The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 20 August 2024.
Appointments
DECTA, an end-to-end payment solution provider, has promoted Scott Dawson to the role of CEO, less than two years after he joined as head of sales and strategic partnerships. In his new role, he will focus on localising and optimising the company’s UK presence. DECTA’s services include acquiring, processing, BIN sponsorship and white label card issuing, a white label payment gateway and a digital banking solution.
Global cloud communications platform Infobip has appointed Yariv Dafna as chief financial officer. He will lead Infobip’s finance team and focus on enhancing profitability as the business looks to strengthen its position as a full stack omnichannel communications platform for every platform. Dafna joins from Evoke PLC (formerly 888 Holdings Ltd), a betting and gaming company, where he was group CFO.
TransUnion, a global information and insights company and a UK credit reference agency, has welcomed Sharon Naidoo as its new CFO for the UK and Europe. She joins the UK and Europe team from her role as CFO for TransUnion Africa. Naidoo joined TransUnion in 2021, is a qualified chartered accountant and holds a master’s degree in financial management.
Bateel International LLC announces the retirement of Dr. Ata Atmar, who has been at the helm since the company’s inception. Dr. Atmar will continue to support Bateel during the transition and will remain a member of the company’s board of directors.
IDEX Biometrics, a full biometric solution company, appoints Catharina Eklof as its new CEO. For the last three years, Eklof has held the role of chief commercial officer. Previous CEO, Vince Graziani will continue to support the company in an advisory role.
Funding and investments
Pakistan’s PostEx announces a $7.3million pre-Series A funding round. The round was led by Conjunction Capital, as well as Dash Ventures, Sanabil500, VSQ, FJ Labs and Zayn VC. The proceeds will assist the fintech with its expansion into the GCC – where new markets and customers will have access to PostEx’s services.
Waza, a payment and liquidity platform for emerging market businesses, has secured $8million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally. The funding includes a $3million seed equity round from institutional and strategic investors as well as a $5million debt funding from Timon Capital.
Partnerships
Synergy Cloud, the independent claims management system provider, has partnered with Claim Technology, the no-code claims automation and customer experience platform, to develop joint solutions for the insurer and MGA claims market. Synergy Cloud’s livestream video capability will be integrated into Claim Technology’s customer self-serve chatbot, with the service additionally available as a plug and play solution via Claim Technology’s insurtech marketplace.
GBST, a global provider of wealth management and advice solutions technology for the financial services industry, will continue to power Barnett Waddingham’s Self Invested Personal Pension (SIPP) administration via its Composer platform following the renewal of their agreement. GBST has provided SIPP technology to Barnett Waddingham through its Composer platform since 2013.
Støtte, a platform designed to make it easier for sports associations and humanitarian organisations to receive support, announces its introduction of open banking with Neonomics. Støtte enables supporters to make micro-donations with every financial transaction they make. Neonomics has worked closely with Støtte to connect end users with their transactions across all banks to map and track purchases to simplify how they send support to their clubs.
DBS, in partnership with Visa, launches the bank’s first multi-currency commercial debit card. The DBS Business Advance+ Card (BAC+) is tailored to meet the needs of companies operating in an increasingly globalised digital marketplace. This solution is designed to help businesses better navigate market volatility through foreign exchange rate hedging. It also provides savings on overseas transactions and better cashflow management.
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