The Fintech Times Bi-Weekly News Roundup on Tuesday 2 April 2024 serves up the latest industry movers and partnerships.
Partnerships
Adyen, the global financial technology platform, has partnered with PayMe by HSBC in Hong Kong to become an acquirer for the mobile payment service. Through this partnership, Adyen’s merchants can now accept PayMe as a payment method when their Hong Kong customers check out their purchases online. PayMe by HSBC is a home-grown payment app in Hong Kong accepted at over 65,000 physical and online outlets across the city.
Worldline has extended its 16-year partnership with ASDA, the UK’s third-largest supermarket group, to deliver a full omnichannel payment solution, for an initial period of five years. ASDA integrates Worldline’s omnichannel payment solution, including terminals, acquiring services, and smart routing through Worldline Payment Orchestration.
Cryptocurrency exchange Bitget has unveiled a strategic partnership with OnRamp, the crypto payment solution provider. With the integration, Bitget users can now buy and sell crypto using various local currencies. This collaboration brings significant improvements for users interacting with digital assets, enabling seamless conversion between fiat and crypto instantaneously.
Santander Consumer Bank AG (Germany) has joined international banking network IBOS Association (IBOS). As an international alliance consisting of some of the largest banks in the world, IBOS allows its members to provide local banking services across the globe and permits businesses to operate across several jurisdictions where they themselves are not present.
LTP, a provider of digital asset solutions, has teamed up with Finery Markets, a non-custodial crypto ECN and provider of trading SaaS for institutional entities. With LTP acting as a prime broker, institutional clients have started crypto spot transactions through FM Liquidity Match.
Funding and investments
Instant bank payment provider Yaspa has bagged a government grant for its safer gambling payments and AI platform by Innovate UK, the UK’s innovation agency. The receipt of co-funding from Innovate UK will enable Yaspa to work with academics in safer gambling and AI to build a platform that uses data analysis to ensure players can make quick and easy deposits with non-disruptive, real-time risk detection.
Lloyds Banking Group has invested £3million in fintech Coadjute. Coadjute has also received funding from NatWest, Nationwide and Rightmove.The Coadjute platform works by connecting existing property software systems across the house buying journey. It enables related parties to share communications and documents quickly and securely, increasing transparency and speed across each step of the property buying journey from estate agents to brokers, banks and conveyancers.
Appointments
Ajman Bank has announced the appointment of Kashif Raza as the new group head of wholesale banking. Prior to joining Ajman Bank, Raza served as the head of corporate finance and investment banking at Abu Dhabi Islamic Bank.
The chief executive of the Dubai Financial Services Authority (DFSA), Ian Johnston, has been reappointed as the vice chair of the Africa and Middle East Regional Committee (AMERC) and so, a board member of the International Organisation of Securities Commissions (IOSCO), for the term 2024-2026. IOSCO is the global standard-setter for securities regulation.
PayPal has revealed plans to appoint Carmine Di Sibio, the outgoing global chairman and CEO of EY, to its board of directors. In addition, Belinda Johnson who has served as a director since 2017, has informed the company that she will retire from the board and not stand for re-election at the 2024 annual meeting of stockholders in May.
