The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 28 August 2024.
Industry movers
London based technology and product consultancy 101 Ways has appointed Richard Neish as CEO as incumbent Zane Gambasin steps into the role of chief operating officer. Neish joins from digital transformation consultancy Kin + Carta, where he led the firm’s strategic vision as global chief strategy officer.
M-DAQ Global, a Singapore-headquartered fintech group, has welcomed Reynels Lee as head of Malaysia. This strategic appointment follows M-DAQ Global’s recent acquisition of Easy Pay Transfers, a Malaysia-based payments service provider, further strengthening the Group’s presence in the region. Prior to this, Lee held the role of CEO and executive director at ACE Money Exchange.
Bitpanda Technology Solutions, the digital assets infrastructure provider, has appointed Nadeem Ladki as global head of business. After joining the company three months ago to support BTS’s expansion in the UAE, Ladki will now lead Bitpanda’s B2B business at a global level, reporting to CEO Lukas Enzersdorfer-Konrad.
Yuno, the global payment orchestrator, appoints Jonathan Summerton as its new SVP of enterprise commerce, marking a significant step in its ongoing expansion across the US. Summerton previously worked at Transfast (a Mastercard company), Thunes and Northwestern Mutual.
More appointments
DNA Payments, an independent, fully vertically integrated omnichannel payment company, has welcomed Preete Janda to its board as chief financial officer. She will join DNA’s executive committee and will provide strategic partnership and support to the CEO on all financial matters.
FINBOURNE Technology, architects of an interconnected network of functionality and data for the investment community, appoints Marianne Antonicelli as head of sales for Australia and New Zealand. She is tasked with driving FINBOURNE’s overarching commercial direction and accelerated growth strategy across the region.
Jameel Lalani has joined Compare the Market this week as commercial director for money. In his new role, Lalani is responsible for Compare the Market’s Money products including credit cards and personal loans as the price comparison website continues to build a talented team and expand its choice for customers. Hhe joins from proptech Smoove, where he has spent four years as chief product officer.
Partnerships
Leeds Credit Union (LCU) has forged a partnership with LendingMetrics and Singlify to launch a loan decisioning platform. The integration of technology from Lending Metrics’ Auto Decision Platform and the features of the Singlify Loan Origination Module, including Yoti’s digital identity verification and Equifax Open Banking for financial insights, will help Leeds Credit Union provide improved decision speed and accuracy.
Aquanow, a global crypto infrastructure provider, has unveiled a strategic partnership with Zodia Custody, an institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank. The partnership sees Zodia Custody provide its enterprise custody solutions for Aquanow’s expansion across UAE and the wider Gulf Cooperation Council region.
Artificial Intelligence Risk, an AI governance, risk, compliance and cybersecurity software company, has teamed up with Fynancial, a social financial platform for the wealth management industry. Through this collaboration, Fynancial will integrate AI Risk’s proprietary AIR-GPT technology into its platform, providing advisors with a secure AI-powered solution.
Bitpanda, the digital assets infrastructure provider, announced a strategic partnership with CoinMENA, a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA). This collaboration aims to enhance trading efficiency on CoinMENA’s platform and expand the range of crypto assets available to its users.
allpay Limited, a UK payment solutions provider, announces a partnership with two national charities, Turn2us and the Workers’ Education Association (WEA). This collaboration is part of allpay’s commitment to address financial inequality and fostering social value in communities across the UK.
Company updates
Teya launches Tap to Pay, enabling Android phones to accept contactless payments. The new product, Teya Tap enables small business owners to accept contactless card payments on their Android phones. The product is available in the Teya Business app – Teya’s unified app experience launched last year.
IDEX Biometrics is celebrating ‘an important milestone’ for IDEX Pay by successfully passing Visa’s certification using Visa’s latest VBSS biometric payment application. The IDEX Pay biometric solution includes the IDEX Biometrics proprietary card operating system and latest technology fingerprint sensor with Infineon’s high performing SLC38 secure element.
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