Ohio’s KeyBank acquires Philly fintech firm GradFin
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
Innovation
Capitec Bank taps nCino for business banking loan management upgrade
Capitec is South Africa’s largest digital bank, with more than 10 million customers.
UAE neobank Wio hires Salem Al Nuaimi as chair and Jayesh Patel as CEO
The hires at Wio follow the digital bank’s licence approval by the Central Bank of the UAE.
New small business payments platform Hopscotch seeks to make invoicing hassle-free
Hopscotch, founded in June 2021, has raised nearly $10m from 12 investors.
Bridging the gap between new and old payment methods
Payment experiences have changed significantly, with ‘alternative payment’ methods gaining more and more traction.
HCL snaps up Swiss wealth management firm Confinale
The deal will see HCL expand its footprint in the global wealth management market.
LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
Developer infrastructure bank Column launches to cut middleware bloat
Column is the only nationally chartered developer infrastructure bank in the US.
US healthcare fintech Walnut raises $110m in Series A round
The round comprises of $10 million in equity financing and $100 million in debt financing.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
ConnectOne Bank partners Nymbus to offer digital business banking
ConnectOne plans to launch the new digital business banking vertical by the end of the year.
FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Industry Survey & Report 2022
A deep-dive into the trends defining 2022 and beyond, based on a comprehensive survey of the industry.
Report: Digital transformation and trends in financial services
The future of the financial industry, including a shift back to office, fraud prevention, and regulatory compliance.
FinTech Futures Jobs: Three new roles if you’re considering a great resignation
Exciting open vacancies at Hazy, Xero and LSEG. Apply today!
Latin American Bitcoin rewards credit card provider YoCripto readies for launch
YoCripto is on a mission to be the first in Latin America to offer a credit card with Bitcoin rewards.
Deloitte hires Bob Savino to offer new BaaS solution for financial institutions
Savino will head up a fintech start-up team as the consultancy looks to bring a new BaaS solution to market.
ICYMI funding round-up: Estateguru, SaaScada, tell.money, Cheq, GMEX & Bluezone
A handy round-up of the recent funding endeavours of fintech companies across the globe.
First Bank partners Finzly to offer payments services to business customers
First Bank says Finzly’s Payment Hub “gives us the speed and agility to offer a fintech-like payment experience”.
NatWest partners paytechs to offer new payment option via Variable Recurring Payments
The “industry first” deal will allow for transactions to be conducted near instantaneously.
The case for building core banking
Should larger banks be looking to write their own core? I’m not so sure.
UK credit fintech Pillar raises £13m pre-seed round
The round, led by Global Founders Capital and Backed VC, saw participation from a number of angels.
EU Commission blasts anti-competitive Apple for lack of third party NFC access
The EU Commission claims Apple has violated anti-trust rules for the benefit of its own Apple Pay.
LatAm SME financial services platform Xepelin raises $111m Series B
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
Salt Edge partners Azimut to launch investment app Beewise
The partnership will enable Beewise users to connect their existing bank accounts securely to the new app.
I am sorry you feel this way
You can keep your flaccid apologies to yourself. We need you to see the teachable moment. And grab it with both hands.
First United Bank & Trust taps Finotta for personalised mobile banking
First United says the partnership will support its “vision to elevate 10 million lives by the year 2030”.
NLP platform for financial services Accern raises $20m
Accern CEO says: “With this funding, we will scale sales and marketing to empower more citizen data scientists.”
Co-branded credit card platform Concerto launches with $21m funding
The early-stage round was led by Matrix Partners and saw participation from PayPal Ventures.
Banks must capitalise on the data opportunity or face extinction
Traditional banking systems remain largely built on the rails of decades-old technology.
NetGuardians tapped by Swiss bank LUKB to boost fraud prevention
LUKB will deploy NetGuardians’ AI-powered software as it looks to shore up its defences against payment fraud.
California fintech Point secures $115m Series C to accelerate growth
Point enables homeowners to unlock equity from their homes.
Payroll fintech Symmetrical.ai raises $18.5m in Series A funding
The round saw participation from Target Global, Global Founders Capital, Finch Capital and Partech, among others.
Fractional investment platform Investables readies for UK launch
Investables allows retail investors to purchase fractional shares in rare collectibles.
N26 opens offices where employees want to live
The German neobank is looking to innovate around the future of work for bank employees.
Colombian fintech Minka lands $24m
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
SEB lands first BaaS customer with Humla partnership
Fintech start-up Humla will be powered by a BaaS platform developed by SEB’s innovation studio SEBx.
When cash ceases to be king: the rise of innovative payment methods
Digital payment systems have seen explosive growth with many people moving away from cash.
Banking Technology Magazine May 2022 issue out now
Cover story: THE NEED FOR SPEED – Getting money to those that need it, fast.
Mobile tax app Taxfix lands unicorn status with $220m Series D funding
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
