The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 28 January 2025.
Appointments
Moneyhub has appointed Alastair McGill as its new CEO. He joins Moneyhub from Broadridge, where as general manager he was responsible for strategy, execution and leadership across a multi-disciplinary team serving financial services firms and corporate treasury operations. Samantha Seaton stepped down as CEO in December with Anne de Kerckhove stepping in as executive chair during the transition.
Redbridge, an independent advisory firm providing treasury operations and debt advice to corporations around the world, has named Hugh Paterson as managing director – global head of payment. He joins Redbridge from Farfetch, a luxury clothing and beauty products marketplace. He has also held leadership roles at PaySafe, Omio, Huawei, Visa and Worldpay.
FOLK2FOLK, the UK peer-to-peer lending platform, appoints Aaron Hamshire as relationship manager. Prior to joining FOLK2FOLK, Hamshire spent five years as a relationship manager at Lloyds Bank. He also served as business manager at SWIG Finance. He will look to strengthen FOLK2FOLK’s broker and introducer relationships.
Global fintech company Broadridge Financial Solutions has added to its global leadership through the appointment of Quentin Limouzi in a new role as global head of post-trade at Broadridge. Prior to joining Broadridge, he held leadership and senior executive roles with LSEG (London Stock Exchange Group), TS Imagine (formerly TradingScreen), HSBC and BNP Paribas.
Temenos appoints Sairam Rangachari as chief product officer. He will focus on enhancing the rich functionality and flexibility of Temenos’ best-of-suite core banking platform while driving innovation with AI and modular solutions to address the evolving needs of financial institutions. Most recently, Rangachari founded and led the product and technology function at Tandym, a digital payment wallet provider.
Partnerships
Akurateco, a global payment software provider with a strong presence in the MENA region, has joined forces with DineroPay, a payment service provider in Saudi Arabia, to drive innovation in the mobile payments sector. This partnership has resulted in the successful deployment of advanced mobile wallet solutions, including Apple Pay and Google Pay, tailored specifically to meet the needs of the Saudi Arabian market.
Ondo Finance, a tokenised real-world asset issuer, is bringing tokenised US Treasuries to the XRP Ledger, expanding the breadth of institutional-grade products onchain. Through this collaboration, institutional investors gain access to Ondo Short-Term U.S. Government Treasuries, backed by the BlackRock USD Institutional Digital Liquidity Fund, which can be minted and redeemed 24/7 using Ripple USD, a USD-denominated stablecoin.
Delfi, a machine-learning risk management platform for financial institutions, has partnered with three US banks to address interest rate risk management. Representing over $11billion in assets under technology, these institutions are leveraging Delfi’s solutions to enhance performance, reduce volatility and seize growth opportunities.
Fintech Finfare has unveiled a strategic alliance with Viffy, the platform that helps content creators with a new, more inclusive way to monetise their premium content. Under this new alliance Finfare will provide Viffy and its users with access to deals at hundreds of well-known brands, and provide the underlying payment linking technology to power the program via the company’s Finfare Connect product offering.
Mahalo Banking, a provider of digital banking solutions, closed seven new credit union partnerships in December 2024. The new partnerships span credit unions of all asset sizes, including True North Federal Credit Union, North Iowa Community Credit Union, Security First Credit Union, Police Federal Credit Union, Peninsula Community Federal Credit Union, Aspen Federal Credit Union and Astera Credit Union.
Funding and investments
NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability. The investment builds on NatWest’s commitment to supporting customers who may be experiencing financial difficulty including through increased access to new ideas and technologies. Serene, which joined NatWest’s Accelerator in 2023, says with NatWest’s support, it is expanding its platform to help businesses deliver tailored solutions at scale.
iplicit, the cloud accounting software platform purpose-built for the UK mid-market, has announced a £25million investment from technology growth investor One Peak. This investment marks iplicit’s first external institutional funding round and will be used to accelerate iplicit’s product development and fuel its exponential growth.
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