Partnerships 

AllianceBernstein Selects Aiviq for Client AUM and Flow Data Products and Services

Aiviq, a leading cloud-based SaaS business for the global asset management industry, announced a multi-year deal with AllianceBernstein (AB), a global investment management firm, to provide client assets under management (AUM) and flow data management products and services for AB’s international business.

PXP Financial, Mastercard and Payall Collaborate to Take the Pain Out of Cross-border Payments

PXP Financial announced a new collaboration with global technology company Mastercard and payments infrastructure provider Payall, to deliver safe, compliant and efficient cross-border payments and international money transfers. This collaboration offers inclusive payment capabilities that enable PXP Financial's customers to send funds to their partners, employees and suppliers safely, efficiently and more conveniently than ever.

Axiom Bank, N.A. Partners with White Clay to Enhance Data Strategy

White Clay, a company that helps community and regional financial institutions improve relationships and increase revenue, announced its partnership with Axiom Bank, N.A. Axiom Bank has plans to partner with fintech companies to accelerate the growth of its core business. Several members of the bank’s management team had previous experience working with White Clay and appreciated the company’s technology and expertise.

Surecomp and Contour Enter Strategic Partnership to Accelerate Interoperability Between Digital Trade Finance Solutions

Surecomp announced that it is partnering with Contour, one of the global digital trade finance networks, as part of a collaborative vision to drive the digital transformation of trade finance across financial institutions. Surecomp has over 35 years of expertise digitising trade finance processes and its integration with Contour’s decentralised network of banks and corporates will provide users with a fully integrated end-to-end trade service solution.

Sparxpres Partners with Trifork and Tuum to Offer Future-proof Card and Financing Platform

NextGen IT company Trifork and modular core banking technology provider Tuum have entered into a partnership to provide a bespoke card and financing platform to the Danish financial institution Sparxpres, part of Spar Nord. The agreement covers the creation of the platform and five years of subsequent development and operational support. Sparxpres offers competitive digital financing and credit solutions for private customers, as well as gift card solutions for local councils and nationwide retail chains.

GoCardless Partners with Zapier to Automate Payment Processes Across 5,000+ Apps

GoCardless, a global leader in bank payment solutions, has integrated with Zapier, the leader in no-code automation, to help businesses save time and energy when managing their payments. Businesses can now build Zaps for GoCardless, eliminating manual labour for routine and repetitive tasks, such as creating a new payment mandate or tracking failed payments. Zapier’s platform includes over 5,000 apps, making it easy for businesses to connect GoCardless to the software they use every day.

New Partnership Brings Forter’s Fraud Prevention Solution to Wix Merchants

Forter, the Trust Platform for digital commerce, announced its partnership with Wix.com Ltd., a leading global SaaS platform to create, manage, and grow an online presence. The partnership delivers Forter’s accurate, real-time decisions to Wix merchants in certain countries — increasing their approval rates, reducing fraud and delivering superior customer experience.

PwC UK Picks AI Quality Leader TruEra to Collaborate on AI Risk Management

TruEra, which provides the first suite of AI Quality management solutions to test, explain, debug and monitor Machine Learning (ML) models, announced that it has been selected by PwC to collaborate on AI Risk Management in the UK and Ireland. Key elements of the collaboration include using TruEra’s software to validate AI/ML models as part PwC’s AI risk methodologies and more. 

iDenfy Confirms Partnership with GOAT Finance to Provide Identity Verification

iDenfy, full-stack identity verification, compliance, and fraud prevention startup, announced partnering with GOAT Finance, a Lithuania-based P2P/OTC exchange service provider. From now on, iDenfy’s full-stack solution will help verify GOAT Finance customers and deter fraud in real-time. While there’s a narrative about certain obstacles companies face when implementing Know Your Customer (KYC) processes, iDenfy claims that cryptocurrency exchanges, in particular, benefit from regulatory compliance security-wise.

Aubrey Capital Management Partners With Aramea Asset Management To Further Commitment To Germany

Aubrey Capital Management, the Edinburgh and London-based specialist global equity manager, has announced that it is partnering with Aramea Asset Management, one of Germany's largest independent asset managers, to further its commitment to the German fund market. The partnership will enable Aubrey to work closely with Aramea and its subsidiary company Punica Invest to offer the necessary support and expertise to distribute Aubrey's suite of products successfully.

Finastra and Uni Systems Extend Collaboration to Enable Financial Institutions to Meet New Risk Management Regulation

Finastra and Uni Systems have extended their partnership to help financial institutions in the Adriatic, Central and Southeast Europe regions comply with the Basel Committee’s Fundamental Review of the Trading Book (FRTB) reporting requirements, effective in 2025. Under the new agreement, Uni Systems can offer its customers Vector Risk’s Trading Book Market & Credit Risk Solution, via Finastra’s FusionFabric.cloud and hosted on Microsoft Azure, for cloud-based automation of credit and market risk calculations in the trading book.

