08/04 – Weekly Fintech Recap

  • Blockchain , E-Commerce , Insurtech , RegTech , Payments , Banking , M&A Deals , People Moves
  • 08.04.2022 09:28 am


Mollie Teams Up With Recharge to Offer Best-in-class Product Subscription Solution

Mollie, one of the fastest-growing payment service providers in Europe, announced its partnership with the leading subscription management solution, Recharge, to offer an API-first, end-to-end subscription solution that provides unprecedented support for recurring payments and subscription management. The partnership provides cutting-edge innovation to subscription-based e-commerce businesses and is now available across all markets that Mollie services.

Unibail-Rodamco-Westfield Announces Partnership with Clearpay

Unibail-Rodamco-Westfield (URW), owner and operator of Westfield shopping centers across the US, the UK and Continental Europe, has announced the expansion of its international brand partnership with Clearpay, a leader in “Buy Now, Pay Later” payments. Clearpay will become URW’s “Buy Now, Pay Later” brand partner with a program of consumer advertising and experiential activity at the brand’s London flagship centers, Westfield London and Westfield Stratford.   

FXCH Crypto Clearing House Partners with 24Exchange PR Announcement

FXCH (Hong Kong) Ltd. has partnered with 24Exchange (Bermuda) Ltd. to offer a Clearing and Settlement option to Crypto cash institutional market participants. The service, available to all 24Exchange members, provides the first clear demarcation between trade execution, margin/risk management, and settlement for the Crypto asset class. FXCH Ltd. operates a real-time netted Clearing House model for Institutions that trade digital assets on multiple Exchanges and OTC venues. The market utility works on the principle of managing collateralized multi-counterparty risk, culminating in one Net Settlement at the end of every trading day.

SkyParlour Announces Partnership with Fintech Week London 2022

Fintech Week London 2022, the leading event for the fintech community, has re-appointed SkyParlour as its official PR and media relations partner. Following a successful event in 2021, Fintech Week London has re-appointed SkyParlour as its official PR and media relations partner. The week-long event, which will run from 11th to 15th July 2022, with a two-day conference at its start, will welcome delegates from a host of traditional financial institutions, fintech and financial services companies

Utimaco and Nokia Expand Partnership to Secure a 5G Future

Finnish telecoms company Nokia and Utimaco, a leading global provider of IT security solutions, announcedthat they will jointly develop 5G security solutions for Core mobile networks in a move that expands the two companies’ partnership.  The combined technology will further improve security on 5G networks ranging from private site networks to national networks and Internet of Things (IoT) technology. The 5G standard for broadband cellular networks began being rolled out in 2019, and today has been implemented in 24 European countries.

Propeller Inc. Partners with Amwins for Surety Bond Distribution

Propeller, Inc., a high-growth insurtech MGA specializing in surety bonds, has signed an agreement with Amwins, the largest specialty insurance distributor in the U.S., to serve as a preferred surety partner to their network of over 25,000 retail agencies. The partnership focuses on delivering Propeller's proprietary, white-labeled (URL) technology to agents and brokers, allowing the surety bond process to become fully automated from application to billing and issuance. Propeller onboards agents in minutes for free, with no premium requirements.

Suresite Group Partners with TSG UK to Launch P2PE Enabled Payment Terminals for Forecourts

Forecourt retail specialist Suresite Group has partnered with leading equipment and service supplier to the energy sector, TSG UK, to enhance its payments offering. This partnership will enable Suresite to offer a one-stop-shop for hardware, software, installation and customer support, providing a range of simple, affordable and secure payment solutions to its forecourt retail customers. The British Retail Consortium’s 2021 annual payments survey, published last September, shows that, for the first time, more than 80% of all UK retail sales last year were made by a payment card, with more than half of these by debit card.



BEQUANT Launches Market-first Crypto Capital Introduction Event

BEQUANT, the digital asset prime brokerage and exchange, announced it is hosting a market-first crypto capital introduction forum in London on 26 April 2022.  The forum will bring together a selection of professional fund managers operating across multiple strategies, including Market Neutral Digital Currency Arbitrage, DEFI Market Neutral Yield Farming, and Volatility & Skew Arbitrage. The crypto market has grown from a value of $767bn to $2.22tr from the start of 2021 to the end of the year as more businesses look to raise capital to establish themselves in this burgeoning market, many are struggling to find the right sources of capital for them.

BlueSnap Launches Embedded Payments Suite to Help Software Platforms Maximize Revenue Globally

BlueSnap, a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments around the world, has launched its Embedded Payments and Payfac-as-a-Service offering for software platforms looking to scale their customer base globally.  BlueSnap has been helping software platforms monetize their payments for several years with their Integrated Payments for Platforms. The new Embedded Payments and Payfac-as-a-Service suite expand and innovate on this to include three new products: BlueSnap Dash™, BlueSnap Relay and BlueSnap Flex. 

