BNY boosts AI transformation strategy with multi-year OpenAI partnership
BNY will integrate OpenAI’s API and ChatGPT Enterprise platforms into its generative AI solution Eliza.
North America
Digital financial advisory firm Betterment acquires Ellevest’s automated investing arm
The acquisition follows Betterment’s 2024 deal for Goldman Sachs’ Marcus Invest accounts.
Bitwise Asset Management bags $70m funding round led by Electric Capital
Bitwise, which currently has over 100 employees, has plans to expand its headcount to “more than 130 this year”.
Flywire expands travel payments business with $330m Sertifi deal
Sertifi’s platform helps 20,000 hospitality businesses securely handle contracts and payments.
Demystify Podcast: Demystifying credit scoring with Tom Eyre, co-CEO of Loqbox
In this podcast episode, hosts Dave and Dharm chat with Tom Eyre, co-CEO and co-founder of Loqbox.
Former Varo Bank exec Thibault Fulconis named new Yendo CFO
Fulconis previously served as CFO of US neobank Varo.
Freedom Bank of Virginia partners Apiture for digital upgrade
Freedom Bank of Virginia has selected Apiture’s Consumer Banking and Business Banking solutions.
Capital on Tap secures £750m in funding facilities to boost UK and US SME lending
The company has secured two funding facilities, including a £550m master trust facility with BNP Paribas and Citi.
ICYMI fintech funding round-up: CredCore, MANSA, SRA Watchtower, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Nuvei hires former Finaro and PwC execs to lead product and risk teams
Moshe Selfin becomes chief product officer; Chad Gerhardstein appointed as chief risk and compliance officer.
Mastercard launches new One Credential checkout solution
The solution allows consumers to toggle between different payment methods when making purchases.
BNP Paribas Securities Services taps Broadridge for Global Class Action solution
Broadridge’s solution will help BNP Paribas to “identify, file and recover investment losses”.
Utah Community Credit Union joins NCR Atleos’ Allpoint Network
Utah Community Credit Union members will now have surcharge-free access to over 40,000 ATMs.
Shift4 signs $2.5bn deal to acquire Swiss paytech Global Blue
The deal is expected to close by Q3 2025 and will see Global Blue delist from NYSE.
Colin Walsh reportedly stepping down as Varo Bank CEO
Walsh will be succeeded as CEO by former Bakkt exec Gavin Michael, American Banker reports.
Third Federal Savings and Loan partners Fiserv for core banking upgrade
Third Federal will use the open architecture platform to enhance operational efficiency and product development.
Canada’s Surecomp acquires trade finance firm ELCY for undisclosed sum
ELCY’s flagship offering, elcyMBP, will now become a module of Surecomp’s RIVO platform.
Wise set to close Florida office as part of plan to consolidate its Americas servicing teams
The Florida office will close in November this year, impacting over 300 Wise employees.
Regions Bank partners Koxa to launch new cash flow management solution
The new Regions Embedded ERP Finance solution is powered by treasury gateway platform Koxa.
HiBob acquires US fintech Mosaic to integrate AI-powered financial management into HR platform
Mosaic utilises big data and machine learning tech to provide financial planning tools for mid-market companies.
What the FinTech? | S.6 Episode 2 | The evolving digital payments landscape in North America
In this podcast episode, GoCardless’ Lewis Turek discusses what’s next for digital payments in North America.
eToro files for US IPO, reportedly eyeing potential $5bn valuation
eToro says that the share price range for the offering has “not yet been determined”.
ICYMI fintech funding round-up: Raenest, Affinity Africa, Era and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Paysafe inks deal to sell direct marketing payment processing business to KORT Payments
The deal is expected to strengthen KORT’s expansion throughout North America.
The Union Bank Company selects Candescent’s digital banking platform
Candescent was formerly the digital banking business of NCR Voyix.
Mercury reportedly plots new Sequoia-led funding round at over $3bn valuation
Sources cited by Bloomberg indicate the round could see Mercury raise “hundreds of millions”.
Fraud prevention platform Sardine secures $70m Series C, invests in agentic AI
Sardine plans to use the investment to roll out a series of AI agents for risk management and compliance.
iForex names Hemi Algranaty as new head of innovation
Hemi Algranaty rejoins the company having previously served as CTO before his departure in 2021.
Validus Risk Management lands $45m FTV Capital investment to drive global expansion
The funds will fuel Validus’ expansion into the US and APAC, while continuing its growth in Europe.
Puerto Rican credit union CACSI taps Sharetec for core system upgrade
CACSI has picked Sharetec’s web-based Velocity core banking platform.
Stripe reportedly exploring potential employee share sale valuing the company at $85bn
Stripe was last valued at $70 billion following a similar secondary share sale last year.
Gold Coast Federal Credit Union taps Tyfone for nFinia digital banking platform
Gold Coast FCU president Steve Bush says the selection is part of “a complete digital transformation”.
nCino acquires tech integration platform Sandbox Banking in $52.5m cash deal
nCino plans to leverage the purchase to develop its own “integration hub” for banks and credit unions.
Zeta secures $50m in new funding, boosts valuation to $2bn
Zeta was previously valued at around $1.15 billion when the company raised $250 million in 2021.
US wealthtech AssetMark names former BlackRock exec Alex Pape as new CPTO
Previously, Pape served as the global head of product for BlackRock’s Aladdin Wealth Tech division.
QuEra Computing raises more than $230m to develop “large-scale, fault-tolerant quantum computers”
Google, SoftBank Vision Fund 2 and Valor Equity Partners took part in the round as new investors.
TD Bank to sell entire 10.1% stake in Charles Schwab in $14.6bn deal
Charles Schwab will repurchase more than 19 million shares for $1.5 billion as part of the deal.
Massachusetts’ Enterprise Bank taps Newgen Software for commercial lending solution
The implementation comes ahead of Enterprise Bank’s merger with Rockland Trust.
US paytech Digital River reportedly shutting down
The Minnesota Star Tribune reports that the company is permanently closing its headquarters and laying off staff.
US open banking fintech Plaid reportedly plotting potential $400m secondary share sale
Bloomberg reports that Plaid is working with Goldman Sachs to carry out the potential share sale.
