Payfone gets $23m in funding from Synchrony Financial
New round takes digital identity authentication company’s total funding to $93.6 million.
USA
Clinc tops $4.5m in annual revenue
Conversational AI platform in the pink and hires a chief growth officer.
POPin’s video banking gets some love in LA-LA land
CalCom Federal Credit Union selects POPin’s interactive mobile video banking solution.
Jack Henry marks 100 bank clients using Geezeo-powered PFM service
A major milestone in the Jack Henry and Geezeo partnership.
E-ZPass links with PayByCar to advance in-vehicle payments
PayByCar lets drivers use toll transponders to make additional purchases, such as fuel, fast food, and car washes.
LogMeIn goes for AI gold with Bold360 virtual assistant
A chatbot and virtual customer assistant to make service “more engaging and intuitive”.
CFPB unveils five-year strategic plan
Consumer Financial Protection Bureau vows to operate “more efficiently, effectively and transparently”.
Dwolla lands $12m in funding
The funds will be used to support Dwolla’s growing capital requirements and to expand its team.
Fintech funding round-up: 12 February 2018
Featuring YapStone, Stash, Moneyfellows and Lendingkart.
Davo launches two new apps for SME cash management
Welcome to Davo Sweep and Save, and Davo Savings Club.
Larky deepens partnership with Sharetec
Core processing provider Sharetec expanding relationship with mobile engagement and loyalty programme firm Larky,
Cardlytics first fintech firm to go public in 2018
Data driven marketing tech firm Cardlytics is now listed on Nasdaq.
US DoJ shuts down payment card fraud ring
Transnational criminal gang responsible for more than $530 million in losses from cybercrimes.
Five new core banking tech clients for CSI
Computer Services Inc, a US-based provider of banking software, bags some action for its core processing tech.
Top fintech stories this week – 9 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Radius Bank mixes it with Alloy for digital revamp
Massachusetts-based bank plans to become a digital-first entity.
US challenger Marathon International Bank to join fintech race
Will cater for the Ethiopian American community.
Entrust Datacard teams with Gemalto
Identity authentication and secure card issuance company partners with payment card supplier.
IdentityMind Global launches anti-fraud solution for ICOs
Trusted digital identities firm has unveiled its KYC Plug-in for ICOs.
Seven US states standardise fintech payments
Say hello to Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas and Washington.
Fintech funding round-up: 7 February 2018
Welcome to another wave of wondrous wealth. Features Autobooks, Finomial and Rebuildingsociety.
Warburg Pincus buys majority stake in Fiserv lending business for $395m
Warburg Pincus is busy again with the acquisition of a 55% share.
Coupa Software teams up with Tuition.io
Business spend management platform partners with Los Angeles-based fintech.
Personal Capital launches socially responsible investing
Clients can select a strategy with same pricing structure as the rest of its offerings.
Fintech funding round-up: 5 February 2018
First one of February features Ohpen, Penta and Behalf.
Where top US banks are betting on fintech – CB Insights
Research company CB Insights has mapped out where the top ten US banks are investing in fintech.
Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
Handle Financial’s Prism mobile app reaches $1bn in bills paid
Also, Prism has recently surpassed 11,000 billers across the US.
Tuition.io to power student loan repayment for Estée Lauder employees
Student loan repayment platform Tuition.io has landed a major client in the US, Estée Lauder.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
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.
