Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
North America
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Platform9 targets global growth with $25m funding
The firm helps companies run cloud-native infrastructure at scale.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Wealthfront acquires robo advisor Grove
California-based, Wealthfront, is acquiring financial planning fintech Grove for an undisclosed sum
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
MoneyGram hits back at consumers and investors
The paytech company says it “can’t make everybody happy”.
Is your fintech brand an awkward teenager?
From unpredictable growth spurts and occasional breakouts, to sleeping in.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
booyah! bank blasts off in US
It’s backed by FDIC member, Surety Bank.
New US banking service launches for international students
The account is designed to make life easier for new arrivals.
N26 officially launches in the US
The challenger bank has also introduced a new sub-accounts feature.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Student lender MPOWER secures $100m from Goldman Sachs
Goldman Sach’s total loan financing capital for MPOWER is $200 million.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
Credit union NEFCU chooses Fiserv for digital transformation
NEFCU has more than $3 billion in assets.
JRNI closes $6m Series C extension and appoints new CTO
The new capital will go to US acceleration and European markets.
Mortgage start-up Better.com closes $160m Series C
The fintech has seen rapid growth since its 2016 launch.
Acorns enlists more celebrity help to boost growth
J.Lo and Alex Rodriguez are among the investors.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
Fintech start-ups showcased at Y Combinator Demo Day
Concepts ranged from crypto fraud tracing to student finance.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
ICE’s Bakkt set to launch bitcoin futures contracts
Bakkt is “cleared to launch” its trading in bitcoin futures next month.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
CAIS announces new insurance product with Schechter
CAIS connects financial advisors with alternative investments.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
