US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Green Dot has been anticipating the arrival of the consent order since February.
Payments
US fintech Coast bags $40m Series B for product, partnership and team expansion
The fintech will apply the funds to “accelerate its product and partnership development”.
B2B paytech Slope lands $65m equity and debt funding led by JP Morgan
Following the investment, Slope will join the JP Morgan Payments Partner Network.
CFPB proposes new rule to include payday advances under Truth in Lending Act
The fees associated with payday advances must be accompanied by the appropriate consumer disclosures.
Cash App to exit UK as Block scales back international expansion plans
Block is currently focused on “growing within the US, not expanding into new markets”.
Video: Nationwide at Money20/20 Europe – AI and multi-cloud architectures
Nationwide’s Otto Benz discusses the intriguing intersection between multi-cloud architectures and AI.
FinTech Futures: Top five news stories of the week – 19 July 2024
Our pick of the top fintech news stories this week includes HSBC, Stripe, the FCA and more.
Meridien Holdings acquires stake in FX liquidity firm DKK Partners to bolster plans for NYSE listing
The US-based holding company says it has “set fourth its plans to list on the NYSE”.
Brazil’s Matera lands $100m investment from Warburg Pincus
Warburg Pincus will reportedly gain a minority stake in Matera following its investment.
Merrco Payments rebrands to KORT Payments with new managing team led by Paysafe founders
The rebranding comes after Merrco’s successful capital raise in June.
Video: Tribe Payments at Money20/20 Europe – Hyper-personalisation in fintech
Tribe Payments’ Lynda Clarke talks big data, hyper-personalisation, and the continued customisation of fintech.
US fintech start-up Estu launches new financial services app for students
The app comprises financial, social and academic functionalities.
Digital challenger Inter promotes SVP Alexandre Riccio to Brazil CEO
Riccio has been tasked with overseeing “an even more intense drive to deliver results”.
Invisible threads: The unassuming tech powering our lives
With technology, success is always built on top of prior innovations and lessons learned.
Sequoia Capital reportedly offers Stripe investors share deal as fintech valuation tops $70bn
The firm is said to have made the offer through an email sent to LPs this week.
Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding
Partior was founded as a joint venture between JP Morgan, DBS Bank and Temasek in 2021.
Diamond Credit Union partners Tyfone for nFinia digital banking platform
Diamond was a longstanding client of Cubus Solutions, which Tyfone acquired in 2023.
Banking Technology Magazine July / August 2024 issue out now
Cover story: MONEY TALKS – Cash still playing an important role in society.
ICYMI fintech funding round-up: Lemon.markets, Trustap, Adfin, Accend and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Skipify names former Airbnb Payments chief Sam Shrauger as new COO
Shrauger previously served as CEO and chairman of Airbnb’s US payments arm for over four years.
Malaysia’s Affin Bank partners ACI Worldwide for business payments platform
The bank is leveraging the ACI payments platform to realise a “75% efficiency boost”.
Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments
Azqore previously selected Volante to accelerate its ISO 20022 adoption programme in 2022.
Visa and Mastercard to extend inter-regional interchange fee caps in the EEA until 2029
The payments giants originally agreed to the caps to settle an EU antitrust investigation in 2019.
Netevia secures up to $120m in debt financing from WhiteHorse Capital
The fintech plans to use the funds to “complete key acquisitions” and “rollout new products”.
Video: Endava at Money20/20 Europe – The evolution of B2B payments
Endava’s Scott Harkey highlights the latest technological advancements that are revolutionising B2B payments.
FinTech Futures: Top five news stories of the week – 5 July 2024
Our pick of the top fintech news stories this week includes Revolut, BlackRock, Project Nexus and more.
Join us as a judge for PayTech Awards USA 2024!
The prestigious PayTech Awards USA 2024 has a limited number of seats on the judging panel available.
Video: Highlights from the PayTech Awards 2024
Watch the highlights from an incredible afternoon celebrating the best and brightest in payments technology.
Payments Canada concludes search for new CEO with Susan Hawkins appointment
Hawkins has served as a member of Payments Canada’s board since 2020.
Demystify Podcast: Demystifying international payments with Eddie Harrison of Navro
In this podcast episode, Dave and Dharm chat with Eddie Harrison, co-founder and CPO of Navro.
US fintech start-up Rainforest lands $20m Series A led by Matrix Partners
Rainforest says it provides embedded payment processing tech “purpose-built for software platforms”.
US start-up Arrow emerges from stealth aiming to streamline healthcare payments
To support its launch, Arrow raised $110 million in a Series A round in May 2022.
Video: FinovateSpring 2024 – what’s hot and what’s not in fintech
We ask three industry professionals what’s hot and what’s not in the fintech sector this year.
US start-up Payabli raises $20m in Series A funding round led by QED Investors
The payments infrastructure firm will use the new funds to fuel product development and customer acquisition.
The rise of instant payments: protecting consumers from criminals in 10 seconds
How can financial institutions strike a balance between speed and safety with instant payments?
Celebrating excellence in the payments industry: PayTech Awards 2024 winners announced
Take a look at all the winners and highly commended from this year’s PayTech Awards ceremony!
Video: Amdocs at Money20/20 Europe – Bridging fintech’s personalisation divide
Amdocs’ Bentzium Aviv discusses how emerging technologies are powering the pursuit of personalisation.
FinTech Futures: Top five news stories of the week – 28 June 2024
Our pick of the top fintech news stories this week includes Klarna, iBusiness Funding, Norm Ai, Nubank and more.
June 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories during June.
Frost Bank in Texas taps Finzly for instant payments
The San Antonio-based bank has deployed the vendor’s single API instant payments platform.