Noda Chooses ThetaRay AI Solution to Monitor Open Banking Services

Noda, an open banking fintech, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced they will collaborate to enhance payment monitoring and compliance capabilities on Noda’s growing platform that is supporting the new digital economy in Europe. Headquartered in the UK, Noda is helping online merchants in Europe receive direct bank payments from eCustomers via a secure and instant one-stop Open Banking payment solution.

MANGOPAY and PayPal Expand Cooperation to Provide Advanced Solutions for Marketplaces’ Complex Payments Needs

MANGOPAY, the platform-specific payment infrastructure provider, and PayPal, a global leader in online payment solutions, announce the strengthening of their long-term strategic cooperation to provide marketplaces with quick access to PayPal’s global payment methods and capabilities. This cooperation will allow marketplaces to easily build a dynamic payment experience and provide additional choice to their end-users by making PayPal available.

Ukrainian Processing Centre (UPC) Chooses Tietoevry Banking as a Partner to Offer Open Banking Services

Ukrainian Processing Center (UPC) and leading software and services company Tietoevry Banking announceda partnership to develop open banking services in Ukraine. The partnership will enable UPC to be the frontrunner in open banking platform with a modern and standardized way for Ukrainian financial institutions to access value-added services through the open API marketplace.

Tarabut Gateway Partners With Rain To Accelerate Crypto Payments In Mena

Tarabut Gateway, the largest open banking platform in the MENA region, announces its new partnership with Rain, the first regulated crypto assets trading platform in the region. The partnership is the company’s first collaboration with a crypto asset service provider. It will bring about faster, cost-effective fiat-to-crypto transactions to Bahrain end-users and enable funding payments directly from user bank accounts without the need to leave Rain’s platform.

Sumsub Partnerships with TrueNorth to Digitally Transform Global Banking

Sumsub, a global all-in-one verification platform, has teamed up with TrueNorth, a leading fintech software development company, to help banks in the US and beyond expand to global markets and digitize their services. Sumsub is a proven leader in regulatory compliance for the fintech industry. Sumsub’s platform lets businesses orchestrate the verification process, welcome more users worldwide, speed up onboarding, and stop digital fraud with customizable KYC, KYB, KYT, and AML solutions.

Launches 

Qik Banco Digital Dominicano Launches on the Temenos Banking Cloud

Temenos announced that Qik Banco Digital Dominicano has launched on Temenos Banking Cloud, becoming the first digital-only bank in the Dominican Republic. Part of Grupo Popular, Qik combines more than five decades of banking experience with the operational agility and cutting-edge digital experiences enabled by the Temenos platform. One of the largest financial groups in Latin America with operations in the Dominican Republic and Panama, Grupo Popular has assets of more than $13 billion and more than 2 million clients.

BankiFi and Financielle Launch Playbook Helping Business Owners Get Time Back

Manchester-based fintechs, BankiFi and Financielle announced the joint launch of a new playbook for small-to-medium-sized enterprises (SMEs), giving business owners back their most valuable asset - time. The new playbook has been designed to help SMEs, especially those that are female-led, to tackle some of the most common problems associated with small business management.

Worldline Brings Global Payment Solutions to Web3 with Solana

Worldline, a global leader in payment services, has launched a strategic initiative with Solana, a high-performance blockchain platform designed for decentralised applications and Web3 use cases such as gaming. This initiative, supported by the Solana Foundation, will allow all projects building on Solana direct access to Worldline’s Payment Orchestration platform. These projects will be integrated, allowing for providers to route payments automatically while offering the lowest fees and highest conversion.

NICE Actimize Launches Real-Time Money Mule Defense Solution to Detect Illicit Activity Throughout the Entire Customer Lifecycle

Traditional payments monitoring systems often do not detect money mules' movements as they secure illicit funds from financial institutions. To address this problem, NICE Actimize, a NICE business, announced its cloud-first Money Mule Defence Solution designed to detect, investigate and prevent mule account activity occurring throughout the entire customer lifecycle for both existing customers and new accounts.

CRIF and iwoca Unite to Bring Open Banking-powered Instant Lending to UK Small Businesses

More UK small and medium-sized businesses (SMEs) will be able to get instant decisions on lending applications, helping to ease the pressure of the cost of living crisis and boost economic recovery. The innovation has been made possible through a new partnership between top fintech business lender, iwoca, and CRIF, Europe’s leading credit information provider.

Paymentology Powers Fondeadora to Launch Apple Pay in Mexico

Paymentology, the leading global issuer-processor, and Mexico’s leading financial service provider Fondeadora, announce a strategic partnership to expand payment services in Mexico and are among the first to bring Apple Pay to digital banking customers in Mexico. Fondeadora is a digital financial services provider in Mexico that aims to address the shortcomings of the conventional banking system.

