Fintech
This Week in Fintech: TFT’s Bi-Weekly News Roundup 06/27
Welcome to The times of fintech Bi-weekly news roundup Tuesday 25 June 2024 with the latest updates from around the world.
Appointments
Atomic bankUK’s app-based bank names Gareth Jones as the new Chief Risk Officer. Replaces Chris Sparks, who is retiring after nine years at the bank. Jones joins Atom Bank from The Cooperative Bank, where he worked for 26 years, most recently as Chief Risk Officer. In his role, Jones will ensure Atom Bank maintains and further improves its risk management culture.
Money for salad, a social enterprise founded in 2019 to offer an alternative to high-cost loans for people with full-time jobs and poor, poor or non-existent credit history, has appointed Rupert MacInnes to its board as a non-executive director. MacInnes previously served as Head of Legal, Compliance and External Affairs at Capital One.
Tribal payments, appointed digital payments and infrastructure orchestrator Andrea Hocking as the new CEO. Previously Chief Strategy Officer, Hocking’s new role sees him accelerate Tribe’s expansion, building on its strong growth to date. Before joining Tribe Payments, he held roles at Pay.com, International Network AND Elavon.
DTCC, Post-trade market infrastructure for the global financial services industry, appoints Happy Simone as DTCC site manager in its Abu Dhabi office. Simon will lead support activities related to DTCC activities in Abu Dhabi Global Market (ADGM) and local government relations, with a focus on the DTCC Digital Assets portfolio. Simon will also help oversee corporate and support functions in the Abu Dhabi office.
ekko has appointed two leaders to strengthen its team as part of its strategic expansion efforts. Anthony Thomson, the founder and former president of Metropolitan Bank, joined the company’s board of directors, with Majda Dabaghi also appointed as the company’s new sustainability manager. The appointments reflect ekko’s ambition to expand following recent $2.5 million in funding.
Other hirings
MoneyLion he named Jon Kaplan as the company’s first chief revenue officer. Kaplan previously worked at technology companies, including Pinterest AND Google. Kaplan will lead MoneyLion’s go-to-market strategy, with a focus on expanding market share of MoneyLion’s digital financial ecosystem.
Fintech based in London Positive payments he named Alex Daly as the new financial director. It comes from an ethical financial services company in the UK Algebrawhere he also served as CFO. He is also a non-executive director of the UK peer-to-peer lending platform FOLK2FOLK and previously held the positions of CFO and CRO in both Ask for inclusive finance (AskIf)and supported by the government Start-up loan company.
Finboot welcomes Carlos Garcia as Head of New Partnerships based in Barcelona. This strategic hire underscores Finboot’s commitment to expanding its green supply chain management solutions across Europe. Garcia will build new partnerships and relationships to grow Finboot’s customer base.
NTT DATA appointment by Abhijit Dubey as CEO of its operations outside of Japan. The news follows the finalization of the merger between NTT DATA and NTT Ltd., creating a $3 billion-plus global powerhouse under the name NTT DATA. Dubey previously served as CEO of NTT Ltd.
FNZthe global wealth management platform, has unveiled Enrique Sacau as the new CEO for Europe. He previously worked at FNZ as Managing Director, Europe, since 2014, leading business development efforts in the region. He has since held executive roles at Equinites, as CEO of its digital division and as CEO of Kneipp.
Partnerships
Sabio Groupdigital customer experience (CX) transformation services specialist, has secured a multi-year contract with Leeds Building Society that will drive innovation in its contact center and improve customer service for Society members. The partnership will move Building Society’s contact center operations to a PCI-compliant Sabio OnDemand private cloud infrastructure.
Youra next-generation core banking platform, is strengthening its ongoing partnership with Amazon Web Services (AWS). This strategic alignment introduces Tuum to the AWS market. AWS Marketplace will feature Tuum’s core banking platform, providing financial institutions with an agile, cloud-native banking environment built on a modular microservices architecture.
Fingerprints AND Valid, the global payment technology provider and integrator of secure solutions for identification, mobile and payment ecosystems, have partnered to develop a biometric payment card for the Brazilian market. The card, which features Fingerprints’ proven biometric technology, will offer new levels of contactless security, convenience and hygiene.
Payment Orchestration Provider BR-DGE announces partnership with open banking solutions company With confidence. The integration into BR-DGE’s global orchestration platform will provide its customers with access to Trustly’s global open banking capabilities, which processed $58 billion in transactions in 2023. The partnership also extends to support iDEAL payments, an online payment method in the Netherlands.
Financing and investments
Payment, The payments infrastructure solution for software companies, has closed a $20 million Series A round QED Investors with the participation of existing investors TTV Capital, Fika Ventures AND Capital of glitz. The new funding round will be used to drive further product innovation, strengthen security and scalability, and fuel new customer acquisition.
Norma Ai, an artificial intelligence platform for converting regulations into computer code, has raised a new round of capital, securing a $27 million Series A led by Coat, with the participation of Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures AND Jefferson River Capital. Over the past 11 months, Norm has raised more than $38 million.
Crossover markets, a digital asset trading technology company, has raised $12 million in a Series A funding round led by Light up the finance AND DRW Venture Capital. Crossover plans to use the funds to expand its team, develop its execution-only electronic communications network, CROSSx, and bring 24/7 trading to additional asset classes.
Creation, a no-code platform provider for automating CRM and enterprise workflows, has raised $200 million in capital at a valuation of $1.2 billion. The investment round is led by Sapphire Ventures, with the participation of StepStone Group and current investors Capital of volition AND Capital of horizon. The round is a minority investment aimed at fueling Creatio’s global expansion.