Banking-as-a-service

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QI Tech becomes new LatAm fintech unicorn in Series B extension

QI Tech (the “Company”), a leading financial services infrastructure provider in Brazil, today announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a leading global growth investor, as well as Across Capital.

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Embedded finance risks in the spotlight as losses run into the millions

Elmore, a leading insurance provider to the fintech community in Europe, is highlighting today the risks to the embedded finance market, which has been forecast by PWC to grow fivefold, from US$54.3 billion in 2022 to US$248.4 billion, by 2032.

/payments

Clearhaus to enter UK market via Manchester-based fintech Ryft

Manchester-based innovative fintech Ryft, announces a new partnership with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces.

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Green Dot names Renata Caine GM, BaaS

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Renata Caine as General Manager of Banking as a Service (BaaS).

/payments

PayToMe.co integrates with Stripe Connect

In a strategic leap that signifies a monumental shift within the fintech sector, PayToMe.co is proud to announce its recent integration with Stripe Connect.

/people

Monarch names Anthony Alexander VP, operations and delivery

Monarch Professional Services Group (Monarch), a Core10 division providing implementation and customer success services for leading financial service SaaS platforms, today announced Anthony Alexander has been named as Vice President, Operations and Delivery.

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GCI Consulting and Moroku unveils Bank-as-a-Service platform

In a strategic collaboration that promises to reshape the financial landscape, GCI Consulting and Moroku have unveiled their cutting-edge Bank-as-a-Service (BaaS) platform.

/Banking-as-a-service

TrueNorth and Brim to deliver credit card-as-a-service platform in the US

TrueNorth, a leading professional services organization specializing in implementation, systems integration and engineering of digital solutions for the financial services industry, and Brim Financial (Brim), a next generation provider of credit card platform as-a-service and one of the fastest growing Fintechs in North America, are excited to announce their strategic partnership aimed to bring robust and innovative consumer, small medium business (SMB) and commercial credit card solutions to banks, fintechs and major brands in the US and Canada.

/startups

FinStack joins FasterCapital's Raise Capital programme

FinStack is revolutionizing the financial services landscape by creating a complete end-to-end platform that offers a comprehensive set of solutions for businesses and consumers.

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Green Dot forms BaaS partnership with Dayforce

Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. (NYSE: DAY; TSX: DAY).

/wholesale

Thriday announces collaboration with CreditorWatch

In a significant move for Australian small businesses, Thriday, the pioneering financial management platform, is actively collaborating with CreditorWatch, a leader in business credit reporting. This collaboration is set to empower SMBs by offering a free Business Credit Score check through Thriday's platform, utilising the extensive credit data of CreditorWatch. This initiative marks a shared commitment to enhance small businesses' financial health and creditworthiness.

/wholesale

GFT acquires Sophos Solutions from Advent International

Global digital transformation pioneer GFT Technologies SE (GFT) agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability. The purchase from Advent International, one of the largest and most experienced global private equity investors, is a clear sign of GFT's continued focus on growth and profitability.

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High Circle, Treasury Prime and FirstBank combine on BaaS initiative

Treasury Prime, a leading embedded banking software company, is powering a new strategic partnership between FirstBank, a Tennessee Corporation, Member FDIC, and High Circle, a banking and investment platform, designed to minimize risk and maximize returns for business owners and high-net-worth individuals whose needs are not being met by large traditional banks.

/payments

Mastercard collaborates with BaaS platform 4t Wave

Mastercard has partnered with 4thWave, an innovative finance and Banking-as-a-Service (BaaS) digital platform provider, to streamline business-to-business (B2B) payment flows.

/payments

Evita joins with Layer2 Financial for high-value B2B cross-border payments

Layer2 Financial, a leading BaaS and payments infrastructure technology, is excited to announce a strategic partnership with Evita, a B2B cross-border payments solution specializing in large transactions.

/people

Unlimit hires ex-Burberry, ex-Adyen sales chief Colin Neil

Unlimit, the global fintech company, announced today Colin Neil as its new Global Chief Sales Officer.

/retail

GFT to act as implementation partner for Engine by Starling

Starling Bank is working with GFT, the global digital transformation pioneer, as an implementation partner for its Software-as-a-Service business, Engine by Starling.

/people

Griffin grows management team

Griffin, the API-first UK bank and full-stack Banking as a Service platform, today announced the addition of seven new senior team members across key areas of the business.

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Codebase joins with eFinance Investment Group to launch BaaS joint venture

Codebase Technologies, a leading global digital banking technology provider, announced its strategic joint venture at Cairo ICT 2023 with eFinance Investment Group, one of Egypt’s leading payment and digital banking technology companies, and Visa.

/payments

Mastercard partners areeba in Middle East

Mastercard has entered a long-term strategic collaboration with areeba, a leading payment processing service provider in the Middle East, to bring new Mastercard Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) propositions to their markets.

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