July 3, 2024 @ 12:39 pm By Omar Faridi  |  

Flexys, makers of debt management software, and Tuum, a core banking provider, are joining forces. By integrating their powerful platforms, the partnership allows banks “to modernize debt collection with a real-time, customer-friendly approach.” For banks, the economic landscape of rising consumer debt and stricter regulations… Read More

 Tagged banking, debt management, flexys, tuum

July 3, 2024 @ 9:01 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, announced it’s partnered with Adobe Commerce in order “to enable merchants to easily implement Klarna’s Buy Now Pay Later (BNPL) services, along with other flexible payment options.” This allows Klarna to expand payment flexibility to consumers…. Read More

 Tagged adobe commerce, bnpl, klarna, payments

July 3, 2024 @ 9:00 am By Omar Faridi  |  

LSEG (London Stock Exchange Group) and Dow Jones recently announced a new, multi-year data, news, and analytics partnership. Beginning recently, trusted news from Dow Jones’s globally renowned newsrooms will be available within LSEG Workspace. Premium subscribers now have “access to thousands of news stories, including… Read More

 Tagged analytics, dow jones, london stock exchange group, lseg

July 3, 2024 @ 8:59 am By Omar Faridi  |  

Carta has released their First Cut—State of Private Markets: Q2 2024. Initial data from Q2 2024 reportedly “shows modest increases in median valuation and round size across much of the U.S. venture ecosystem.” Every quarter, Carta releases the latest information on the startup ecosystem in… Read More

 Tagged carta, data, valuations, venture capital

July 3, 2024 @ 8:58 am By Omar Faridi  |  

Mambu, a cloud banking platform, announces the appointment of Mark Geneste as Chief Revenue Officer to lead its commercial team. Geneste’s appointment is expected “to drive growth and strengthen Mambu’s position in the market, further enhancing its reputation as a leader in the banking technology… Read More

 Tagged banking, cloud, mambu, mark geneste

July 3, 2024 @ 8:56 am By Omar Faridi  |  

Atom bank, which claims to be the UK’s first app-based bank, announced this past week that it has appointed Gareth Jones as its new Chief Risk Officer “subject to regulatory approval. He replaces Chris Sparks, who is retiring after nine years at the bank.” Gareth… Read More

 Tagged atom bank, gareth jones, new appointments, uk

July 2, 2024 @ 10:36 pm By Omar Faridi  |  

Rainforest, a payment provider purpose-built for software platforms, announced it has raised an oversubscribed $20 million Series A funding round led by Matrix Partners.” Additional participating investors “include Accel, Infinity Ventures, BoxGroup,  The Fintech Fund, Tech Square Ventures, Ardent Venture Partners – all of whom… Read More

 Tagged funding round, matrix partners, rainforest, software

July 2, 2024 @ 8:45 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) has reportedly permitted two new Fintech startups to test their innovative solutions in SAMA’s regulatory sandbox. As noted in the update from SAMA, “Sulfah for Finance” is authorized to launch a peer-to-peer (P2P) lending platform and “Wadaie for FinTech” to… Read More

 Tagged fintech adoption, SAMA, saudi central bank, startups

July 2, 2024 @ 8:42 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups has announced the completion of the acquisition of Third Financial, following regulatory approval from the Financial Conduct Authority (FCA) in May this year. Third Financial is an investment platform and front-to-back wealth management software… Read More

 Tagged acquisition, nucleus financial platforms, third financial, uk

July 2, 2024 @ 6:32 pm By Omar Faridi  |  

BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, an independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools “with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent… Read More

 Tagged acquisition, blackrock, preqin, private markets