ICE agrees $11bn Ellie Mae acquisition
Exchange operator aims to boost its nascent mortgage business.
USA
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
US challenger Purple to tap America’s disabled community
The fintech allows users to receive disability benefits up to two days early.
Payroll firm CloudPay raises $35m in Series D funding
Firm plans to use new funding to build out infrastructure.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
Responsible subprime auto lending through AI
This math is at the root of a very basic truth: opportunity is not distributed equally in America.
Financial comparison marketplace Crediverso to launch in US for Latinos
Currently in beta, the 2019-founded start-up is yet to go live.
Global Payments signs cloud deal with AWS
The multi-year deal moves Global Payments systems into the cloud.
Financial Plus Credit Union goes live with MDT’s Banno Digital Platform
The credit union wants to boost its digital capabilities.
Money20/20 finally calls off Europe and US shows
It specifically cites the friction with regards to travel and COVID-19 developments.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
Galileo integrates with Plaid to simplify ACH transfers
The integration will streamline the initiation of ACH transfers.
Google Pay to launch bank accounts in 2021 with flurry of partners
The US Big Tech announces another six of its banking partners.
How can fintech rise to the new D&I challenge?
If they don’t believe they are part of the problem, nothing will really change.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
Thought Machine taps US market with North America MD job search
Cloud adoption in North America amongst major banks is still in its infancy.
Apple acquires payments firm Mobeewave in $100m deal
Apple buys start-up to turn iPhones into payment terminals.
Volante lands $35m, its first capital raise in two decades
The firm wants to turbocharge its offering, customer base and geographical presence.
Varo receives US national bank charter
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
Four lessons we can learn from the biggest financial technology scandals
From Wirecard and Enron to Bernie Madoff and Parmalat.
US remittance start-up Remitly lands $85m
The remittance market is set to suffer from the pandemic.
ComplyAdvantage raises $50m in Series C funding
The new capital will be put towards international expansion.
Goldman Sachs signs multi-year deal with Publicis Sapient
The consultancy firm is both a client and partner for new Goldman platform.
Enova International acquires struggling lender OnDeck in $90m deal
OnDeck has suffered in the wake of the COVID-19 pandemic.
Philadelphia’s Asian Bank picks CSI NuPoint
Community bank in the US city aims to boost digital services.
True Link lands $35m in Series B investment
The fintech’s valuation sits at around $115 million.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Sezzle signs partnership deal with Plaid
Buy now, pay later fintech joins Plaid network.
Paysafe acquires US payments firm Openbucks
Paysafe looks to grow its core offering across the US.
Brazilian challenger Nubank acquires firm behind Clojure and Datomic
Cognitect snapped up by Brazilian neobank.
Morgan Stanley blocks remote network access for China interns
Its decision to deny remote access to its China-based interns makes it an outlier among its US peers.
Carta faces gender discrimination lawsuit
Paying her less than her male peers and subjecting her to other forms of gender discrimination.
Max Levchin’s Affirm lands Shopify buy now, pay later deal
Affirm will power instalment payments for ‘Shop Pay’.
Deposit grower Mantl raises $19m in extended Series A
The fresh capital adds to an extended $11 million Series A raise.
US national banks granted authority to hold crypto for customers
US banks and federal savings associations can offer cryptocurrency custodial services.
Wells Fargo hires Ather Williams III from Bank of America
Major US bank says its new head of strategy will drive innovation.
