24/07 – Weekly Fintech Recap

  • Artificial Intelligence , Blockchain , Open Banking , Payments , Banking , FinTech StartUps , IT Innovations , M&A Deals , People Moves
  • 25.07.2022 09:00 am


PayMate B2B Customers to Make Utility Bill Payments Using Visa Commercial Credit Cards

PayMate India Limited (“PayMate”), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains, has integrated the capability to make utility bill payments using commercial credit cards as a new feature on its platform. PayMate’s customers and users can make utility bill payments such as landline, electricity, water, and broadband bills.

ACI Worldwide and IR Partnership Unlocks Insights Through Real-Time Enterprise Transaction Monitoring

ACI Worldwide, the global leader in mission-critical, real-time payments software, announced that IR, a leading global provider of performance management and analytics for payment ecosystems, has extended its partnership with ACI to include enriched end-to-end enterprise transactions monitoring. The announcement of full enterprise monitoring capabilities follows more than two decades of a successful partnership between ACI and IR.

InvestCloud Supports Rabobank to Bring Digital Financial Planning to All Levels of Wealth

InvestCloud, the global leader in digital transformation for the financial industry, announced it is supporting Rabobank, one of the Netherlands’ largest banks, to provide digital financial planning for all its customers, from private banking to retail clients. Online and mobile app Rabobank clients will be able to create highly customizable life plans, allowing advisors to guide their clients to achieve their financial goals without needing to create time-intensive and costly proposals.

Divido Partners with Novuna Consumer Finance to Drive Checkout Finance Growth

UK-based checkout finance platform provider Divido has announced a partnership with Novuna Consumer Finance, one of the UK’s leading point of sale finance providers, to enable merchants to provide competitive white-labelled finance to their customers. The partnership combines Novuna Consumer Finance’s 40+ years of retail finance expertise with Divido’s award-winning technology.

Aura Blockchain Consortium and Temera Announce Strategic Collaboration

Aura Blockchain Consortium and Temera are once again at the forefront of tech solution development for the luxury market, to support greater transparency and traceability for customers. Temera brings its solid expertise in product traceability and acts as a business integrator and solution provider – by using its proprietary platform Stylewhere and the RFID and NFC technology - in the development of innovative projects to drive change in the industry.

GoCardless Integrates Open Banking Payments with Xero

GoCardless, the global leader in direct bank payments has announced at Xerocon London it has partnered with Xero, the global small business platform, to provide its Instant Bank Pay feature to Xero’s customers in the UK. Instant Bank Pay is a new open banking feature directly integrated into the GoCardless global payment platform.

Moneyhub Joins Forces with Pennyworth to Democratise Financial Planning

Moneyhub, the market-leading Open Data and payments platform, is partnering with Pennyworth, a financial planning and banking app,   to redesign digital banking for the aspiring-affluent consumer. Pennyworth, which has applied for a UK banking licence, has developed a unique planning tool powered by Moneyhub’s award-winning APIs.

FICO and Israel’s Open-Finance.ai Partner to Transform Decision-Making Speed and Precision in Credit and Insurance

Global analytics software provider FICO announced a partnership agreement with Israel’s Open-Finance.ai, a risk, finance and compliance software enabler of open banking and finance services and consulting firm headquartered in Tel Aviv. Through this agreement, Open-Finance.ai will integrate the FICO® Blaze Advisor® decision rules management system into its open banking platform.

ZoodPay Signs Exclusive Agreement with Top 5 Shipping Companies in Uzbekistan

Zoodpay signed exclusive partnerships with FARGO, BTS Express, STAR EXPRESS, EMU, and DPD, the top 5 leading logistics companies in Uzbekistan, accounting for more than 70% of last-mile parcel delivery, for the launch of the largest network of 1,500 pick-up lockers. The gradual rollout will begin with an initial installation of 50 lockers in Tashkent and major regional cities by the end of August.

Simpl Partners with Zymrat to Offer Pay-in-3 services

Simpl, India’s leading 1-click checkout network, has partnered Zymrat to facilitate Pay-in-3 feature for customers of the popular D2C performance wear brand. ‘Pay-in-3’ is the latest product from Simpl that empowers customers to shop with ease and pay later in 3 equal instalments at no extra charge. The split payment feature is developed on three key pillars: smart budgeting, transparency and convenience.

