Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 16 May.
International consulting firm BIP has appointed Trevor Hutchings as partner for sustainability. He will continue to grow BIP’s sustainability consulting services, to help organisations improve their ESG performance and clean energy transition. Hutchings will also support BIP deliver its B Corp commitments, following its recent certification.
TS Imagine, the cross-asset class provider of trading, portfolio and risk management solutions for financial institutions, names Simarjit (Sim) Johal as head of APAC). Johal will join TS Imagine’s executive leadership committee and relocate to Hong Kong in September 2023.
Fintech Banked has unveiled Lisa Scott as its CEO for European operations. Scott will be responsible for managing strategic relationships, developing in-market strategy and driving regional growth and expansion. Scott previously joined Banked in 2021 serving in a dual capacity as CMO and CPO.
Bryan, Garnier & Co, the investment bank for European healthcare and technology-related companies, has welcomed Oscar Barkman as managing director. He joins the software investment banking team, with a strong focus on fintech. He has also previously worked at CapitalBox, Mybank and Zmarta Group.
etika, the purpose-driven finance company, appoints Mitch Partoglou to design and deliver new business finance products. Mitch’s appointment heralds a pivotal moment in etika’s growth trajectory, as it broadens its product range beyond consumer POS finance.
SurePay, a provider of Confirmation of Payee solutions, hires Sinitta Singh as its new UK business development manager. As the mandated implementation of PSR Group 1 & 2 draws near, the addition of Sinitta to the team helps ensure a smooth onboarding process for more PSP’s and building societies from Group 2.
Kani Payments, a global data reconciliation and reporting company, has hired Priya Jadeja as head of pre-sales to drive the company’s client onboarding efforts and demo capabilities, as it gears up for rapid expansion globally. She was previously responsible for pre-sales operations at data companies AutoRek and SS&C.
Trulioo, a global identity verification company, has appointed Erika Rottenberg to its board of directors. She will support Trulioo in providing identity verification capabilities and expertise as it continues to scale. Rottenberg served as general counsel for the Chan Zuckerberg Initiative.
Copper.co, a provider of institutional digital asset custody and collateral management, appoints Jim Turley as a non-executive director. It has also hired Dr Stephen Strickland as chief compliance officer. Turley joins the Copper Board following three years as executive chairman of Fnality International, while Dr Strickland joins from Elements Digital where he was chief compliance officer.
UK-based fintech Stubben Edge Group and SAGE have launched a new competition for UK SMEs to win a pop-up shop space on Oxford Street, London. The competition, being run through Stubben Edge subsidiary, smallbusiness.co.uk, is part of the Group’s ongoing commitment to supporting SMEs across the UK. The competition is open to all UK-based SMEs, of any industry or sector, that have been trading for less than five years.
Moss, a holistic expense management company, has teamed up with Deutsche Bank. The partnership follows Moss achieving a European E-Money Institute (EMI) licence last year by regulators BaFin. The partnership with Deutsche Bank is the first step for Moss to be able to offer payment services under its own licence in the future.
French fintech Skaleet announces a partnership with open banking company Salt Edge. They say their alliance will ‘considerably facilitate the compliance of banking and electronic money institutions with the strict regulatory requirements of open banking’.
Finastra, a global provider of financial software applications and marketplaces, announces that BKN301 Group, a fintech committed to creating a world without financial barriers, has gone live with Finastra’s Essence to bring digital and cross-border payments solutions to San Marino. Finastra’s partner Corvallis, Tinexta Group, an IT provider in the Italian financial services sector, managed the project, last mile payments integration and the fast implementation of the solution in line with local requirements.
Meanwhile, platform Plinqit has partnered with Sonata Bank. The partnership helps Sonata generate steady deposit growth, attract new customers and deepen relationships with existing customers as the bank continues to expand its footprint across both local and national markets.
Cogo, the carbon footprint management company, has teamed up with NayaOne, the digital transformation platform. Th partnership which will fast-track the process for banks and financial institutions to integrate carbon footprint management tools into their banking apps.
Digital asset managment platform Haru Invest and Mercuryo, a fiat-to-crypto payment infrastructure, have announced a partnership. It integrates Mercuryo’s on- and off-ramp services into the Haru Invest platform. The integration enables Haru Invest users to easily access cryptocurrencies using fiat.
Funding and investments
Berlin-based AAZZUR announces investment from Tyr Ventures, an early-stage venture capital firm based in Sierra Madre, CA. This investment will support AAZZUR’s mission to revolutionise embedded financial services through the development of an innovative platform that connects banks, fintech startups, and companies.
San Francisco-based financial technology firm Cardless has announced a new debt deal with i80 Group, securing a three-year $75million credit facility. The deal is a warehouse facility that will enable Cardless to fund customer receivables, growth, as well as continue its work with large, globally recognised brands.