M1 Finance completes $75m Series D funding round
Chicagoan “super app” gains new funding just months after last round.
Banking
Banking’s long road to BaaS
The opportunity for BaaS is huge and compelling, but the journey to get there is long and complex.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
Women in fintech: “Aggressive” feedback, revealing audits and dress up comments
Women in fintech share their experiences of gender bias.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
KYC: a revolution towards positive change
I realise I had to work twice as hard to break through some of the glass barriers, perceptions and biases.
Banking Tech Awards 2020 Winners: Strands – Best Open Banking Solution
Opening up banking and account aggregation services.
Flagstar Bank suffers data breach as employee data posted online
A zero-day vulnerability left Flagstar’s data exposed to cybercriminals.
Minu raises $14m to provide on-demand salary payments in Mexico
Minu has raised $20 million since 2019, and plans an expansion in its home country.
Looking after the health of your ATM fleet in a futuristic way
Setting a new standard for banking self-service solution performance.
Women in fintech: Skewed numbers, vain assumptions, and investor bias
FinTech Futures has gathered insights from women across the global fintech industry.
Canadian Western Bank deploys new Temenos SME product
CWB extends a partnership with Temenos that stretched back to 2012.
Tackling unconscious gender biases in wealth management
Yaela Shamberg, co-founder and CPO at InvestCloud shares her thoughts on gender equality.
Banking Tech Awards 2020 Winner: Infopro – Best Core Banking Solution Provider
Infopro Digital Banking “moves core banking into the next generation”, says CEO
What the Fintech? | S.2 Episode 6 | Open banking on the loose
Discussing all things open banking with Pablo Reyes, director of technology at Strands.
Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
FinTech Futures Industry Survey & Report 2021
A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.
Trulioo hires new CTO in OpenText’s Hal Lonas
Lonas joins to spearhead the firm’s product development.
“Cloud first” emerging at the heart of end-to-end transformation
81% of FIs future-proofed their technology infrastructure by moving to the cloud, 63.6% reduced cost.
Stori raises $32.5m in Series B funding
The round was led by Lightspeed Venture Partners.
American Business Bank picks Teslar Software to refresh commercial lending
The Los Angeles bank says it wanted a “forward thinking” partner.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
Square finally launches bank after filing first application in 2017
Previously, Jack Dorsey’s fintech partnered with Celtic Bank for banking products.
Goldman’s consumer head Omer Ismail leaves for Walmart’s fintech venture
Ismail architected the firm’s move into consumer digital banking.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
Brex raising at $8bn valuation following banking licence application
Tiger Global Management is reportedly backing the round.
Black-owned First Boulevard bank secures $5m ahead of its official launch
Part of its goal with the new capital involves building out a Black business marketplace.
Video: Top fintech stories this week – 26 February 2021
FinTech Futures’ weekly news round-up.
The big fight: banking vs technology companies
In over 30-years of banking, I have never seen a more complex and competitive landscape as there is now.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
Banking Tech Awards 2020 Winner: AFS – COVID-19 Response by Fintech
An innovative approach to urgently find solution to accommodate the US government’s Payroll Protection Program.
What the Fintech? | S.2 Episode 5 | Rising to the top
Featuring Alexandra Boyle, head of strategic client group for Europe at OpenFin.
Report: The power of data analytics in fintech solutions
A deep-dive industry report focused on the priorities and use of data analytics at financial institutions.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
US fintech for gamers Zytara signs payments partnership with i2c
The deal follows Zytara’s launching of its own stablecoin.
HSBC explores options for loss-making US arm as profits dip 34%
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
US corporate card provider Brex applies for banking licence in Utah
SVB’s former chief digital officer Bruce Wallace will head up Brex Bank.
A seven-year-old tells us what we (should) already know about banking
Your customers aren’t seven-year-olds, but they probably want a lot of the same things.
