Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
North America
SoFi reportedly cutting 65 jobs from mortgage division
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
Salesforce invests in nCino
Cloud-based banking tech vendor nCino has reeled in investment from Salesforce Ventures.
Amex acquires AI travel aide Mezi
Getting in on messaging market with tidy acquisition of personal travel assistant Mezi.
SEC stops alleged AriseBank ICO scam
To prevent investors being “victimised by what we allege to be an outright scam”.
California Coast Credit Union opts for PSCU’s paytech
California Coast Credit Union abandons CO-OP Financial Services for PSCU.
BlueVine boosts invoice factoring credit line to $5m
Small business lender doubles the size of its invoice factoring solution.
Kabbage expands line of credit
US alternative lending start-up now offering up to $250,000.
Wealthfront launches homeownership planning tool
The pressure is high in today’s US housing market – home buyers feel the need to buy.
Amazon, Warren Buffett and JP Morgan Chase create new healthcare firm
The company is so new it doesn’t have a name.
BehavioSec boosted by $17.5m funding
Behavioural biometrics company now has total funding of almost $26 million.
Payoneer partners with Waze to power local payments
Currently available in Texas, California and Israel.
Fintech funding round-up: 29 January 2018
Features Tender Armor, OpenDoor, Duco and Sancus Finance.
Volante and BNY Mellon team for paytech innovation
To enable real-time payments in the US and internationally.
Infographic: the future of identity
Nifty infographic based on the IBM Security Future of Identity Study.
StreetShares brings in $23m in equity funding
StreetShares has landed $23 million in equity funding, bringing total investment to $43 million.
New bank to launch in California, Endeavor Bank
First new bank to open in San Diego in ten years and one of only two new banks in California since 2010.
AutoGravity forces its way past $2bn in financing
Things are looking up for US mobile auto shopping and financing start-up.
Roostify integrates with LendingTree
Consumers can find a loan while Roostify keeps the mortgage origination process online.
Top fintech stories this week – 26 January 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Geezeo powers PFM platform for F&M Bank of Virginia
“Stow away” savings with Squirrel.
Banking tech round-up: 25 January 2018
Features Yolt, Chevy Chase Trust, FIS, Haven Savings Bank and Connecticut Online Computer Centre.
JP Morgan Chase invests $20bn for new branches and jobs
Includes 400 new branches, 4,000 jobs and an increase in staff wages across the US.
Payfone in its element with O2 digital partnership
Initiative aims to protect mobile users from fraud.
Expensify ends 2017 on an all-time high
US travel and expense management firm in receipt of good news.
2,000+ bank branches closed in US in 2017
Digital is all the rage now for US banks.
SoFi’s choice: former Twitter COO to take helm as new CEO
Social media’s loss is social finance’s big gain.
Zopa enhances executive ranks with new trio
En route to its launch of a challenger bank later this year.
Cloudian bridges storage from data centre to cloud
US firm is making an extra effort to live up to its name.
Member Driven Technologies adds four US credit unions
They all opt for Symitar Episys core banking platform.
Dwolla to power ID verification for Yahoo’s Tanda savings app
Tanda app is intended to be used as an alternative to credit cards or short term loans
WealthForge tops $500m in investments processed
US-based private placement platform feeling perky.
Fintech funding round-up: 22 January 2018
Features Oval Money, TradeCore, Paytronix Systems and Hippo.
Microsoft gets support of privacy groups in data battle against US
Privacy International files an amicus brief on behalf of 26 organisations in support of Microsoft.
HSBC can’t dodge DoJ’s $63m fine for major FX up
Part of a three-year deferred prosecution agreement with the US Department of Justice.
Lending firm Defi Solutions definitely lands $55m
The Series C funding round comes from Bain Capital Ventures.
ThreatMetrix teams up with GlobalOnePay
Will power GlobalOnePay’s Sentinel Defend, a fraud detection and scoring engine.
Salesforce, IBM and Google relationship status: it’s complicated
It’s like cloud provider kindergarten! Everybody’s special!
Jumio teams with Byteball to bring KYC to ICO issuers
When the gold rush is on, perhaps it’s better to sell picks and shovels to the miners.
