has held HR leadership positions for India’s two leading telecom companies - Vodafone and Bharti Airtel.

Supervisory Board appoints Sabine Mlnarsky as Chief Human Resources Officer of Commerzbank

At its meeting today, the Supervisory Board of Commerzbank appointed Sabine Mlnarsky to the Board of Managing Directors of the Bank with effect from 1 January 2023. She will assume responsibility for the Group Human Resources division. As Chief Human Resources Officer and Labour Relations Director, she is succeeding Sabine Schmittroth, who, in line with her personal life planning, is leaving Commerzbank when her contract expires at the end of 2022.

American Express appoints Hannah Lewis to UK Country Manager

American Express has announced the appointment of Hannah Lewis as UK Country Manager and Senior Vice President, Head of UK for International Card Services which includes the UK consumer and commercial card businesses. She previously held the role of Vice President, Head of UK Consumer Products, Marketing and Brand. 

Pismo Appoints Ross Larter as its New Engineering Director

Pismo, one of the world’s fastest-growing banking and payments Software-as-a-Service (SaaS) firms, announces Ross Larter as its new Engineering Director. Based in Bristol, UK, Larter will be responsible for structuring the technical team, expanding the company’s solutions, and supporting processes related to Pismo’s globalisation strategy.

Identity Specialists IDnow Appoint New Vice-President Engineering

IDnow Group, a European leader in identity verification and digital identity, appoints Jean-Marc Guyot as Vice-President of Research and Development (R&D). His main responsibility will be the further unification and development of one joint platform for the European market. Jean-Marc Guyot’s appointment will engage a new dynamic in the R&D department, with the aim of driving best-in-class engineering teams and meeting the group’s ambitions of leading the way in identity verification.

Sentinels Drives UK Expansion with the Appointment of London-Based Chief Commercial Officer

Sentinels, a Fenergo company and Europe’s leading intelligent transaction monitoring platform, has appointedAdrian Jenkins as Chief Commercial Officer (CCO), aiding the company’s expansion in the UK – a dominant global financial hub and a hotbed for fintech innovation. London-based Adrian brings more than two decades of B2B enterprise sales and revenue experience to the role.

Related News