ICYMI fintech funding round-up: Anfin, Hubuc, Intix, Pluto, Upswing, & WALO
Our weekly fintech round-up for you to get the latest funding news.
BankingTech
UK fintech funding round-up: Delio, Detected, Kolleno, Nosso, Strabo, & Yimba
A handy round-up of the recent funding endeavours of UK-based fintechs.
TSB strengthens relationship with cloud intel firm Dynatrace in digitisation push
Dynatrace provides software intelligence to simplify cloud complexity and accelerate digital transformation.
Ireland’s An Post partners Tink to provide money management services
Tink’s technology provides insights to help An Post customers improve their financial health.
Banking infrastructure provider LHV UK taps Tuum for core banking tech
Tuum is a banking customer of LHV UK, and now LHV UK has become Tuum’s tech user.
What happens after you leave the room?
Alignment is an ongoing dialogue that continues long after you’ve left the meeting room.
Banking Tech Awards 2022 now open for nominations
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Lloyds partners fintech Bink to create unified customer loyalty programme solution
Lloyds has also made an equity investment for a minority stake in Bink.
Mastercard, Pine Labs and DBS Bank to roll out BNPL credit card offering
The solution will be available on all DBS Mastercard, Visa and American Express credit cards.
Canada’s TD Bank snaps up First Horizon for $13.4bn in US expansion push
The combined entity will become a top six US bank, serving 10.7 million customers across 22 states.
Westpac appoints Damien MacRae to lead new BaaS business
Westpac’s BaaS offering was built in partnership with 10X and integrates 30+ various tech services.
Payment platform Cheddar acquires Upside in open banking move
Upside’s open banking product will be added to Cheddar’s free payment offering.
Volopay raises $29m in equity and debt for international expansion
Volopay is “building the control centre for modern companies for all their financial management needs”.
Aussie banking app Douugh taps TrueLayer for open banking data access
Australia’s Consumer Data Right framework enables the sharing of customer data between banks and fintechs.
Five ID verification predictions for 2022
ID verification experts take a look at the top industry trends for 2022.
Vietnam’s HD Bank selects Thought Machine for core banking platform upgrade
HD Bank’s multi-year transformation will initially consist of upgrading its core platforms and internal workflows.
BNY Mellon first GSIB to integrate Chainalysis crypto compliance software
BNY Mellon is building a multi-asset digital custody and admin platform for traditional and digital assets.
TSB partners ID verification firm Onfido to streamline onboarding process
TSB says customers can now open accounts and access mobile banking in 10 minutes.
South African banking heavyweight Capitec appoints CTO, Andrew Baker
Andrew Baker had a lengthy tech career at Barclays Africa and its successor, Absa.
CIBC invests in start-up Pollinate; launches paytech service for Canadian SMEs, Tyl
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
U.S. Bank partners Microsoft for cloud banking tech upgrade
Microsoft says financial services organisations need to become more digital to meet customer demands.
Indian neobank Niyo lands $100m Series C to boost product development
Niyo CTO says: “We are seeing massive tailwinds for digital financial products since Covid-19.”
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
GB Bank taps TruNarrative for fraud detection and customer onboarding
GB Bank says the partnership will reduce friction in customer journeys and enhance its risk mitigation.
Squirro signs European Central Bank, buys open.exchange, raises $4m
Zurich-based Squirro has raised $4m in equity funding from capital investment firm BuildGroup.
Banking on spreadsheets
Banks and fintechs need to step up their game to serve customers better when it comes to money management.
A banker goes a-banking, volume 8: the grateful dead
I’ve recently had some trouble proving to my bank that I am, in fact, alive.
Alabama’s Community Spirit Bank selects CSI’s NuPoint core banking system
Community Spirit Bank has five branches throughout northwest Alabama and northeast Mississippi.
Virgin Money revamps customer onboarding with HooYu
Virgin Money implements a new account opening journey for its customers.
SME banking provider Tide loses UK CEO
Laurence Krieger has stepped down after five years with the UK-based fintech.
Fintech momentum is growing in Cyprus, but challenges must be resolved
The fintech scene in Cyprus is growing rapidly, but there are still some hurdles to overcome.
Seven ways “saving” has changed during the pandemic
Seven changes we’ve seen during the pandemic that will drive long-term changes for savings providers.
White paper: Frictionless cross-border payments – alternatives to correspondent banking
Volante and Aite address the importance of capitalising market opportunities in this free white paper.
Core banking tech vendor Technisys acquired by SoFi Technologies
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
Extended deadline announced for Banking Tech Awards USA 2022
The new deadline for nominations is now Friday, 4 March 2022. Apply today!
Magyar Bankholding signs Thought Machine to launch new digital bank
Hungary’s second largest bank plans to launch a new retail digital bank.
ING’s chief data officer steps down
Aniruddha Paul spent 15 years in various senior roles at ING.
Fintech funding deals globally 14 February – 20 February 2022
Featuring Neon, Flutterwave, RapidRatings, Spotter and Genesis.
Askari Bank taps Hysab Kytab for personal financial management tech integration
The integration of the PFM solution forms part of the bank’s ongoing digitisation strategy.
Permanent TSB heads to the cloud with Kyndryl
Permanent TSB recently invested €150m in enhancing its IT systems and digital capability.
