Partnerships 

Payer and American Express Partner to Accept B2B Payments Across the Nordics

Payer, the premier B2B technology company specialising in digital conversion, payments, and finance automation, with a mission to digitalise the B2B industry wherever payments play a central role, has announced that it will now facilitate American Express payments in Denmark, Finland, Norway, and Sweden.This implies that businesses utilising Payer as a B2B digital payments platform can now take American Express® Cards as payment for any goods and services.

fumopay’s Pure-play Open Banking App Gives You Immediate, Visible Cash Flow Through Xero Integration

fumopay announced that small businesses can now integrate fumopay directly into Xero, the global small business platform. Businesses can pay invoices immediately without registering a payee or sharing card or bank data. Due to fumopay's focus on Open Banking, suppliers can pay invoices directly with a few clicks and their bank's verification mechanism through the fumopay app, currently in the Xero App Store.

Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence

Provenir, a global leader in AI-powered risk decisioning software, announced it has entered into a global partnership with Sekura Mobile Intelligence, a global provider of mobile data solutions. This relationship allows Provenir to offer verified mobile data from mobile carriers through its Marketplace. Sekura provides real-time mobile identity data signals from global cell operators for ID verification, anti-fraud, and secure internet authentication.

CQG and NUTS Finance Launch Optio Research to Develop Institutional Cryptocurrency Infrastructure and Trading

CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, and NUTS Finance, a blockchain development lab, announced that they have just launched “Optio Research,” a state-of-the-art Web3-based innovation lab focused on developing decentralized cryptocurrency infrastructure and trading solutions for institutional investors. 

Ashman Bank Partners with nCino to Bolster its Tech Platform, After Being Awarded First UK Banking Licence of the Year

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the worldwide financial services industry, announced its cooperation with Ashman Bank, a new entrant bank with aims to change banking for UK property SMEs, a £90bn market opportunity. Ashman Bank, which received the UK's first new banking license in 2022, chose nCino's Bank Operating System® for its life cycle property finance solution, from renovation to development and investment.

Raisin Partners with ClearBank to Strengthen UK Platform

Raisin, a global leader in savings and investments, migrated its UK platform to ClearBank, which provides safe accounts, real-time clearing, and Embedded Banking for financial institutions. ClearBank will underpin the FSCS-protected account Raisin UK customers use to manage the money they wish to deposit in saving products offered by Raisin's partner banks on the platform and support its customer experience by providing access to payments rails like faster payments and other services through its Embedded Banking platform.

HungryPanda Partners with Alipay+ to Strengthen Customer Experience

HungryPanda, the world's top Asian food delivery platform, partnered with Alipay+ to strengthen digital operations and provide an integrated payment solution for abroad Asian communities. With the support of Alipay+, HungryPanda will extend its coverage of digital wallets that enable the company to process a wide range of mobile payment methods and currencies and better serve its consumers in the UK, France, and Italy.

Papaya Global Teams Up With J.P. Morgan to Deliver Global Payroll Payments at Remarkable Speed

Papaya Global, the leading global people management platform for the remote working era and already known as a payroll technology innovator, has announced that it is now poised to further extend international payments through cutting-edge technology with the integration of J.P. Morgan's payment processing products and solutions that could transform Papaya's global payroll enabling clients with fast, seamless, compliant and secure payments delivery to any region for companies that have global workforces.

Oklahoma-Based Community Bank Partners with Fintech to Streamline Lending Processes

First Pryority Bank, a member FDIC bank, and Teslar Software announced their partnership to expedite and streamline processes across the bank’s loan department. The Pryor Creek, Okla., bank has developed significantly in the previous three years and will use Teslar's loan automation software to assist its expansion. First Pryority Bank may track exceptions and upload documents using Teslar, increasing portfolio transparency.

Illuminate Financial And Barclays Expand Strategic Partnership To Back FinTech Startups

Barclays will become a limited partner in Illuminate Financial's latest venture capital strategy. The London-based venture capital firm invests in financial services technology businesses. Barclays joins global financial institutions including Jefferies, J.P. Morgan, Deutsche Börse Group, Citi, and S&P Global as an investor in Illuminate Financial which backs early-stage FinTech and enterprise software companies driving innovation in the financial services industry.

Zenus Announces Landmark Agreement with Finxact

Zenus Bank – the US digital bank providing services to non-US citizens and residents in over 150 countries – has partnered with Finxact, a Fiserv company and provider of the leading next-gen core banking platform to the US regional and super-regional banking sector, as part of Zenus’ vision to offer US bank accounts to millions of people worldwide. Finxact will assist Zenus create a global banking platform for retail, corporate, and partnership banking.

Sambla Group Partners with Tink to Strengthen Lending Verification Process

Tink, Europe’s leading open banking platform, has partnered with Sambla Group - a leading loan broker in the Nordics - to offer the lenders in its network access to more accurate affordability assessments. Sambla Group is introducing Income Check, Risk Insights, and Tink's latest technology Expense Check to provide more accurate lending assessments across more than 100 Nordic institutions, helping loan applicants receive the best offers.

