T-Mobile launches mobile checking account
With no fees and high interest earning.
News
Payfone raises $24m in round led by TransUnion
Payfone’s Trust Platform and Trust Score to be integrated into TransUnion’s product suite.
Top fintech stories this week – 18 April 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Tcell introduces mobile payments TezSum in Tajikistan
The telecom operator has partnered with Wallet Factory for the project.
NPM Capital acquires 35% stake in Dutch fintech Ohpen
Ambitions to expand to large banks and pension market.
Facebook to drop P2P Messenger payments in Europe
The service will be discontinued in the UK and France on 15 June.
Returnly raises $19m Series B round to help retailers take on Amazon
Former PayPal stars David Sacks and Max Levchin’s companies are on board.
Capital Bank of Jordan selected Backbase for digital transformation
Implementation will be carried out by Backbase and one of its partners, Lisbon-based Bring Global.
Ithala SOC selects Intellect Design to support expansion plans
The system integrator will be Tech Mahindra.
Commercial insurance AI firm Cytora raises £25m
It was led by EQT Ventures.
Ameen Al-Iraq latest addition to Path’s Iraq user base
The Baghdad-based bank has signed for the iMAL core system.
New cryptocurrency exchange eToroX unveiled
The exchange supports six cryptocurrencies and eight fiat stablecoins.
Salary Finance completes $32.8m funding for US push
Sofi co-founder will lead the US branch of the firm.
Kantox completes second debt financing with €5m
The firm saw its first deal with SVB in December 2017.
Credit Kudos works hard for a £2.2m funding round
Led by Ascension Ventures.
Chainalysis targets APAC expansion with $36m Series B funding
Strategic investment from MUFG and Sozo Ventures.
Indian wealthtech Kuvera raises $4.5m
The firm was founded in 2016 as India’s first free-to-use web-based direct mutual fund investment platform.
NCR chosen to support Provident Bank’s digital strategy
Aiming to achieve better capabilities, easy integration with core banking systems and a more intuitive design.
Mastercard acquires Vyze for point-of-sale financing
The ai Corporation has also implemented Mastercard’s Pay by Bank feature.
NBT Bank picks Fiserv to deliver tailored digital banking services
Software development kit enables employees to respond to customer feedback.
Zions’ Bancs conversion project rumbles on
This follows a go-live for consumer lending in May 2017.
Dashlane raises $30m to up password protection
Dashlane is expanding its horizons with new features like password breach alerts and monitoring.
New challenger Xpats kicks off from Mexico
Offering three different tiers of account and services.
Merchant platform Pine Labs acquires Qwikcilver for $100m
Actis is increasing its investment in Pine Labs as a result.
CHL Mortgages picks Jaywing for IFRS 9 monitoring
The provider began work on the project by providing independent model validation to CHL.
Mastercard joins investment round for Singapore AI start-up AIDA
The company plans expansion into Japan and the Philippines.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
New PFM firm Tully takes Brits out of debt
It recently graduated from Accenture FinTech Innovation Lab 2019.
Europe’s biggest IPO of 2019 sees Nexi raise €2bn
Company is now valued at €7.3 billion.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Canadian challenger Mogo merges with Difference Capital
It will give Mogo access to Difference’s technology company portfolio.
White paper: FICO for fintech – Advanced Analytic Services
Find out how fintechs and challenger banks have put a dent in the financial services universe.
Virtual card platform Extend raises $11m
The funding takes Extend’s total capital to $14 million.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
Vision Blue acquires Cardiff-based SamePage
Both firms are happy about how the GDFC deal went.
N26 under German regulator’s microscope
The BaFin has highlighted issues with staffing and communications.
Rapyd and OCBC offer Singapore’s first instant mobile payments solution
Partnership leverages national PayNow transfer service.
Credit Karma closes Noddle acquisition for UK expansion
It will make Noddle’s premium services available for all.
Lemonade valued at $2bn following $300m funding round
Insurance start-up is now eyeing the European market.
Sberbank, Gazprombank and Digital Horizon invest in biometric future
Speech Technology Centre aims to become a global leader.
