Temenos, a core banking software heavyweight, has concluded its extended search for a new chief executive officer (CEO) with the appointment of Jean-Pierre Brulard, effective 1 May 2024. Jean-Pierre Brulard, new CEO of Temenos. Image source: LinkedIn Brulard moves from VMware, a US-based cloud computing and virtualisation technology company, where he spent 14 years in various leadership roles. Most recently, he was executive vice president (EVP), worldwide sales and a member of the firm’s executive committee. VMware was acquired by Broadcom last year. Prior to VMware, Brulard was senior vice ..read more

Axis Bank has selected Moneythor’s personalisation engine to increase engagement and provide personalised insights to its customers in India. Axis Bank taps Moneythor for digital engagement solution The private sector bank has deployed its partner’s digital engagement platform to produce “real-time contextual nudges” and to encourage increased customer engagement in its mobile banking app through “animated year-end wrap solutions”. It intends for the integration to increase its capacity to process data in real-time, manage larger amounts of information and access transactional ..read more

Financial crime intelligence and fraud risk detection firm ComplyAdvantage has acquired tech start-up Golden Recursion for an undisclosed sum. ComplyAdvantage to acquire Golden Recursion Based in San Francisco, USA, Golden has developed a data discovery tool that helps firms research and track information on millions of topics and entities. The company has utilised natural language processing (NLP) and AI technology to harvest and display information from a wide range of public and private sources in the form of a “knowledge graph”, which ComplyAdvantage says “shows interconnected data point ..read more

NowCM, a market infrastructure and issuance provider specialising in the primary debt capital markets, has appointed industry veteran Markus Sauerland as its new chief operating officer (COO) and co-CEO, effective 1 April 2024. Markus Sauerland, new NowCM COO and co-CEO (Image: LinkedIn) In his new roles, NowCM states Sauerland will be responsible for “all operational and business initiatives, steering growth and deepening client engagements”. Commenting on Sauerland’s arrival, Robert Koller, NowCM founder and co-CEO, says the company is now ready to embark on a “new phase of growth, scaling ..read more

Jordan Kuwait Bank (JKB) has partnered with Intellect Global Transaction Banking (iGTB), the transaction banking arm of Indian banking tech provider Intellect Design Arena, to implement its Digital Transaction Banking (DTB) offering. JKB taps iGTB for digital transaction banking platform The $7.3 billion-asset commercial bank is leveraging the DTB platform to enhance its existing transaction banking channels with new digital capabilities for its corporate and SME customers. These enhancements will apply to areas including cash management, payments, and the bank’s trade finance functions. The ..read more

UK property lender Together has partnered with cloud banking specialist nCino as it looks to streamline its lending processes and “future-proof” its business. Together partners nCino for digital upgrade Headquartered in Cheadle, UK, Together is poised to implement nCino’s Cloud Banking Platform, which will be deployed across all of the company’s core services, including bridging facilities, commercial loans, development finance, and regulated residential and buy-to-let mortgages. Founded in 1974, Together, which claims to have a loan book exceeding £6.8 billion, says it takes a “common-sense ..read more

Fintech start-up Payflows has emerged from stealth mode with €25 million in Series A funding to power its enterprise financial automation platform. Fintech start-up Payflows secures €25m Series A In the works since 2022, the platform has been built to automate the financial functions of scale-ups “at the mid to upper end of growth”. Its capabilities extend to accounts processing, procurement, payments and cashflows, customer and supplier insights, and other operations held under the remit of a CFO. Delivered via Software-as-a-Service (SaaS), the offering is designed to work alongside legacy ..read more

DT One, a digital business-to-business (B2B) micropayments platform, has appointed former Moneyfarm chief operating officer Claudio Di Zanni as its new CEO. DT One appoints Claudio Di Zanni as new CEO Allan Green, chairman of DT One, says Di Zanni’s appointment comes as the company readies for its “next phase of innovation and growth”. The fintech cites Di Zanni’s “solid track record of leadership and success” at numerous multinational digital enterprises as the driving force behind his recruitment. The company believes his expertise will be pivotal in advancing its global growth strategy. B ..read more

British Caribbean Bank is set for a core and operational overhaul as a result of its new partnership with UK-based financial software vendor Finastra. Finastra partners British Caribbean Bank The bank, which provides international bank accounts, term deposits, loans and tourism-related development financing for the Turks and Caicos Islands, has opted for the vendor’s Fusion Essence solution to facilitate the growth of its digital ambitions. Deployed on Microsoft Azure, the solution will be applied to the bank’s core and back-office operations as it attempts to reduce costs, increase pro ..read more

Pomelo has raised $35 million in a Series A equity funding round while also securing an additional $75 million for its warehouse facility. Pomelo bags $35m Series A The round was supported by Vy Capital and existing backers A* Capital and Founders Fund. This latest cash injection brings the San Francisco-based start-up’s total funds raised to date to $55 million in equity capital and $125 million for its warehouse facility, adding to the $70 million raised as part of a seed funding round in 2022, which comprised of $20 million in venture capital and a $50 million credit facili ..read more