This week in Fintech: TFT Bi-Weekly News Roundup 02/02
welcome to Fintech Times Bi-Weekly News Roundup Thursday, February 2.
Appointments
Celine Dufetel has been appointed president and COO of Checkout.com. She was previously CFO and COO. In this role, she will oversee all operational and go-to-market teams, including finance and marketing. Nirupam Sinha will take on an expanded role as CFO. The leadership changes are the latest development in Checkout’s US expansion plans.
Global payment company BPC appoints Furrukh Ali Baig as MD for the South Asian region. Ali Baig has been at the helm of BPC’s business development team for the past six years. He will also help focus BPC during its expansion across the region.
Discoveredthe London-based fintech, is hiring Mike Ainslie as finance manager. He has previously served as COO in World check and recently as CFO in Yell. Ainslie has been a director in several fast-growing companies and has served as audit manager, CFO and COO for First National Bank of Chicago.
decoration, the multi-lender BNPL platform, has appointed James Bradley as sales manager. He will oversee the sales process, as well as set the strategy for growth. Bradley most recently built the sales business on DivideBuy, the point-of-sale credit payment technology provider and led sales operations at BNP Paribas.
Provider of payment solutions Monneo hires Steve Wilson as its new head of compliance. Wilson was previously head of compliance and VP of risk at Visa Europe for nine years. He also held roles at JCB and consulting roles for various European fintech companies.
Earlier MasterCard veteran from managers and the payment industry Gilles novel have joined mx51 as the company’s new product manager. Novel recently held the role of Vice President / Head of Acceptance at Mastercard. Prior to this, Novel held senior payment roles Verifone, Optus and Idemia (Morpho).
Partnership
Global Screening Services (GSS) and Silent eight have merged. Silent Eight’s flagship AI technology will drive sanctioning decisions in the GSS platform. By implementing Silent Eight’s machine learning platform (Iris), GSS will judge false positives while uncovering potential true risks more quickly.
World line has extended its long-standing relationship to MSC Cruises. Worldline is committed to supporting MSC Cruises in its expansion plans with a plug and play solution. It also provides the cruise line with flexible payment options and increased back office efficiency.
TransferMate and Fyorin enter into a strategic partnership to offer a single global payment solution for digital businesses. The collaboration will strengthen Fyorin’s proposition and global presence to provide digital business customers with a single global payment solution through TransferMate’s international network.
Cash flows is chosen by Shawbrook Bank to process a selection of payments. The news comes as Cashflows marks another year of growth with a pipeline of new products and innovations due to launch in 2023. Cashflows will process Shawbrook’s e-commerce finance collections through its virtual terminal for phone payments.
Company updates
LexisNexis Risk Solutions is celebrating recognition by two global analyst firms for its Identity Verification (IDV) capabilities. The data and analytics firm was ranked as a top three vendor, along with Microsoft and Thales, in Juniper Research’s Digital identity verification competitor Leaderboard 2022-27. It was also recognized as a leader in The Forrester Wave: Identity Verification Solutions, Fourth Quarter 2022 Report.
The Saudi Central Bank (SAMA) announced the licensing of Raqamyah; a new fintech financing company specialized in debt-based crowdfunding. The license was granted to the company after successful testing of the solutions in SAMA’s Regulatory Sandbox; an experimental environment dedicated to innovative financial products and services in Saudi Arabia.
FinTech Australia has launched a new award to celebrate social impact in fintech, as it calls for entries for its seventh annual awards. The new Positive Impact Award will examine the social, environmental and economic impact of fintech, with the aim of celebrating work on this within the sector.
Financing and investment
Digital banking Zopa has raised £75m to fuel its next phase of growth as it plans to become Britain’s top bank. The financing will be used to meet the capital requirements of Zopa bank’s growing balance sheet. It will also support M&A agreements that can start as early as this quarter.
Lulalandthe South Africa-based digital lender serving underserved SMEs secures $35 million. Series B was led by a new investor Lightrock. The capital raised will be used to expand Lulalend’s loan book, bring new solutions to market, invest in digital capabilities, secure new talent as well as accelerate the rollout of Lula, the company’s new digital business banking product.