Kneip Announces New Strategic Partnership with FWW to Make EETs Available for the German Fund Market

Kneip announced it has entered into a strategic partnership with ISS FWW (FWW Fundservices GmbH) to make European ESG Templates (EET) available in the German market via ISS FWW. EETs were launched in June 2022 to facilitate the exchange of ESG data between market participants as required in order to comply with European financial market regulations.

TrustQuay Signs Technology Agreement with Equity Trustees

TrustQuay, the leading technology provider to the corporate services, trust and fund administration markets, announced it has signed a technology agreement with Equity Trustees, Australia’s leading specialist independent trustee company. Under the deal, Equity Trustees will centralise its Trustee and Wealth Services (TWS) business onto TrustQuay NavOne to provide a fully integrated technology solution across its Australian offices.



Vantage Launches UK Social Trading Platform to Build Synergies Between Pro and Amateur Traders

Vantage, the multi-asset trading platform for retail and professional traders, announces the launch of its new social trading product, V Social. V Social is a professional ‘social network’ that allows traders to auto-copy signals, execute trades, chat and analyse performance. Beginner traders have the opportunity to subscribe to and copy the signals of expert traders, who in return benefit from increased status and a portion of profits.

SumUp Launches Magic Pay for the Hospitality Sector

SumUp, the financial partner for over 4 million small businesses worldwide, announced the launch of SumUp Magic Pay, a QR code payment solution for the hospitality sector. Hospitality customer behaviour has shifted post-pandemic. As the sector reopened in phases, it became apparent that we had grown accustomed to using QR codes and after two years of life going digital we now expect to have everything at our fingertips.

ATRAM to Launch Digital Wealth Management Platform with additiv

ATRAM Trust Corporation (ATRAM), the largest independent asset and wealth manager in the Philippines, announced that it has signed a strategic partnership with additiv, a leading global wealthtech platform provider. The strategic partnership will enable ATRAM to modernize and digitize its wealth management solutions to meet the growing need for intelligent and intuitive investment services.

Radware Introduces New Crypto Mitigation Algorithms to Fight Bad Bots

Radware®, a leading provider of cyber security and application delivery solutions, announced it enhanced its Bot Manager with a new set of crypto mitigation algorithms. Inspired by blockchain methodologies, the algorithms help close security gaps that let sophisticated bots evade traditional CAPTCHA solutions to harm a website or application. At the same time, they enable genuine website visitors to enjoy a frictionless, CAPTCHA-free user experience.

EquiLend to Launch Swaptimization Platform in EU

EquiLend, the global financial technology, data and analytics company for the securities finance industry, announced that its Swaptimization platform will be going live this autumn for financial institutions in the European Union. The EU launch of Swaptimization, which utilizes a proprietary matching algorithm to pair natural positions across market participants, follows the ongoing success of the regulated platform in the U.S. swaps market.

AQRU Partners with Quickbit, Expanding Access to DeFi’s Winning Returns

AQRU plc, an incubator specialising in decentralised finance (DeFi), announces that its wholly owned subsidiary, Accru Finance Ltd., has entered into a partnership with Sweden’s paramount crypto company Quickbit eu AB (publ), to bring its yield-generating products to a wider audience. Quickbit is Sweden’s leading crypto company, which is dedicated to increasingly integrating cryptocurrency into people’s lives.

ION Announces Compliance SaaS Solution

ION Markets, a global provider of trading platforms, analytics, and risk management solutions for capital markets, has announced its new Compliance SaaS solution, which evolved from the hosted Compliance solution ION implemented in 2014. ION’s Compliance SaaS solution unlocks greater investment transparency, enables real-time oversight of pre-and post-trading, and offers full coverage of asset types and geographies.

Plum Launches its Personal Finance App in Belgium

Plum, the smart European personal finance app, announced its launch in Belgium. Belgians can now link their accounts to Plum from nine major banks including BNP Paribas Fortis, ING, and Hello Bank. Once the account is linked, Plum’s artificial intelligence analyses the customer's transactions and starts to automatically set aside small amounts of money regularly, adjusting to their spending and what they can afford.

Origin Launches Origin Extract, Utilising Machine-learning to Extract Data from Termsheets

Origin, the London-based fintech digitising debt capital markets, has launched Origin Extract to digitise any manually created bond termsheet, extracting structured data to automate and streamline the processes that depend on them. Origin Extract automatically analyses trade documentation, extracting all relevant information accurately and efficiently, enabling all involved players easy access to standardised, structured trade data.


