Primer reaches $425m valuation following $50m Series B round
CEO Paul Anthony says funds will “supercharge” the company’s next phase of growth.
Data & Analytics
What it takes to fight financial crime with AI
AI can play a strong part in combating fraud, but firms need to have the right groundwork in place.
FinTech Futures Jobs: Three really great jobs to apply for this week
Exciting vacancies at OakNorth, Finastra and Oracle. Apply today!
Deel hits $5.5bn valuation following $425m Series D round
Deel reports more than 4,500 customers worldwide in over 150 countries.
SoFi partners Pagaya to boost access to financial services
SoFi plans to extend its credit lending services to a broader audience.
Aussie ID and fraud prevention platform FrankieOne nets $15m Series A round
Start-up sees investment from Robinhood founder and CEO Vlad Tenev and Monzo founder Tom Blomfield.
FinTech Futures Jobs: Three great jobs to apply for this week
Exciting vacancies at Finastra, OakNorth and Inpixon. Apply today!
French fintech Swile lands $200m investment to drive Latin American expansion
Start-up also plans to release two new digital-led products.
BaaS platform Productfy raises $16m and forms card issuance partnership
Productfy provides companies with embeddable modules for payments, deposits, and card issuance.
Sibos 2021: BIAN releases upgraded digital core banking platform
The Coreless Bank platform is designed to help firms modernise their core banking infrastructure.
Sibos 2021: Citi’s Paco Ybarra says banks must adapt and collaborate in a rapidly changing world
Ybarra says that banks like Citi must work with, rather than against, change.
Sibos 2021: Major appliance manufacturer picks SmartStream for data reconciliation
Fisher & Paykel selects SmartStream Air to automate its currently manual reconciliation processes.
Latin American fintech Dock acquires BaaS platform BPP
Dock CEO Antonio Soares says the move will provide “immediate value to our customer base”.
Sibos 2021: “I’ve never seen the industry refreshing itself more,” says SmartStream CEO
SmartStream CEO Haytham Kaddoura discusses the growing importance of AI and ML and the future of fintech.
VoxSmart acquires speech recognition platform GreenKey
Firm aims to bolster its communications surveillance offering for financial institutions.
Daily News at Sibos 2021
Download your free copy of the Sibos supplement today!
Australian lender MoneyMe lands $36m funding partnership
The money will be used to expand its product suite.
Digital transformation in asset management – obstacles for fund administrators
Fund administrators are struggling to keep pace with digitalisation thanks to some notable obstacles.
FinTech Futures Jobs: Three amazing jobs to apply for this week
Exciting vacancies at OakNorth, Checkout.com and Finastra. Apply today!
Digital wallet OneFor partners Moorwand to launch European remittance service
The partnership will boost financial inclusion for the bloc’s diaspora communities.
Finding out about finfluencers
People are turning to influencers on social media for guidance on everything, including finance.
Software firm Sage acquires fintech start-up GoProposal
Acquisition will support accountancy practices through ongoing UK tax digitisation strategy.
Regulate or ban: EU’s proposed AI credit scoring framework hears feedback
The EU has been receiving recommendations on its proposed Artificial Intelligence Act.
Canadian tech firm Coconut Software secures $22m Series B funding
The cash will go towards product development, hiring new staff and investing in marketing and sales.
If I had a penny…
If we’re going to talk about inclusion, don’t talk to me about current accounts. Talk to me about money.
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
Privacy-focused data collaboration platform Duality raises $30m
Duality will invest further in privacy-preserving machine learning technologies.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Fraud prevention platform Alloy hits unicorn status with $100m investment
Investment will go towards building out an evolving customer identity profile offering.
Robo-advisor Betterment achieves unicorn status with $160m capital injection
The funding was drawn from a Series F round and $100m credit facility.
Debt platform CredAvenue raises $90m in Series A funding round
Significant investments in data science, machine learning, and AI are in the pipeline.
Amazon-backed Indian BNPL firm Capital Float raises $50m
The investment brings Capital Float’s total money raised to date to over $600m.
Sopra Banking Software acquires asset risk management provider Luminosity
Sopra says the acquisition will complement its software financing platform.
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
ICYMI funding round-up: Yellow Card, QisstPay, Vyne, Tomorrow & more
Plenty of funding rounds in the double digits in this week’s ICYMI roundup.
Swan raises €16m Series A to accelerate European expansion
The BaaS platform wants to democratise access to banking services.
ComplyAdvantage tapped by Hampshire Trust Bank for AML solution
RegTech’s AI-driven financial crime solutions will protect HTB at a time of rapid growth.
FNBM selects new core banking solution in Finastra’s Fusion Phoenix
Fusion Phoenix is key to the bank’s strategy to attract younger customers.
BNY Mellon invests in data firm Quantexa Technology
Two BNY execs join the Quantexa board as US bank joins Series D.
UOB to spend $500m on boosting digital banking capabilities
The investment comes after the pandemic accelerated digital-first banking across Southeast Asia.
