This week in Fintech: TFT Bi-Weekly News Roundup 05/01
welcome to Fintech Times Bi-Weekly News Roundup Thursday January 5, 2023 brings you the latest hiring and partnership updates.
Appointments
FinTech West appoints PwC‘s Katharine Adlard and NatWest‘s Louis Spencer to its advisory board in a strategic move to help mobilize more fintech companies in the South West. Their appointments support FinTech West as it aims to expand its sphere of influence within the corporate finance sector, providing greater guidance to existing fintechs, along with incubating new ones.
UAE Mashreq has appointed Radu Topliceanu as the new head of neo and personal banking. In this role, he will help Mashreq grow its customer-centric digital bank Neo as well as its personal banking department. Radu spent the last three years with BRD Groupe Société Générale in Romania as deputy managing director.
Insurtech bolttech name Dr. Jens Schädler as Managing Director, Europe. Based in Switzerland, he will provide strategic leadership across bolttech’s European operations, driving new and existing market and partnership growth. He takes over from Andrew Cons.
MasterCard has appointed Gautam Aggarwal as Division President for South Asia and Country Director, India. He takes off his cloak Nikhil Sahni, who also takes on a new regional role in the company. Aggarwal will oversee all of Mastercard’s activities across South Asia and India, including product management, customer and regulatory engagements and marketing. He will also lead operations across the subcontinent.
Global technical body EMVCo have employment Oliver Manahan as director of commitment and operations. He joins from Infineon technologies where he was responsible for business development in North America. Before Infineon, Manahan also held leading positions at MasterCard and Visa.
Partnership
Fintech platform Adyen has entered into cooperation with Car canteen, the contactless self-checkout solution. Adyen’s technology supports Autocanteen’s international growth, with local purchasing capabilities that allow customers to pay in their preferred currency. Adyen will also help Autocanteen understand the local payment regulations in international markets and ensure customer experience and cash flow processes are optimized.
Coin list adopts LexisNexis orchestration platform to deliver end-to-end customer onboarding and continuous monitoring. LexisNexis® RiskNarrative™ enables CoinList to improve its entire identity verification, fraud and anti-money laundering strategies.
Bondsman, a supplier of cash management and savings solutions to the wealth management industry, has become a principal member of Visa. This furthers Bondsmith’s mission to improve the wealth management industry through embedded banking services.
Company updates
Zopa Bank has crossed the £3 billion deposit milestone, while customers have opened a combined 150,000 accounts. The Zopa Smart Saver account has also attracted £2 billion in less than 11 months. Zopa’s ambition is to make the hundreds of billions in ‘zombie money’ sitting unused in UK current accounts work harder.
coinmotion, a Finnish-based cryptocurrency service provider, is confirmed by Bank of Spain as a valid provider of virtual currency exchange services for fiat currency and custody of electronic wallets. The company already has a network of Spain partners.
China Mobilethe parent company of the Pakistan Telecommunication Network Zong 4G, showcased its first digital payment solution ‘PayMax’ during an exclusive product showcase event at Zong HQ in Islamabad. This strategic venture aims to empower the people of Pakistan with a financial solution that is secure, unique and ensures inclusion in Pakistan’s unbanked sector.
