ID.me brings identity proofing to Department of Veterans Affairs
“No identity is left behind.”
North America
Rebrand takes analytics firm OmniSci to promised land
Will double workforce by end of the year and move into new San Francisco headquarters.
Case study: Citizens Access – access all areas
A banking start-up with the rules of having no paper and no fees.
Arceo flies into US cyber insurance space
Start-up wants to bridge the insurance and cybersecurity worlds.
Onfido enjoys extended stay at 2nd Address
Identity verification for the US rentals market.
Top fintech stories this week – 22 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
US analytics platform Stratifyd gets $4m funding kick from Arsenal
Follows on from a $25 million Series B announced last fall/autumn.
Apple and Goldman Sachs to unleash iPhone/card combo
Credit cards will be rolled out to employees for testing in next few weeks.
StanChart braces for $900m fines over US and UK banking issues
Bank sets aside money for potential penalties over FX and crime controls.
Nassau Re Imagine-s insurtech accelerator in US
Nassau Re/Imagine designed to develop the insurance industry in Connecticut.
Bill.com bans wire transfer fees for small businesses
Here’s a ban that businesses can really get behind.
SIA wins Payments Canada’s tech revamp contract
Canada powers on with its new high-value payments system, Lynx.
Data intel firm GBG acquires IDology for $300m
UK firm buys identity verification and fraud prevention specialist for American dream.
Coinbase acquires blockchain intelligence platform Neutrino
Crypto exchange seeks better analysis of data on public blockchains.
Blink and you won’t miss its Canada launch for travel insurance
Irish insurtech un-Corks the good news.
Case study: Citizens Bank – fintech friendly
The 13th largest bank in the US pivots for digital era.
US challenger LikeBank makes light work of messengers
Digital bank sits within Facebook Messenger, Viber and Telegram.
Fintech charms US state regulator into modelling
Conference of State Bank Supervisors will implement changes based on feedback.
Big banks bond with CommonBond for $750m lending spree
US firm to use money for in-school student lending businesses.
CSI reports 23 new core banking tech clients in 2018
Fresno First Bank, The Claxton Bank, Citizens Alliance Bank, and Mansfield Bank are among new takers of Nupoint core.
Munich Re leads $9m investment in insurtech Inshur
US/UK firm gets Series A funding and credit facility for its rideshare journey.
JP Morgan Chase to trial new cryptocurrency
Will start trials in a few months for its JPM Coin.
Thoma Bravo to acquire US lendtech Ellie Mae for $3.7bn
Private equity investment firm makes an all-cash transaction.
Goldman Sachs leads $44m funding in US business credit start-up Nav
Other investors include Point72 Ventures and Experian Ventures.
Blockchain Exchange Alliance preps tech for payments push
With a heavy emphasis on partnerships and acquisitions.
CanDeal and six Canadian banks create market data hub
BMO, CIBC, National Bank, RBC, Scotiabank and TD are involved.
Socotra gets $5m support for core insurtech platform
With the support of US-based Nationwide and Mitsui Sumitomo.
Crypto bank Zabo preps for US launch
“Bitcoin in your bank account.”
Barclays and Ripple back SendFriend’s $1.7m funding
Philippine paytech finds lots of friends as it readies for US launch.
Video: fintech news weekly round-up – 11 February 2019
Challengers Starling and Revolut, Tink, and the importance of digital assets.
Solera buys Nordic insurtech in4mo Oy
Texas-based firm plays it cool when it comes to what it paid.
US insurtech Jetty lands $25m funding
New York-based start-up’s Series B round led by Khosla Ventures.
Scotiabank taps Mexican talent for fintech accelerator
Canadian bank teams with Monterrey university for Mexico City action.
Morgan Stanley stocks up with $900m Solium acquisition
Wealthtech move marks its biggest deal since the financial crisis.
Sensors working overtime as AIStorm raises $13m funding
A storm is coming… a good one for IoT, biometrics and wearables.
Canadian challenger Motusbank moves in
Ontario credit union Meridian unveils its new digital bank.
BB&T and SunTrust $66bn merger leads to mega tech revamp
New deal is designed to keep their banking competitive.
Possible Finance definitely raises $4m funding
Stunning Seattle-based lendtech looking for fintech nirvana.
IBM invests $2bn in AI tech in New York
Including an AI hardware centre for research.
Death not the end for QuadrigaCX crypto drama
Only one man had the password to access funds. He’s dead.
