TZP Growth Equity leads Series A Round in Finzly

TZP Growth Equity, a fund within the broader TZP Group (“TZP”), a multi-strategy private equity firm, announced its investment in Finzly, Inc. (“Finzly” or the “Company”), a provider of modular banking and payments technology infrastructure for financial institutions. Founded by Booshan Rengachari in 2012 and headquartered in Charlotte, North Carolina, Finzly empowers banks, fintechs, and businesses to rapidly adapt to changing market demands. Finzly’s modern, cloud-based, and open API operating system serves as a parallel platform...

Galytix expands its Generative AI Data Platform

Galytix, the GenAI data technology company for financial institutions, announced the expansion of its next generation GX data platform, which is now being used by global banks to automate corporate credit lending and generate early warning signals. Founded in 2015, Galytix developed a market-leading data operating system powered by generative AI that engineers and unifies the end-to-end data flow for financial institutions. Its proprietary GX Platform discovers, ingests, curates and ontologises structured and unstructured data...

Neobank PoetrYY launches with Mbanq

PoetrYY Finance, the neobank, has officially launched, with a mission to transform the banking landscape for startups, small businesses, collegiate athletes, individuals, and underserved communities. PoetrYY Finance leverages Mbanq’s cutting-edge Banking-as-a-Service (BaaS) platform to offer innovative, secure, and inclusive financial solutions. PoetrYY is officially live – offering consumer banking products and services with immediate availability. The company stands out as a beacon of financial empowerment with comprehensive financial services and solutions that include debit cards,...

Only 15% of banks have a well-defined sustainability strategy

Ahead of next month’s COP28 summit, Omdia’s new report, ‘Market Landscape: State of Sustainability in Retail Banking‘, has found the vast majority of banks do not have a fully-functional sustainability strategy; many are still analyzing, despite sustainability being a matter of strategic concern for several decades. The increasing regulation around net zero presages a general movement from guidelines toward formal legislation around sustainability targets and standards. This presents banks with a significant task to respond accordingly within...

TA Associates joins OceanSound Partners for innovation at Kinective

Kinective, a leading provider of connectivity, workflow, and analytics software for the banking sector, announced that it will receive a strategic investment from TA Associates (“TA”) and existing investor OceanSound Partners (“OceanSound”). This transaction will enable Kinective to bolster product innovation, increase investment in sales and support resources, and deliver enhanced value to its customers. Upon completion of the transaction later this year, TA and OceanSound will become equal partners in Kinective. Terms of the...

Natixis Corporate & Investment Banking opens Toronto Office

Natixis Corporate & Investment Banking (Natixis CIB) announced the opening of a new office in Toronto, further expanding its footprint in Canada as part of the bank’s ongoing commitment to serving clients in the region through its Canadian branch. Located at 181 Bay Street in the iconic Brookfield Place complex, the new office is situated in the heart of Toronto’s financial district. The space will accommodate the growing team and reflects Natixis CIB’s continued investment to provide comprehensive support...

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