Market infrastructure firm Pico raises $135m in Series C
Intel Capital leads the latest round for network company.
USA
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Texans Credit Union selects Episys core system
The $1.7bn credit union needs 12 employees to maintain its legacy system.
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
Moov Financial raises $27m in Series A funding round
The latest round follows a seed round from August.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
JPMorgan snaps up tax automation fintech 55ip
“Advisors are increasingly seeking intelligent, automated tools,” says bank.
VMware exec: AI’s two Achilles’ heels keep me up at night
69% of enterprise executives think AI is “essential” for responding to cyber threats.
Retail rewards platform Fetch raises $80m in venture funding
Fetch Rewards has raised $131m since 2013.
Wintrust Financial Corporation picks NCR tech
US bank holding company to deploy NCR at 180 locations.
Stripe launches BaaS-type service for merchants with top US banks
“[The] banking experience should be as easy as spinning up a virtual server.”
Libra and Facebook exec joins rental insurtech LeaseLock
The fintech removes the need for renters to pay a deposit for a rental property.
CFTC marks 2020 as record year for penalties issued
US regulator issued a record number of notices this year, even as fines remain roughly the same
African American Credit Union Coalition signs partnership with Fiserv
Fiserv to identify research and technology needs of AACUC members.
Douugh partners with Humm Group to launch US-based BNPL product
Australian neobank plans “Credit Jar” to help users build their credit scores.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
S&P Global could buy IHS Markit for $44bn
S&P Global’s shares have risen 25% in New York this year alone.
Report: Digital KYB – a springboard to customer onboarding success
FinTech Futures’ latest in depth industry report on KYB, in partnership with DueDil.
Credit Karma secures $7.1bn Intuit acquisition, sells tax ops to Square
Square enjoyed a 4% jump in stock market value following the announcement.
San Fran alternative lender Oportun applies for banking charter
Oportun currently has licences in 12 states.
Founder and CTO of Malauzai leaves Finastra
Daniel Piangerelli departs two years after Finastra acquisition.
New York challenger Current lands $131m in Series C funding round
The capital will go towards Current’s product offerings.
HMBradley lands $18.25m Series A led by Chime investor Acrew Capital
To date, the fintech claims it has surpassed $90 million in customer deposits.
Blockchain-based lender Figure seeks US bank charter
Figure wants to simplify its regulatory and compliance procedures.
Be Money rebrands as Daylight in preparation for US launch
Daylight promises a range of LGBTQ+ services to support its customers.
Fidelity Bank & Trust goes live on Jack Henry’s SilverLake system
The Iowa-based bank replaces several legacy systems
Google Pay unveils integrated banking challenger Plex
Plex will sit in the wider, revamped Google Pay app.
Mortgage platform Better.com lands $200m in Series D funding
Better claims to have funded $25bn in home loans since 2016.
Chipper Cash raises $30m in Series B featuring Jeff Bezos VC
The Amazon founder’s personal VC participated in Chipper’s latest funding
US crypto exchange Gemini banks on ClearBank for UK operations
Gemini launched in the UK two months ago.
Neobank Mercury aims to serve US start-up scene
Founded in 2017, the bank has raised $26m so far.
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
Rebooting savings during the COVID-19 crisis
How then should we think about structuring our savings plan for success?
MSU Federal Credit Union built its own app in 2009 – where is it now?
MSU holds around $5.5 billion in assets and is America’s 48th largest credit union.
PNC buys BBVA’s US arm for $11.6bn creating America’s fifth-largest bank
PNC expects the acquisition will generate around $900 million in cost savings.
Temenos wins new US customer in de novo bank ACDC
ACDC is in the process of applying for a banking licence in the US.
The question of building backdoors into encryption
The battle between tech companies and authorities.
Uber plans return to financial services with hires “across the board”
The firm is “not ready to announce anything yet”.
Banking Technology November 2020 issue out now
Without limits: The Barclays accelerator races ahead
HSBC launches Global Money account in US to rival fintechs
The bank’s aim behind the new service is to create “one global account”.
