25 May 2023

Monese creates new subsidiary

Written By FinTech Alliance

Monese creates new subsidiary

Subsidiary will be used to drive banking-as-a-service push

IN BRIEF:

- The new subsidiary, XYB Limited, will take over Monese’s client work, inlduing their relationship with Investec

- Monese CEO Norris Koppel first announced its cloud-based banking offering to partners in 2021

- A strategic partnership with Investec saw them lead Monese’s $162m Series C round

What does this mean?

"I am thrilled to introduce XYB's coreless banking ecosystem to the market, a true game-changer in the industry,” said CEO Atul Choudrie on his appointment. “By building a vibrant ecosystem of partners, XYB empowers financial institutions to unlock new opportunities, deliver tailored financial services that meet diverse customer needs, revolutionising the way financial services are delivered.”

Read more here.

Up Next ...
08 December 2023

The Fintech Power 50 2024 Unveiled at Fintech Connect

The Fintech Power 50, the annual guide to the most ...

08 December 2023

Adyen and Klarna: Collaborating to simplify card payments

Adyen and Klarna are enhancing their global partnership to simplify ...

08 December 2023

Liberis raises £89mn debt from HSBC Innovation Banking, BCI Capital

Embedded finance provider Liberis has secured £89mn in debt financing ...

07 December 2023

FinTech startup Pontera raises $60mn

Pontera, formerly known as FeeX, has successfully secured $60 million ...

More in FinTech

The Fintech Power 50 2024 Unveiled at Fintech Connect

08 December 2023

The Fintech Power 50, the annual guide to the most ...

Adyen and Klarna: Collaborating to simplify card payments

08 December 2023

Adyen and Klarna are enhancing their global partnership to simplify ...

German FinTech unicorn Trade Republic is granted a full EU banking licence

07 December 2023

The licence will allow the FinTech to hold customer deposits, ...

Mangopay partners with Mondu for B2B BNPL

06 December 2023

Mangopay and Mondu collaborate to support B2B marketplace businesses through ...

White Papers FinTech

Open Finance in Review: Looking back at 2023

28 November 2023

In this insightful report, OzoneAPI delve into the pivotal developments that have shaped the landsca...

White Papers FinTech

Fintech 2030: The Industry View

02 October 2023

Key findings from the report:Embedded finance is expected to dominate the industry in 10 yearsThere...

White Papers FinTech

Pulse of Fintech H2 2022 report

27 July 2023

UK FinTech investment falls 56% to £14.42bn in 2022After an incredibly strong 2021, with total FinTe...

White Papers FinTech

The Rise and Impact of Fintech in Latin America

29 June 2023

Fintech also provides tools to help manage these risks. Financial authorities and their supervisees...

The Card & Payments Awards 2024

The Card & Payments Awards 2024

01 February 2024

06:00 PM - 02:00 AM

JW Marriott Grosvenor House London, 86-90 Park Ln, London, Mayfair, W1K 7TN

£345.00
Stockholm FinTech Week

Stockholm FinTech Week

12 February 2024 - 16 February 2024

12:00 AM - 12:00 AM

Stockholm, Sweden

Free
FinovateEurope

FinovateEurope

27 February 2024 - 28 February 2024

12:00 AM - 12:00 AM

InterContinental London - The O2, 1 Waterview Drive, London, Greenwich, SE10 0TW

Free