Stripe appoints Microsoft’s James Phillips as new president of financial services
James Phillips joins Stripe after a decade at Microsoft.
Platform-as-a-Service/PaaS
ICYMI fintech funding round-up: Gotrade, lemon.markets, Unifimoney & Gaviti
Our weekly fintech round-up for you to get the latest funding news from around the world.
Platformification: a reality and strong value add
How platformification benefits the financial institution and end customer alike.
Chat commerce platform Clickatell raises $91m Series C to boost expansion plans
Clickatell says chat is the largest digital platform in the world, with 7.7 billion users.
The urgency needed for banks to enter the BNPL space
Banks have an opportunity to get ahead in the BNPL space as authorities introduce new regulations.
Finance management platform Rho raises $75m in Series B round
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
Canadian card and spend management fintech Float raises $30m in Series A
This latest financing round brings Float’s total funding to date to around $34 million.
ID verification firm Socure valued at $4.5bn following $450m Series E round
The fintech plans to use the cash to develop new products, enter new markets and hire more staff.
Paytech start-up Extend raises $40m in Series B round
The New York start-up wants to modernise the payments industry “from the inside out”.
What the FinTech? | S.2 Episode 22 | Let’s talk about SaaS
Michel Breeuwer, general manager for the Benelux and Baltics at Mambu, joins us on this week’s episode of the What the FinTech? podcast.
Payments fintech Highnote emerges from stealth with $54m funding
The card issuing platform will help SMEs compete with ecommerce giants like Amazon.
Aussie fintech Airwallex secures $200m Series E funding at $4bn valuation
The company has now raised more than $700m in total capital.
MODIFI tops €100m valuation with €20m Series B funding
Start-up plans to grow its trade finance platform into a global trade management hub.
B2B payments platform Melio lands $250m investment at $4bn valuation
The firm says the Series D capital will be used to accelerate its expansion through partnerships.
DevOps platform Copado lands $140m funding
The firm plans to use the cash raised to expand its testing software.
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
SEC threatens suit over Coinbase crypto lending product
Coinbase’s CEO and chief legal officer admonish US markets regulator over lack of clarity.
Trade surveillance fintech Eventus secures $30m Series B funding
Eventus will use the Series B cash to continue its growth.
Railsbank hires Stuart Gregory as new chief product officer
Gregory joins from fintech firm Wise, having previously worked for Paysafe and Visa.
Fintech software firm Veritran hits $225m valuation with Trivest investment
Veritran’s enterprise low-code platform facilitates billions of transactions annually.
Goldman Sachs hires AWS exec to boost asset management division
Kamlesh Talreja joins to improve client experience for Goldman clients.
Payments platform Dwolla secures $21m investment
Dwolla’s last venture funding round resulted in a $12 million raise in 2018.
Railsbank lands $70m investment to drive global expansion
The round follows a $37 million fundraise in November last year.
White paper: Back to the future – 8 features of fast and future-proof BNPL technology
Discover the tools you need to get ahead and stay ahead as BNPL grows its market share.
BaaS start-up Unit raises $51m in Series B round
The company also announced the launch of its new service Unit Go.
Morgan Stanley signs cloud partnership deal with Microsoft
Deal forms part of the US bank’s multi-cloud strategy.
Treasury Prime raises $20m in Series B cash to fuel BaaS expansion
The firm anticipates a rise in demand for its services in 2021.
The end to end benefits of cloud first transformation
Cloud has become a go-to technology for many in the financial services industry.
Unit raises Series A funding to offer banking intergration
The start-up has raised a total of $18.6 million to-date.
UK BaaS Railsbank lands $37m for US credit expansion
“Railsbank [is] set out on a mission to be a truly global platform.”
Standard Chartered signs five-year cloud deal with AWS
The bank deepens its relationship with cloud hosting giant.
Destination public cloud
It is estimated that global public cloud revenues will grow by about 17% this year.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
HSBC signs multi-year cloud deal with AWS
Amazon Web Services is to become a “long-term strategic partner” for HSBC.
FNZ and State Street collaborate on wealth management servicing venture
FNZ will acquire a majority stake in State Street’s Wealth Manager Services business.
OakNorth partners with major US lender PNC Bank
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
