The Weekly Wrap: all you need to know by Friday COB | Nov 7th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

ClearBank has partnered with AutoRek to enhance its reconciliation capabilities and accelerate innovation in financial operations.

The collaboration marks a significant milestone in ClearBank’s ongoing digital transformation journey. As transaction volumes surged by 55% in 2024, the institution sought a scalable, future-ready solution capable of supporting rapid growth while maintaining agility, control, and full regulatory compliance.

Through AutoRek’s powerful no-code platform, ClearBank has modernised its reconciliation infrastructure, transitioning from manual, time-intensive processes to automated, data-driven workflows. The unified platform supports both transactional and cash reconciliation across multiple payment schemes, delivering real-time visibility, streamlined reporting, and seamless integration into ClearBank’s Microsoft Azure-first environment.

This enhanced capability eliminates traditional operational bottlenecks, enabling ClearBank to manage growing transaction volumes with increased speed and accuracy. The result is a more resilient and scalable banking infrastructure that supports the evolving needs of digital-first financial institutions and their customers.

“Digital banking providers face operational demands that manual processes simply can’t support,” said Nick Botha, VP, Payments & Retail Banking. “Traditional reconciliation approaches can’t handle the volumes and complexity of modern payment flows. ClearBank represents the future of banking infrastructure – technology-driven, scalable, and built for real-time operations. Working with them demonstrates how the right reconciliation platform becomes a strategic enabler, not just a compliance requirement.”

Deals of the week

• Clearwater, J.P. Morgan partner to automate hedge fund cash
• Gumtree, Mangopay partner to enable on-platform payments
• SBS enhances UK lending with new open banking features
• QFC and Doha Bank partner to drive Qatar’s FinTech growth
• Klarna and Marqeta boost pay-later access across Europe
• MoEngage raises $100m to power AI innovation
• Stripe and NEC team up to advance face-pay technology
• Nexi and Zucchetti unite to advance integrated PayTech solutions

Be on the lookout for

Nominations Closed!!

The IBSi Global FinTech Innovation Awards 2025, set to take place on 21st November in Mumbai, will once again spotlight the most disruptive and transformative achievements in banking and financial technology. Now in its seventh year, the awards honour innovation across high-impact categories such as Core Banking, Digital Lending, AI/ML, and GenAI.

After a record-breaking 2024 edition—which drew 400+ submissions from 155 banks and 90 tech vendors—the upcoming awards are poised to set an even higher benchmark. Expect broader global participation, richer insights into bank–tech collaboration, and a data-driven judging process powered by IBS Intelligence’s proprietary research and analytics.

Beyond trophies, winners benefit from year-long visibility through editorial features, thought leadership opportunities, and industry event integrations—making this a platform not just for recognition, but for continued growth and influence.

The stage is set, nominations are in—now the countdown begins to GFIA 2025. Stay tuned as we celebrate the innovators reshaping the future of global FinTech.