Partnerships 

OKX partners with Pyth Network

OKX, the world’s second-largest cryptocurrency exchange, announced that it is partnering with Pyth network, a next-generation Oracle solution built on the Solana blockchain and designed to provide trusted and verifiable market data to decentralized applications. Pyth operates one of the largest and most reliable oracle networks, deriving price data from more than 70 leading institutions, both in crypto and traditional finance.

Thirdfort Partners with Mint Insurance Brokers

Thirdfort, a risk management platform combining Know Your Client (KYC), Anti-Money Laundering (AML) and Source-of-Funds (SoF) verification, has partnered with insurance brokers Mint. With money laundering now costing the economy more than £100bn, the partnership aims to help property professionals navigate growing fraud and money laundering risks. The partnership enables Mint’s property professional clients to more easily access Thirdfort’s one-stop solution for comprehensive AML.

Apple Teams With Goldman Sachs to Offer Savings Accounts

Apple has joined forces with Goldman Sachs to add a high-yield savings account feature to its credit card.Apple Card users will be able to automatically deposit their Daily Cash cashback rewards into the new savings account, set to roll out in the next few months. There will be no fees, no minimum deposits, and no minimum balance requirements for the account, provided by Goldman Sachs.

Mastercard and Nclude Partner to Accelerate Egypt’s Fintech Ecosystem and Boost Financial Inclusion

Mastercard has announced a strategic investment in Nclude, a fintech-focused VC investment platform launched in partnership with Egypt’s leading national banks - Banque Misr, National Bank of Egypt and Banque Du Caire - to further boost Egypt’s vibrant fintech ecosystem and support the country’s digital transformation journey. The cooperation will enhance Egypt's financial inclusion by investing in early- and growth-stage fintech startups.

BlueSnap Partners with BitPay to Offer Cryptocurrency Acceptance and Payout

BlueSnap, a global payment orchestration platform of choice for leading B2B and B2C businesses, announceda new partnership with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. This product partnership will give businesses the ability to accept and get paid out in up to 15 different cryptocurrencies and seven fiat currencies globally, and supports BlueSnap’s mission to help businesses across the globe increase their revenue and reduce costs.

Tink and Snoop Collaborate to Help Brits Save on Bills as Cost of Living Soars

Europe’s leading open banking platform, Tink is working with Snoop, the multi-award-winning money-saving app, to give UK consumers real-time insights on how to cut their bills, pay off debt, grow their savings and save where they spend. This summer Snoop passed one million downloads. Together with Tink the app empowers people to use their own data as a powerful force to save money and take control of their finances.

Oklahoma-Based Community Bank Partners with Fintech to Modernize Lending

Farmers State Bank and Teslar Software announced their partnership to automate the bank’s commercial lending processes. Teslar’s technology will help the bank efficiently manage their loan portfolio as they continue to grow. The Quinton, Okla.-based bank partnered with Teslar Software after being impressed by the sophisticated technology and hearing many positive experiences from peer banks. Farmers State Bank plans to first leverage Teslar to better manage exceptions and past-due loans and then gradually add other modules.

Sage Announces New Product Integrations with Microsoft to Make Life Easier for SMBs

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), announces that it now provides customers with enhanced capabilities integrated into Microsoft Teams that help simplify and automate workflows. Customers may submit and approve accounting and people procedures directly through Teams, avoiding the need to toggle between solutions.

First Central Partners with Clausematch to Streamline Policy Management Processes

First Central Insurance and Technology Group, a fast-growing private motor insurer and innovator in data, announced that it has embarked on Clausematch's compliance management platform to streamline its drafting, review and approval processes. The First Central team highlighted the growing need to adopt its policy management system to a platform that would mitigate the risk of error as the company scaled and matured.

Yapily and Juni Team Up to Improve Access to Credit for E-commerce

Open banking infrastructure platform Yapily has teamed up with Juni, the financial platform built for e-commerce, to help e-commerce businesses gain a real-time overview of their finances, maximise cash flow, and get better credit decisions. In 2021, retail e-commerce sales amounted to approximately $5.2 trillion worldwide. Despite the current economic climate, this figure is forecast to grow by 56% over the next five years, reaching $8.1 trillion by 2026.

