Digital mortgage platform Accept.inc raises $90m
US-based firm plans to expand its “iLender” concept.
North America
Canada’s League Data picks Mambu’s cloud banking platform
The cooperative company says Mambu was the “clear choice” to modernise its core platform.
ClearScore lands $200m investment from Invus
The UK fintech is looking to accelerate its global expansion.
Architecture heads at Deutsche Bank and JP Morgan leave months into their jobs
John Smith and Gavin Leo-Rhynie depart from major banks.
Fiserv shakes up execs with clutch of new C-level appointments
Guy Chiarello is COO, Suzan Kereere chief growth officer, and Adam Rosman rejoins the firm.
National Bank of Indianapolis shifts to Jack Henry’s Silverlake
Bank moves to Silverlake for commercial and small business, as well as adding online chat.
USAlliance Financial picks FIS Payments One to enhance card processing
New York-based credit union aims to boost credit and debit card ops.
Zest AI raises investment from Vystar Credit Union, First National Bank of Omaha
Los Angeles-based credit underwriting software specialist has gained $18 million in funding.
Cross River Bank acquires data analytics firm PeerIQ
The firm says its new acquisition will create a “comprehensive” suite of offerings.
Deutsche Bank partners Oracle to upgrade its IT systems
The bank is looking to modernise its database tech and accelerate its digital transformation.
Afterpay hires Mastercard exec Khoja to lead North American expansion
Zahir Khoja joins at a time of “rapid market expansion” for Afterpay.
Atom Finance raises $28m Series B round led by SoftBank
The firm plans to use the funding to fuel global subscriber growth.
Millennial home buying platform Lower lands $100m Series A led by Accel
The Ohio-based firm plans to use the funds to expand its product line and accelerate growth.
Visa to acquire open banking platform Tink in €1.8bn deal
Visa hopes to “help accelerate the adoption of open banking in Europe”.
Australian fintech Zeller raises AUD 50m in Spark Capital-led investment
The round was closed in the week prior to Zeller’s launch last month.
US investment app Stash acquires financial literacy platform PayGrade
Stash plans to “quickly expand” its new acquisition.
Migrant banking start-up Majority raises $19m in seed funding
The firm offers a mobile banking service for migrants across the US.
Blockchain start-up Securitize lands $48m Series B round co-led by Morgan Stanley
US banking giant says “we believe in the growth and adoption of digital asset securities”.
Broadridge appoints Ray Tierney as new president of Itiviti
The firm signed a $2.5 billion deal to acquire Itiviti earlier this year.
Raisin lands first US partner bank with Dallas-based MapleMark
German fintech makes headway after 18 months of preparation.
Dutch fintech Mollie raises $800m in Series C round
The investment takes the company’s total valuation to $6.5 billion.
BaaS start-up Unit raises $51m in Series B round
The company also announced the launch of its new service Unit Go.
Open Banking Expo Canada meet-ups launch virtually this June
Free and open to banks, credit unions, fintechs, regulators, Big Techs, and other industry players.
Tennessee Valley Federal Credit Union picks Symitar for cloud-based core
Chattanooga-based credit union seeks expansion with new system.
US banking start-up Novo lands $40m in Series A round
It aims to use the investment to scale its banking platform for small businesses.
Republic Bank picks Fiserv tech to expand digital offerings
Republic Bank hopes the partnership will “revolutionise” its processing and payment systems.
Liberty Bank selects Payrailz payments tech in ongoing digital drive
Connecticut-based bank seeks “money movement experience”.
Splash Financial lands $44m in Series B funding round
The company helps borrowers compare financial products from a network of lenders.
AI-powered shopping app nate raises $38m in Series A round
The company has now raised $51 million in total.
JP Morgan acquires digital wealth manager Nutmeg
Nutmeg will complement the launch of JP Morgan’s digital bank Chase.
Fiserv lands payments deal with Pentagon Federal Credit Union
The credit union is the second largest in the US.
PayCargo lands $125m in Series B investment from Insight Partners
Freight payments firm plans product development with new windfall.
American Express debuts checking account product for small US businesses
The product has been developed by recent AmEx acquisition Kabbage.
Stripe launches AI-based identity verification tool
Stripe Identity aims to help online businesses prevent fraud when accepting payments.
Real-time payments have real-time benefits especially for small businesses
In addition to money, faster payments are also about instant connectivity, precision, transparency and certainty.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
BMO Harris Bank picks FIS for multi-year core banking transformation
FIS’ Systematics legacy tech out, Modern Banking Platform in, at BMO Harris Bank.
KeyBank goes live on SmartStream’s cloud-based collateral management tech
The Cleveland bank aims to reduce infrastructure costs by moving to the cloud.
Mastercard and Visa pick new partnerships to drive biometric payments
Mastercard partners with FinGo following Visa’s deal with ADIB.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