QuantCube Launches Industrial Production Indicator

Alternative data specialist QuantCube Technology today announced the availability of the QuantCube Industrial Production Indicator (IPI) nowcast – providing a daily update on industrial production output in the U.S. market. The indicator measures year-on-year changes in outputs from the manufacturing, mining, electricity and gas industries to provide insights into total industrial production, a key driver of GDP.  

UK-based KYB Platform Detected Launches in the US to Support Increasing Demand

London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end-to-end KYB platform, has established a US entity to better serve its American clients.Since its inception in July 2020, Detected has seen huge growth driven by its innovative approach to global KYB. One agreement with Detected gives access to a global network of data providers as well as a dynamic front-end UI which allows the collection of information directly from business owners.

Merger & Acquisition

GoLogiq to Acquire Institutional Investment Advisory Firm, CPG Research & Advisory, in $15 Million Merger

GoLogiq, Inc., a U.S.-based global provider of fintech and consumer data analytics, has signed a mutual non-binding letter of intent to acquire Sydney-based CPG Research & Advisory, a leading global provider of independent investment consulting services. CPG is expected to bring to GoLogiq more than 30 years of experience as an independent investment advisor and asset consultant.

HSBC acquires Silicon Valley Bank UK Limited

HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around £5.5bn and deposits of around £6.7bn. For the financial year ending 31 December 2022, SVB UK recorded a profit before tax of £88m. SVB UK’s tangible equity is expected to be around £1.4bn. Final calculation of the gain arising from the acquisition will be provided in due course.

Job Moves

TradeSun Makes Senior Hires as Trade Digitalization Ramps Up

TradeSun has made senior appointments across the US, APAC region and Europe as the company, a leader in AI-driven trade automation and compliance, continues its global expansion. Lloyd Parata has been appointed Senior Sales Director for Asia Pacific, based in Australia. Meanwhile Ian Laverty has taken on the role of Chief Revenue Officer. Amy Chestnutt has joined TradeSun following its recent acquisition of Coriolis and its automated sustainability assessment platform.

Sam Farrell Joins Torstone as Head of North America

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, announcesthat Sam Farrell has joined the firm as Head of North America. Based in Toronto, Sam will have oversight of all the US and Canadian operations for Torstone. Sam will continue to expand Torstone’s footprint in North America, further establishing the business as a key provider within the US and Canadian markets.

Ex-Barclays Director Philip Harding Joins Cashflows Executive Team

Cashflows, the platform that makes it easy for merchants to accept payments, announces the appointment of Philip Harding as Account Development Director. Philip joins Cashflows following more than 12 years at Barclaycard Payments, where he rose to the Director of International Corporates. In this role, Philip focused on financial services and insurance, following various roles in issuing and acquiring. Philip also has previous experience working at FedEx, where he held the position of National Business Development Executive.

ZEDRA Appoints Jon McKay as Global Head of Legal

ZEDRA, the fast-growing global specialist in Corporate, Global Expansion, Active Wealth, Pensions & Incentives services as well as Fund Solutions, announced the appointment of Jon McKay as Global Head of Legal. In his role, Jon will report to ZEDRA CEO, Ivo Hemelraad, and will be responsible for leading ZEDRA’s internal legal team and providing legal support to the business across all its service lines and offices.

Accelerated Payments Appoints C Ray Hines as Vice President of Business Development in Ohio, USA

Alternative finance provider Accelerated Payments announced the appointment of C Ray Hines as Vice President of Business Development. Ray’s wide-ranging expertise in the business funding market and abundant experience in the Midwest will prove crucial as Accelerated Payments increases its market share in North America. Ray, a specialist in SME financing, boasts over 35 years of experience in the business financing industry.

Yapily Appoints New VP of Sales to Accelerate Growth Across Europe

Open banking platform Yapily has appointed Lisa Gutu as Vice President of Sales in Europe, where she will play a key role in accelerating Yapily’s strategic growth plans in the region. Lisa brings unparalleled open banking experience and deep open finance, payments, and API expertise to Yapily. Over the last 8 years during her time at Trovata, and as COO of Salt Edge, she has led new and innovative open banking initiatives working with large banks, fintechs, and strategic partners across Europe.  

ComplyAdvantage Hires Jim Anning as Chief Data Officer

ComplyAdvantage, the leading fraud and financial crime detection firm, has named Jim Anning as the company’s Chief Data Officer as part of its commitment to innovation in anti-money laundering / countering financial terrorism (AML/CFT) services. The newly created role on the Executive Leadership Team reflects the centrality of quality and comprehensive insights to the company’s mission and products.