CellPoint Digital Partners with Reach to Break Down Cross-border Barriers

CellPoint Digital, the global leader in Payment Orchestration, announces a new partnership with Reach, a payment platform that simplifies how businesses sell cross-border--enabling merchants to process payments locally while selling globally. 30% of eCommerce sales are now cross-border, yet many traditional payment acquirers require merchants to have in-country corporate organisations, which may be costly and cumbersome.

Abrdn Chooses Kneip as Their Fund Data Dissemination Partner

Abrdn, a global investment company and asset manager, has chosen Kneip as their fund data dissemination partner to ensure the highest level of data quality and consistency. Luxembourg/Edinburgh, 25 October 2022. Abrdn is a global asset manager that provides investment products and solutions to clients across the world. The breadth of its investment capabilities is extensive and among the most innovative within the market.

FinTech West and NayaOne Collaborate to Launch the FinTech West Marketplace

FinTech West has announced a new partnership with global digital sandbox provider NayaOne, which will see the two organisations build a dedicated marketplace for Western FinTechs to showcase their capabilities, access datasets and test ideas. A new, free-to-access digital marketplace by FinTech West and NayaOne, will be launching this autumn and, will provide an exclusive environment for the FinTech West community to collaborate, build products and find customers – directly responding to some of the challenges regional FinTech’s face.

Soldo and Featurespace Partner to Offer Increased Protection Against Fraud and Financial Crime

Soldo, the European spend management platform, has partnered with UK fraud and financial crime specialist Featurespace to protect Soldo customers from the growing threat of financial attacks. Through the partnership, Soldo will get access to industry-leading Card and Payment Fraud Prevention and Anti-Money Laundering solutions through Featurespace's award-winning ARIC Risk Hub.

Launches 

Envestnet and FNZ Partner to Launch Seamless, End-to-end Digital Solution in the U.S. Also to Integrate and Distribute

Envestnet, Inc., a leading provider of intelligent systems for wealth management and financial wellness, announced that it is partnering with FNZ, a leading global wealth platform, to create a fully digital, integrated wealth management experience for the U.S.  market. The integration of Envestnet’s and FNZ’s platforms will allow for real-time account opening and funding along with digitally automated servicing and maintenance capabilities for the full lifecycle of the client account.

Alveo Extends Ops360 Data Operations Solution

Alveo, a leading provider of cloud-based market data management services, has announced the extension of its data operations solution Ops360 including standard integration with QuantLib for advanced analytics. Any business user with the proper permissions can drag and drop data sets into functions and configure parameters to derive data and calculate curves and risk factors. Interactive and without code.

Collctiv Launches to Long Wait List in the US

Collctiv, a group payment app that allows friends, families, businesses, charities, and community groups to collect money together, has been launched in the USA. Due to high demand, an eager waiting list of users in the US who have previously watched on from afar will now be able to enjoy all the benefits of Collctiv. The first of its kind in the US market, Collctiv serves groups with a focus on alleviating the pressure on group organisers to pool money in an easy and secure way.  

Stripe Launches in Thailand

Stripe announced its general availability in Thailand, where its financial infrastructure platform will help solve the complex payments issues facing Thai businesses. Thousands of Thai companies joined Stripe's beta phase last year. They include the online property platform Baania, leading luxury furniture retailer Chanintr, holiday resort Coconut Beach Bungalows, accounting software platform FlowAccount, and digital creator platform Storior.

SEBA Bank Launches Regulated NFT Custody Services

SEBA Bank, a leading global crypto bank, simplifying access to the digital assets economy through a suite of fully regulated banking services, launched an institutional-grade custody solution with all the necessary safeguards to secure clients' valuable NFTs. The NFT market continues to develop and mature – with 2.2 million unique investors in the asset class in Q3 2022, a 36% increase in the same period in 2021.

Refinitiv Introduces Digital Onboarding Solution to Help Businesses Accelerate Secure and Frictionless New Customer

Refinitiv, an LSEG business, announced the introduction of a secure, personalized, and frictionless global digital onboarding solution to help businesses streamline their approach to onboarding customers. The recent, growing shift towards online commercial activity has led to a surge in digital and contactless payments, forcing organizations to hasten the implementation of their digital transformation plans.

Fireblocks Launches Digital Asset Payments Engine with FIS Joining as New Pilot Partner

Fireblocks, an easy-to-use platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced the public launch of its Payments Engine, a new suite of tools that will enable payment service providers (PSPs) with the ability to provide a blockchain agnostic, end-to-end solution for merchants, entrepreneurs and creators to accept, manage and settle digital payment transactions across any geography.

CleverCards And Mastercard Launch Instant Issuance Of Customisable & Configurable Digital Mastercards

CleverCards, the global payments platform, has announced at Money20/20 a landmark integration with Mastercard Processing Europe, the issuing processor arm of Mastercard, in furtherance of their recent partnership with Mastercard. Digital Mastercards are downloadable from the CleverCards platform, unlocking instant access to funds for all users; from individuals to Retailers, merchants or organisations.

