The Weekly Wrap: all you need to know by Friday COB | April 10th

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

Nottingham Building Society, a UK-based mortgages and savings mutuals, has completed its core banking modernisation programme with global FinTech provider SBS. The Nottingham Building Society has upgraded to SBS Core MSS 6.1, which aims to modernise its platform to better serve its 300,000 members, strengthen regulatory compliance and enable new digital capabilities.

SBS Core MSS 6.1 has unlocked a series of new features that will be rolled out progressively over the next year. For members, the upgrade will have several key features, including faster customer support, easier-to-navigate mortgage and savings applications and new digital experiences.

Core MSS is SBS’s Mortgage and Savings Suite for building societies and specialist lenders, which supports the full lifecycle of mortgage and savings accounts from account opening to processing transactions and meeting regulatory reporting requirements. Version 6.1 of the platform has aimed to improve its performance with expanded compliance capabilities and a modular architecture that allows societies to adopt new features and integrations as their needs evolve.

The programme was delivered in partnership with HCLTech, which supported system integration and testing. The completion of Nottingham Building Society’s Core MSS banking upgrade is part of the Society’s Mighty Foundations objective, which aims to provide a secure and stable foundation for the Society’s members. SBS will work with the Society over the next year as it begins to roll out the new features of Core MSS 6.1.

Deals of the week

• MillTech raises $60m to expand in North America
• Careem Pay expands instant transfers to Türkiye and Saudi Arabia
• BPC introduces BPC Payments to enable real-time transactions
• GLAAS raises $5m to scale embedded credit for MSMEs
• Confirmo secures Irish payment licence to expand EU stablecoin services
• Zone acquires Sudozi to reshape traditional finance system
• KreditBee secures $280m to scale AI-driven lending
• AccuQuant raises $20m to scale AI-driven financial infrastructure
• CRB Group secures $50m to scale AI and digital asset capabilities

Be on the lookout for

Navigating Bank Partnerships – A West Asia FinTech Guide, the latest from IBSi Perspectives, takes a grounded look at how FinTechs are working with banks in a region shaped by geopolitical shifts. It explores what’s changing in these partnerships, how regulatory dynamics are influencing decisions, and where priorities are moving for both sides. The piece focuses on practical realities—what it actually takes for FinTechs to collaborate effectively with banks as the Middle East’s banking landscape continues to evolve.