Trading technology firm DriveWealth secures $450m Series D funding
Fintech will use the funds for continued product and service expansion and additional hires.
API
Standard Chartered Bank Korea adopts OpenLegacy API technology
SCB Korea is looking to overhaul its technology as part of its digital transformation.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Why banks and fintechs need to be strategic with digital transformations
Here are a few tips to consider when developing a strategy for digital transformation.
Extended deadline announced for Banking Tech Awards 2021
The new nomination deadline for the Banking Tech Awards 2021 is 20 August.
Financial infrastructure firm Prime Trust secures $64m Series A funding
Las Vegas fintech looks to continue its growth and expand into new markets.
Cuscal picks BHMI’s Concourse to support upcoming NPP initiative
PayTo will look to enhance the current NPP payments system.
Card issuing platform Lithic secures $60m Series C funding
The raise follows hot on the heels of its $43 million Series B in May.
Rapyd raises $300m in Series E funding round
The financing follows a $300 million Series D round earlier this year.
ICYMI funding round-up: Cobee, Sila, Vincent, WhenThen, Clara & more
Another batch of funding rounds that might have flown under your radar.
Vestwell lands $70m Series C round co-led by Wells Fargo
Series C takes Vestwell’s total funding to around $112m over four rounds.
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Payments platform Dwolla secures $21m investment
Dwolla’s last venture funding round resulted in a $12 million raise in 2018.
Verizon and Mastercard forge partnership to bring 5G capabilities to payments
Internet of Things (IoT) sensor connectivity will be combined with near real-time edge computing.
White House backs US open banking reform
The Biden Administration is looking to tackle the slow progress of open banking in the US.
ID verification firm Trulioo announces four new payments partnerships
The company has partnered PayDo, Pollen Technologies, Sokin and XanderPay.
FortisPay appoints three new execs amid C-suite shake-up
The fintech firm has announced a new CEO, CFO and chief integration and information officer.
Railsbank lands $70m investment to drive global expansion
The round follows a $37 million fundraise in November last year.
State of play: digital banking platforms
Selecting the right digital banking platform is a lengthy process that requires careful consideration.
LoanPro lands $100m Series A round led by FTV Capital
The Utah-based company says the funds will be used to further invest in growth
ICYMI funding round-up: Toqio, Coincover, AREX Markets, Lidya & more
Another batch of funding rounds that might have flown under your radar.
Who’s banking on APIs?
How proactive have UK banks been with their API strategy?
Codat raises $40m in Series B funding round
The UK-based firm plans to expand its US presence and boost hiring.
ICYMI funding round-up: Zeepay, Aliaswire, Daylight, Neon & more
Another batch of funding rounds that might have flown under your radar.
Orum lands $56m in Series B funding round
The firm claims it has now raised over $82 million in total.
Blockchain data platform Chainalysis raises $100m in Series E round
It says it will use the funds to “execute its vision as the blockchain data platform for cryptocurrency”.
Architecture heads at Deutsche Bank and JP Morgan leave months into their jobs
John Smith and Gavin Leo-Rhynie depart from major banks.
Data’s open road…
Has open banking delivered on its promise of driving innovation and competition?
Visa to acquire open banking platform Tink in €1.8bn deal
Visa hopes to “help accelerate the adoption of open banking in Europe”.
Annual APIs and Integration Report – 2021
The state of APIs, integration and microservices, according to 950 IT executives.
BaaS start-up Unit raises $51m in Series B round
The company also announced the launch of its new service Unit Go.
Low-code development and BaaS APIs: is this embedded finance’s hockey stick moment?
Low-code development and BaaS could combine to offer all (or parts of) the banking stack as-a-service.
Super intelligence as the future of financial services
A summary of the key insights from the Huawei Intelligent Finance Summit 2021.
ICYMI funding round-up: Upflow, TRM Labs, Booste, Crediverso & more
A heaping helpful of funding rounds from this week to get your teeth into.
Nityo invests $100m in Singapore embedded finance fintech MatchMove
The US-based firm will also become the largest shareholder in the company.
Five trends driving the future of the middle office
The middle office is a work horse that handles business-critical operations, yet is reliant on dated technology.
ICYMI funding round-up: Airtm, Cushon, Stake, Clim8, Nordigen & ikigai
A quick summary of this week’s smaller funding rounds.
Case study: Driving outcomes and getting value from production when security is paramount
Modulr uses the full Tyk API Management platform to securely and seamlessly form a layer in front of the Modulr API.
ICYMI funding round-up: Accelex, Pento, Fraudio, Curve & more
With the ever fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
