Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 30 May 2023.
Partnerships
Online pension provider PensionBee has launched a new protection insurance offering in partnership with life protection specialist LifeSearch. PensionBee customers can now purchase fully digital mortgage and family life insurance, in addition to critical illness cover, with LifeSearch’s expert advisers also available for consumers who require advice or guidance.
Tranglo has partnered with Al Ansari Exchange, a subsidiary of Al Ansari Financial Services PJSC. This strategic collaboration, part of Tranglo’s Middle East expansion programme, will boost Tranglo’s presence in the UAE.
Fintech Arise by INFINITAS has collaborated with Google Cloud to accelerate its development of an open platform that will enable financial inclusion. In addition, Arise and Google Cloud will work together to equip individuals in Arise’s technology talent incubator with specialised digital skills, so they can apply latest technology to help address the diverse needs of all Thais.
Ezypay announces its first live transaction using PayTo, processed through integration partner aXcelerate, the student management system. PayTo is a secure, fast and easy digital way to make real-time pull-payments directly from bank accounts in Australia.
More partnerships
Mia-FinTech, a fintech startup, and Mambu, a cloud banking platform, embark on a new partnership to accelerate the delivery of digital financial products and services. Mia-Fintech will act as a system integrator, providing an orchestration layer to underpin Mambu’s cloud banking platform.
Tezos India, a blockchain platform, has forged a strategic partnership with Tweed, a company providing compliant and plug-and-play software development kits for self-custodial wallets. This collaboration aims to accelerate mainstream adoption of blockchain technology, particularly on the Tezos network.
SIngapore’s payment services group Alipay+ is now integrated into SGQR, the unified payment QR code. Alipay+ becomes available as one of the payment schemes at about 11,000 stalls at NEA hawker centres in Singapore, as well as HDB coffee shops, wet markets, and JTC industrial canteens.
AAZZUR, an innovative embedded finance integrator, has collaborated with Salt Edge, a open banking platform. The collaboration will see Salt Edge’s open banking technology and compliance solution integrated into AAZZUR’s embedded finance ecosystem. This integration will enable AAZZUR to broaden its open banking offerings even further.
Company updates
Online currency exchange company Travel FX is celebrating hitting its billionth pound in exchanges. It is toasting achieving more than 15,000 ‘excellent’ ratings on Trustpilot as well. Travel FX has also recently launched an international transfer service.
Qredo, a distributed multi-party computation protocol, has launched a ‘new and improved’ platform, New Qredo. The revamped platform boasts enhanced features that prioritise control, compliance and security. The solution secures users’ digital assets on-chain without the need for users to store private keys.
Appointments
Raidiam, the data sharing ecosystem company, has welcomed Eyal Sivan as vice president, open banking and smart data. He joins from Axway, where he was head of open banking. Sivian will remain based in Toronto, Canada, further expanding Raidiam’s global presence.
Investment analytics firm Fin Mason has appointed Paul Louden as head of sales. He has previously worked at analytic firms including eVestment, Nasdaq, Solovis and Russell Investments. Louden will be responsible for shaping FinMason’s sales organisation as well as scaling revenue.
Bibby Asset Finance has appointed Martin Bugden as senior business development manager. The latest senior hire for the asset finance division of Bibby Financial Services (BFS) is part of its refocused growth strategy to increase lending throughout the UK.
Nordic Capital Advisors appoints Mohit Agnihotri as a partner. He becomes a member of Nordic Capital Advisors’ technology and payments team in London. Previously he was global head of payments at J.P. Morgan, as well as MD, London office at Financial Technology Partners.
Mangopay, the platform-specific payment infrastructure provider, appoints Michal Jedraszak as chief of staff. In this newly created position, Jedraszak will oversee project management and governance, and drive cross-functional initiatives. He will also work closely with the C-suite to develop and implement strategic plans to support Mangopay’s global growth.
Funding and investments
Geneva based climate investment platform Pyrpose has raised $1.1million in its angel round, including institutional investment from CV VC. The funds will be used to complete the company’s private beta as well as to continue to refine its product. It is also looking to open its seed round in the coming weeks.
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