The Fintech Occasions Bi-Weekly Information Roundup takes a take a look at the newest fintech tales from world wide on Thursday 6 February 2025.
Appointments
Outliers Enterprise Capital, the early-stage funding agency backing outlier founders in MENA, at present introduced the appointment of Kenzie Falcoz as working associate. In her new function, Falcoz will lead Outliers’ platform and portfolio help initiatives that are central to the agency’s funding technique.
Offa, the UK’s main Islamic property finance fintech agency, has unveiled a raft of appointments as the corporate expands. Mehreen Rafiq has joined Offa as senior underwriter, whereas Shamila Kausar is now customer support officer. Aamna Khan is Offa’s new operations group lead and Shamim Rahman joins as mortgage underwriter. Lastly, Offa has additionally employed Sukhdev Atwal as monetary controller.
Ballerine, an AI threat intelligence platform designed to assist monetary establishments, fintechs and marketplaces automate and optimise service provider onboarding, verification and lifecycle monitoring processes, appoints Cihat Fitzgerald as chief threat officer. He beforehand served as vice chairman of worldwide ecosystem safety and integrity at Visa.
Avaloq, a wealth administration know-how and companies firm, has appointed Dr. Heiko Beck to its group govt board. As managing director for area Europe, Dr. Heiko Beck will oversee Avaloq’s actions in Germany, the UK, Luxembourg and the remainder of Europe. On this function, Dr. Heiko Beck will drive the acceleration of the digital transformation within the area.
Partnerships
Qantev, an AI-driven claims administration platform for well being and life insurance coverage, proclaims a partnership with INSTANDA, the no-code coverage administration platform within the world insurance coverage market. This partnership will allow insurers globally to quickly launch new merchandise, automate claims processes and enhance buyer satisfaction by way of no-code know-how and superior AI.
PayMedix, a healthcare financing and funds options supplier, has teamed up with XO Well being, a value-based care and advantages platform devoted to reworking healthcare for self-insured employers. The strategic partnership expands entry to PayMedix’s healthcare financing resolution to XO Well being’s community of self-insured employers, TPAs and value-based suppliers.
XTransfer, the cross-border commerce cost platform, and Ecobank Group, a personal pan-African monetary companies group, have signed an settlement to roll out cross-border monetary companies to Africa’s small and medium-sized enterprises (SMEs) engaged in international commerce. The collaboration will facilitate commerce between China and African international locations.
Kuady, a digital pockets resolution, has built-in with BridgerPay, a worldwide omnichannel cost orchestration platform, to increase seamless cost options for retailers throughout Latin America. This collaboration makes Kuady’s cost companies accessible to all companies utilizing BridgerPay’s platform, offering a ‘frictionless and localised cost expertise’ in Chile, Peru, Mexico, Ecuador and Argentina.
Extra collaborations
Hong Kong digital financial institution ZA Financial institution has collaborated with TransUnion in Hong Kong to supply the TransUnion Credit score Alert Service, making it the primary financial institution within the metropolis to offer this service utterly free to retail customers. Whereas TransUnion’s Credit score Alert Service has lengthy been accessible in Hong Kong, this partnership allows ZA Financial institution customers to entry the service with complete options without charge by way of the ZA Financial institution App.
Fiserv, a worldwide supplier of funds and monetary companies know-how, is commissioned by Firstrand, one of many largest banks in Africa, to energy its digital transformation. It’s the first monetary establishment outdoors of the US to fee Finxact from Fiserv – the cloud-native, real-time banking resolution that provides enhanced entry to information.
Funding and investments
ZeroRisk, a service provider threat and compliance administration software program firm, has raised $4million in a funding spherical led by Elkstone. ZeroRisk will use the funding to increase its US presence the place it serves various Tier 1 buying banks. It should use the brand new financing to increase its operations globally, notably within the US market.
INXY Funds, an EU-authorised cost platform, has efficiently closed a $3million funding spherical led by Flashpoint VC with participation additionally fom outstanding angel traders. This funding will speed up INXY’s mission to simplify and safe crypto funds for companies worldwide.
