Fintech
This Week in Fintech: TFT Bi-Weekly News Roundup 04/07
Welcome to The Times of Financial Technology Fortnightly press review for Thursday, July 4, 2024 with the latest news from around the world.
Hiring in the sector
Paymentologythe global broadcaster-processor, appoints Stephen Bowe as Chief Product Officer. With more than 15 years of experience in the banking and payments industry, Bowe joins Paymentology’s executive team to drive innovation in the company’s payments products. He previously served as director of digital experience and innovation at National Construction Companyand worked with NAB, the Bank of New Zealand AND First in the world.
Azenzio Softwarean end-to-end software company specializing in the banking, financial services and insurance sectors, appoints by Aarthi Ramesh as a customer service manager and also Emma Foley as Marketing Director. Azentio has more than 800 customers in over 60 countries.
Cloud Accounting Software Provider implicit welcomes Paula Cooper heading up its channel reseller program which is critical to its continued hypergrowth. Cooper spent 18 years with Wise, specializing in channel partnerships. Earlier this year, iplicit announced it would “double down” on its channel partner investments to ensure continued exponential growth through 2025 and beyond.
S64the alternative fintech and solutions partner for the wealth management sector, has appointed opaque
Fool as Head of Australia and New Zealand. This strategic move follows a year of growth in the region and will further strengthen S64’s footprint in Asia-Pacific. Stovold will lead S64’s next phase of growth in the region and the expansion of its Australia Unit Trust products and front-to-back technology platform.
Collaborations
lenovo AND Cisco have unveiled a global strategic partnership to provide fully integrated infrastructure and networking solutions designed to accelerate digital transformation for businesses of all sizes. The two companies have signed an agreement to jointly establish design, engineering and execution plans to accelerate digital transformation with turnkey solutions.
Korea Kyobo Life Insurance Group and Japan SBI Group have entered into a strategic business partnership agreement to strengthen cooperation in finance and digital technology. Since 2022, Kyobo Life Insurance and SBI Group have been cooperating in the fields of venture capital and financial technology, including a venture capital fund in Southeast Asia.
Cable tie AND Dinars enter into a strategic partnership to introduce Dinari dShares (defined by Dinari as 1:1 backed Real World Asset tokens of U.S. stocks and ETFs) on Fasset’s globally available digital asset trading platform. The move is intended to broaden investor access to equity markets via blockchain technology and includes the listing of tokenized blue-chip stocks such as Apple, Nvidia, Tesla, Adobe and Uber.
Financing and Investments
Get LLC Credit, a provider of flexible credit solutions, has secured a new debt financing facility of up to £100 million to support its continued growth in the UK non-prime market. The financing, provided by Cascade Wealth Managementwill allow Gain Credit to continue developing responsible, mid-priced credit solutions for people who are unable to obtain credit from major lenders and traditional banks.
Company Updates
The Payments Association drafted a letter to the incoming Chancellor, highlighting the payments community’s priorities for the sector. Tony CraddockChief Executive of the Payments Association, says it is “essential that the new government and the payments industry work collaboratively to protect the UK’s global leadership position. A clear vision and strategy from the new government will generate significant investment and promote the UK’s established position as a global payments leader.”
SlightlyThe UAE-based social monetization platform has been granted a full operating license by Ras Al Khaimah Digital Assets Oasis, the common law free zone established to support digital asset businesses. The license allows Lyvely to engage in any unregulated activity that falls under the SocialFi category.
KHK and Partners announces the spin-off and launch of Capital of Ayalaa newly established entity dedicated exclusively to capital raising activities in the MENA region. This strategic move aims to streamline and enhance KHK & Partners’ fundraising capabilities, enabling both KHK & Partners and Ayala Capital to better serve clients, investors and stakeholders.