US FDIC issues consent order to Thread Bank
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
News, intelligence and resources on the global fintech industry including topics such as outsourcing.
The consent order, effective 21 May, mandates Thread Bank to enhance its oversight of its BaaS programme.
The payments infrastructure firm will use the new funds to fuel product development and customer acquisition.
Haventree serves the Canadian alternative mortgage sector through the broker network.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Financial services professionals discuss what’s next for embedded finance and BaaS.
FinTech Futures takes a look back at five of the top funding rounds to take place over June.
FinTech Futures takes a look back at five of the top core banking stories of the month.
Vancity has selected the vendor’s DEP and CBX solutions to digitise member engagement.
The paytech has been utilising the vendor’s Vault Core offering since 2022.
Bank Midwest says OnePlace.bank will be “a natural progression” of its OnePlace Capital division.
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
Virgin Money says it plans to use Experian’s “full breadth of services” to enhance “all product lines”.
In this podcast episode, we chat with Zac Maufe, Head of Regulated Industries at Google Cloud.
Sandbox Industries’ chief Chris Zock is to join Verituity’s board of directors.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The cuts are in response to “slower than expected revenue growth”.
The microlender will use the core to launch “more traditional lending products”.
The bank is alleged to have “engaged in unsafe and unsound banking practices”.
The funds are to be put to scaling the firm in APAC, US and Europe.
Clearshift is to continue managing the division’s payment and compliance functions.
Moldindconbank is to leverage the vendor’s open banking compliance solution.
The company says the investment will be used to “move to the next level of its development”.
The Copenhagen-based start-up claims to have experienced revenue growth of 53% in 2023.
AlphaSense has raised $650 million in conjunction with its latest purchase.
The performance comes ahead of Raman Bhatia’s instalment as group CEO this summer.
Balderson will work to “strengthen digital options” for the building society’s 14,000-plus members.
BridgeFund will leverage the platform to “expand its account volumes and product offerings”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Kanjlia previously spent 15 years at Capital One, holding several senior leadership positions.
The round values the firm at $1.4 billion, down 30% from its previous valuation of $2 billion in 2022.
The deal also includes additional earn-out sums tied to performance goals.
Nitsopoulos brings over 23 years of experience to the role and joins from US financial services giant PNC.
Forward aims to collaborate with SaaS firms to increase their revenue by “two to three times”.
Our pick of the top fintech news stories this week includes HSBC, XYB, ABN Amro and more.
FinTech Futures takes a look back at five of the top payments stories during May.
Joyce previously advised XYB on its upcoming split from Monese as well as its latest fundraising endeavours.
FinTech Futures takes a look back at five of the top new launches during May.
Adams will succeed Bob Santella following his six-year tenure in the role.
The history of banking software is driven by the march of technology and ever-changing customer demands.
The start-up is aiming to “revolutionise business banking by redefining what ‘fair banking’ truly means”.