Fast Growing RegTech SteelEye Launches Market Replay Solution

SteelEye, the compliance technology, and data analytics firm, has announced the launch of its new Order Book Replay service – a cutting-edge market replay solution. Designed to facilitate more precise and rigorous market abuse surveillance, SteelEye’s market replay tool enables organizations to playback a trading session and more thoroughly analyze market movements. This allows compliance teams to play, pause, rewind, fast forward, slow down and speed up order book activity to gain a full understanding of what has taken place – visually showcasing the overall balance of the book against market price levels and spreads.

GKFX Launches its Own Online Trading Platform GKFX Trader

GKFX, Global Kapital Group’s (“GKG”) brokerage arm offering financial services in the EU, announced the launch of its new online trading platform, GKFX Trader. GKFX is on the verge of a new era, starting on a transformation journey to become a global investment platform to serve all clients’ investment needs. GKFX is now ready to announce the first step of this transformation journey, presenting its own trading platform, GKFX Trader. The customers will be able to use GKFX Trader for all products that GKFX offers today, including FX and CFDs for indices, stocks, commodities, and cryptocurrency. 

Winvesta Launches Multi-Currency Payment Collections for Exporters and Freelancers

The UK headquartered Winvesta, a neobank building cross-border banking and wealth management, has launched foreign payment collections for Indian exporters. The service comes as an extension of the existing multi-currency banking facility for Indian individuals. Businesses receive virtual accounts in 30+ currencies, including USD, GBP, and EUR. The accounts serve as collection accounts for service exporters to receive payments, which are then converted to INR and deposited into their Indian bank accounts the same day.

Citi Extends Trade Product Offerings with the Launch of Sustainable Trade and Working Capital Loans Solution

Citi has announced the launch of its Sustainable Trade and Working Capital Loans (Sustainable T&WC Loans) solution in Europe, Middle East and Africa (EMEA), Latin America (LATAM), and Asia Pacific (APAC) regions.The launch follows the successful rollout of Citi’s Sustainable Supply Chain Finance offering and represents the next step of the journey to expand Citi’s sustainable Trade and Working Capital Solutions as a key part of Citi’s broader commitment to advancing its Environmental, Social, and Governance (ESG) agenda.

Newly Launched TPP Verification by Salt Edge Consolidates Security, Exactly as PSD2 Requires

Salt Edge announces the launch of a new open banking solution on the European market – TPP Verification. The solution simplifies ASPSPs’ efforts in checking the third-party providers trying to access users’ account data. To keep customers’ accounts safe, ASPSPs are obliged by PSD2 to have a mechanism for TPPs to identify themselves before accessing the open banking channels. Now, they get more safety in opening up access to customer accounts data and payments capabilities for third-party providers with Salt Edge’s TPP Verification.

ANZ Worldline Payment Solutions Launches in Australia

ANZ Worldline Payment Solutions announces its launch in Australia– a joint venture between ANZ and global payments services leader Worldline. Australian merchants will have access to some of the world’s most advanced payment solutions, proven internationally and adapted to meet the unique requirements of the Australian market. Worldline is the technology partner of choice for merchants, banks and acquirers across more than 50 countries, with decades of experience in domestic and international payment systems.


Merger & Acquisition

Equinix Enters Africa, Closing the US$320 Million Acquisition of MainOne

The acquisition signals the first step in Equinix’s long-term strategy to become a leading African carrier-neutral digital infrastructure company, enabling organizations to accelerate digital transformation throughout the continent. Equinix, Inc. the world’s digital infrastructure company, today announced it has completed its deal to acquire West African data center and connectivity solutions provider MainOne for an enterprise value of US$320M, marking the beginning of its expansion into the African continent.

SAP Fioneer Acquires Majority Stake in Okadis Consulting

SAP Fioneer, the leading global provider of financial services software solutions and platforms, has acquired a majority stake in okadis Consulting GmbH, the consulting company and SAP software house based near Frankfurt, Germany. The acquisition is built on an already successful and proven partnership and demonstrates SAP Fioneer’s commitment to innovation and developing state-of-the-art software solutions for financial services. Since 2003, Okadis has provided SAP consulting, application services, additional products and solutions to customers that run on SAP’s financial software.


Job Moves

Aliaswire Appoints New CFO

Aliaswire, a provider of bill payment and credit solutions for businesses and banks, announced the appointment of financial veteran Brian Bartlett as CFO. In his role, Bartlett will be responsible for financial operations, planning and reporting, human resource management, and helping to shape overall strategy and direction. Bartlett’s experience spans 20 years as an entrepreneurial-minded finance leader with exceptional operational, analytical and planning skills coupled with a roll-up-the-sleeves, can-do mentality.

5ire Appoints Dr. Richard Swart, Jamie Gold, and Ed Martin as Strategic Advisors

5ire, the 5th generation blockchain network, announced that social innovation expert Dr. Richard Swart, celebrity talent manager Jamie Gold and former Senior Advisor to the Nobel Peace Prize Forum, Ed Martin, have joined its team as strategic advisors. Dr. Richard Swart is an expert on global challenges and the application of technology to create greater access to capital. His interests and expertise are a perfect fit with 5ire’s realization of the fifth industrial revolution and its commitment to personalization, human-centereddesign, and deep integration of the UN sustainable development goals in 5ire’s technology.

