This week in Fintech: TFT Bi-Weekly News Roundup 23/08
Fintech Times The Bi-Weekly News Roundup on Tuesday 23 August serves up a selection of fintech updates from around the world.
Job news
Standard Chartered have named Ayesha Abbaspreviously of HSBC before joining Standard Chartered in 2019, as its newest head of consumer, retail and commercial banking. She will be responsible for executing the bank’s strategy and building the retail banking business across the United Arab Emirates.
Channel Capital Advisors LLP has appointed Ion Fratiloiu as its new commercial manager. Fratiloiu brings over a decade of experience in sales and commercial strategy; have previously worked with the likes of Yobota, Thinking machine and the German bank.
Zolvethe cross-border neobank, name Douglas T Hamilton as its new chief compliance officer. Hamilton’s new role will see him strengthen compliance and add to Zolve’s business growth and expansion.
Finally, FinaMazean asset management firm, has added Nikhar Patel to his team as operations manager. Patel specifically offers extensive knowledge with regard to growth experience after working with three consecutive unicorns.
Acquisitions and partnerships
Verso Wealth Management has announced its acquisition of Campbell Thomson Insurance Services Limited, bringing total assets under management to over £1 billion. This will be the fifth acquisition of the Verso platform and the first based in Scotland, as it looks to expand its reach in the UK.
British peer-to-peer lending company Capital of Assetz working together with LexisNexis Risk Solutions to adopt the use of the “RiskNarrative” platform. Assetz Capital has already seen reductions in the time it takes to complete KYC and AML checks with the platform and aims to further improve these detection capabilities.
Cards as a service platform SimpliFi has entered into cooperation with Abu Dhabi Islamic Bank to support the outreach to Egypt. SimpliFi is targeting the move to help kick-start payment digitization for Egyptian companies and businesses.
Viewsthe account-to-account payment platform, has entered into a partnership with the software-as-a-service platform Wix. The partnership will give Wix merchants access to Vyne’s bank payment solutions; which will enable them to offer payments in as little as three clicks.
Company updates
Payment platform Adyen has announced solid financial results for the first half of 2022, reporting sustained growth in profits and continued scale growth of 37 percent each year. Adyen also showed net income of €608.5 million.
Saudi Arabia buy now, pay later Tamara, has raised $100 million in its latest funding round. Tamara looks to use this funding to launch a number of new products and services, as well as expand into a wider range of new markets.
