Mastercard confirms timescale for phasing out magnetic stripe
Stripe-less cards will be issued from 2024 for selected regions.
USA
Aspiration Partners to go public in $2.3bn SPAC deal
It claims it will be the first ESG-focused financial services institution to go this route.
Sightline Payments becomes Nevada unicorn with $244m raise
Sightline closed an earlier $100 million funding round in April.
Christian Financial Credit Union picks NCR tech for digital banking revamp
Michigan credit union praises NCR for “seamless integration”.
Israel Discount Bank of New York picks Argo for anti-fraud
Texas-based Argo will deploy its OASIS platform.
US fintech One lands $40m in Series B funding
Start-up aims to bring “all-in-one banking” to middle-class Americans.
Goldman Sachs to acquire asset management firm NNIP in $2bn deal
US bank continues drive towards new revenue streams.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
Plaid announces Series D extension featuring AmEx and JP Morgan
CEO Zach Perret says its new backers are “storied companies”.
Branch raises $48m Series B to serve independent contractors
Payments firm provides instant access to wages and a zero-fee bank account.
Travel fintech Hopper raises $175m in Series G round
The new funding will go towards growth on “several fronts”.
Blockchain security start-up CertiK lands $24m in Series B extension
The “Series B+” investment comes just one month after the firm’s $37 million Series B round.
Goldman Sachs hires AWS exec to boost asset management division
Kamlesh Talreja joins to improve client experience for Goldman clients.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
US Bank acquires SME expenses firm Bento Technologies
US Bank aims to combine its payment and expenses offerings for SMEs.
Figure Technologies to merge with Homebridge Financial Services
Blockchain firm says its technology can double Homebridge’s capacity.
BNPL firm Zilch sets up US expansion with NepFin acquisition
The acquisition of the American firm will give Zilch a foothold in the US market.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
Paymentus to acquire fintech partner Payveris for $152m
The transaction is expected to close in Q3 2021.
Digital assets platform FalconX hits $3.75bn valuation with $210m Series C round
The California-based firm plans further growth and strategic acquisitions.
Western Union agrees sale of Business Solutions division for $910m
Investment firms Goldfinch and Baupost are paying in cash.
AI firm Dataiku lands $400m in Series E funding round
The new investment takes its valuation up to $4.6 billion.
Circle announces plans to become a national digital currency bank
The firm says it will operate under the supervision of US financial regulators.
Plaid agrees $58m settlement over data privacy class action
The plaintiffs alleged Plaid stored and used bank account information without consent.
Reserve Trust raises $30.5m in Series A, appoints new CEO
B2B payments firm says it can provide a service to cut out correspondent banking middlemen.
Identity verification firm SentiLink lands $70m Series B funding
San Francisco-based firm plans to build out its product suite and expand its team.
Fintech start-up Zeni secures $34m Series B investment
California-based fintech will use the new financing to invest in growth and new hires.
Credit Suisse nabs 16-year HSBC veteran for global fintech role
Orazio Tarda joins the Swiss bank after a long spell with HSBC.
Paysafe signs deal to acquire alternative payments platform PagoEfectivo
The deal is expected to close by the end of August.
Swift hires new CTO in former Standard Chartered CISO Cheri McGuire
McGuire says she joins at a time of “pivotal” transformation.
Broadridge acquires Alpha Omega in Itiviti combination plan
Broadridge will combine Alpha Omega and Itiviti’s post-trade solutions.
Fifth Third completes acquisition of healthcare fintech Provide
Provide offers financial products targeted at healthcare practices.
NCR to acquire crypto ATM firm LibertyX
The deal will see NCR deploy LibertyX across its software suite.
Exclusive: Oracle FS wins major lending deal with AT&T
US telecoms giant picks lending and leasing solutions.
Financial infrastructure firm Prime Trust secures $64m Series A funding
Las Vegas fintech looks to continue its growth and expand into new markets.
Cuscal picks BHMI’s Concourse to support upcoming NPP initiative
PayTo will look to enhance the current NPP payments system.
Climate First Bank launches in Florida with Finastra Phoenix at the core
Florida-based lender plans to meet and exceed a range of green initiatives.
Card issuing platform Lithic secures $60m Series C funding
The raise follows hot on the heels of its $43 million Series B in May.
Behalf raises $100m in debt financing to expand BNPL offering for B2B firms
The company also secured $19 million in a venture funding round.
Rapyd raises $300m in Series E funding round
The financing follows a $300 million Series D round earlier this year.
