SME payments firm SpotOn to build on growth with $40m funding
The fintech has grown by more than 400% in 12 months.
North America
FinovateSpring 2019: focusing on the digital future of fintech
Three key takeaways from the event.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Fintechs: partnerships don’t mean you can be passive when it comes to compliance
Protecting the fintechs’ own well-being as well as that of their customers.
Step receives $22.5m Series A funding
Challenger for teens’ waiting list has surpassed half a million people.
JP Morgan folds smartphone bank account one year after launch
Finn accounts, aimed at millennials, will be moved to the Chase mobile app.
BanQu closes extension on $2.6m Series A
The amount of the extension remains undisclosed.
Enterprise cloud platform Liveoak closes $8m Series A round
The investment will fund product development and global expansion.
ING joins project to create blockchain-based USC
The utility settlement coin will reduce exchange rate risks.
Prepaid payments firm InComm acquires Hallmark Business Connections
Hallmark Business Connections provides employee incentive programmes.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
Mastercard unveils new Open Banking Solutions
Several partners in the UK and Poland intend to activate the suite.
BBVA selects NetApp as a strategic partner
BBVA will make NetApp a priority technological partner to become a more flexible and scalable digital bank.
Grasshopper Bank opens for business with digital focus
For its technology, the bank opted for Temenos’ T24 Transact core banking system.
eBay launches cash flow loans with Asto
The app will provide eBay small business customers with a simple cash flow loan when they need it.
Bank Leumi, CIBC and NAB launch online portal for fintechs
The platform provides a simple and easy process for fintechs to help connect them into the bank.
Firms collaborate on new platform ‒ b.yond
Businesses can test propositions with a limited number of cards and wallet accounts
Pacific Life partners with Salesforce for digital transformation
The NextGen CRM program assists the insurer's sales, service and marketing teams.
BlueVoyant gets $82.5m funding for cybersecurity analytics
Bringing the total funding to $207.5m.
SoFi confirms $500m investment led by Qatar
SoFi’s total capital now stands at $2.3 billion.
Step and Kard target teen market for banking
Both banking apps have launched their waiting lists.
Purpose extends digital portfolio by acquiring CreditGenie
Toronto-based CreditGenie aims to disrupt point-of-sale financing.
Crowdz raises $5.5m to launch industry-first global invoice exchange
Aims to revolutionise receivables market for SMEs.
River Valley Community FCU becomes first in Arkansas to adopt POPi/o video banking
The credit union has more than 7,200 members.
Case study: ATB Brightside – shining a light on digital banking
All about the new challenger bank in Canada and its tech.
Digital investing service Wealthsimple raises $100m
Allianz X led the investment round.
Meridian CU first in Canada to take MX Pulse financial wellness tool
If you’re going to bring your new, self-guided financial wellness tool to Canada, you might as well start big.
Kyriba is first treasury platform to offer corporates RTP through JP Morgan
Corporate clients of both firms can use the service.
Card issuing platform Marqeta goes to Series E with $260m
This puts the company’s valuation at nearly $2 billion.
Allegacy FCU takes Fiserv core and other applications
The institution is understood to be replacing FIS’ old Miser system.
DevOps firm CloudBees gets capital injection from HSBC
HSBC uses CloudBees Core platform for its software delivery system.
TransferMate lands major deal with WellsFargo
The financial details haven’t been disclosed.
Money transfer app Pangea looking to offer checking accounts
More firms are looking to jump into the challenger bank world.
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Zenus Bank launches aiming to serve global clients
The US bank holds an international license.
Citi backs ChartIQ’s desktop integration technology
Undisclosed investment adds to $17.4 million Series B round.
