Quai Digital selects WealthOS as new strategic technology partner
FinTech Futures
by Cameron Emanuel-Burns
12h ago
UK-based wealthtech WealthOS has secured a contract with Quai Digital, a provider of white-labelled digital savings solutions, to become the firm’s new strategic technology partner. WealthOS selected as Quai Digital’s technology partner Founded in 2019 and backed by Barclays, WealthOS provides a Software-as-a-Service (SaaS) platform which it claims can help wealth managers achieve their “digital transformation three times faster and 40% cheaper” by providing them access to its integrated ecosystem of third-party vendors via APIs. The new partnership will see Quai Digital leverage WealthOS’ c ..read more
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ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
FinTech Futures
by Cameron Emanuel-Burns
12h ago
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news. Zūm Rails lands $10.5m investment Zūm Rails, a Montreal, Canada-based payments software vendor, has announced the successful completion of a $10.5 million Series A funding round. The round was led by US-based growth equity firm Arthur Ventures, which specialises in B2B software investments. Marc Milewski, Zūm Rails’ co-founder and CEO, st ..read more
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FinTech Futures: Top five news stories of the week – 23 February 2024
FinTech Futures
by Tyler Pathe
14h ago
Here’s our pick of five of the top news stories from the world of finance and tech this week, featuring Capital One, Toast, Napier AI, Xalts and more. Capital One acquires Discover Financial Services in $35bn deal Capital One to buy Discover in £35bn deal US financial services giant Capital One is set to acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion. The Virginia-based firm, which claims to hold $348.4 billion in deposits and $478.5 billion in total assets, says the procurement of Discover “is a key foundation” in its “quest to bu ..read more
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Dayforce selects Green Dot as BaaS partner for on-demand pay solution
FinTech Futures
by Tyler Pathe
18h ago
Canadian payroll software firm Dayforce, formerly known as Ceridian, has selected US-based digital bank and fintech Green Dot as its Banking-as-a-Service (BaaS) partner for its new on-demand pay offering. Green Dot forms BaaS partnership with Dayforce Dayforce will leverage Green Dot’s BaaS platform and embedded finance solutions for its Dayforce Wallet offering, a tool that enables companies to pay their employees as they earn. The solution sees paycheques deposited directly into a prepaid Mastercard, issued by the Central Bank of Kansas City, which can be managed through the Dayforce app ..read more
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Australia’s Judo Bank appoints Chris Bayliss as new CEO and managing director
FinTech Futures
by Cameron Emanuel-Burns
18h ago
Judo Bank, claimed to be “Australia’s only challenger bank purpose-built for SMEs”, has announced the appointment of Chris Bayliss as its new CEO and managing director, effective 19 March 2024. New Judo Bank CEO and MD Chris Bayliss (Image: LinkedIn) Bayliss, the challenger’s former deputy CEO and chief relationship officer, succeeds Joseph Healy who, after a seven-year tenure as CEO, is stepping down. Judo says Healy will remain as an advisor to guide Bayliss during a period of transition which will end on 28 June 2024. Writing on LinkedIn, Healy states that he has “approached this change w ..read more
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Colombia’s Simetrik secures $55m Series B round led by Goldman Sachs
FinTech Futures
by Cameron Emanuel-Burns
19h ago
Colombian B2B payments solutions platform Simetrik has announced the successful completion of a $55 million Series B funding round, led by Growth Equity at Goldman Sachs Asset Management. Simetrik completes $55m Series B funding round Founded in 2019, the Bogotá-headquartered fintech develops solutions to streamline financial operations, such as reconciling accounts, consolidating records, managing accounting tasks and generating reports. Its offerings are based on the firm’s generative AI and no-code development concept, Simetrik Building Blocks (SBBs). ‍“This funding enables us to ele ..read more
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Lithuania: A David slaying Goliath in the fintech arena
FinTech Futures
by FinTech Futures
21h ago
You know a country is taking technology seriously when its President gives the keynote speech at a fintech conference and expresses how important this sector of industry is to the country. I’m impressed with Lithuania’s spirit, commitment and passion for fintech That’s exactly what happened at Rockit’s Fintech Day held in Vilnius, Lithuania earlier this month, with Gitanas Nausėda, President of the Republic of Lithuania, taking to the stage to open proceedings. President Nausėda was promptly followed by the county’s Minister of Finance, Gintarė Skaistė, who reiterated the importance of the g ..read more
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Nick Harding steps down as CEO of UK lender Fluro
FinTech Futures
by Tyler Pathe
1d ago
After a decade at the helm, Nick Harding has announced that he is stepping down as CEO of UK consumer lender Fluro. Fluro CEO and co-founder Nick Harding steps down Founded by Harding and Matthew Powell in 2012 and launched two years later, Fluro provides loans to UK consumers through its peer-to-peer lending platform and API-based embedded finance partnerships. The London-based lender was formerly known as Lending Works until it was acquired by Intriva Capital, a private asset manager, in 2020. Since its inception, Fluro has maintained a key market position through its advocacy of tran ..read more
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Nick Harding steps down as CEO and co-founder of UK lender Fluro
FinTech Futures
by Tyler Pathe
2d ago
After a decade at the helm, Nick Harding has announced that he is stepping down as CEO of UK consumer lender Fluro. Fluro CEO and co-founder Nick Harding steps down Founded by Harding and Matthew Powell in 2012, and launched two years later, Fluro provides loans to UK consumers through its peer-to-peer lending platform and API-based embedded finance partnerships. The London-based lender was formerly known as Lending Works until it was acquired by Intriva Capital, a private asset manager, in 2020. Since its inception, Fluro has maintained a key market position through its advocacy of tra ..read more
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Abu Dhabi Islamic Bank digitises cross-border services with ProgressSoft
FinTech Futures
by Tyler Pathe
2d ago
In an effort to facilitate digital-first payment corridors, Abu Dhabi Islamic Bank (ADIB) has selected Jordan-based financial solutions provider ProgressSoft for its payments hub platform. ADIB partners ProgressSoft for cross-border payments The integration of the platform, known as PS-PayHub, has enabled ADIB’s customers with a heightened ability to process transfers and accept and send cross-border remittances, while also replacing the bank’s legacy systems. Launched in 2015, PS-PayHub operates as a centralised, multi-tenant platform built with correspondent management modules, fees and em ..read more
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