Thunes adds $60m to Series B round focused on network expansion
Singaporean cross-border payments firm has raised $130m in total.
Financial Services/Finserv
LINE BK is “an elevation for the financial industry”, says CEO
“In today’s digital world, we are stepping towards a so-called singularity era.”
Catch up in the cloud – regulatory reaction to COVID-19
What are the regulators doing to keep track with the acceleration of digital in banking?
Fintech funding deals globally 17-23 May 2021
Featuring Trade Republic, Pine Labs, Figure, DailyPay, and Sunbit.
Webinar: AI – the future of content management in financial services
Learn hows, whys, and wherefores when it comes to the effective deployment of AI in your organisation.
New York wealthtech Vise raises $65m, hits $1bn valuation
The platform is on a “mission of creating financial freedom for everyone”.
Uncapped moves into banking with $80m funding raise
Uncapped will increase its headcount from 35 to 100 people.
Figure Technologies raises $200 million to reach $3.2 billion valuation
Figure uses Provenance, a public, open source, permissionless, decentralised blockchain.
JS Bank unveils Pakistan’s “first ever” digital cheque service
It allows customers to write and issue a check “instantly”.
Privacy.com raises $43m and rebrands as Lithic
Lithic has raised a total of $61m to date and has issued over ten million cards.
ComplyAdvantage extends funding round with Goldman Sachs investment
The funding is an extension of its Series C funding round from July 2020.
Core banking systems: the future is cloudy
A deep dive into what the new generation of core banking systems (CBS) has to offer.
Emerging innovations that will define the future of payments
Exploring how the payments industry is moving towards a seamless, transparent and instant future.
Video: pick of the week – UK regulators not happy with some fintechs and AmEx
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Video: Top fintech stories this week – 20 May 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
What the Fintech? | S.2 Episode 11 | Introducing inclusivity
James Herbert, founder and CEO of Hastee, joins us on this latest episode of the What the Fintech? podcast.
ICYMI funding round-up: OptioPay, Payslip, Mamo, Telda, StudentFinance, Algbra
An ‘In Case You Missed It’ (ICYMI) list of funding picks.
Vodacom launches “super app” in South Africa with Alibaba’s help
“We see this super-app as a precursor to M-Pesa’s evolution,” says CEO.
US Century Bank picks NCR digital banking platform
$1.4 billion-asset bank impressed by “consistent” look and feel.
nCino wins first German client in Hamburg Commercial Bank
Accenture will provide project management, design, development and testing.
Asia Alliance Bank becomes second ICSFS client in Uzbekistan
New system selection hot on the heels of Trustbank at the start of the month.
UnionBank plans total cloud migration with Amazon Web Services
It aims to be the first entirely cloud-hosted bank in the Philippines.
OmniLatam buys itself back from bankrupt financer Greensill
Despite its parent’s insolvency, OmniLatam claims it has “experienced record growth”.
CleverCards to gain EMI licence via M&A, raises Facebook exec-led €10m round
Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
Baking in the right values from the start
Stick to your values and beliefs and do the right thing by both your people and your client.
UK regulator fines AmEx over sending four million unsolicited emails
Subscribers “had not provided adequate consent” for a portion of the 50 million messages Amex sent in 2019.
BNPL Laybuy raises $27m for UK growth drive
The start-up last raised debt financing in late July 2020.
BukuKas raises $50m Series B just four months after Series A
BukuKas’ CEO Krishnan Menon previously worked at Alibaba-owned Lazada Indonesia.
Irish fintech Fenergo acquired by two private equity firms in $600m deal
Fenergo’s revenue grew 17% in the last financial year.
ThetaRay raises $31m to fuel cross-border payments expansion
Cybersecurity firm has big ambitions for changing the cross-border sector.
Glenhawk plans lending boost with cloud-based Finastra system
New UK non-bank lender sets up automated platform in the back office.
Wintersmith
A lot of businesses & software projects aim to be Disney princesses but end up as “a bit of a Frankenstein”.
FCA demands UK fintechs clarify non-bank status to customers
Companies have six weeks to write to their customers.
Safaricom mulls M-Pesa partnership with Amazon
A wider partnership with Amazon “is important”, says CEO.
Deutsche Bank seeks payments revamp with Silverflow deal
Deutsche Bank says the deal will support the launch of two new payment services this year.
Amount raises $99m Series D to reach unicorn status
US fintech counts HSBC, TD Bank, and Barclays among its customers.
HSBC launches multi-currency business wallet to rival fintech providers
HSBC says businesses can “pay like a local”.
Tink acquires German open banking provider FinTecSystems
Founded in 2014, FTS has grown to 67 employees.
Navigating a cyber-normal world
We live in a world where simply clicking on a link means ‘game over’.
Why EU regulators are pushing for more explainable AI
The EU regulators are seeking to mitigate undesirable outcomes and risks arising from AI-generated decisions.
