10/06 – Weekly Fintech Recap
- Blockchain , Open Banking , Payments , FinTech StartUps , M&A Deals , People Moves
- 10.06.2022 03:32 pm
Mastercard Partners With NFT Marketplaces for ‘Easier and Safer’ Purchases
Mastercard is working with a host of non-fungible token marketplaces to make it easy for people to buy NFTs with their cards. The payments giant has struck deals with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay. Consumers will be able to buy NFTs, whether on one of these companies’ marketplaces or using their crypto services.
PXP Financial Partners with Discover® Global Network to Extend Payment Capabilities
PXP Financial (‘PXP’), the expert in payment services, data analysis and fraud, announces that it is partnering with Discover® Global Network, the payment brand of Discover and the world’s fastest-growing global payment card network. The partnership will allow merchants who use PXP’s point of sale or eCommerce solution to accept payments from the 280 million Discover Global Network cardholders around the world, who collectively represent $500 billion in spending opportunity.
Spanish Neobank Plazo Partners with Mambu to Fuel the Expansion of its Innovative Lending Solutions
Spanish neobank Plazo has closed a strategic partnership with Mambu, the world’s leading cloud banking technology platform. This alliance allows Plazo to accelerate the development of cutting-edge lending solutions, with access to over 30,000 new product combinations and fuel its expansion to further consolidate as the go-to financial wellness app covering people’s daily purchase, saving and lending needs.
Scroll Finance partners with Modulr to Disrupt Homeowner Financing
Scroll Finance (Scroll), a next-generation fintech providing smart financing solutions to homeowners, has announced that Modulr, the embedded payments platform, will power its underlying payments infrastructure. The partnership will enable Scroll to accelerate its mission to disrupt the homeowner financing sector in the UK. Scroll aims to bring the flexibility, speed and convenience of unsecured lending to homeowner financing.
BR-DGE and Trust Payments Partner to Expand Payment Offering to Merchants
Leading payment orchestration provider BR-DGE has partnered with global fintech disruptor Trust Payments to provide its merchants access to Trust Payments’ suite of Converged Commerce™ offerings. The new partnership will enable BR-DGE customers to access Trust Payments’ technology, including an all-in-one payments platform, award-winning risk management tools, Anti Money Launder (AML) and fraud detection features.
Biller Genie Announces Integrated Partnership with Maverick Payments
Biller Genie is now integrated into the Maverick Payments gateway, enabling Maverick’s thousands of merchants to use Biller Genie’s robust cloud-based accounts receivable tools for both Credit Card and ACH (eCheck) Processing. The partnership expands the list of payment gateway options available via Biller Genie software. "Maverick is an industry-leading payment processor and we are thrilled to join forces with a partner who is not only full service but who is a technology leader in the space," said Biller Genie President and Co-Founder Garima Shah.
Curve and TrueLayer Partner to Create Flexible Recurring Payment Options
TrueLayer, Europe’s leading open banking platform, announces its collaboration with Curve, the fast-growing financial super app, that will give Curve customers more control and flexibility over their finances. Curve represents the next generation of financial apps where customers enjoy the convenience of keeping all their cards and accounts in one smart digital wallet to manage their finance, and gain insights into their financial lives - empowering them to make better financial decisions, save money on fees, earn rewards and even flex any transaction into instalment from any of their accounts.
Anubi Digital Enters a Partnership with Maple Finance to Bring its Clients New Opportunities in Institutional DeFi
After being one of the first Italian companies subscribing to the Italian OAM's special registry for Virtual Assets Service Providers (VASP), the crypto custodian Anubi Digital entered its third international agreement in a few months. Anubi Digital is bringing institutional DeFi to Italy for the first time, through the existing partnerships with Aave Arc and Celsius Network and now by launching a major new project with Maple Finance.
Pomelo Pay Partners with Dialog Axiata to Digitalise Payments for SMEs in Sri Lanka
Digital payments company Pomelo Pay (Pomelo) announced a partnership with Dialog Axiata PLC (Dialog), Sri Lanka’s premier connectivity provider, to consolidate and provide an enhanced payment platform for Small and Medium Enterprises (SMEs) in Sri Lanka, helping them to digitalise and accept payments. The partnership is in line with Pomelo’s plans to expand its global presence in Asia and Europe and will consolidate about 80,000 SME merchants across Dialog’s multiple platforms, including ezCash into a common payment platform Genie.
