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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.
The new Klarna Card, which has a waitlist of 400,000 in the UK, will allow shoppers to make in-store contactless BNPL purchases.
The $3 million bridge round has been led by Hong Kong-based QBN Capital, which will help the fintech enter Asia.
The pandemic has cemented mass transition from traditional to alternative finance in the UK. A pandemic-driven cash flow crisis among businesses, and the rise of fintech and challenger banks, is spurring the rise of alternative lending models – with the market now worth £6.26 billion.
