This Week in Fintech: TFT Bi-Weekly News Roundup 09/05

Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 9th May 2024, bringing you the latest updates from across the world.

Appointments

BlueSnap, a global payment orchestration platform for B2B and B2C businesses, announced the appointment of Brian Greenfield as chief financial officer. He joins BlueSnap’s executive team to lead financial operations as the company prepares to embark on its next phase of growth.

Guernsey-based investment management firm RAW Capital Partners has appointed Victoria Smallman, a former Financial Conduct Authority (FCA) supervisor as its new head of risk and compliance.

Mitigram, a provider of digital trade financing, announced the appointment of Pedram Tadayon as chief executive officer. Tadayon will leverage his 25 years of experience in financial services and technology to continue scaling Mitigram as a fintech innovator in trade finance.

Thredd, a global payments processor, announced the expansion of its product and delivery teams with four senior appointments. Amit Bhargava joins as global head of issuer solutions, while Ryan Dew has been appointed as global head of product solutions. Elsewhere at Thredd, Cindy Custers assumes the newly created role of VP network partnerships & money movement, with Yash Piplani appointed as head of technical product management.

Apex Group, a financial services provider, has appointed a new managing director of ApexInvest. Based in Abu Dhabi, John Papesh is the global head of Apex Invest, focusing on advisory, capital raising and distribution solutions.

Announcements and launches

Checkout.com, a global digital payments provider, launched its latest product designed for global enterprises. Flow’s customisable building blocks help businesses present the right payment methods to the right customer at the right time, and enter new markets by easily integrating new payment methods.

Allfunds and MainStreet Partners launched the Sustainability Navigator, a tool engineered to streamline the construction of sustainable investment portfolios and deliver comprehensive data insights for asset managers and wealth managers in line with the frameworks of the SFDR regulation.

Visa, a world leader in digital payments, announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks.

A British fintech, Mutual Vision, is launching MV Solar, a new ‘bank in a box’ cloud-native digital banking platform. The platform is built using Mambu’s lending engine which will provide the loans, savings and current account records plus the interest rate calculation routines.

Chainalysis, a blockchain intelligence company, has announced the opening of a new office in Dubai that will serve as its headquarters for Southern Europe, Middle East, Central Asia, and Africa. This move follows three years of growth in the region for the company.

finova, a cloud-based mortgage and savings software provider, has announced that Suffolk Building Society is rolling out its Apprivo mortgage originations platform in an upgrade to the lender’s offering.

Partnerships

Global fintech Banked and National Australia Bank (NAB) have launched a new partnership to accelerate the number of Australian merchants adopting and integrating account-to-account (A2A) payment solutions. The partnership aims to boost the use of ‘Pay by Bank’ technology making it easier for merchants to give Australians more choice and control in the way they pay.

Alraedah Digital Solutions has partnered with ABHI, a MENAP-based fintech company, to enhance financial services in KSA.

Global payments infrastructure company Thunes has announced its partnership with Pomelo, the credit-powered remittance company. Thunes’s digital wallet integration will allow Pomelo to speed up remittances while reducing costs, as they help users build credit history by providing a credit line to fund transfers between the US and the Philippines.

Blockchain company Gnosis partners with digital wallet Zeal to expand the accessibility of crypto to the everyday user. This partnership will see both Gnosis and Zeal exploring solutions to empower people to use self-custodied crypto in their daily lives as easily as using cash.

During the Dubai Fintech Summit, TerraPay announced a partnership with Multipass, a bank challenger in the financial technology sector, to redefine cross-border payment solutions for international businesses.

NeoXam, provider of asset management software announced a collaboration with Lion Global Investors (LGI) to centralise and optimise the company’s investment data and performance reporting across middle and back-office operations.

Hometrack, an automated valuations and property insights company, announced a new long-term contract with Leeds Building Society. The new long-term deal includes an uplift in Hometrack’s automated valuation model (AVM) at origination product, which gives lenders lower costs and faster time to yes, within LBS policy and criteria requirements.