Sage Partners with Lloyds Bank to Help SMBs Access Instant Financing
Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs) today kicked off Sage Partner Summit 2022 announcing three new strategic partnerships. During his keynote speech to Sage Partners, channel head Aziz Benmalek, announced partnerships with technology and banking leaders Lloyds Bank plc, Satago, and Automatic Data Processing, Inc. (ADP), a provider of HR and Payroll software and services.
Serve First Named BigCommerce Preferred Technology Partner
Serve First Solutions announced it has been named a BigCommerce Preferred Technology Partner, providing approximately 60,000 BigCommerce merchants access to Serve First's B2B Payment Gateway, Serve First Secure. Beginning today, BigCommerce customers can integrate Serve First's B2B Payment Gateway through the BigCommerce App Marketplace. BigCommerce has released the gateway integration with Serve First Solutions through their payments SDK.
Western Union Integrates Mambu into its New Digital Bank Platform in Europe
Mambu, the cloud banking platform, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s next-generation real-time multi-currency digital wallet and digital banking platform in Europe. Mambu will enable Western Union to extend the relationship with its customers, and create a new banking experience. With its cloud-native platform, Mambu has 70 million daily users and over 230 banks and financial institutions as customers.
Mastercard to Secure Mercado Libre Crypto Ecosystem in Brazil
Mastercard has partnered with Mercado Libre to strengthen the security and transparency of its recently launched crypto program in Brazil. Mastercard's CipherTrace technology will allow Mercado Libre to monitor, identify and understand risks, and help the retailer manage its regulatory and compliance obligations. As part of its mission to democratize financial services in Latin America, last December Mercado Libre announced that millions of Mercado Libre and Mercado Pago customers in Brazil would be able to buy, hold and sell cryptocurrencies.
Infor Partners with Everstream Analytics to Help Organizations Better Anticipate and Navigate Supply Chain Complexity & Disruptions
Infor, the industry cloud company, announced that it has entered into a technology partnership with Everstream Analytics, the global supply chain insights and risk analytics company, to help organizations better anticipate and navigate supply chain risks and disruptions. Through the partnership, Infor will integrate Everstream’s end-to-end supply chain risk assessment and monitoring data with its Infor Nexus multi-enterprise business network platform.
Tink Partners With Revolut for European Payments
Tink, Europe’s leading open banking platform, and Revolut, the global financial super app with more than 18 million customers worldwide, have entered into a strategic partnership for open banking technology. Tink’s payment initiation services (PIS) technology will allow Revolut users across Europe to seamlessly move money into their Revolut accounts. PIS enables users to connect to the bank account they want to move money from, and instantaneously authorise and complete the payment without leaving the Revolut app.
Ziglu Partners With ClearBank to Offer Virtual GBP Bank Accounts
ClearBank, the cloud-based clearing bank, announced that it is providing agency banking services to UK-based money app Ziglu. ClearBank’s technological infrastructure, regulated payment rails and treasury management service have bolstered Ziglu’s banking and investment offerings, enabling Ziglu to offer virtual GBP accounts to its customers.
Apple to Launch Buy Now Pay Later Feature
Apple revealed a "buy now, pay later" service for iPhones at Worldwide Developer Conference. Apple's BNPL service will compete with Klarna, ClearPay, and Affirm by offering a four-month interest-free loan on Apple Pay payments. It's also partnering with Shopify to help users track their orders in Apple Wallet. When iOS 16 hits in the fall, BNPL will be for the US market only. Apple also unveiled a revised MacBook Air with a new MagSafe charging port and a design similar to the MacBook Pro, ending the line's distinctive tapered shape.
GivingPay Launches with Fintech Platform Trust Payments to Simplify Charity Donations Online
Sentinels, a Fenergo company and Europe’s leading intelligent transaction monitoring platform, has been appointed by payments fintech kevin. to handle transaction monitoring compliance. The relationship means kevin. now detects suspicious transactions in real-time while ensuring compliance with local anti-money laundering (AML) regulations.
Technology Investment Tracking Tools Released by Apptio
Apptio, the leading provider of technology business management (TBM) applications, announced several enhancements to its product portfolio that support organizations adopting a digital-first strategy and improving technology investment decision-making. New features provide key decision-makers with improved visibility and insights into their technology spending and the ability to prioritise investments that deliver the most value to the organization.
