Partnerships

Segmint partners with Snowflake to revolutionize payment transaction enrichment for financial institutions 

Segmint, the global leader in transaction cleansing and analytics for financial institutions (FIs), announced a partnership with Snowflake, the Data Cloud company, which can revolutionize the way financial institutions understand and serve their account holders through the granular enrichment of transaction data. Snowflake delivers an integrated, unified experience that spans across clouds and regions, empowering clients like Segmint to seamlessly collaborate on data with financial institutions. The partnership will provide seamless, fast, granular, and secure access to Segmint’s Merchant Payment Cleansing solution for financial institutions.

Mollie partners with Chargebee to deliver effortless subscription payments 

Mollie, one of the fastest-growing payment service providers in Europe, announced its partnership with subscription management platform Chargebee to help drive growth for its customers. The integration with Chargebee simplifies subscription billing for merchants, providing an easy-to-install, out-of-the-box subscription management platform that offers all leading European payment methods, including iDEAL, SEPA Direct Debit, and credit cards. It also offers local, multilingual support – vital to Mollie’s customers operating throughout Europe.

Wise partners with Tencent Financial Technology to bolster international money transfers to China 

Wise, the global technology company building the best way to move money around the world, announced a technology partnership with Tencent Financial Technology which will enable international money transfers to China through Weixin. Weixin (the mainland Chinese version of WeChat), owned and operated by Tencent, is a leading social platform in China. With this latest launch, Wise’s customers will be able to send money from 11 currencies, including USD, GBP and SGD, to Chinese Yuan (CNY) within minutes at the mid-market exchange rate to users of Weixin. Only the recipient’s name and Weixin ID is needed, making international transfers a fuss-free and convenient process without requiring complicated bank details and codes. The funds will reach the bank card linked to the recipient's Weixin account.

Babel Finance forms partnership with Paradigm to increase $8 billion monthly trading volume

Babel Finance, a leading global cryptocurrency financial services provider, announced its partnership with Paradigm. Babel Finance crypto trading will offer increased trading precision, eliminate leg risk, and lower execution costs associated with trading derivatives. This partnership, combined with the expertise of the Babel Finance Singapore team, will contribute significantly to the growth of its US$8 billion monthly trading volume. By partnering with Paradigm, a zero-fee institutional liquidity network for derivatives traders, Babel Finance crypto financial services now has unified access to multi-asset, multi-protocol liquidity on demand without compromising on execution preferences, costs, and immediacy.

Texas Bay Credit Union collaborates with Scienaptic to leverage its AI-powered platform for enhanced credit decisioning

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Texas Bay Credit Union has chosen its credit decisioning platform. The collaboration will help the credit union to make stronger loan decisions and enhance the member experience. Texas Bay Credit Union was established in 1936 with a mission to be a trusted partner to its members and provide tailored financial options that match their financial dreams. The credit union believes in finding solutions through innovation to fulfill the changing needs of its members. With Scienaptic's credit decisioning platform, Texas Bay will automate its loan decision process and deliver a heightened member experience.

Wise Alpha forges strategic partnership with Fortu Wealth

WiseAlpha, the UK’s leading digital Bond market platform is delighted to announce its latest strategic partnership with UK-based Fintech, Fortu Wealth. This latest collaboration marks another impressive milestone for the Fintech pioneers, both aiming to provide a smart financial solution to private banking clients. WiseAlpha and Fortu Wealth are both optimistic that this partnership will expand their enthusiastic client base around the globe as well as educate and raise awareness of their forward-looking products and services. WiseAlpha has already been widely praised for its revolutionary mission to democratize the Corporate Bond market, building the first digital marketplace in the world for investors of all sizes to access institutional corporate Bonds via trading and automated portfolio services.

Launches

Veradly launches the Ledgible Crypto platform to unify professional tax and accounting offering 

Ledgible, the leading professional-first platform for tax and accounting of crypto assets formerly aligned under the Verady brand name, announced the company’s comprehensive crypto tax management and reporting solution is now unified under the Ledgible Platform to connect traditional finance and accounting with the new realm of cryptocurrency and Decentralized Finance (DeFi). Crypto continues to grow in popularity and is going mainstream because of massive increases and adoption by investors, consumers, and financial institutions. The market cap for all crypto assets is in the trillions meaning that tax and accounting professionals need a tax solution that is made for the blockchain.

Santander launches a BNPL service to take on fintech rivals

Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off fintech rivals trying to eat its lunch. The lender said Wednesday it will roll out Zinia, an app that lets shoppers split their purchases over monthly installments interest-free, across its markets this year, starting with the Netherlands. The technology behind Zinia has been operational in Germany for the past year, where it has already accrued more than 2 million customers, Santander said.

Argentine fintech Uala launches in Colombia 

Argentine digital banking startup Uala announced its launch in Colombia on Thursday, a new frontier for the firm as it expands in Latin America and looks to tap in to the region's millions of unbanked savers. The so-called unicorn with a valuation of over $1 billion, whose investors include Chinese technology giant Tencent and Japan's SoftBank, said it would start in Colombia with an initial $80 million investment.

Job moves

Provenir appoints Emre Ünlüsoy to spearhead expansion in Turkey, the Middle East, and the Balkans

Provenir, a global leader in AI-powered risk decisioning software, announced Emre Ünlüsoy has been appointed Regional Manager, following a year of record growth and continued global expansion. Ünlüsoy will oversee sales operations, business development, and go-to-market strategies for Turkey, the Middle East, and the Balkans as Provenir responds to growing demand in the region. Ünlüsoy brings extensive industry experience to his new role, having spent the last 15 years gaining expertise in analytics, decision management, credit decisioning, and thwarting financial crime. Prior to joining Provenir, Emre served as a Country Manager at FICO, responsible for operations in Turkey, the Middle East, and the Balkans. He also held leadership positions at SAS, Experian, BAE Systems, and Teradata.

Fintech Baton appoints David Ornstein as first COO

Baton Systems (“Baton”), the fintech transforming post-trade processing using distributed ledger technology (DLT), announced the appointment of David Ornstein as the company’s first Chief Operating Officer. Ornstein joins the rapidly-scaling business at a crucial time, as industry demand continues to soar for innovative solutions that enable banks to optimize funding and capital returns by addressing rising levels of settlement risk, unnecessary costs, and inefficiencies in post-trade processing. With a unique mix of both front and back-office experience across capital markets, Ornstein has been driving strategic change and operational excellence in both high-growth and established global financial services businesses for over 25 years.

Tim Rudman became a new COO of Verto

Global financial technology firm Verto announced its expansion with the appointment of the new Chief Operating Officer, Tim Rudman. The pioneering company brings cross-border payment solutions to the world’s fastest-growing organizations and is on a mission to help businesses of all sizes access innovative banking solutions. Tim’s appointment will support Verto’s ambitious growth plans. Tim is an experienced COO with a successful history in various high-growth companies including 11 years at WorldFirst and two years at Global Reach Group. Since his appointment in November, Tim has taken on the responsibility of supporting Verto to reach its strategic goals for geographic expansion and growth.

Tink appoints Tom Pope as new UK Head

Joining Tink in June 2021 as Head of Payments and Platforms, Tom will now lead both the London office and the global payments business for the open banking platform. Prior to Joining Tink, Tom ran product strategy and new product management for FIS and was Head of Growth and Commercialization for Worldpay. At the same time, Tink has also promoted Tasha Chouhan to UK & IE Banking Lead at Tink. Tasha joined Tink in June 2020 from Starling Bank where she was Head of Business Development for Banking Services, having previously been a Commercial Lead at Fiserv.