Goldman Sachs partners with Visa for cross-border payments
The partnership aims to streamline the bank’s existing systems for both commercial and corporate clients.
Payments
Dear Luc: Should we ditch the plastic bank card?
This week our writer wonders if we should start ditching plastic cards to be more environmentally friendly.
Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal
The two parties claim the deal will be finalised later this year.
Singapore fintech Nium acquires B2B travel payments firm Ixaris
The transaction is expected to close early in the third quarter of 2021.
Payfare expands leadership team with new CTO and CPO
Kamran Haidari joins as CTO and Braulio Lam will lead product innovation as CPO.
Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mitek acquires biometrics firm ID R&D to integrate anti-spoofing technology
The deal sees ID R&D shareholders receiving $49 million in Mitek stock and cash.
Klarna sways towards US over UK for stock market listing
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Fintech funding deals globally 31 May – 6 June 2021
Featuring Wefox, Bought by Many, Chipper Cash, YieldStreet, and Kushki.
Afterpay user files US class action lawsuit over “huge undisclosed fees”
The user says Afterpay doesn’t educate customers about the bank’s overdraft fees
FinTech Futures Jobs: Three companies actively hiring right now
Exciting vacancies at MSCI, Finastra and Checkout.com. Apply today!
ICYMI funding round-up: Airtm, Cushon, Stake, Clim8, Nordigen & ikigai
A quick summary of this week’s smaller funding rounds.
2021 PayTech Awards hosted by Darren Harriott
Register for the free digital ceremony and networking on 8 July 2021.
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.
eBay split from PayPal for paying sellers comes into effect
In the pipeline for some time, the switch marks a final loosening of a long-term partnership.
FortisPay acquires EpicPay and Change Merchant Systems
US payments firm plans to create a unified platform combining all three.
Video: fintech news pick of the week – HSBC, Klarna & Tandem
Top pick of news from the world of finance and tech in bitesize video format, twice a week.
Fintech funding deals globally 24-30 May 2021
Featuring Circle, Forter, Zeta, PaySend, and Agicap.
Chipper Cash raises $100m in SVB-led Series C round
Africa-focused P2P firm claims to be the continent’s most valuable start-up
Goldman Sachs leads $45m funding round in auto finance specialist MotoRefi
Funding follows strong growth over the last twelve months for US-based company.
Acorns heads for public listing with valuation of $2.2 billion
The US consumer finance subscription service is expected to have a valuation of $2.2 billion.
CNB&T signs Digital Onboarding Inc in plan to boost digital account take-up
The Texas-based bank is the latest signing for a platform that is intended to improve digital account opening rates.
Banking Technology June 2021 issue out now
The only one in the room: why diversity among executives is still a problem
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.
Forter raises $300m in Series F to invest in fraud prevention tech
New York-based firm has raised $525 million in total since 2013 and is now valued at $3 billion.
B2B card specialist Clara gains $30m in Series A funding
The Mexico-based company is planning expansion in Latin America, starting with Brazil.
Belfius Bank adopts OpenSpan’s Mobile Security Suite to protect mobile customers from cybercrime
As cybercrime activity increases steeply, the Belgian bank has extended its relationship with the US specialist.
Klarna shuts app down after users report being logged into random accounts
Klarna CEO Sebastian Siemiatkowski: the glitch is “sad and frustrating”.
FinovateFall Supplement: be part of one of the biggest fintech events of the year
The perfect platform for your organisation to deliver a strong message to engaged fintech professionals.
Dear Luc: Does my fintech firm need ex-bankers to succeed?
This week our writer wonders if they should really be hiring ex-bankers for their executive committee.
Mission Lane acquires Honeydue to launch new debit card product
Honeydue has over 500,000 registered users in six countries and in three languages.
Video: Infosys Finacle on adapting to business model innovation
We talk about how traditional banking models have become disrupted, and how consumer demands need new experiences
Resolve lands $60m to grow buy now, pay later B2B offering
Resolve was spun out from buy now, pay later (BNPL) company Affirm in 2019.
ProducePay raises $43million, searches for “rockstar” CTO
The start-up aims to disrupt the “opaque, fragmented, and dominated by manual processes” fresh produce market.
Customers Bank plans blockchain-based payments with Tassat
US-based Customers Bank aims to tokenise USD payments with Tassat’s tech.
DailyPay raises $500 million of capital “to transform the financial system”
$175 million came from its Series D equity round and $325 million was credit capital from various sources.
Fintech funding deals globally 17-23 May 2021
Featuring Trade Republic, Pine Labs, Figure, DailyPay, and Sunbit.
Privacy.com raises $43m and rebrands as Lithic
Lithic has raised a total of $61m to date and has issued over ten million cards.
Emerging innovations that will define the future of payments
Exploring how the payments industry is moving towards a seamless, transparent and instant future.
Video: Top fintech stories this week – 20 May 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
