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This Week in Fintech: TFT Bi-Weekly News Roundup 30/05

Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 30 May 2024, bringing you the latest updates from across the world.

Partnerships

Snowdrop Solutions, a provider of advanced transaction data enrichment solutions for banks and financial institutions, announced a partnership with Ample Earth, a sustainability solution provider to offer a climate solution that seamlessly integrates into digital banking applications.

Universal API adaptor mmob and open banking provider Yapily have partnered so that businesses can implement open banking with fewer resources, and get to revenue faster by integrating Yapily’s solution through a single code snippet.

Elavon, a global payments company, has announced a partnership with Woo, the makers of open e-commerce platform WooCommerce. The collaboration aims to help micro and small businesses take online payments.

European paytech payabl. is partnering with Zimpler, a provider of instant bank payment solutions. With the new direct integration to Zimpler, payabl.’s merchants can now offer customers the option to pay via instant bank transfers at checkout.

Orange Middle East & Africa and Amazon Web Services are collaborating to bring advanced cloud technologies to customers in North and West Africa. Organisations in the public and private sectors will be able to leverage AWS Wavelength infrastructure and services to take advantage of the security, scalability, and reliability of AWS.

ipushpull, a live data sharing platform, and Rapid Addition, providers in electronic trading infrastructure, have partnered to address the challenge of missed alerts and slow notification delivery for trading support teams.

Ouinex, a blockchain solutions provider, joins forces with Netdania, a trading software and analytics company, to launch a state-of-the-art cryptocurrency trading platform and expand on their shared commitment to continuous innovation in fintech.

partnerships

Appointments

Secure Trust Bank Group has announced the appointment of Andrew Phillips as Managing Director of V12 Retail Finance Limited. He assumes this role following the retirement of Nick Davies, who stepped down at the end of April 2024.

Edenred Payment Solutions, a European payments service provider, has appointed Rehana Mitha as its new Managing Director, who brings with her over 15 years of experience and a proven track record in business strategy and transformation.

C-level executive and governance expert, Anders Kirketerp-Møller joins Muinmos’ Board, leveraging his extensive experience from large global businesses to drive significant growth at the Danish regtech firm.

Finboot announced the appointment of Sunitha Ray as its new strategic partnerships and alliances adviser. Sunitha is New York-based and will act as a key bridge to help meet demand in the North American market.

Global B2B cross-border payment company Thunes has appointed Ruwan de Soyza as its new General Counsel. He will oversee all legal, compliance and secretariat affairs as the company accelerates growth worldwide.

Funding Rounds and Investments

Iris.ai, a provider of an AI engine for scientific text understanding, has announced its latest funding round of €7.64million. This investment will support the company’s continued growth and innovation in the field of AI-assisted scientific research.

Doconomy, an impact fintech company providing banks with innovative tools to drive climate action and financial wellbeing, announced the closure of one of Europe’s largest funding rounds in the sector, receiving €34million B-round investment from UBS Next, CommerzVentures and S&P Global to further accelerate sustainability capabilities in financial services.

AI fintech startup Kintsugi has announced a $6million funding round led by Link Ventures. The team will use the fresh funds to drive Kintsugi AI’s development of automated VAT solutions for Canada and Europe, supporting customers selling internationally.

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