Ally Financial reportedly considering sale of credit card business
Ally Financial first acquired the business, then known as Fair Square Financial, for $750 million in 2021.
USA
Moody’s expands lending tech suite with acquisition of Numerated Growth Technologies
Moody’s has maintained a partnership with Numerated since January this year.
ICYMI fintech funding round-up: Kalder, Pemo, PostSig, StoreCash, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
SEC chair Gary Gensler to step down on 20 January
Gensler’s departure date coincides with US President-elect Donald Trump’s inauguration.
CFPB finalises rule to supervise big tech firms offering digital payment apps
The development cements proposals first put forward by the regulator in November last year.
BioCatch pilots fraud intelligence network with cohort of Aussie banks
Participating banks include NAB, ANZ, CBA, Suncorp Bank and Westpac.
Nationwide taps HPE GreenLake for private cloud deployment
The migration of its on-premises IT estate is expected to cut Nationwide’s IT operating costs by 30%.
Beacon unveils new digital wallet offering built for immigrants to Canada
Beacon’s new service will support bill payments, salary deposits, Interac e-Transfers, and more.
Robinhood snaps up custodial and portfolio management platform TradePMR in $300m deal
The purchase, involving a blend of cash and stock, is set to close in H1 2025.
CommonWealth Central Credit Union taps Jack Henry for tech upgrade
The $632 million-asset credit union is set to launch new products with Jack Henry’s core platform.
Goldman Sachs to spin out technology platform GS DAP into independent business
GS DAP has operated as part of Goldman Sachs’ Digital Assets business since launching in 2022.
Celero Commerce snaps up Precision Payments for undisclosed sum
Celero expects its North American card processing volume to exceed $28 billion following the acquisition.
NatWest Group expands partnership with NCR Atleos for self-service banking upgrade
NatWest will modernise over 5,500 ATMs across the UK through the enhanced partnership.
Morgan Stanley makes $20m investment in NovoPayment to fuel product and commercial growth
The funding follows NovoPayment’s $19 million Series A round in 2022.
Myanmar’s Wave Money taps Amdocs for Digital Financial Services platform
Wave Money’s WavePay digital wallet currently has over 11.5 million users.
ICYMI fintech funding round-up: Mutual Vision, Tako, Zeplyn, Tranched, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Gate City Bank goes live with Alkami’s full suite of digital banking solutions
The selection includes Positive Pay for ACH reporting and new account opening capabilities.
Mesa debuts homeowners credit card, offering rewards on mortgage and home expenses
The card allows customers to earn ‘Mesa Points’ on mortgage repayments and home-related purchases.
US presidential election: What’s next for US fintech under Trump?
Following the US presidential election, what can the country’s fintech sector expect from Trump’s second term?
Klarna picks New York for upcoming IPO
Klarna has not yet disclosed the number of shares or expected price range of the offering.
Video: Experian at Money20/20 USA 2024 – Combining GenAI and rich data to drive innovation
Experian’s Scott Brown discusses how the company is utilising GenAI to deliver innovative new solutions.
Prodigy Finance inks $310m funding facility with US DFC for cross-border student loans
Prodigy previously sourced a $250 million facility with the DFC in 2020.
Simmons First National Corporation CEO Bob Fehlman to retire this year
George Makris Jr is returning as chairman and CEO of Simmons First National Corporation.
Visa rolls out flexible payment solution in US and UAE with Affirm and Liv
The offering has been available in Asia for over a year with the launch of Olive Card in Japan.
Cetera Financial Group use case: ensuring quality amid rapid expansion
Richelle Paulsen discusses the role of QA in supporting Cetera’s organic and M&A growth.
PNC Bank to invest further $500m to expand US branch network
PNC’s total investment in branch expansion is set to be $1.5 billion over the next 5 years.
Travelex launches “major refresh” of 600 ATMs with NCR Atleos
The Travelex ATM network is to be replaced with NCR SelfServ and NCR Vision.
Ecobank teams up with Nium to enable cross-border payments across 35 African markets
The partnership will embed Nium’s real-time payments infrastructure into Ecobank’s banking operations.
Video: WorkWave at Money20/20 USA 2024 – Driving growth for field services companies
Jacob Olins, VP of Fintech at WorkWave, discusses how the company is utilising innovations in fintech and payments.
Video: Codat at Money20/20 USA 2024 – Innovation in B2B payments
Codat’s Joey Rault and JP Morgan’s Jesse Schwarz discuss the evolving B2B payments landscape at Money20/20 USA.
Two US credit unions go live with Mahalo Banking’s Thoughtful Banking platform
Rocky Mountain Credit Union and UnitedOne Credit Union have gone live with the platform.
ICYMI fintech funding round-up: Groov, Fundcraft, VibePay, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Ohio’s Kemba Credit Union taps Alkami for digital banking platform
The credit union has gone live with Alkami’s platform to enhance engagement, personalisation, and fraud prevention.
Marygold & Co UK selects Griffin to embed savings accounts into money management app
The app will launch for individuals and small businesses in the UK “later this year”.
FTC takes action against US neobank Dave for allegedly “using misleading marketing”
In a statement, Dave says it intends to “vigorously defend ourselves”.
UK regtech Kaizen lands £42m investment from Guidepost Growth Equity
Guidepost’s investment marks Kaizen’s first external funding since its founding in 2013.
Alliant Credit Union names Ken Schaafsma as interim CEO as Dennis Devine departs
Schaafsma has served as Alliant Credit Union’s CRO for the past seven years.
BNPL lender Sunbit lands $355m debt warehouse facility
This is Sunbit’s second debt warehouse facility in 2024, following its $310 million deal in January.
B2B payments platform Melio secures $150m Series E funding round
The round values Melio at $2 billion, down from its previous $4 billion valuation in 2021.
US BNPL fintech Affirm launches pay-over-time options for UK consumers
Affirm’s UK country manager Ruth Spratt says the UK is “the perfect place for the next phase of Affirm’s journey”.