Digital Bank Zopa Enters BNPL Space with Suite of Regulated Products
Digital bank Zopa has entered the BNPL space with a suite of fully regulated products that prioritise transparency and customer protection. Setting its sights on the UK’s £6 billion BNPL market, Zopa brings a simple and fair option for larger purchases (£250 - £30,000) that may take customers months or years to save up for. The new offering combines the technology and innovation that enables instant decisions and fast consumer journeys of a fintech, alongside the consumer protection, credit checks and safeguards of a regulated bank.
Persona Unveils New KYB Solution to Automate and Streamline Business Verification Process
Persona launched the only end-to-end solution that enables businesses to configure and automate KYB and KYC verification processes to help meet compliance requirements—all from a single platform. Now, companies can simplify the orchestration of KYB and KYC workflows for their customers to provide a secure and streamlined identity verification experience.
Merger & Acquisition
MFS Africa Acquires US-based Global Technology Partners (GTP)
In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, announces that it has reached an agreement to buy Global Technology Partners (GTP). Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with over 80 banks – including UBA, Ecobank, BIA, Stanbic, Coris, NSIA and Zenith Bank – using its platform. GTP’s client base covers 34 countries and is fully connected to the Visa, Mastercard, GIM, GIMAC and Verve networks for which it provides the processing.
ACA Group Announces New CFO, Following Merger with Foreside
ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, announced that Neeraj Karhade has joined the firm as Chief Financial Officer. Neeraj joins ACA with over 20 years of experience in finance, private equity, organizational transformation, and business operations. Most recently, he worked as CFO of Transformco where he had responsibility for the company’s financial functions, including financial reporting, audit and compliance, treasury, tax, strategic planning, and corporate finance.
OKX Names Rachel Conlan Global Head of Brand Marketing and Partnerships
OKX, a world-leading crypto trading app and Web3 ecosystem, announced the appointment of Rachel Conlan as the Global Head of Brand Marketing and Partnerships. With extensive experience in the sports, entertainment and marketing industry, Rachel will be instrumental in building the OKX brand internationally.Rachel will be responsible for driving the company’s brand and marketing efforts through partnerships with Manchester City F.C., McLaren Racing, and Tribeca Festival.
British Business Bank Appoints New CEO
Louis Taylor has been appointed CEO of the British Business Bank, the UK’s economic development bank, and will take up the role from 1 October. Louis Taylor is currently CEO of UK Export Finance, the UK government's export credit agency. Louis Taylor joined UK Export Finance in 2015, enjoying a stellar career that saw the department provide its highest level of support for UK exporters in 30 years and end its financial support for overseas fossil fuel projects – all while operating at no net cost to the UK taxpayer.
Mirato Names Daniel Ravner Chief Marketing Officer
Mirato, provider of an AI-enabled third-party risk management (TPRM) intelligence platform, announced the appointment of Daniel Ravner as chief marketing officer. Ravner had been working with Mirato as a marketing consultant since the Israeli company launched its technology in the U.S. two years ago. A multi-award-winning veteran of the marketing, content and innovation worlds, Ravner has led international marketing for B2B startups at Ravner – Marketing Innovation agency for the past decade, during which he and his team oversaw the growth of numerous tech ventures through a unique outsourced marketing department model.
ComplyAdvantage Names Industry Veteran Mark Watson As Chief Technology Officer
ComplyAdvantage, a global data technology company transforming financial crime detection, announced that Mark Watson has been named as the company's Chief Technology Officer and the newest addition to the leadership team. In his role, Mark will lead all engineering and technical innovation efforts including the expansion of the company's proprietary knowledge graph called ComplyData™ which contextualises insights across the company's award-winning Transaction Risk Management and KYB solution sets.
ECOMMPAY Accelerates Efforts to Tackle Financial Crime, Hiring Francisco Mainez from HSBC
ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech ecosystem for business growth, has appointed Francisco Mainez as its Head of Financial Crimes and Payments Digital Transformation. The appointment comes as ECOMMPAY strengthens its capabilities in combating financial crime through automated and streamlined processes, following industry reports of 5.3 million fraud offences across the payments sector in 2021, an increase of 36% from two years earlier.
VikingCloud Announces New Chief Financial Officer
VikingCloud, a leading provider of cyber security and compliance solutions, has announced the appointment of Tracey Luehring as its new Chief Financial Officer. Tracey brings her considerable expertise in enterprise-wide financial and transformation management to drive VikingCloud’s ambitious growth strategy. Her impressive track record of achievements in driving business strategy, mergers and acquisitions, and financial planning and analysis, was garnered through hugely successful stints at two Fortune 500 companies.