Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 16 November 2024 bringing you the latest updates from across the world.
Industry hires
Dallas-based P2P automation solution provider Yooz appoints Dave Kasabian as the company’s new global chief marketing officer. Kasabian most recently served as the CMO of OneStream, where he evolved the brand and scaled up a global marketing team to support the company’s rapid growth. Prior to OneStream, he was the CMO of Tagetik.
Bank ABC has appointed Simon Atkins as European head of treasury and financial markets for ABCIB, replacing Martin Westacott. Atkins has previously worked at BZW, Banque Paribas, CIBC and HSH Nordbank (HSH), the latter including relocating to run HSH Singapore Treasury and Financial Markets ahead of moving to Lloyds Bank Commercial Markets Singapore in 2015.
Smarter Contracts, the builders of the blockchain-based permissions management protocol Pulse, has welcomed James Bowater, founder and chief executive of The Digital Insider, as a strategic advisor. He is currently also serving as the global ambassador for World Mobile, ambassador for CUDOS and VIP ambassador for Paris Blockchain Week.
Unity Trust Bank appoints three new relationship managers in its North West team. Deposits relationship manager Dawn Morris will work specifically with banking customers to support their liquidity and investment requirements. While relationship managers Philippa Moors and Andy Matley will support and grow a portfolio of customers spanning a broad range of sectors.
More appointments
Temenos has promoted William Moroney to president international and joins the executive committee. Philip Barnett, president Americas and member of the management board is also promoted to the executive committee. Jean-Paul Mergeai is stepping down from the role of president international sales and is retiring from Temenos after 13 years. While Lee Allcorn is taking over as MD for Middle East & Africa.
Recurly, a subscription management and billing platform, announces the appointment of Joe Rohrlich as its new CEO. Rohrlich was previously CEO at Top Hat, the higher education engagement platform, partnering with students, faculty and administrators at over 750 colleges. Prior to that, Rohrlich led teams at Bazaarvoice, as CRO and General Manager EMEA.
DiffusionData, a real-time data streaming and messaging solutions company, names Andy Peet as chief financial officer. Prior to joining DiffusionData, he was CFO at Altia, sales-i and MHR. DiffusionData’s framework, Diffusion, is used by companies in sectors such as financial services, eGaming, retail, travel and transportation, health and digital media.
Partnerships
Platinum Asset Management, an Australian-based global equity manager, will upgrade its data and technology capabilities by implementing provider of financial software NeoXam‘s integrated solutions for investment data, performance measurement and client reporting. NeoXam’s data management platform will manage reference, market and investment data within a single, centralised enterprise repository.
VOXI by Vodafone has partnered with Moneyhub to offer customers 12 months of free access to its financial wellness app. VOXI customers can claim free access to the Moneyhub app (usually £14.99 annually), as part of the latest series of benefits and rewards available through its VOXI Drop customer reward programme.
Funding and investments
10x Banking, the cloud-native SaaS core bank operating system, announces a new round of funding as well as the appointment of a chief revenue officer. The round was led by existing investors Blackstone and JPMorgan Chase. Matt Mills joins the company as CRO from Featurespace as the latest member of 10x’s experienced leadership team.
Fintech Detected has bagged $2.5million in its latest fundraise, including investment from existing investors Thomson Reuters Ventures and Love Ventures. The new funding will be invested in a growth strategy as the company deepens “relationships with enterprise clients” and “rapidly increases the volume of payments businesses” it works with.
Carmoola, the UK-based fintech specialising in direct-to-consumer car finance, reveals a £15.5 million equity investment. The raise follows an £8.5million Series A round and a £95million debt facility. The funding will be used to reach even more car buyers, enabling Carmoola to make further inroads into the UK’s £100billion used car finance market.
Panacea Financial, the financial technology company dedicated to providing financial services to doctors and doctors’ practices, has raised $24.5million in Series B funding to fuel its strategic growth among the doctor community. Valar Ventures, a global venture capital fund, was the sole institutional investor in the round. It plans to expand its team of experts, as well as introduce innovative products and services.
Claire Woffenden
