Managers of Wealth Fintech

Jack Henry signs Lea County State bank

Hobbs, N.M.-based Lea County State Bank has deep roots in the region’s oil and gas industry, having served the community since 1928.

ArcaPay prepares to attract investors: gains permission from Bank of Lithuania for reorganisation

In 2021, payments by ArcaPay Group customers to Russia and Belarus accounted for 3% of the company's total transactions.

African Payments Company Cellulant Expands Its Business Platform Into Ghana

Cellulant will roll out Tingg in Ghana in order to provide ways to digitize payments, collect and disburse to customers, the release says.

Mollie Payments for WooCommerce arrives in the UK

The plug-in offers UK SMEs with a WooCommerce webshop a seamless way to support both domestic and European payments.

KKR and TDR Capital-led consortium invest up to £120m in Jaja Finance, after taking majority stake

The change in ownership structure comes two years after Jaja Finance enlisted KKR help to fund its £530m acquisition of the Bank of Ireland’s British credit card portfolio.

NatWest adopts Bottomline’s Confirmation of Payee platform

This new fraud prevention service allows customers of participating Banks, Building Societies and Credit Unions to double-check, ahead of making a payment, that the account holder’s name matches the owner of the bank account number.

Fintech PayMint gets seed funding round from AUR Fintech Fund

PayMint launched its services in the local market in 2019 and works to provide fintech services to small- and medium-sized companies, especially salary payments, working capital financing, and supplier payments

MetaBank makes strategic investment in Advantage Payment Services

Meta has years of experience serving niche markets and operates in four primary business lines including Payments, Tax Services, Commercial Finance and Consumer Lending.

Exclusive: Klarna spins open banking API strategy with dedicated unit

‘Klarna Kosma’ an open banking sub-brand and business unit of the fintech giant is booming.

Curtis Banks’ fintech business ‘underperforms’

“We see it as a timing issue,” Self added. “We absolutely expect this to unwind in 2022.”

Wells Fargo to be official issuer of Bilt Mastercard rewards card

The Bilt Mastercard offers a competitive 0-1-2-3 product structure, making it not only the go-to credit card for rent, but also for dining, travel, and everyday spend.

Australian payments startup Zepto raises A$25m for international expansion

The company will use the new funding to make an international push, starting with New Zealand.

Qatar exploring CBDC as it digitizes payments

Speaking to a local news outlet, Alanood said that the bank recognizes the need to keep up with digital payments as the world gradually moves away from cash payments.

Mastercard Invests in Global Processing Services, Expands Their Partnership

In January 2022, GPS announced a significant capital injection of over US$400 million from notable investors.

Fintech Acquires Citi Small Business Banking Assets

Singapore-headquartered Validus was founded in 2015 and is focused on SME growth financing in Southeast Asia.

North American Bancard acquires PayTrace

Electronic Payment Exchange, or EPX, is NAB’s wholly-owned payment processor, delivering a simplified, streamlined consumer shopping experience with strong data security.

CMA writes to Barclays and Lloyds over open banking API breaches

Lloyds breached the order 10 times, also through publishing inaccurate information.

Deposits reach £1bn at Allica Bank as partnerships pay off

All thanks to partnerships with Revolut, Chip and Hargreaves Lansdown.

Moneyhub, Samsung partner for Open Banking self-service payments

As payments are initiated via the customer’s bank, it complies with the FCA’s Secondary Customer Authentication (SCA) which came into force on 14 March 2022.

Cashless transactions in Bahrain surge 28.9%

The RTGS system enables the banks to have real time information on, for example, account balances, used and available intra-day credit, queue status and transaction status

Retail Banking