Merger & Acquisition

French Unicorn Qonto Buys German Competitor Penta

Qonto, an online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks. Qonto aims to combine its wider reach and core banking system with Penta’s knowledge of the German market. Both companies have ambitions to create higher-value products for their users and expand their markets.

FNZ Acquires Swiss Private Banking Technology Company New Access

FNZ, the global wealth management platform, has acquired New Access, a specialized private banking technology firm primarily active in the markets of Switzerland, Liechtenstein and Luxembourg. These markets are key to serving and administering client wealth globally and will support FNZ in delivering on its promise to open up wealth and serve the US$240 trillion global wealth market.

Alvaria Completes Acquisition of Cicero Inc, Intelligent Analytics Platform

Alvaria, the world leader in enterprise-scale customer experience and workforce engagement management, announced the completion of the acquisition of the Intelligent Analytics Platform from Cicero Inc. The talented Cicero team focused on further advancing their solutions for the contact centre industry, will join Alvaria in connection with the acquisition.

Xalles to Acquire AIgrowthHUB and Expand AI-based Solutions

Xalles Holdings Inc., a fintech holding company providing technology and financial services solutions, will acquire AIgrowthHUB Inc. (“AIgrowthHUB”) in a share exchange agreement. AIgrowthHUB Inc. will become a wholly owned subsidiary of Xalles Technology Inc, which is a wholly owned subsidiary of Xalles Holdings Inc. Based in St. Petersburg, Florida, AIgrowthHUB provides business solutions that focus on acquiring customers and enriching the customer experience.


Job Moves

Mastercard Appoints Vivian Zhou as Corporate Treasurer

Mastercard named Vivian Zhou as Corporate Treasurer, effective August 15, 2022. She succeeds Alfred Kibe, who will assume the role of CFO of Mastercard's North America region. Zhou joins Mastercard from American Express, where she was most recently head of investor relations. During her 16-year tenure, Zhou held several leadership positions in global treasury, with responsibilities including balance sheet strategy and planning.

Judith Hartley Appointed CEO, British Business Investments

Judith Hartley has been appointed CEO of British Business Investments, one of the British Business Bank’s commercial subsidiaries. Judith Hartley, who was appointed acting CEO of British Patient Capital and British Business Investments in September 2020, will take up the permanent role of CEO, British Business Investments when her secondment ends in the autumn.

Dutch Payments Fintech Recharge Appoints Chief of Staff to Support Global Expansion

European branded payments company Recharge.com announced\ the appointment of Martine Tiemersma as Chief of Staff. Reporting directly to the CEO, Martine will be an instrumental member of the senior team, driving organisational effectiveness and company-wide alignment as the firm enters the next phase of growth.

Noah Sharp Joins BCB Group as Deputy CEO

BCB Group has appointed Noah Sharp as Deputy CEO, who will share responsibility with the CEO for the corporate scaling strategy across geographies, client segments, products and licensing. Sharp, a pioneering, international Fintech banker and specialist in banking-as-a-service and embedded payment solutions for crypto exchanges, PSPs and marketplaces, is based in London and reports to Oliver von Landsberg-Sadie, Founder and CEO.

OneTick Supports Ongoing Product Innovation with Appointment of Peter Simpson as OneTick Product Owner

OneMarketData, LLC, a leader in tick data management and analytics, announced the appointment of Peter Simpson as OneTick Product Owner. An experienced technologist with a history of working with the largest banks, brokers, fund managers and exchanges in London and New York, Simpson will be responsible for ensuring OneTick products expand and evolve to keep up with ever-changing customer needs. 

TransUnion Appoints Dominic Goslett as Chief Revenue Officer in the UK

TransUnion, a global information and insights provider, has appointed Dominic Goslett as chief revenue officer in the UK, where he will be leading the go-to-market strategy, driving sales and overseeing client relationships. Having held senior leadership roles with TransUnion since 2018, Dominic has been responsible for defining and delivering strategies across a range of sectors, including government, gaming, e-commerce, telecommunications, debt market and utilities.

Yapily Appoints New Chief People Officer to Support Growing Headcount and Turbocharge Scale-up Ambitions

Yapily, the leading open banking platform, announces the appointment of Caroline Abercrombie as Chief People Officer (CPO), as it continues to rapidly grow its team and reach in Europe. With over two decades of experience in turbocharging growth for tech start-ups through successfully managed teams, Caroline will be leading Yapily’s efforts to acquire top talent, support a thriving and dynamic team, and continue embedding diversity and inclusion into the company’s fabric.

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