Danish Pension Company, Lægernes Pension, Partners with Premialab

Premialab announced that Lægernes Pension has selected Premialab to enhance its data management, strategy due diligence, multi-asset portfolio modelling, and reporting for systematic strategies. Laegernes Pension will use Premialab's platform and Premialab Pure Factors to pick cross-asset quantitative strategies, do due diligence on market strategies, monitor current investments, and connect to major investment banks for risk management.

Evelyn Partners Strengthens Bestinvest Commercial Team Following Transformation to Hybrid Platform

Leading UK wealth manager Evelyn Partners has invested further in its revamped retail investing platform Bestinvest with a number of strategic marketing and commercial appointments. Oliver Plant was named Head of Bestinvest after managing the company's shift from a DIY investing platform to a hybrid offering with best-in-class digital features and free in-person investment counselling.

JPMorgan and Visa Unveil Joint Blockchain Payment Gateway

JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect. Under the collaboration Visa B2B Connect will utilise Confirm, a new tool from Liink to validate new accounts for cross-border payments and to approve accounts when new users onboard. The service is expected to be live in 10 countries by end-2022 and projected to increase its presence in over 30 countries in 2023.

Equifax Partnership with PrinSIX Enables Telco’s to Bolster Social Tariff Outreach

Equifax and PrinSix have facilitated an Open Banking solution for KCOM, a Yorkshire-based broadband provider, to create the UK’s first internet service provider (ISP) accepting applications for a social tariff online. Social tariffs give eligible low-income households the ability to access cheaper deals from their service providers. Social tariffs were applied to broadband and mobile bills in the summer to tackle the rising cost of living.

BankiFI and Axiom Bank, N.A. Partner for Expansive SMB Offering in the United States

BankiFi and progressive financial institution Axiom Bank, N.A. are joining forces to make banking better for small-to-medium size businesses (SMBs) across the United States. The new partnership also represents BankiFi’s first North American client since its stateside launch in July. As part of its continued efforts to support SMBs around the world, BankiFi has announced the launch of a new partnership with Axiom Bank.

Launches 

Forter Launches Smart Claims to Combat Chargeback Fraud and Increase Win Rates

Forter, the Trust Platform for digital commerce, announced the launch of Smart Claims, a new product offering designed to help businesses manage chargebacks more effectively. By connecting order and claims data across different payment systems into a single, consolidated view, Smart Claims enables merchants to resolve chargeback disputes more intelligently and efficiently, improve win rates and recover lost revenue.

SH Digital Launches to Offer World First Digital Asset Trading Experience

SH Digital, is a fully licenced digital asset trading platform, designed to offer the most fluid, reliable trading experience possible. SH Digital will provide users with a suite of key services including, giving access to tier-one liquidity. Users will be given the ability to convert fiat currency into cryptocurrency through multiple on and off-ramps, all while providing access to multiple financial institutions. 

Freelance Payroll Solution Solar Staff Launches in the USA

Solar Staff, an international payment and task management solution for companies and contractors hasannounced its launch in the United States. Solar Staff automates interaction between 700,000 independent contractors and more than 1,600 businesses from 45 markets including SPLAT, SumSub, Atomic Wallet and Adguard. The company was founded using only the founders' money, with an estimated $1.5 million invested at the launch and revenues topping $950 thousand in July 2022.

Temenos Launches Self-Service Financial Crime Mitigation on Temenos Banking Cloud

Temenos announced that it is the first to market with a SaaS offering that enables banks to manage financial crime mitigation (FCM) with composable banking services on a secure, continually evolving, self-service platform. Temenos' FCM-as-a-Service offers pre-built configurations matched with global requirements. Banks can reduce total cost of ownership and improve customer service with self-provisioning and automatic upgrades.

Deutsche Bank and Fiserv Launch Vert - Germany's Newest Payments Company

Deutsche Bank and Fiserv, a global leader in payments and financial services technology, have launched Vert, a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). Vert is the only German provider to combine payment acceptance and processing and traditional banking solutions, meeting market demand for an integrated offering and streamlining access to innovative products for merchants of all sizes.