Jack Henry Launches Standalone, Real-Time Person-to-Person (P2P) Payments

Jack Henry announced the launch of its standalone person-to-person (P2P) payments solution. Powered by the Payrailz® Digital Payments Platform, which Jack Henry acquired September 1, 2022, the P2P solution is now available for standalone implementation or as a strategic component of the full Payrailz payments platform. Jack Henry's service is the only financial institution-centric, open-loop, real-time P2P payments system in the industry.

Listed DeFi Company AQRU Launches Crypto Lending Service BlockLender

AQRU plc, an incubator specialising in opportunities in decentralised finance  (“DeFi”), is announced that it is launching a start-up offering cryptocurrency-collateralised lending services under the brand “BlockLender”.BlockLender will offer digital asset-holders the opportunity to use their cryptocurrency as collateral to access instant loans, with a minimum starting value of USD$100.

GoCardless Launches Protect+ to Help Businesses Fight Fraud and Retain Revenue

GoCardless, a global leader in bank payment solutions, has launched Protect+, an end-to-end fraud prevention solution that detects fraudulent activity and protects merchants from potential losses through enhanced payer verification, 24/7 fraud monitoring and chargeback challenges. With Preserve+, merchants can increase their percentage of successful payments, minimise fraud management costs, and protect income and reputation.

Merger & Acquisition

InComm Payments Acquires The Card Network (TCN), a Leading Gift Card Provider in Australia

InComm Payments, a global payments technology company, announced it has acquired The Card Network (TCN), an Australian-based gift card provider known for its suite of creatively themed, multi-brand gift cards. The acquisition enhances InComm Payments’ ability to create personable gift card products that consumers seek while supporting business growth for its brand and retail partners.

IRIS Software Group Acquires myPay Solutions

IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, announced it has acquired Thomson Reuters myPay Solutions, a trusted online payroll processing service designed to empower CPAs. myPay Solutions provides comprehensive outsourced payroll and associated banking and tax services via CPA firms to small and medium-sized businesses across all 50 states in the United States.

Worldline Launches a New Offer for Merchants, Worldline Tap on Mobile, and Announces the Acquisition of a Majority Stake in SoftPos.eu Fintech

Worldline, a global leader in payment services, announces the closing of the acquisition of a 55% stake in SoftPos.eu, a Warsaw-based fintech that converts Android devices into secure payment terminals. This acquisition fully embeds Worldline’s objective to provide payment solutions that are adapted to all forms of commerce and serve the business ambitions of its clients. Based on SoftPos.eu, Worldline is launching a new product internationally: Worldline Tap on Mobile.

Yaydoo Acquires Payments Solution Oyster Financial and Consolidates its B2B Fintech Leadership in Latin America

Yaydoo, the leader in B2B transactions with solutions for accounts receivable, payables, and enterprise procurement in LATAM, acquired payments platform Oyster Financial. The acquisition consolidates Yaydoo's position as the largest B2B payments solution provider in the Latin-American market. Vilash Poovala, CEO of Oyster Financial and previously CTO of Clip, will become Chief Technology Officer of Yaydoo.

Job Moves

HSBC's Capital Market Expert Jean-Marc Mercier Joins Finsmart

Finsmart announced the appointment of Jean-Marc Mercier as Senior Board Advisor. Jean-Marc recently ended his 26-year career with HSBC, where he was European Syndicate Head and Global Co-Head of Debt Capital Markets. Responsible for the firm's global franchise, he was involved in debt issuances and other high-profile transactions around the globe and across issuers and products.

Hyland Names Industry Veteran Chris McLaughlin Chief Revenue Officer

Hyland, a leading content services provider, has named industry veteran Chris McLaughlin its new chief revenue officer (CRO). The role was designed to meet the demands of Hyland’s rapid global expansion, and McLaughlin will play an essential role in ensuring Hyland’s growing customer base seizes upon the full advantages of Hyland’s portfolio of solutions – including Hyland’s cloud platforms and SaaS-first solutions.

Kevin Howard Appointed as Head of Relationship Management at Time Finance

Time Finance announced the appointment of Kevin Howard to Head of Relationship Management in its Invoice Finance Southern team. Kevin will join the newly opened Reading office to oversee and manage its relationship management team. Kevin has 20 years of customer and risk management experience from RBS, Aldermore Bank, Bibby Financial Services, and Eurofactor.

Global Processing Services Names Kim Ohlrogge as Chief Product Officer

Global Processing Services (“GPS”), a leading global payments technology platform, announced the appointment of Kim Ohlrogge as Chief Product Officer. Kim will focus on advancing GPS' product roadmap, pushing 'next-generation' issuer processing payments innovation for financial institutions and fintechs worldwide, and supporting the company's development into new foreign markets. Ohlrogge will split her time between London and Berlin (Germany).