Mantl closes $40m Series B funding round
The account-opening fintech aims to continue its rapid growth.
BankingTech
11Onze launches Facebook-style private social network
Customers can also access over 200 informational videos via 11Onze TV.
HSBC launches first multi-asset index driven by AI and big data
AiMAX uses new and historical data to identify assets poised for growth.
Locality Bank picks Nymbus to power new digital-first community bank
The neobank in Florida is launched in response to the “rallying cries” of small businesses.
Fi partners with Federal Bank to launch neobank for millennials
Features include a flexible deposit product and rewards for saving money.
M&A is driving digital transformation across financial services
There’s one clear winner when it comes to the collaboration of banks and fintechs – the consumer.
BMO Harris Bank teams with Hope Trust to trial services for special needs clients
Hope Trust is a tech-based planning service and trust administration platform.
What the Fintech? | S.2 Episode 9 | Keeping up with the Coredashians
EngKok Chong, chief digital officer at Infopro, joins us on this latest episode of the What the Fintech? podcast.
ICYMI funding round-up: Percent, Till Financial, Plooto, Nelo & more
More weekly funding deals which may have flown under your radar.
VTB Bank values ongoing digital transformation at $1.5bn
Russian bank expects change programme to reap rewards in the next few years.
Revolut hires Paroma Chatterjee as CEO India
The UK fintech aims to create 300 new Indian jobs.
Banca Sella and Workinvoice form Italy’s first open banking partnership
The partners will provide end-to-end digital financial services to corporates.
Tinkoff launches Russia’s first digital BNPL service
Dolyame.ru offers interest-free instalment payments for FMCG goods.
Meet Leo: Gen Alpha
Leo is ahead of many banks when it comes to cloud technology.
Banking-as-a-Service: who is it for?
BaaS goes well beyond classic outsourcing models like ITO and BPO.
Webinar: Digital identity verification – reducing friction in online account opening
Hear industry experts discuss digital identity verification and the secret to digital account opening success.
Video: fintech news pick of the week – Santander, Starling & more
A top pick of stories from the world of finance and tech in video format, weekly.
Penta co-founder Jessica Holzbach exits fintech after four years
She exits “at her own request to seek a new professional challenge”.
Saudi Arabia launches new real-time payments system with IBM and Mastercard
The kingdom enlisted the help of IBM and Mastercard for the roll-out.
MVB Bank snaps up majority stake in Indianapolis fintech Trabian
The value of the stake remains undisclosed.
Welcome Tech raises $35m in Series B funding round
The money will go towards expanding Welcome Tech’s portfolio of financial services.
Nymbus lands $15m fresh investment from Financial Services Capital
Core banking vendor has now landed $31 million from the investor.
Development Bank of Wales picks EQ Credit Services for lending
The bank reports a 72% increase in loan customers since 2020.
Why banks need to embrace the new normal
The banking industry’s definition of normal hasn’t been normal for a majority of customers for years.
Santander migrates 60% of IT infrastructure to the cloud
Santander is “very well placed against large European banks”, says the bank’s global CTO.
Path Solutions gains first Ethiopian client in Bank of Abyssinia
Bank of Abyssinia has over 4.6 million customers and 580+ branches and Islamic windows.
SAP spins out financial services operations in deal with Dediq
SAP launches new FSI Unit to deal in financial services, with a 20% stake in it.
Hana Financial Group completes cloud migration with Oracle
South Korean firm shifts 15 million customer accounts off premises.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
The SEC confirms appointment of Gary Gensler as new chair
Gensler joins as the Democrats gain a majority among the commissioners of the US Securities and Exchange Commission.
Video: Top fintech stories this week – 16 April 2021
To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.
TSB taps ApTap to help customers manage bills
Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.
Goldman Sachs settles on Birmingham for second major UK office
Goldman says it picked Birmingham because of its talent pool and proximity to London.
Russian e-commerce giant Ozon acquires Oney Bank in $10m deal
Firm known as “the Amazon of Russia” steps into fintech space.
KeyBank launches digital bank for doctors with new offshoot at Laurel Road
KeyBank acquired Laurel Road in 2019.
Mobiquity hires former BNP Paribas COO Howard Moore
Digital transformation firm plans to expand globally this year and beyond.
MyLife MyFinance goes live on cloud hosted Temenos technology
Australian bank deploys Transact in the cloud with SaaS package.
Innovate Finance CEO Crosswell steps down
Head of industry body to be replaced by COO Janine Hirt.
Minna Technologies recruits Tiama Hanson-Drury as new product officer
Hanson-Drury joins the Minna team from Dynata.
Tide signs deal with RBL Bank to underpin Indian expansion
The UK firm is seeking 25,000 new customers in the country.
