Brazilian fintech Neon raises $80m to support credit portfolio expansion
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
The firm will leave the retail banking market in the country before the end of 2022.
The acquisition is expected to close in the next few weeks.
Goal-based financial planning features will be made available to Rabobank’s customers.
Pismo and OneConnect entered into a strategic partnership in April this year.
Galina will be responsible for Curve’s product roadmap and strategy as it looks to boost its presence in the US.
Cash will go towards doubling the company’s headcount and expanding into new markets.
A new cartoon by Ian Foley illustrating why fintechs should view risk management as a core competency.
Arvest says it plans on overhauling its current IT systems, including migrating its data centres to Google Cloud.
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Jade ThirdEye will upgrade the firm’s existing transaction monitoring solution.
John Gallagher joins as one of three new leadership hires at the firm.
Atram’s new digital wealth management platform will utilise additiv’s orchestration engine, DFS.
The offering is targeted towards those with salaries between £40,000 and £150,000.
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Investors include Morgan Stanley’s Next Level Fund and Mastercard.
CEO Colin Walsh says the firm is “not immune to the impacts of our current environment”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The CFPB has fined the bank $100 million, while the OCC has separately issued a $125 million fine.
Lopushanski will work to strengthen the bank’s IT, digital and data security defences.
The new combined solution will allow clients to issue, transfer and securely keep regulated digital assets.
The RBI believes cryptocurrencies have a “destabilising” effect on a country’s monetary and fiscal stability.
Mahalo Banking provides online and mobile banking solutions for credit unions.
Pramod Perumparambil will drive the company’s strategy to accelerate business growth.
Feedzai’s RiskOps platform will help strengthen the security of ARBM’s upcoming digital bank offering.
The Series B round was led by an undisclosed “global fintech investor”.
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
The platform will allow users to make payments anywhere in the world.
The solution leverages analytics, AI and cloud to deliver “instant” credit decisions to support digital lending.
Starling says it will take its software to banks worldwide through its SaaS subsidiary, Engine.
The Series D equity raise, led by Exor, represents Europe’s largest proptech financing to date, Casavo says.
Tavares has more than 20 years worth of experience across technology and engineering.
The Series B round was led by Google Analytics co-founder Wesley Chan’s new fund FPV Ventures.
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Booe previously spent over 27 years at FIS as the firm’s deputy chief compliance officer.
The company plans to use the fresh capital to grow its team and extend its product offerings.
BPC’s SmartVista solution will enable NanoPay to better protect its credit card customers.
The acquisition will help build out Flywire’s existing education business.
The firms say the move will enable banks to embed FX services “directly” into corporate and branch channels.
ClearBank has worked with Kroo since 2019 in its journey towards becoming a fully regulated bank.