US fintech Glia acquires chatbot platform Finn AI
With the acquisition, Glia aims to make virtual assistants “mainstream” for financial services companies.
With the acquisition, Glia aims to make virtual assistants “mainstream” for financial services companies.
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
Upon closing, the bank will be renamed VersaBank USA National Association.
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.
Nuula provides financial products and services to small business owners.
A handy round-up of the recent funding endeavours of fintech companies across North America.
Through the partnership, the firms will deliver a new digital banking platform in North America.
The news follows a string of layoffs in the fintech space in recent weeks.
Canadian Tire Bank is looking to replace its legacy systems and modernise its operations.
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
The round was led by Valar Ventures, with new and existing investors also participating.
This week’s funding round-up includes three North American fintechs – CoreChain, OneVest & Crowdz.
The facility will be used to provide personal loans to people with limited credit history.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
The round, led by Vistara Growth, saw participation from Bluesky Equities, Tribune Capital and Rising Tide.
The one-year initiative will form part of the central bank’s research into digital currencies and fintech.
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
The firm says the investment is one of Canada’s largest fintech funding rounds.
Paystone CEO Tarique Al-Ansari says the deal will “provide additional value to CPS merchants”.
Together, Zafin and Fincad will become “one of Canada’s largest B2B fintech companies”.
Canalyst says it wants to be “the new fundamental dataset of record”.
Ramsbacker will be developing intelligent workflow systems designed to maximise verification rates.
The acquisition fast tracks the FundThrough’s expansion efforts in the US market.
NetCents says Atash will have executive oversight to ensure that all key performance metrics are met.
BMO describes the acquisition as the “natural next step” in its North American growth strategy.
Nicholson moves from rival Canadian digital bank Tangerine.
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
Tipalti says new funding places it “among the most valuable private fintech companies in the world”.
All eligible accounts will be transferred to Moneyfarm in January.
The payments processor has seen a sharp increase in volumes in the last 18 months.
Andreasen’s departure follows 15 years at the Danish bank.
The launch comes amid frustration at the slow pace of open banking in Canada.
Deal stems from partnership between BankBI and Canadian credit union solutions firm Celero.
This latest financing round brings Float’s total funding to date to around $34 million.
The cash will go towards product development, hiring new staff and investing in marketing and sales.
This two-day virtual event will bring together financial services and fintech innovators.
New funds will be used for further product development and to grow its team.