US challenger bank Greenwood secures $45m funding
The latest round brings the total capital raised by the challenger to $88 million to date.
The latest round brings the total capital raised by the challenger to $88 million to date.
Trust has picked the vendor’s Vault Core solution to power its new digital banking offering.
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
The licence provides authorisation for the company to act as a deposit-taking financial institution.
Cogo’s tech will feature on Tandem’s green living hub, with plans to integrate directly into the bank’s app in 2023.
The new cash means the Durham-based challenger bank has now raised £105 million over 2022.
David McCarthy has been named as the firm’s new CFO with Wahid Ali joining as CRO.
According to Bloomberg, the fintech firm is valued at around $2 billion.
Ecountabl indexes data on more than 10,000 companies, analysing their ESG performance.
Kuda says its UK launch “is the first step in its global expansion to serve overseas based Nigerians”.
Minna Bank, Japan’s first digital bank, is the first user of the new core system developed by ZDF and Accenture.
Digital banks are setting themselves apart from the incumbents and ushering in a new age in banking.
The challenger says it chose Mambu’s API-led cloud platform to achieve a “faster” time to market.
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
The digital bank will utilise Daon’s IdentityX platform for ID authentication.
Mehta will lead channel development, expense management and revenue planning for the company.
UnionDigital Bank will deploy Thought Machine’s Vault Core solution and Callsign’s digital ID platform.
The UK challenger will deploy nCino’s cloud-based Bank Operating System.
The challenger plans to expand its workforce by another 10% by the end of the year.
Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform.
Marshall replaces previous CFO and co-founder David McCarthy, who is leaving the firm for personal reasons.
The partnership will enable N26 customers to buy and sell almost 200 cryptocurrencies.
Nucoin, Nubank’s very own cryptocurrency, is expected to launch in the first half of 2023.
The firm took the DNB to court earlier this year over the use of AI/ML technology for AML checks.
Dan Henry has been terminated as CEO and president of the company and resigned from the board as of 14 October.
The new capital takes NorthOne’s total funding raised to date to more than $90 million.
BVNK is looking to expand across the European Union and beyond.
The new funding brings the total capital raised by Step to $500 million in equity and debt.
The central bank says it has taken this decision to “protect the interest of the public at large”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Cover story: INVESTING IN THE FUTURE – Putting money in the right places.
Our weekly fintech round-up for you to get the latest funding news from around the world.
11Onze chair James Sène says SMEs are “the lifeblood of our communities and global economies”.
Zopa is reportedly in “detailed negotiations” with shareholders to raise around $100m.
In this episode, we’re joined by Gabriele Columbro, founder and executive director of FINOS.
The firm aims to provide new loan and investment opportunities for the underbanked.
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
The bank failed to raise the funds needed for a full banking licence.
The Apiture Digital Banking Platform will provide business banking and account opening solutions.
Mollart is currently deputy CEO at the bank, having joined through the acquisition of Oplo.