Google Cloud and Coinbase Launch New Strategic Partnership to Drive Web3 Innovation

Google Cloud and Coinbase announced a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers. The collaboration will involve Coinbase selecting Google Cloud as a strategic cloud provider to build an advanced exchange and data services. Coinbase will use Google Cloud's powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google's premium fibre-optic network.

PostePay and Mastercard Launch a Solution to Digitize Payment Requests Across Italy

Mastercard, the global payments technology company, and PostePay, part of the Poste Italiane Group, announced they are working together to launch a “Request to Pay” (RTP) solution in Italy. Request to Pay allows billers to request the payment of goods and services, digitally and in real time. The payer receives a digital request on their web or mobile device and can then choose to accept it and proceed to the payment method. 

Fintech Recharge.com Launches Global Marketplace for Digital Branded Gift Cards and Mobile Top-ups

Recharge.com, a European branded payments company, launched a global marketplace for branded gift cards and mobile top-up cards to become the world's leading digital payments and branded payments player. The fast-growing fintech firm that distributes digital gift and prepaid cards for local and global companies like Netflix, Spotify, and Xbox has hailed the new card as a milestone for the company, which is on pace to become a global prepaid payments platform for major financial services products.

Form3 To Launch Cloud-Native API SWIFT Connectivity Solution

Form3, the leading cloud payment technology provider, announces its plans to launch a cloud-native API solution to connect financial institutions globally to the SWIFT network. The Swift as a service solution will help banks, fintechs and payment service providers to gain API access to SWIFT for payments and cash management services. The solution will allow institutions to reduce operational costs and overheads by leveraging scalable cloud-based services.

Merger & Acquisition

Sage Acquires Spherics to Help SMBs Measure and Cut Their Carbon Emissions

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), announces that it has completed the acquisition of Spherics, a carbon accounting solution to help businesses easily understand and reduce their environmental impact. The acquisition reinforces Sage’s commitment to sustainability, in line with its purpose of knocking down barriers so everyone can thrive.

LHV UK Plans to Acquire Bank North’s SME Lending Business

LHV UK (the ‘Company’) announces that it has agreed on commercial terms to acquire Bank North’s Small Medium Enterprise (‘SME’) lending business. This transaction enables the Company to accelerate its strategy to expand to servicing SMEs. Powered by 14 years of consecutive growth, lending to SMEs has been one of the core business areas for LHV Group (the ‘Group’), LHV UK’s parent company and an investor in Bank North.

Job Moves

Mercurity Fintech Holding Inc. Announces Appointment of New Directors to the Board

Mercurity Fintech Holding Inc., a digital fintech group powered by blockchain technology, today announced that its Board of Directors (the “Board”) has appointed Alan Curtis, Daniel Kelly Kennedy, Zheng Cui, Qian Sun and Hui Cheng as new directors of the Company effective as of October 9, 2022, among whom Alan Curtis, Zheng Cui and Hui Cheng are deemed independent under Nasdaq Rule 5605.

ComplyAdvantage Names Vatsa Narasimha As Chief Executive Officer

ComplyAdvantage, a global data technology company transforming financial crime detection, announced that Vatsa Narasimha has been named as the company's new Chief Executive Officer (CEO), and Charles Delingpole, the company's founder and former CEO, will transition to become Executive Chairman. Both will assume their new positions effective immediately.  Charles Delingpole founded ComplyAdvantage in 2014 and has taken it to 450+ employees and 1,000+ clients. In his new role, Charles will be a significant player.

PayNearby Announces Strategic Leadership Hiring to Strengthen its DaaS Network and Drive Growth

PayNearby, India's premier branchless banking and digital network, announced two important leadership hires to improve and expand its DaaS network. Vishal Khanna has been named 'National Head of Sales' and Alok Jha 'Head of Strategic Initiatives'. The recent hires align with the company's ambitious goals to promote growth through DaaS across developing enterprises and channel partners, while bringing millions into the formal financial fold.