The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 12 December 2024.
Product launches
Bitpanda, the European crypto platform, has launched Bitpanda Fusion. Designed for advanced crypto traders, Bitpanda Fusion supports intra-day, high-volume trading strategies with chart analysis tools and insights for experienced traders. It includes no deposit or withdrawal fees, staking options and 700-plus trading pairs (including leading stablecoins), which can also be accessed in the user’s chosen currency.
Zoho, a global technology company, adds new product capabilities in Zoho Books, Zoho Inventory and Zoho Practice, helping businesses and accountants enhance operational efficiency, simplify routine financial tasks and ensure regulatory compliance. These capabilities aim to support organisations in streamlining many of their internal processes by providing them with necessary tools that help them grow.
Amazon Web Services, Inc. (AWS) has unveiled four new innovations for Amazon SageMaker AI to help customers get started faster with popular publicly available models, maximise training efficiency, lower costs and use their preferred tools to accelerate generative AI model development. Amazon SageMaker AI is an end-to-end service used to help build, train and deploy AI models.
MPowered Mortgages, the digital lender, has released a ‘Spotify-style’ feature for brokers partners that have placed cases with MPowered this year. Similar to the way ‘Spotify Wrapped’ sends subscribers a summary of their most listened to songs over the course of the year, MPowered’s 2024 ‘Rewind’ feature shares a round-up of brokers’ activity and cases with MPowered in 2024.
Partnerships
BridgerPay, a global payments operations platform, is launching Hands In’s split payments as part of its payment optimisation services. This enables its network of merchants are to split payments across multiple cards and between multiple individuals – natively within online checkouts. Customers can choose this option within the checkout or have this offered as a cart recovery option.
Episode Six, a global provider of enterprise-grade payment processing and ledger infrastructure, has unveiled a strategic partnership with Muloot, a new financial services brand from Aspire Commerce Group. As part of the collaboration, Episode Six will enable Muloot to offer debit cards and card transaction processing services to its business and personal customers from Q1, 2025.
Assetera, a recently launched MiFID-licensed trading venue for blockchain-based securities in Europe, has announced the listing of Backed‘s tokenised assets on its platform via Polygon, making tokenised stock trackers and other tokenised securities available to non-US retail and institutional users.
TD Bank has teamed up with Backbase to help evolve and improve the digital experience for its retail partners. This collaboration will help deliver a more seamless, modern, and multi-channel credit card service experience, and will begin with a rollout to more than two million customers of a large strategic card partnership programme.
GFT, a global digital transformation company, is partnering with Databricks, the data and AI company, to provide both the data architecture and the data analytics processes that insurers, banks, credit unions and capital markets firms need to lay the groundwork for successful AI implementations.
Data insights and analytics platforms Codat and PayTech have partnered to transform how commercial card issuers support clients to optimise their supplier payments through spend analytics. They will combine
Codat’s purpose-built supplier and spend data solution and PayTech’s spend and transaction analysis tool and $5trillion proprietary data lake, OPTIMA.
Company updates
Bitget, the cryptocurrency exchange and Web3 company, is exploring the establishment of its Europe regional hub in Lithuania as part of a strategic expansion in the European Union. The move aligns with the EU’s Markets in Crypto-Assets (MiCA) framework, which aims to provide a unified regulatory environment for crypto assets across the region. The company is actively preparing for compliance under the MiCA framework, including plans to set up an office and recruit compliance and operations personnel in Lithuania.
Appointments
Members Development Company (MDC), a future-focused network accelerating credit union success, has announced that its next CEO will be Ned Tobey, former chief product officer of digital banking at NCR. In his new role, Tobey will oversee all research and development operations and strategic decision-making for MDC. He will succeed Jeff Kline, MDC’s CEO since 2007, in January 2025.
ClearCourse, a provider of industry-specific software and payments for UK SMEs, appoints Simon Black as non-executive director. Black has a track record of leading technology companies through rapid periods of growth and brings a wealth of experience in strategy, branding, M&A and fundraising. He is the former CEO of PPRO as well as CEO of SagePay.
NETSOL Technologies Europe Ltd, a provider of solutions for the asset finance and leasing industry, has appointed Dr. Richard Malaure as senior client consultant for NETSOL Europe. In this key role, Dr. Malaure will spearhead NETSOL’s Transcend Consultancy services, bringing deep expertise in cloud services, digital solutions, and cybersecurity to the company’s growing European market.
Kueski, a BNPL and consumer lender in Latin America, has welcomed Andreas Waldmann as its chief marketing officer. Waldmann will head Kueski’s marketing to solidify the company as the favorite way to pay in Mexico. Prior to joining Kueski, Waldmann held leadership roles at companies including Citibanamex, Volaris and Clara.
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