M1 Finance raises $33m in Series B funding
Left Lane Capital led the new round, brining M1’s total raised to $55m.
USA
Banking Circle helps Amazon sellers avoid international fees in US
Sellers can avoid the 3.9% international transaction fee.
Bank of America’s Merrill revamps client management workstation
The old system has been in place since the early 2000s.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
Documentation firm H4 snags $27m in funding from Goldman, JP Morgan, Barclays
H4 claims that documentation in capital markets is ripe for change.
US and French regulators team up to ease fintech market entry
Both regions want to boost their statuses as financial technology hubs.
La Capitol Federal Credit Union picks Corelation’s KeyStone
A go-live is expected in May 2021.
US digital banking rules could change as OCC calls for input
But the regulator is not considering a national bank charter for fintechs.
Real-time payments and fraud: what can be done?
To effectively manage fraud risk, companies should use advanced analytics techniques.
OakNorth partners with major US lender PNC Bank
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
Omega Federal Credit Union deploys Episys on the cloud with MDT
Pennsylvania credit union looks for flexibility with new system.
Varo raises $241m Series D with new investor Gallatin Point Capital
To date, the fintech has raised $419.4 million.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Tink lands second strategic investment from PayPal
As part of the deal Tink will cover all countries in EEA for PayPal.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
ComCard aims to challenge US corporate banking with rewards-based card
The Los Angeles-based challenger aims to “simplify” financial management.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
Financial text message platform Stackin’ lands $12.6m
The fintech says it has more than one million subscribers in just one year.
TIS raises $20m for its B2B payment platform
TIS will use the investment from Aquiline and 83North for its global expansion.
Transact Bank partners with telehealth start-up Hopdoc
Transact Bank’s parent company Transact Pro will facilitate the payments.
Northern Trust to deploy BlackRock Aladdin in new partnership
Chicago-based corporate bank extends “long-standing relationship” with BlackRock.
Mambu snaps up MD for North America arm from Finastra
Johanna Pugh spent four years at core banking provider Finastra.
Credit fintech Curu lands $3m in seed funding
The start-up offers an integrated SaaS product for lenders.
Getting reconciliation right in the “decade of data”
FinTech Futures sat with Douglas Greenwell, reconciliation expert at Duco.
Marqeta lands $4.3bn valuation thanks to mystery investor
Marqeta’s customers include Square, Uber, Instacart and DoorDash.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners is taking control of more than 80% of the fintech.
Samsung unveils ‘Samsung Money’ with SoFi
User deposits will be FDIC insured for up to $1.5 million.
MUFG triples investment in credit line fintech Fundbox
The fintech says its Series C has raised nearly $200 million.
InvestCloud kicks of digital transformation at Siebert Financial Corp
US broker-dealer aims for a front-to-back change.
True Sky Credit Union selects Fiserv’s DNA
The Oklahoma credit union plans to transition to a “technology company” for members.
Hyundai Capital America goes live with Sopra’s Cassiopae
Californian captive finance firm completes 15-month project.
Pacific National Bank launches digital challenger Facile with Nymbus
The bank is using Nymbus’ SmartLaunch technology.
Ecommerce platform Shopify to launch ‘Shopify Balance’ for businesses
The account offering will land in the US later this year.
Raisin launches deposit solutions for US banks and credit unions
The fintech wants to help US retail banks offer personalisation.
First Data agrees to $40m FTC settlement
The money will be used to provide refunds to consumers who may have been harmed.
Visa invests in cloud-based analytics platform GoodData
Visa will co-create data products with the cloud-based firm.
WorldRemit chooses Onfido to further automate its account onboarding
Onfido will automate WorldRemit’s KYC decision-making process.
Brex lands $150m to continue small acquisition spree
In March, Brex acquired three San Francico-based start-ups.
Swiss fintech Lykke launches blockchain initiative with ‘Crypto Dad’
“We have to leverage the tech that’s there,” says Lykke’s CEO.
Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist
Goldman Sachs, “weakening biz model” would “force a merger,” says Charles Gasparino at Fox Business.
