NowCM, a market infrastructure and issuance provider specialising in the primary debt capital markets, has appointed industry veteran Markus Sauerland as its new chief operating officer (COO) and co-CEO, effective 1 April 2024. Markus Sauerland, new NowCM COO and co-CEO (Image: LinkedIn) In his new roles, NowCM states Sauerland will be responsible for “all operational and business initiatives, steering growth and deepening client engagements”. Commenting on Sauerland’s arrival, Robert Koller, NowCM founder and co-CEO, says the company is now ready to embark on a “new phase of growth, scaling ..read more

Jordan Kuwait Bank (JKB) has partnered with Intellect Global Transaction Banking (iGTB), the transaction banking arm of Indian banking tech provider Intellect Design Arena, to implement its Digital Transaction Banking (DTB) offering. JKB taps iGTB for digital transaction banking platform The $7.3 billion-asset commercial bank is leveraging the DTB platform to enhance its existing transaction banking channels with new digital capabilities for its corporate and SME customers. These enhancements will apply to areas including cash management, payments, and the bank’s trade finance functions. The ..read more

UK property lender Together has partnered with cloud banking specialist nCino as it looks to streamline its lending processes and “future-proof” its business. Together partners nCino for digital upgrade Headquartered in Cheadle, UK, Together is poised to implement nCino’s Cloud Banking Platform, which will be deployed across all of the company’s core services, including bridging facilities, commercial loans, development finance, and regulated residential and buy-to-let mortgages. Founded in 1974, Together, which claims to have a loan book exceeding £6.8 billion, says it takes a “common-sense ..read more

Fintech start-up Payflows has emerged from stealth mode with €25 million in Series A funding to power its enterprise financial automation platform. Fintech start-up Payflows secures €25m Series A In the works since 2022, the platform has been built to automate the financial functions of scale-ups “at the mid to upper end of growth”. Its capabilities extend to accounts processing, procurement, payments and cashflows, customer and supplier insights, and other operations held under the remit of a CFO. Delivered via Software-as-a-Service (SaaS), the offering is designed to work alongside legacy ..read more

DT One, a digital business-to-business (B2B) micropayments platform, has appointed former Moneyfarm chief operating officer Claudio Di Zanni as its new CEO. DT One appoints Claudio Di Zanni as new CEO Allan Green, chairman of DT One, says Di Zanni’s appointment comes as the company readies for its “next phase of innovation and growth”. The fintech cites Di Zanni’s “solid track record of leadership and success” at numerous multinational digital enterprises as the driving force behind his recruitment. The company believes his expertise will be pivotal in advancing its global growth strategy. B ..read more

B2B payments infrastructure firm Thunes has signed a definitive agreement to buy Tilia to fuel its expansion into the US online gaming market. Thunes set to buy Tilia Founded in 2019, Tilia offers acceptance and pay-out services for in-app purchases, creator economies, online games and virtual worlds. Once the deal is finalised, Thunes will be able to leverage Tilia’s technology to offer American Express, JCB, MasterCard, UnionPay and Visa acceptance services to its customers. Furthermore, thanks to Tilia being licensed in 48 US states and territories, Thunes’ network – which claims to ..read more

Goldman Sachs is preparing to step back from its digital investment advisory unit Marcus Invest after agreeing to sell its digital investing accounts to robo-advisor Betterment. Goldman Sachs sells Marcus Invest accounts to Betterment As part of the agreement, the unit’s digital investment accounts and assets under management are to be transferred to Betterment, with the move scheduled for completion around 29 June. Launched in October 2016, Marcus functions as Goldman Sachs’ digital consumer banking and lending platform with an offering including deposits, credit cards and savings accounts ..read more

JTC, a fund, corporate, and private wealth services provider headquartered in Jersey, is set to acquire First Republic Trust Company of Delaware (FRTC-DE) from JP Morgan Chase in an all-cash deal valued at $21 million. JTC to buy First Republic Trust Company of Delaware JTC describes FRTC-DE as “highly complementary” to its previous acquisitions of South Dakota Trust Company (SDTC) and New York Private Trust Company (NYPTC). The proposed deal, which is subject to customary closing conditions, will see FRTC-DE and its $9 billion worth of assets under administration absorbed into JTC’s pr ..read more

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