Baker Hill brings cloud lending thrills to First Bank
North Carolina-based bank will use online loan application solution.
USA
Finastra acquires banking app provider Malauzai
Deal strengthens its involvement in US retail and business banking sectors.
Fiserv on the money for Dollar’s retail and business banking
Architect to be used as single platform.
US insurer Lemonade takes wefox to court for IP infringement
Lemonade says German firm copied its presentation and business model.
AlphaPoint raises $15m in Series A funding round
The Series A round was led by Galaxy Digital Ventures.
Famous faces bring funding to US insurtech Ethos
Robert Downey Jr. and Will Smith add a touch of glamour… and money.
Fintech funding round-up: 15 June 2018
USA! USA! Features Strangeworks, Eventador.io, SeriesX, Unchained Capital and ALTR.
AI Foundry revamps Agile Mortgages solution
Data insights company AI Foundry has been doing a bit of spring cleaning.
PayStand expands to Canada
Its digital platform will support domestic B2B commercial payments.
Data insights firm Kinetica taps Dell for hardware
Will help clients gather actionable insights from raw data.
InvestCloud acquires rplan for $20m in asset management advance
Deal extends its direct-to-consumer (D2C) offering for asset managers.
Wells Fargo under fire from USAA over remote deposit capture patent
USAA claims it is the original inventor of the technology.
US Department of Homeland Security awards contract to iProov
iProov’s tech to support border security for the US Customs and Border Protection (CBP).
Debt restructuring company Lendstreet receives $7m funding
Lendstreet just closed a $7m investment round to fix Americans’ debt.
Xero launches Connected Accounting, partners with Citibank
Xero unveils the first wave of new features at Xerocon Atlanta.
Ignite Sales and FIS join forces on digital engagement
Ignite will make its customer engagement tech available to FIS community banking clients.
Gift Card Impressions acquired by InComm
Prepaid products company InComm buys former competitor Gift Card Impressions (GCI).
Bank of the West signs for Pindrop’s voice authentication tech
Voice security and authentication specialist Pindrop to provide fraud detection solutions for Bank of the West.
Alternative lending firm BlueVine lands $60m equity funding
The Series E round brings BlueVine’s total financing to $578 million.
Low-code development platform OutSystems reels in $360m funding
OutSystems’ valuation has now surpassed $1 billion.
MassChallenge Fintech accelerator: start-ups wanted
Big corporations increasingly say they see start-ups as friends, not enemies.
Gusto unveils Partner Directory of accountants for SMEs
Gusto launches its own Yelp for accountants.
Finovate in 2018: a search for fintech’s frontier
Where is the future of fintech?
Switch launches CardSavr API for virtual cards
Solution for those looking to make the leap from plastic to virtual cards.
US mobile banking challenger Chime raises $70m
It also reached over one million bank accounts this month.
Finicity and Mortgage Cadence team for mortgage tech
Finicity’s Verification of Assets (VoA) solution integrated with Mortgage Cadence’s loan origination platform.
Dwolla launches pay-as-you-go payment offering, Start
Out-of-the box way for businesses to move money without a large time or money commitment.
Ex-Simple co-founder preps developer app for launch
Shamir Karkal wants to help developers get fintech apps to market.
Arxan brings app protection tech to Android
The first cybersecurity solution to leverage Google for Android-supported Kotlin to secure Android apps.
RPA specialist WorkFusion raises more funding
WorkFusion’s aggregate funding now exceeds $120 million.
US banking app CapWay readies to launch
Targeting millennials who are either underbanked or uncertain.
nCino partners with Tech Qualled to help veterans get into fintech
nCino celebrated the Memorial Day in the US with a new partnership.
Temenos on M&A trail to grow US business
Anti-money laundering (AML), fraud and wealth management are the focus areas.
PayPal and Google Pay deepen payments relationship
More payment options across the Google ecosystem are on the way.
Fighting a (losing) battle against fraud
It appears financial institutions and businesses in the US are fighting a losing battle.
Mitek acquires AI firm A2iA for $49.7m
US-based digital identity verification company bolsters its capabilities.
ShopKeep launches on Android to broaden hardware options
POS-itive news from US point of sale technology provider.
Hometap raises $12m to buy a piece of your home
US firm invests in a person’s home with a minority stake to give them a cash infusion.
Personal Capital lands $15m credit extension
Gets money from Silicon Valley Bank.
Tango Card rewarded with $35m funding
Digital Rewards-as-a-Service platform does a merry dance.
