The Fintech Times News Roundup
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This Week in Fintech: TFT Bi-Weekly News Roundup 12/11

The Fintech Times Bi-Weekly News Roundup takes a look at the latest international fintech stories. United Fintech is bidding to transform capital markets, while Lord David Blunkett joins the board of pay provider Earnd.

On the move
*Jessica Reiter joins as Chief Marketing Officer and Anya Darrow as VP of Customer Success
jessica Reiter (left) and Anya Darrow (right) join OakNorth’s leadership team

OakNorth appoints two women tech veterans to its leadership team in order to drive growth of its credit intelligence software for commercial lending. Jessica Reiter joins as chief marketing officer and Anya Darrow as VP of customer success.

Tink, the open banking platform, has appointed Klaus Holse as its new chairman. According to Tink, Klaus brings extensive experience from both the technology and financial services industry, as CEO of investment management solutions provider SimCorp.

On-demand pay provider Earnd has appointed a new expert advisory board to support its increasing activities in the UK. The six-strong board includes Dame Louise Casey and Lord David Blunkett. Other members of the board include Stephen Bediako, Mat Ilic, Ruth Turner and Stephen Greene. Additionally, Earnd is calling for employers to embrace a faster, fairer and more transparent approach to pay.

Fintech Acuity Trading has hired product manager Vladislav Novopoltsev and data scientist Gustavo Avalos in order to ‘drive news sentiment innovation’. Acuity Trading extracts and analyses rich sentiment data from
global news sources for online brokers and professionals across the investment community.

Fintech business lender MarketFinance has unveiled senior appointments following a £10million grant award from the Capability and Innovation Fund. Baroness Susan Kramer will act as the chair of the the MarketFinance grant supervisory committee. While entrepreneur Shalini Khemka joins as a board member.

Partnerships & collaborations

Alternative lender ThinCats is expanding its use of the nCino bank operating system across its SME lending processes. It follows their Coronavirus Business Interruption Loan Scheme (CBILS) partnership earlier this year. In this next implementation, ThinCats will additionally utilise nCino;s document management, collateral management and covenant features.

Aqua has forged a partnership with investing platform Darqube. Aqua, which uses Big Data and AI-analytics to construct tradable indices based on humans, will launch its alt-assets on Darqube. The indices available through Darqube start with soccer, cricket and e-sports with real-time live pricing.

Darqube to hostAqua tradable indices based on human success
Darqube to hostAqua tradable indices based on human success

A partnership for tradetech innovator Ovamba Solutions and financial services provider Singularity Finance will ‘deliver financial inclusion and growth capital to small businesses in Egypt’. Singularity can now sell Ovamba’s digital solutions to providers of trade finance to SMEs in Egypt.

Fintech Omnio‘s credit union business KESHO has joined forces with account information service provider Credit Kudos. KESHO says its clients now have a suite of data and analytics tools at their disposal to add another layer of confidence to their decisions, reducing exposure, while lending in a fair and equitable manner.

Cashless payment platform TapSimple is working with Cancer Research UK in order to facilitate cashless donations. Cancer Research can receive digital donations from supporters via TapSimple’s device, the Clip, which facilitates Contactless and Chip & Pin donations when paired with the TapSimple app.

Meanwhile, Alinma Bank has partnered with Japan payment brand JCB International Co to enable the acceptance of JCB Cards through its network devices deployed in the Kingdom of Saudi Arabia.

DevOps consultancy D|OPS Digital is the latest company to join the GitLab Partner Ecosystem. Together, the companies say they can help their mutual customers develop software more efficiently and securely, while focusing on innovation.

Finally, Singapore-based Fincy, an app that aims to facilitate seamless and instant transactions between crypto and fiat currencies, is hooking up global payment and compliance expert Accuity to access its compliance and security services.

Funding and investments

SICCAR, a provider of software to enable trust in electronic transactions, has received £1.3million from specialist technology investor Par Equity. The investment will be used to strengthen SICCAR’s product development, as well as expand its executive team to include marketing expertise, customer engagement capability, and product and technical resource.

British Business Investments has unveiled its new £15million commitment to Compass Business Finance. It will provide the specialist lender with funding for smaller and medium-sized businesses over the next three to five years, and allow it to continue its own growth trajectory.

Announcements and launches

Open banking app provider OpenWrks has joined the Fintech Connect programme. OpenWrks will make its consumer budgeting application, MyBudget, and its open data services available to Visa’s clients across Europe. Meanwhile, credit insight service Aire is also joining Visa Fintech Connect. It will provide first-party data, gathered directly from the consumer.

Swedish neobank Northmill Bank has become a member of the Swedish Central Bank’s payment system, RIX. The Cloud-only bank says the membership strengthens its independence and gives it great opportunities to add new types of banking products.

CoinSwitch Kuber launches Crypto gift cards
CoinSwitch Kuber launches Crypto gift cards

Open API banking solution provider Codebase Technologies has unveiled its new fintech offering – Digibanc Digital Roshan. The digital solution aims to help banks to support overseas Pakistani customers easily open their accounts, undertake fund transfers, bill payments and investment activities.

Indian cryptocurrency investment platform CoinSwitch Kuber has launched crypto gift cards ahead of the festive season. Gift cards will be available on the CoinSwitch Kuber App in various denominations starting from Rs100 to Rs10,000.

Newly launched Texture Capital has received FINRA approval to operate as a broker-dealer & ATS for the issuance, tokenising and trading of digital securities. Through the use of blockchain technology & smart contracts, Texture aims to streamline the current market structure for private placements and facilitate the issuance of digital securities.

United Fintech Launches to Transform Banks & Fintechs in Capital Markets
Christian Frahm launches United Fintech to transform banks and fintechs in capital markets.

Fintech PayBy has unveiled an AI-powered know your customer process in the UAE. The paperless process is designed to eliminate the need for extensive documents, in-person visits or video calls.

Finally, a new venture, called United Fintech, plans to acquire and scale up a range of small to medium sized engineering-led fintech companies. The brainchild of fintech expert Christian Frahm, United Fintech is aimed at addressing ‘the issue that it is typically both complicated and resource intensive for larger institutions to onboard new technology solutions’.


  • Claire is an experienced editor and writer with 25 years of experience in the publishing industry.

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