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Subaio has chosen European Open Banking leader, Aiia, a Mastercard company, to enable a smarter way for assessing creditworthiness.
Panellists representing Allica Bank, Starling Bank, Lloyds and Torry Harris Integration Solutions, urged large banks to adopt “incremental approach” to tech modernisation in an Open Banking Expo live panel debate.
The black-owned startup partnered with lead investor SoftBank Vision Fund 2 for the round, while new and existing investors also participated.
Research paper published by Bank of America Securities pointed to a “potential 2022 launch” for China’s e-Renminbi.
Joins the digital bank as head of strategy and business development.
Bank partnerships play “instrumental role” in Australia’s fintech ecosystem, according to FinTech Australia’s head of strategic partnerships.
Its connectivity has expanded into Portugal, Austria, Belgium, Denmark and Finland, adding hundreds of new banks.
The Open Banking platform also named Tasha Chouhan as UK and IE banking lead.
The Brazilian fintech secured new investors in the Series F round, including Fidelity, Actyus and Greentrail Capital.
Sheth, who was most recently at Fiserv, will start in his new role on 28 February, replacing interim CEO John Harper.