Trulioo Appoints Identity Industry Expert Dawn Crew as First Chief Marketing Officer

Trulioo, the leading global identity verification company, announced the appointment of Dawn Crew as its first Chief Marketing Officer. Crew brings more than 25 years of experience in defining and leading global marketing strategies for technology companies in the identity verification, authentication and human resources industries. Most recently Crew served as Senior Vice President, Industry & Solution Marketing at TransUnion, accountable for leading teams across the organization’s core B2B Solutions businesses.

Duco Expands Board of Directors with Three New Appointments

Duco, a leading cloud-based data automation company backed by private equity firm Nordic Capital announced that it has named Uwe Weiss, Linda Middleditch and Spencer Lake to the company’s board of directors. Uwe Weiss is a long-standing entrepreneur and software executive with a passion for disruptive technologies. He was CEO of Blue Yonder, an award-winning SaaS Machine Learning / Artificial Intelligence (ML/AI) start-up acquired by JDA. In 2020 the combined companies rebranded to Blue Yonder and Uwe continued to serve as a member of their executive team.

Reassured Hires new Head of Digital Product from Klarna

Reassured, the UK’s largest life insurance broker, announces that it has appointed Simon Towndrow as its new Head of Digital Product in a move to continue the development of their digital platforms. Simon will work closely with the board to build upon the successes of the last two years, including the continued investment in Reassured’s infrastructure to enable effective digital services. This will include continuing to diversify services in order to be flexible to customer needs and provide the best possible experience.

Phos Appoints Chris Haincock as its new Chief Operating Officer to help Accelerate Growth

Phos, the fintech behind the leading software-only Point of Sale system, has appointed program management leader Chris Haincock as its new Chief Operating Officer. At Phos, Chris will be responsible for optimizing the customer journey, setting the product roadmap, as well as creating and expanding the company’s project and operations support function. With over two decades of experience in the payments industry, Chris is an experienced leader with a track record of success in the international banking market.

Taulia Appoints Chief Growth Officer

Taulia, a leading provider of working capital management solutions, has announced the promotion of Bob Glotfelty to Chief Growth Officer. Bob, who previously served as Taulia’s VP of Growth, will now be responsible for overseeing Taulia’s ambitious growth plans since being acquired by SAP. Following Taulia’s expansion in Asia last year. Bob will be in charge of growing Taulia’s full suite of services in China to help build its presence in the market and will work closely with Haiyan Zhuang, Head of China.

Stocard Joins Klarna and Gets “Smoooth” with All-new Brand Identity

Klarna, a leading global retail bank, payments, and shopping service that helps consumers save time and money, be informed, and be in control, revealed the new “Klarna-fied” brand identity of Stocard, one of the world’s leading mobile wallet providers that enable consumers to gather all of their loyalty cards virtually in one single place and receive personalized offers. The rebranding marks the next step of Stocard’s integration into the Klarna ecosystem following its successful acquisition by Klarna in July 2021 and opens up the doors for commercial and technological synergies between the two company’s offerings.

Antler Continues Growth in the Nordics with Appointment of Michael J. Wiatr as Partner and Twenty-Four New Investments

Antler, a global early-stage venture capital investor, announced the expansion of its presence to Denmark with the addition of Michael J. Wiatr as Partner and the promotion of Lavanya Indralingam to Associate Partner. The firm has also made twenty-four new investments in early-stage startups in the region. Antler is the most active early-stage investor in the Nordics and has made 102 investments to date. Of these companies, 39% have at least one female co-founder, of which 50% are CEOs, and the founders represent more than 76 nationalities.

Paynetics Appoints Andy Patton as its New Chief Commercial Officer to Accelerate the Business’ Growth

Paynetics, the regulated e-money services provider, has appointed the senior commercial and sales leader, Andy Patton as its new Chief Commercial Officer. At Paynetics, Andy will be responsible for developing and implementing breakthrough go-to-market strategies and accelerating growth. This comes at a time when Paynetics is leading the charge in helping businesses digitize their payments - offering embedded payments, card acquiring, and many other payment solutions.

Revolut Appoints APAC General Manager to Growth team

Revolut, the global financial super app with over 18 million customers, has appointed Charles Debonneuil as APAC General Manager as it continues to focus on growth in the Asia-Pacific region. Debonneuil will focus on building out Revolut’s local Growth teams and developing the business’ growth strategy, driving rapid new user acquisition in the APAC region. Prior to joining Revolut’s APAC team, Debonneuil was the President of Intrepid Group, a leading e-commerce solutions company for global brands, overseeing the growth of the company to over 300 employees across Asia.

Finastra Welcomes Lynne Biggar to Board of Directors

Finastra announced the appointment of Lynne Biggar, a proven financial services and marketing leader, to its Board of Directors, effective March 2022. Lynne brings decades of experience and deep financial services insight to the Board. Most recently, she was Executive Vice President and Global Chief Marketing Officer at Visa, where she led the organization’s global brand and marketing strategy, including all consumer, B2B, and B2B2C marketing activities that advanced Visa’s brand and business goals.

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