Citi plays Cupid for university talent search
Shoot that fintech arrow to my heart!
North America
ShopKeep all over First Data’s Clover POS technology
Cloud payments and point-of-sale (POS) system start-up ShopKeep deepens ties.
Flywire acquires payments firm OnPlan Holdings
Buys OnPlanU and OnPlan Health, both subsidiaries of OnPlan Holdings.
Amazon taps 20 locations as finalists for second HQ
It’s the hottest competition since “The Bachelor”.
US Congressman looking for answers about Spectre and Meltdown
Has written letters to the CEOs of Intel, AMD and ARM.
Cisco’s ex-boss launches VC firm
He also praises eating insects.
TCS drools over two delicious insurtech deals for $2.7bn
Two separate deals with Prudential and Transamerica.
Workday acquires machine learning start-up SkipFlag
SkipFlag uses deep learning to help enterprises make sense of data they collect each day.
Silver Lake and P2 Capital Partners to buy Blackhawk Network for $3.5bn
US investment firms go for an all-cash transaction, which includes Blackhawk’s debt.
Houlihan Lokey to buy Quayle Munro for data analytics drive
Los Angeles-based investment bank to acquire UK independent advisory firm.
SS&C to acquire DST Systems for $5.4bn
Looking for more market opportunities for outsourcing in financial services.
Root Banking rooting for Starbucks-level channel integration
San Francisco-based start-up from industry veteran Matt Krogstad is launched.
Wells Fargo to scrap 800 more bank branches by 2020
Due to customers’ preference for online and mobile banking – and desire to cut costs.
FireEye to acquire big data start-up X15 Software for $20m
Plans to integrate X15 Software’s platform into its own security tools.
Cardlytics appoints new CTO
Data-driven marketing company is reinforcing its troops for the new year.
Blooom fighting fraud in world of the 401(k)
US independent robo advisor Blooom unveils new Suspicious Activity Alerts feature.
FIS fintech accelerator seeks start-ups
Ten places up for grabs in the US.
IBM planning to reassign 30,000 tech services jobs
“I’ve Been Moved”?
LendingPoint adds POS financing with LoanHero buyout
US deal means it can extend its financial software and services to consumers making a major purchase.
Accounting platform Aplos shows faith with Gusto
For Aplos’s nonprofit and faith-based organisation client base.
VMware confirms “small” number of layoffs
Even with the layoffs, it is also hiring.
Cisco plugs encryption hole in network security
Introduces analytics services designed to solve a growing problem – detecting threats hidden in encrypted traffic.
Payments round-up: 10 January 2018
With special guest stars Worldpay, Como Global, Mastercard, Here Technologies, Dream Payments and Wirecard.
Eight US credit unions to move to FLEX core banking tech in 2018
US-based core processor FLEX also finished 2017 with the conversion of eight credit unions onto its tech.
Urban FT and Fortress Plus to co-market digital banking
Will also offer fraud protection at the same time.
Alkami scores $70m in Series D funding
Takes Alkami’s total capital to more than $116 million. Woo! Yeah!
IBM proudly poses at patent peak
Its inventors received a record number of patents in 2017 – marking its 25th consecutive year of US leadership.
Market incentives stacked against network security – US Government report
The marketplace now rewards low cost and performance over security, according to a draft cybersecurity report.
TD Bank deeper in AI mix with purchase of Layer 6
Ta-da! Making its intentions clear with acquisition of Toronto-based artificial intelligence (AI) company.
Wedbush Futures opts for FIS Derivatives Utility
US-based capitalised non-bank futures commission merchant makes its choice.
Citi unleashes single digital platform for mortgages
Makes dual agreements to integrate its suite of US mortgage products into one platform.
Dynamics makes a Sprint for new IoT connected card
Launches the Wallet Card, a battery-powered, connected payment card.
CIBC acquires Wellington Financial for lendtech push
Buys loan assets as it seeks to strengthen its presence in North America.
Insuritas launches i-Insure platform with property and casualty carriers
Insuritas has launched its i-Insure platform with 42 auto and home insurance carriers in the US.
Credit Karma teams with American Express to offer advance tax refund
With the new GOP tax law in place, Americans have begun thinking about 15 April – the tax filing deadline.
Wealthfront rakes in $75m
The financing was led by Tiger Global Management with participation from existing investors.
Ex-SoFi CEO on rebound with new fintech venture
Ex-CEO and SoFi founder plotting a comeback with a new fintech start-up amidst allegations of sexual harassment.
nCino brings its Bank Operating System to world’s largest credit union
US-based Navy Federal Credit Union (NFCU) opts for nCino’s Bank Operating System.
Motor City Community Credit Union in core banking tech revamp with Fiserv and Celero
Motor City Community Credit Union (MCCCU) will migrate to Fiserv’s DNA core banking platform.
Passport raises $43m from Bain Capital
Transportation mobile payments company Passport enters 2018 with an extra $43 million in the bank.
