The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 30 July 2024.
Appointments
Xsolla, a global video game commerce company, announced the appointment of Cathleen Nilson as the company’s chief financial officer. She has over a decade of finance executive experience at major brands in the technology and gaming industries such as Samsung and Turing.
The Bank of England has announced that Sebastian Walsh is to become the newly appointed head of Leeds. In this role, he will help deliver the Bank’s ambitious plans for a more significant presence in the city by being responsible for the Bank’s growing operation in Leeds.
Offa, the UK’s first Shari’ah-compliant bridge finance fintech, has appointed three new senior staff members; Saalik Haleem as senior intermediary and product manager; Qasim Sajad as senior home finance manager and Dominic Squires as head of compliance & money laundering reporting officer, as the company continues to expand after the recent launch of its buy-to-let product.
Temenos, the banking software company, announced two key executive appointments to accelerate business growth and capture the market opportunity in SaaS and the US. Isabelle Guis has joined as Chief marketing officer and member of the executive committee, and Monty Bhatia is appointed executive vice president of global alliances and partner ecosystem.
Global fintech, Broadridge Financial Solutions, Inc. announced the appointment of David Runacres as president of Asia-Pacific (APAC). Based in Tokyo, Runacres will spearhead Broadridge’s APAC regional operations.
Partnerships and collaborations
Sage has announced the expansion of its strategic partnership with Stripe, a financial infrastructure platform for businesses, to transform the way SMBs pay and get paid. The partnership will provide SMBs with greater control over their cash flow management and payment processes.
Deeptech Labs, a specialist in catalysing cutting-edge early-stage deep tech companies, has partnered with British Business Investments‘ Regional Angels Programme. This collaboration will fuel strategic investment into promising UK deep tech startups, with a focus on commercialising breakthrough science for economic growth and social impact.
Iren Luce Gas e Servizi, an Italian major utility company, has partnered with Fabrick, an international player in Open Finance, to enhance its Open Banking offerings. This collaboration further establishes Fabrick as a potential partner in Italy for integrating Open Finance solutions.
ThinkMarkets, a multi-asset trading provider, has recently announced the integration of its proprietary trading platform ThinkTrader with TradingView. The partnership allows ThinkMarkets’clients to connect their ThinkTrader trading accounts to TradingView, enabling them to trade directly from the TradingView platform.
Mergers and aquisitions
ThetaRay, a provider of AI-powered financial crime detection technology, announced the acquisition of the next-generation European screening company, Screena. The acquisition aims to demonstrate ThetaRay’s continuous investment in proprietary technology and reaffirm its mission of enabling banks, fintechs, and regulators to detect financial crime with AI solutions.
Egyptian fintech company MNT-Halan has acquired Tam Finans, a Turkish commercial finance company with loan book exceeding $300million, from Actera Group, and the European Bank for Reconstruction and Development (EBRD). The acquisition follows its recent expansion into Pakistan, hoping to highlight the company’s scalable and diversified business model.
UK payments fintech Sokin has announced that Morgan Stanley has acquired a stake in the business, following an investment of $31million – a move which will accelerate product growth plans and further international expansion.
Funding and investments
Rillet an accounting platform has raised $13.5million in funding from First Round Capital and Creandum to build the next generation of accounting platforms.
Cartona, Egypt’s fastest growing B2B platform -has raised $8.1million Series A extension led by Algebra Ventures, with existing investors – Silicon Badia and the SANAD Fund for MSME, also participating.
S64, the global alternatives fintech and solutions partner to the wealth management industry, announced the successful close of its Series A funding round which includes investments from HPS Investment Partners and Sumitomo Mitsui Trust Bank.
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