New Glasgow-based trading app Strikes prepares for launch
Founded in 2021, the start-up aims to help retail options traders save time and money.
Mobile
LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
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.
Dutch challenger Bunq becomes EU’s second largest neobank with Tricount acquisition
Tricount is a group expense management app that allows users to balance their expenses with friends.
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.
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.
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.
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”.
Truist snaps up Gen Z-focused personal finance app Long Game
Under the deal, Long Game’s engineers, designers and business leaders will join Truist’s innovation team.
Colombian fintech Minka lands $24m
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
Banking Technology Magazine May 2022 issue out now
Cover story: THE NEED FOR SPEED – Getting money to those that need it, fast.
FinTech Futures Jobs: Here’s why you should check out these fintech jobs
Exciting open vacancies at Tendable, Seedrs and Xero. Apply today!
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.
Another brick in the wall: how Bloom is helping teens build financial literacy skills
Bloom enables teenagers to start building wealth by investing in the stock market and learning about finances.
Fintech app for teens Copper secures $29m Series A
The latest round takes Copper’s total capital raised to date to $42.3 million.
US challenger Cogni lands $23m in Series A funding
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
Fintech start-up Valor set to launch in US for Latino and Hispanic communities
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
US financial services super-app Multicent gears up for launch
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
Video: Greg Palmer at Finovate Europe 2022 – The future of fintech
Finovate’s Greg Palmer on how the pandemic accelerated the digitisation of financial services.
Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu
Robinhood says the deal forms part of its mission to “democratise finance”.
Swiss challenger Alpian lands banking licence, raises $20m
Alpian plans to launch in Q3 2022. Prior to that, the digital bank will launch its alpha release to employees.
New challenger Adapta Bank launches in Brazil
Brazil’s latest challenger offers banking services through a free mobile app account.
Savings and retirement wealthtech Lilly set to launch in US
Billed as “the world’s first retirement debit and credit card”, the service will cost from $5 a month.
NatWest taps Bottomline to tackle authorised push payment fraud
NatWest will look to utilise Bottomline’s confirmation of payee (CoP) solution.
UK savings app Moneybox lands £35m Series D
The investment brings Moneybox’s total funding raised to date to £95 million.
Banking Technology Magazine April 2022 issue out now
Cover story: WINDS OF CHANGE – Tackling the carbon cost of technology.
au Jibun Bank: a relationship for the long term
How au Jibun Bank aims to repay customer loyalty by constantly improving their banking experiences.
Money transfer app Azimo acquired by payroll and payments firm Papaya Global
The acquisition follows Papaya Global’s $250 million Series D funding round last September.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
New German fintech SaveStrike aims to help millennials invest and save
The upcoming SaveStrike app is designed to make spending, saving and investing more straightforward.
Australian fintech start-up Yondr Money goes crowdfunding to boost growth
The Aussie challenger bank is looking to raise up to $1.5 million through crowdfunding.
ICYMI fintech funding round-up: Archie, Dapio, Finary, Jia Finance, & Zimpler
Our weekly fintech round-up for you to get the latest funding news from around the world.
Charity donation app Toucan acquires fellow start-up DonatePal
DonatePal co-founder Zishan Sheikh will also join Toucan as a board advisor.
Mobile payments firm PM Connect appoints new CEO and CTO
Kevin Dawson has joined as the new group CEO with Sanjay Mistry joining as CTO in June.
Egyptian credit fintech Lucky raises $25m Series A
The cash will go towards cementing Lucky’s position in the market and building out its credit offering.
Waafi Bank gears up for launch with Oracle FS tech
Oracle’s partner JMR Infotech worked on the implementation at Waafi Bank.
New US banking app Swell set to launch in summer
Launching in June, the app combines checking, credit and more into one integrated account.
Lloyds Banking Group to shutter 60 UK branches
Of the 60 closures, 24 are Lloyds Bank branches, 19 are Bank of Scotland and 17 are Halifax.
Why is digital customer onboarding so important in banking?
To offer a competitive onboarding process, most banks will need to acquire a new level of technical flexibility.
