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Home » This Week in Fintech: Biweekly News Summary for June 24
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This Week in Fintech: Biweekly News Summary for June 24

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THE Fintech Times Bi-Hebdomadaire Roundup: Discover the Latest Fintech Trends from Around the Globe (Tuesday, June 24, 2025)

Product Launches and Industry Updates

Orchestra has introduced a next-generation payment orchestration platform designed to simplify and optimize payment operations for global merchants. This innovative platform aims to unify fragmented payment processes, reduce unnecessary costs, and provide merchants with comprehensive control and visibility over their transactions. With a presence in Bulgaria and the UK, Orchestra caters to international merchants across various sectors, including e-commerce, digital entertainment, travel, and financial services.

Zopa Bank has launched “Biscuit,” a new offering in the UK market aimed at providing exceptional value, including an average cashback and interest totaling £256 per year. Customers can conveniently link their external accounts through the Zopa app, allowing them to manage their finances and make payments seamlessly from one platform.

Genpact, a global leader in digital transformation, has unveiled a suite of accounting solutions powered by AI, built on Microsoft Azure. This suite integrates document processing, predictive analytics, and conversational AI to streamline finance workflows. The Genpact AP suite includes four modules tailored for accounts payable, each leveraging advanced AI capabilities to enhance operational efficiency.

PARRESS MARKETS has launched a dedicated platform for institutional trading of stablecoins, providing private trading environments aimed at minimizing the risks of de-pegging and enhancing capital efficiency. This service is designed to facilitate the growing adoption of stablecoins in the marketplace, ensuring robust infrastructure for secondary markets across multiple blockchains.

Key Appointments and Leadership Changes

Béatrice Cossa-Dumurgier has been appointed as CEO of Revolt, where she will drive the company’s expansion in Western Europe, with a strong focus on obtaining the necessary banking licenses from the French Prudential Control and Resolution Authority (ACPR) and the European Central Bank (ECB). Revolut’s new headquarters in Paris will serve as the central hub for its banking operations in the region.

Sri Ramalingam has been named Chief Technology Officer at Floqast, a platform specializing in accounting transformations. Ramalingam will lead Floqast’s technological strategy, emphasizing advancements in automation and AI, including the newly launched Floqast AI agents.

Michael Leach is set to join Kaizen, a provider of regulatory compliance solutions for global financial institutions, as Director of Income. With prior experience at the London Stock Exchange Group (LSEG), Leach played a pivotal role in establishing Unavista, enhancing its profile as a global brand.

Partnership Highlights in Fintech

Grammar has selected GR4VY‘s cloud-based payment orchestration platform to enhance its global payment operations. This integration enables rapid deployment with over 400 payment providers without extensive coding, simplifying processes and improving transaction performance significantly.

Ozone API, a provider of open banking technologies, has joined the Plaid Partner Program to facilitate compatible API utilization across North America. This partnership allows financial institutions to easily integrate Ozone’s API platform into Plaid’s infrastructure, promoting compliance with open banking standards and expanding access to numerous fintech applications.

Funding and Financial Developments

Quinn, an AI-powered financial planning platform, has officially emerged from stealth mode, securing $11 million in seed funding led by Alto Fintech. The platform is particularly focused on providing integrated financial advice tools for institutions, aiming to enhance personalized planning services beyond traditional advisory models.

Digital Active has successfully raised $135 million in strategic financing to support the institutional adoption of the Canton Network, a public and authorized blockchain for financial markets. Major contributors to this funding round include DRW Capital, BNP Paribas, Circle Ventures, and Citadel Securities.

TBC Bank Uzbekistan has secured $12.5 million from Triple Jump to bolster the deployment of its SME loan product. This new funding raises Triple Jump’s total commitment to $22.5 million, part of an earlier agreement with Blueorchard. TBC UZ plans to leverage this capital to expand financial access for underserved groups in Uzbekistan, specifically targeting women-led businesses.

Biweekly Fintech June News Summary Week
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