Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 01 August 2023.
Partnerships
finova, acloud-based mortgage and savings software provider, announced that its Apprivo² core banking originations platform has been chosen by Aviva to power its equity release business to roll out later in the year.
Danske Bank UK has chosen to partner with LMS, the UK’s leading conveyancer and panel management specialist, as it looks to expand its services in Northern Ireland.
Lithuania-based ID verification iDenfy has partnered with Umazi, a global cross-industry due diligence platform, to elevate due diligence processes within the SME market.
Payments platform Airwallex announced its partnership with venture investing platform OurCrowd so institutions and individual accredited investors will have the ability to invest in start-ups anywhere inn their own local currency.
Checkbook, an all-in-one push payments platform, announced its new pay-out option with Zelle to offer a seamless and trustworthy experience for users, emphasizing fast, secure and easily accessible financial transactions
Travel marketplace Hopper and Nubank have announced a partnership to mark the banks entry into the travel industry and diversify its products and services.
Mergers and Acquisitions
Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products has announced the acquisition of Uplift, Inc., a provider of Buy Now Pay Later (BNPL) payment and credit products to travellers.
Funding and investments
Alternative banking solutions provider Orbital has raised £5milllion in an oversubscribed growth round led by Golden Record Ventures to continue developing its rapid growth.
Industry updates
The Bank of Spain has approved the registration of eToro as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services.
HSBC and B2B fintech Tradeshift have today announced an agreement to launch a new, jointly-owned business focused on the development of embedded finance solutions and financial services apps.
Blockchain company Quant has secured a new patent recognising their unique method for chronologically ordering transactions from different blockchains.
Appointments
Validus, Southeast Asia’s all-in-one SME business account and financing platform, announced the appointment of Vineet Agarwal as CEO of Validus Capital in Singapore.
Transactional attorney Dilveer Vahali will take on the role head of venture legal at CoinFund, a web3 investment firm to drive legal deal strategy and execution
Digital-first custodial platform, Entrustody announced the appointment of Brian Kutmas as its new senior vice president of product and technology. Kutmas joins the company to spearhead the acceleration of its strategic roadmap.
NOW Money, and inclusive fintech company offering accessible digital banking solutions for overlooked communities, has announced the senior appointment of Matt Jennison as the company’s new head of financial inclusion.
Jake Ranson has been appointed the new CEO of Paylink Solutions following Susan Rann’s departure from the role after 5 years of service.
Cardless, Inc. has appointed Fitz Tepper as the company’s chief operating officer. Tepper will be the first COO for the fintech company to oversee, optimize, and grow Cardless as the company continues to expand.
Claire Woffenden
