Banking Infrastructure

Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?

GoWomen, a challenger neobank priding itself on being the first FinTech company for women of colour, is taking early sign ups ahead of its 2022 launch.

Netherlands-based financing platform Levenue has purchased FinTech Requr for an undisclosed fee.

OZÉ, the FinTech startup which provides digital recordkeeping tools with embedded finance products to MSMEs across West Africa, raised $3m in an oversubscribed pre-Series A round.

Genesis, which builds applications for financial markets organisations, has raised $200m in funding.

Global retail bank, payments and shopping service Klarna, has launched Klarna Kosma, a sub-brand and business unit to harness the growth of its open banking platform.

Ondo Finance, which is building a decentralised investment bank, has raised $20m in Series A funding to accelerate the adoption of DeFi among mainstream investors.

Nearly half (43%) of large financial institutions have adopted open banking, according to a report from identity management company Curity.

FinLync, which helps connect global banking, has closed a strategic investment and partnership with Workday Ventures.

The total banking-as-a-service (BaaS) platform revenue will exceed $38bn by 2027, rising from $11bn in 2022, according to a report from Juniper Research.