Does the key to financial inclusion sit in a digital money savings pot?
Fintechs should be looking to develop products that promote healthy and sustainable financial habits.
Financial Services/Finserv
Fintech funding deals globally 22-28 March 2021
Featuring Dataminr, Blockchain, Feedzai, Jumio, and Pie Insurance.
Firms expect to fully automate reconciliation within five years – here’s how
Firms no longer have to struggle with the pain points brought about by manual processes or legacy technology.
Webinar: Preparing for open finance – the next step in the open banking journey
How to successfully position your firm in this new era of innovation.
Digital challenger Minna Bank to launch in Japan by May
Minna will offer both consumer-facing and white labelled products.
Stilt prepares to offer US immigrants banking products and a credit history
The firm recently accrued a $100m debt facility from SVB.
SEC launches voluntary inquiry into US Spac craze
This year alone has birthed eight lawsuits against US Spac deals.
Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext
The blank-check firm has already sold 41.5 million shares at €10 each.
Fiserv acquires US processor Pineapple Payments
It is expected to close by the end of Q2 2021.
High frequency trading and the data centre
It’s a win-win for this high volume, high risk business.
Video: Top fintech stories this week – 26 March 2021
FinTech Futures’ weekly news round-up.
ICYMI funding round-up: Meniga, Recharge.com, Hala, Zaver & more
Plenty of deals this week to be summarised by FinTech Futures.
Major US banks invest $40m in Black-owned challenger Greenwood
Backers include JP Morgan Chase, Citi, and Bank of America.
PPRO boosts unicorn round up to $270m with JP Morgan
PPRO says it doubled its transaction volumes over 2020.
Aussie fintech Airwallex lands $2.6bn valuation with $100m raise
Airwallex is currently expanding into Asia, the UK, and – most recently – the US.
Challenger Oyster Financial launches credit offering for Mexico’s SMEs
Instant credit will range from $500 to $1,500.
Santander announces 111 UK branch closures as consumers go digital
The bank says all 840 affected staff will be offered new roles.
FCA plans whistleblower support with new campaign
UK regulator to provide greater help to those willing to come forward.
Feedzai lands $200 million in Series D funding to reach unicorn status
Risk management firm lands its largest round so far.
COVID-19 & the future of data discovery, access and integration
Operating and innovating with data in a COVID-19 world is much more challenging.
Seedrs abandons £140m Crowdcube merger after CMA block
The CMA said the deal would “reduce competition and innovation”.
Xero makes second acquisition in a month with Tickstar
Tickstar already serves Xero customers across Australia, New Zealand, and Singapore.
Identity fintech Prove acquires research firm Medici Global
“This acquisition allows us to offer expert advisory coverage”.
Luminor Bank selects FIS Ambit Focus for risk management
Estonian bank aims to optimise its liquidity and manage risk.
Indian fintech lender KreditBee boosts record Series C with extra $70m
KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.
SoundCloud exec BianRosa joins N26 as new CPO
BianRosa will lead all product teams for the challenger globally.
Gerlionti pick Nets to underpin launch of GerliPay
Nets is providing card management and processing services for the new app.
Former HSBC exec Maguire joins UK regtech Napier
Maguire takes up a position as an advisory board member at the firm.
Jumio raises $150m in private equity investment
Firm lands “largest funding round” of the digital identity space.
The Cambridge School and Curt’s jacket
Context matters. Context is everything.
HSBC challenges fintechs with launch of SME banking app Kinetic
“We’re taking the toolkit approach of the challengers,” HSBC lead tells FinTech Futures.
Heartland Credit Union selects KeyStone as new core system
The bank says it picked KeyStone as the heart of a new technological change.
Danish challenger Kompasbank lands banking licence
The neobank aims to target the SME sector in Europe.
SEB signs Google Cloud partnership extension
SEB to deploy Google services across wider segments of the bank.
It’s a matter of comms | Episode 3 | ESG
This week’s #itsamatterofcomms vlog features Dave Wallace, founder of NMD+.
Webinar: Getting to market faster by outsourcing PCI compliance
Cost benefits, getting more value from data, protecting card data, and managing other sensitive data.
Revolut applies for US banking licence days after Canada exit
Revolut’s US operations are led by banking veteran Ron Oliviera.
Freetrade raising £50m Series B for European expansion
Customers have been waiting years for European expansion.
Indiana-based fintech Zoro Card builds credit through a debit card
The fintech focuses on those disproportionately affected by insufficient credit histories.
Fintech funding deals globally 15-21 March 2021
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
