NBA star Russel Westbrook leads $63m investment in Varo Bank
Westbrook also joins the bank as an advisor on communities of colour.
Banking
UK Black-owned challenger Atmen to launch in March
The start-up is now looking to raise £5 million from institutional investors.
Banking Tech Awards 2020 Winner: UBS – Best Use of Cloud
How UBS’s innovative hub helped 60,000 work remotely with virtually no downtime during the pandemic.
Video: Top fintech stories this week – 19 February 2021
FinTech Futures’ weekly news round-up.
What the Fintech? | S.2 Episode 4 | TMRW never dies: digital banking in the ASEAN
Featuring Stuart Smith, head of regional engagement and UX design at UOB’s TMRW Digital Bank.
Marqeta files for IPO with SEC targeting $10bn valuation
The fintech’s current valuation sits at $4.3 billion.
Jamaica Co-operative Credit Union League picks ERI for core banking
25-member group to replace legacy tech with ERI’s Olympic.
Baptist Health Federal Credit Union picks Finastra system
Healthcare-supporting FCU revamps digital channels.
FinTech Futures presents Dock – a virtual roundtable experience
Take part in Dock on 18-19 May to discuss the industry’s pertinent problems and find the solutions.
FDIC appoints Neocova’s Sultan Meghji as first chief innovation officer
The US agency is aiming to boost innovation among banks and credit unions.
Banking Tech Awards 2020 Winners Supplement out now
Showcasing the most impactful and innovative projects, products, services and people in fintech in 2020.
Personetics raises $75m from Warburg Pincus
Data analytics and customer engagement firm plans expansion with new funding.
Jeremy Balkin calls time on HSBC US innovation role
Balkin leaves his post after six years with the bank.
Three things banks must do to thrive in 2021
It is the banks who invest now and execute effectively, that will come out on top.
The US market: are EU-based challengers coming to rustle up some feathers?
A deep dive and step-by-step comparison of US banks’ and EU challengers’ capabilities.
MoneyLion set to go public via $2.9bn Spac deal
The fintech anticipates year-over-year growth of around 88%.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
Monzo appoints Carol Kobuke Nelson as new US president and CEO
Nelson spent 23 years at Bank of America.
Is 2021 the year to inspire better banking?
Sanat Rao says the time is right to invest in back-end systems change.
BNY Mellon to finance crytpo and signs Google Cloud deal
The bank cites “growing client demand for digital assets”.
US core banking vendor Nymbus lands $53m top-up led by existing backer
Nymbus is gearing up to launch “Nymbus Labs”.
How brands are becoming the banks of tomorrow
To understand what the bank of tomorrow looks like, we must first understand how they developed.
San Fran fintech Zeta lands $1.5m for couples banking
Currently, the start-up makes money on partial interchange fees.
BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake
Southwestern US bank picked SilverLake after feedback from its peers.
Banking Technology February 2021 issue out now
The roaring 20s.
Challenger Climate First Bank to launch in Florida’s Tampa Bay Area in Spring
The start-up wants to become a full-service community bank.
NCR acquires digital onboarding start-up Terafina
Terafina marks NCR’s third acquisition this year.
Tech CU picks Backbase to revamp digital processes
Silicon Valley-based institution looks to the future with digital vendor.
New direction, same destination for ISO 20022
Despite the extra time, there is little scope for market participants to relax.
Webinar: How to stop massive mobile banking fraud with app security and risk-based authentication
Approaches to eliminate the impact of fraud threats and strategies to protect mobile device users.
Fintech funding deals globally 1-7 February 2021
Featuring Stash, Built, LeaseLock, Valon Mortgage, and Metromile.
Bottomline Technologies acquires TreasuryXpress
The US firm is expanding its treasury tools for corporates.
Texan digital challenger Fair set to launch in Spring
This month, the start-up opened its waiting list.
How to optimise your digital account opening process
If banks want to start 2021 on the right foot, they can start with these five steps.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
Santander’s profits down 35%, but Botín bets on vaccine for 2021
“Vaccination is the most important economic policy for 2021,” says Botín.
First Horizon Bank picks Finxact’s cloud-based core
First Horizon to deploy Finxact in its subsidiary brand VirtualBank
Crypto exchange Gemini furthers banking play with savings accounts
Rates of up to 7.4% annual percentage yield (APY) will apply.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
