As we prepare to welcome the month of May, take a look at this week’s latest fintech and banking news. The top of the week brings very payments-heavy headlines, but I expect we’ll see an uptick of news across the board as New York Fintech Week heats up. We’ll continue to add more announcements as the week progresses.
Payments
India’s central bank cancels Paytm Payments Bank’s payments license.
Western Union plans stablecoin launch to modernize its payment systems.
Pine Labs acquires a 100% stake in D2C checkout platform Shopflo Technologies.
Banking Circle launches stablecoin clearing service.
OnePay partners with Tempo for stablecoin-powered payouts and account funding.
Nium and Coinbase partner to power global stablecoin payments and settlement.
PayNearMe appoints Niall Hayes Chief Development Officer, EVP of Engineering.
Financial management
Prophix launches the next wave of Prophix One Agents, defining the delegation era for finance.
Digital banking
Akbank AG completes Phase 1 of its core banking transformation to Mambu.
Loyalty Credit Union goes live with authenticated chat through Eltropy and Mahalo integration.
Fraud and identity
Jumio announces Mark Lorion as Chief Executive Officer.
Former Okta President of Auth0, Shiven Ramji, to join Cellebrite as President, Products and Technology.