AutoGravity forces its way past $2bn in financing
Things are looking up for US mobile auto shopping and financing start-up.
Lending
Roostify integrates with LendingTree
Consumers can find a loan while Roostify keeps the mortgage origination process online.
JP Morgan Chase invests $20bn for new branches and jobs
Includes 400 new branches, 4,000 jobs and an increase in staff wages across the US.
SoFi’s choice: former Twitter COO to take helm as new CEO
Social media’s loss is social finance’s big gain.
Zopa enhances executive ranks with new trio
En route to its launch of a challenger bank later this year.
Fintech funding round-up: 23 January 2018
From London to Asia. Stars Anorak Technologies, Funding Societies and Mekar.
Dwolla to power ID verification for Yahoo’s Tanda savings app
Tanda app is intended to be used as an alternative to credit cards or short term loans
Lending firm Defi Solutions definitely lands $55m
The Series C funding round comes from Bain Capital Ventures.
Fintech funding round-up: 19 January 2018
Stars Varo Money, OakNorth Bank, NetPay and ISME ACE.
Banking tech round-up: 19 January 2018
Featuring Fiserv, HSLC, Zürcher Kantonalbank, Contovista, Piraeus Bank, Intellect Design Arena and Bank of Baroda.
LendingPoint adds POS financing with LoanHero buyout
US deal means it can extend its financial software and services to consumers making a major purchase.
Mambu banking engine powers Kreditech’s lending leap to India
Will expand into the sub-continent in early 2018, together with its partner PayU.
Fintech funding round-up: 10 January 2018
Starring Mylo Financial Technologies, Goji and Collibra.
New challenger bank on UK scene, Chetwood Financial
UK’s challenger bank scene has got a new entrant – Chetwood Financial.
Citi unleashes single digital platform for mortgages
Makes dual agreements to integrate its suite of US mortgage products into one platform.
CIBC acquires Wellington Financial for lendtech push
Buys loan assets as it seeks to strengthen its presence in North America.
Fintech funding round-up: 8 January 2018
Features IBM, Comcast, MState, Early Salary, Previse and Dinghy.
Funding Circle eyeing £1bn IPO
The firm is preparing to go public and plans to have advisors put in place to oversee.
Top five lendtech stories in 2017
Lend us your time, with a quick look at 2017 with Banking Technology’s top five lendtech stories.
nCino brings its Bank Operating System to world’s largest credit union
US-based Navy Federal Credit Union (NFCU) opts for nCino’s Bank Operating System.
Fintech funding round-up: 19 December 2017
Features Softbank, Lemonade, Amazon, Capital Float and Delio.
Fiserv teams with TransUnion for loan origination system
Fiserv will integrate TransUnion’s CreditVision Link to increase precision of scoring and risk modeling.
Mambu powering Wenance’s Latin American expansion
Will be using its Software-as-a-Service (SaaS) core banking system.
Emirates NBD appoints chief digital officer, seeks fintech partnerships
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
Barclaycard building digital bank in US
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
Fintech funding round-up: 30 November 2017
Quickly following on from Tuesday’s (28 November) funding round-up, here are more stories from a cash-drenched world. Features 1QB Information Technologies, FinTecSystems, Betalo, Nordea and Constellation Digital Partners. 1QB Information Technologies (1QBit), a quantum computing firm based in Vancouver, has closed a CA$45 million ($34.9 million) Series B round comprising equity and revenue contracts. This […]
Fintech funding round-up: 28 November 2017
No slowing down when it comes to the fintech funding action and this week we’ve got three of the latest stories for another ever-informative round-up. Featuring MoneyMe, TreasuryXpress and Chip.
Payments round-up: 23 November 2017
Coming straight after yesterday’s (22 November) summary, we present another brief payments round-up. Features Starling Bank and Yoyo Wallet getting loyal; chatty PayPal and Facebook Messenger; token time with Sequent and Interac; and Wirecard working with Capital Float in India. UK challenger bank Starling has teamed with Yoyo Wallet, a mobile payment and loyalty marketing […]
ING has a thing for data analytics
ING Wholesale Banking has set out its plans to increase investments in data analytics and put more resources into Asia and the Americas. It’s very early days as its ambitions and goals offer no real specifics. Stats and timelines are like good service in shops in the UK – i.e. almost nowhere to be seen. […]
Robots have got OCBC’s retail banking backend covered
Hey humans! Feeling down? Well let’s get down some more. OCBC Bank has launched two robots to enhance internal backend processing speeds in its retail banking secured lending (CSL) and finance teams. The robot attached to the CSL team assists with housing loan re-pricing. This includes processing time, which “has been almost entirely reduced” (i.e. […]
Capital Home Loans swaps Computershare for Phoebus as lendtech provider
UK-based Capital Home Loans (CHL) has signed a five-year deal with Phoebus Software for its mortgage servicing solution.
Fintech funding round-up: 20 November 2017
Coming straight after Friday’s (17 November) fintech funding action, here’s another round-up. Features Xiaomi’s interest in India, Bamboo Capital Partners, First Access, Allied Irish Banks and TransferMate. Chinese phone and appliances maker Xiaomi plans to invest around $1 billion in 100 start-ups in India over the next five years, according to chief executive Lei Jun […]
Kabbage expands small business funding with $200m credit facility
Alternative credit company Kabbage has a lot to be thankful for this week. The Atlanta-based start-up received a new $200 million revolving credit facility from Credit Suisse bringing its total debt funding to $750 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Kabbage emphasised that this credit facility diversifies its funding sources, which will help it […]
China CITIC Bank and Baidu launch direct bank, AiBank
China’s internet giant Baidu and one of the country’s largest lenders, China CITIC Bank, have joined forces to launch a new direct bank, AiBank.
Fintech funding round-up: 17 November 2017
Following on from yesterday’s (16 November) fintech funding fun, here’s another summary. Features Flender, Tipigo Ventures, India Accelerator, Kuants, Sumeru and a handy $2 billion in Singapore. Return to Flender. Address known. As reported in May, peer-to-peer lending start-up Flender was seeking to get €1 million in funding and is targeting a UK launch after […]
BNP Paribas and Caple make European SME credit capable
BNP Paribas Asset Management (BNPP AM) has acquired a 10% stake in European credit provider Caple, allowing for a partnership to offer alternative credit to European small and medium-sized enterprises (SMEs).
TrueAccord lands $22m to humanise debt collection
Online debt collection service TrueAccord has received $22 million in funding – bringing its total amount to almost $34.5 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Leading the round was Arbor Ventures. A mix of existing and new investors, including Arbor, Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture, TenOneTen and Crystal […]
Top fintech stories this week – 10 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Fintech funding round-up: 9 November 2017
Briskly following yesterday’s (8 November) and Tuesday’s (7 November) fintech funding round-ups, here’s more brief news action. Features WeLab, FinMkt and FriendlyScore. Hong Kong’s lending platform WeLab has raised $220 million of combined Series B+ equity and debt financing – and has won the backing of the Alibaba Hong Kong Entrepreneurs Fund, International Finance Corporation (IFC) […]
Major Indian bank looks for fintech acquihire
A major financial institution in India is looking to make a fintech “acquihire” (an acquisition of a company primarily for the skills and expertise of its staff, rather than for the products or services it supplies).
