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Revolutionizing Payments: Tietoevry and Tapeeze Join Forces for Innovative Tokenized Card Solutions
Tietoevry Banking has partnered with Swedish FinTech Tapeeze to transform payment solutions by enabling the issuance of custom-branded, multifunctional payment cards. This collaboration allows banks and organizations, including sports clubs and car manufacturers, to create personalized cards without complex infrastructure or extensive regulatory hurdles. Utilizing Visa™ and Mastercard™ networks, the cards feature advanced skim-proof tokenization and biometric security. Already adopted by prominent Swedish sports clubs, this partnership aims to enhance fan engagement and revenue. Leaders from both companies highlight the global potential and demand for customizable, tokenized cards across various industries.
Enhancing Deaf Accessibility in Financial Services: Progress Made, Yet Greater Inclusion Required
As Deaf Awareness Week 2025 begins, the Lending Standards Board (LSB) has released its annual review on the UK financial sector’s accessibility for deaf and hard of hearing customers. The report shows progress in accessibility tools, with 97% of firms using text relay services and 63% offering in-branch British Sign Language (BSL) translation. However, CEO Emma Lovell stresses the need for further improvements, particularly in involving deaf individuals in service development. Engagement within the sector is increasing, with 74% of organizations discussing deaf accessibility internally. The Deaf Inclusion Industry Group has expanded from 12 to 34 firms, signaling growing collaboration.
FinTech Surge: $1.2 Billion Raised in 12 Groundbreaking Deals This Week!
This week, the FinTech sector saw 12 deals totaling over $1.2 billion in funding. FinTech led with five significant transactions, while WealthTech had two. Key highlights include FNZ raising $500 million, SandboxAQ securing $450 million, and Turbine Finance announcing $121 million in funding. Other notable deals featured Pennylane ($75 million), Rain ($75 million), Hawk ($56 million), Thatch ($40 million), Meanwhile ($40 million), TransFICC ($25 million), Qevlar AI ($14 million), Tracera ($12 million), and Alinea Invest ($10.4 million). These investments reflect strong interest in innovation across various sectors within finance and technology.
Flowdesk Raises $102M to Enhance Cutting-Edge Digital Asset Trading Technology
Flowdesk, a prominent digital asset trading firm, has successfully raised $102 million in a financing round, attracting equity from HV Capital and debt from BlackRock-managed funds. Established in 2020, Flowdesk is a key player in cryptocurrency liquidity, leveraging its Market-Making as a Service model across over 140 exchanges. The new capital will support expansion in OTC derivatives, the launch of a crypto credit desk, and enhancements to trading infrastructure, while doubling its workforce and increasing compliance efforts, particularly in the UAE. Flowdesk is also recognized as a liquidity provider for BTC ETF issuers, contributing to the evolving digital asset market.
