South Korea’s Kakao Pay eyes majority stake in Siebert
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
Binance.US cites “the hostile and uncertain regulatory climate” in the US as its reason for pulling out.
FedNow has the potential to drive innovation, broaden financial inclusion and improve cash flow.
Major previously spent more than 15 years with banking tech firm Jack Henry.
Michigan’s First Community Bank, Florida’s Sunrise Bank, and Arkansas’ Today’s Bank have selected Jack Henry’s tech.
Ross joins from HR and payroll software firm Ceridian and has previously worked at Green Dot and American Express.
Book your table for the Banking Tech Awards USA gala dinner and ceremony on 1 June in New York.
The platform will allow the bank and its fintech partners to test new products in a separate sandbox environment.
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.
With the new funding, Super says it will scale its product and engineering resources.
Sharegain’s SLTech solution allows investors to generate revenue through loaning out their financial assets.
Through DailyPay, Santander’s clients can provide employees with immediate access to pay as they earn it.
The round was led by Left Lane Capital, with participation from other investors.
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
Pidgin’s CEO says the demand for real-time payments is growing “among consumers and businesses alike”.
Owners Bank offers checking and savings accounts as well as digital tools for small businesses.
Corelation has signed Hawaii Community FCU and Pearl Hawaii FCU as its new clients.
A handy round-up of the recent funding endeavours of fintech companies across the US.
Modernising the bank’s core systems “paves the way” for continued, sustainable growth, Regions says.
The scalable platform is built on an open-API infrastructure, allowing the credit union to customise features.
The bank’s clients will now be able to utilise ACH, wire transfer and real-time payments.
The new funding follows a previously undisclosed $110 million Series C round in November 2021.
At Visa, Yu led teams across the business, including business development, sales, finance, and operations.
The bank has deployed E6’s products to bring card issuing and processing to its customers.
Cheng has served as interim CEO for Wyre since January 2023.
Visa has partnered with PayPal and Venmo to trial the new service.
The new funding takes the firm’s total Series B to $435 million following an initial $165 million raise last year.
Tynan has served on the firm’s board since August 2021 and has previously held roles at BofA and Citigroup.
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
The agreement marks Navan’s fifth acquisition in the last two years.
US Bank and Kyriba clients can now send instant payments to vendors, customers and employees.
The banking charter from the FDIC would allow the neobank to offer its services across the country.
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
Together, both firms will now serve over 6 million customers globally.
Bhardwaj will lead a team analysing trends in fintech including digital assets and bank-fintech partnerships.
Liberty Bank says the move to Alkami’s platform is a “crucial step” in its complete tech stack overhaul.
A handy round-up of the recent funding endeavours of fintech companies across the US.
Shetty will be responsible for developing Varo’s technology stack as the bank looks to scale.
Seattle Bank customers can now access loans for high-value transactions directly through merchants.
The start-up has been self-funded by its co-founders, with $20 million in capital.