Finance super-app M1 deploys Thought Machine’s Vault Core
M1 will deploy Thought Machine’s Vault Core to launch products from one unified, coherent “source of truth”.
FinTech
BNPL giant Klarna to cut 10% of workforce amid “tumultuous year”
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
Jack Ma’s Alibaba and Ant Financial leave Paytm Mall
The Indian firm’s valuation fell from $3 billion in 2020 to $13 million now – a drop of almost 99%.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
Payments network TransferMate hits unicorn status after $70m funding
TransferMate will use the funding to expand its teams globally and develop its technology and product offering.
How CBDCs will transform the way India transacts
The proposed implementation of CBDCs will completely change how the country perceives money.
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
Payments infrastructure firm Xendit lands $300m Series D round
This latest round brings Xendit’s total funding raised to date to $538 million.
SpotOn bags $300m Series F at $3.6bn valuation
SpotOn has raised $928 million in funding to date.
Hong Kong’s Planto partners NZ fintech Cogo to promote sustainability
The new software will enable consumers and small businesses to view their daily carbon footprint.
Allegacy FCU taps enterprise tech provider NCR for data analytics solution
Allegacy FCU says partnership will “make data actionable, unlock predictive insights and drive innovation”.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
Embedded banking models and the rise of Service-as-a-Bank (SaaB)
It’s high time that banks and credit unions stop seeing competition only as a threat.
FinTech Futures: Top five stories of the week – 20 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Your fintech job might change in the future
Workplace policies of your employer might well be affecting how long you see yourself sticking around in your job.
MarketFinance raises debt financing from Deutsche Bank
The company says the funds will be used to provide up to £100 million in lending to UK SMEs.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Finovate Spring 2022: Starling CEO Anne Boden on what big banks can do better
Starling Bank CEO Anne Boden delivered a keynote speech at the Finovate Spring conference in San Francisco.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
Dutch BNPL fintech in3 lands $85.3m Series B
In3 CEO says the funding is “testament to the scale and growth of our proposition in the BNPL community”.
KPMG UK hires Crypto UK exec to bolster digital asset services
KPMG UK says the hires will allow it to offer clients “additional high calibre expertise”.
Europe fintech funding round-up: Findity, Recognise Bank, Moneybox, Circit & Klarpay
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Ophelos partners Plend for ethical debt resolution
Ophelos’ machine learning platform will enable Plend to support customers in debt with “fair” payback options.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
UK challenger Atom hires Andy Sturrock as CTO
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
CommBank-backed money app Kit enters trial phase
Kit is available in trial mode to 5000 people living in Australia.
Finovate Spring 2022: The changing landscape of financial services
Digital innovation is one of the key talking points at this year’s conference.
Finbourne Technology hires Robert Byrne as CTO
The appointment follows the company’s recent expansion into North America and APAC.
BaaS start-up Unit raises $100m Series C, reaches $1.2bn valuation
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Now is not the time
Now is the only time. And every time you say ‘not now’ you make everything that little bit harder for your future self.
Embedded payments platform Modulr raises $108m Series C
Modulr will use the funding to expand its geographic footprint and become a “pan-European payments champion”.
Nude partners GoCardless to deliver VRP inter-account payments
Via the GoCardless network Nude will be among the first in the UK to leverage Variable Recurring Payments (VRP).
Mastercard partners Dreams for sustainable banking solutions
The two firms aim to develop digital banking solutions that will help banks tackle climate change.
Tide partners Sage to offer new tax and accounting product
Tide says its new offering will reduce the “time and stress of traditional accounting” for its customers.
Hawaii State FCU taps Lumin Digital to enhance banking services
Hawaii State FCU will go live on Lumin Digital’s platform in June 2022.
Paying it forward: how Zirtue aims to remove the stress from relationship-based lending
FinTech Futures speaks with Zirtue co-founder and CEO Dennis Cail about tackling predatory lenders.
Fintechs need to take the lead on mental health
Fintech firms cannot disregard the risk of poor mental health among their workforce as ‘just part of the role’.
White paper: Digital lending – how technology transforms banks
A step-by-step overview of digital lending transformation in banks, brought to you by HES FinTech and FinTech Futures.
White paper: How to select a digital lending solution – the ultimate guide
Answering some of the key questions lenders ask when choosing a software vendor for their lending automation product.
Report: Northern Ireland fintech – leaders in ESG
A deep dive into how Northern Ireland became a pioneer in the advances of fintech, regtech and ESG.
