FIS reveals plans to spin off merchant business unit
FIS expects the spin-off to be completed within the next 12 months.
FIS expects the spin-off to be completed within the next 12 months.
PayPal says it will begin its search for Schulman’s successor imminently.
Alabede was previously vice president of product development in Mastercard’s installments business.
A handy round-up of the recent funding endeavours of fintech companies across the US.
Developers from fintechs and banks can now access the sandbox environment of FedNow via Finzly’s API.
The company intends to double down on its core business while “sunsetting” initiatives including Affirm Crypto.
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Voiles joins Pipe from Square, where he served as general manager of Square Banking.
According to CFPB estimates, excessive fees cost American families about $12 billion each year.
Commonwealth and JP Morgan Chase are examining how new tech can reduce wealth inequality in the US.
Former Sber CTO David Rafalovsky joins Oxygen as CEO, replacing founder Hussein Ahmed.
Oracle’s solutions will support “critical” functions, including direct deposit accounts and liquidity management.
Prior to joining Stash, Landsman served as general partner at NEA, a global venture capital firm.
Bloomberg reports the cuts have taken place over the past few weeks.
The automated process is available on the bank’s mobile app and online banking platforms.
Mowat brings over 20 years’ worth of experience in international trade and business to Highline, the firm says.
The launch is set for late 2024 or early 2025, Bloomberg reports.
The round was led by CRV with participation from both new and existing investors.
With the funding, Treasury Prime plans to build out its solution and develop new products and services.
Upstart is also suspending development of its small business loan product.
The funding will be used to refine and scale the platform, and address new payments use cases.
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
The debt facility constitutes an extension to Finbourne’s Series A funding held in April 2021.
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
Valor CEO Eric Bernstein says the pair will help the firm build new partnerships.
AuthID leverages the “human factor” to remediate today’s social engineering attacks, CEO Tom Thimot says.
Khalaf joined in June as chief product officer and will replace founder, chair and current CEO Jason Gardner.
Chatterjee joined Coinbase in 2020 on a five-year contract but is leaving due to family illness and bereavement.
With the new capital, Inscribe plans to further develop its fraud detection capabilities.
Nav says the acquisition will boost its existing offerings for small businesses.
Rooney will be tasked with ensuring the successful launch of the firm’s new financial services app.
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
The funding came from Viola Credit, Mitsubishi Financial Group, Collaborative Fund, and others.
The company will look to boost domestic growth, expand internationally and invest in product innovation.
Founded last year, the association says it represents over 80% of current BaaS sponsor banks in the US.
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
Orenstein joined nCino in 2015 and most recently served as chief corporate development and strategy officer.
The credit union will have access to the full suite of ATM capabilities offered by NCR’s ATMaaS solution.
Greenpenny is a start-up bank in the US focused on sustainable energy and powered by Decorah Bank & Trust.