Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
USA
Square lands conditional banking licence from FDIC
The bank will be based in Utah.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
Neobank for America’s middle-class One lands $17m Series A
The 40-person challenger has opened early access to its private beta.
US challenger Cogni to create lifestyle hub, starting with banking
The challenger wants to be the ultimate “operating system” for lifestyle.
US Bank connects customers with Fiserv data solution
API-based service to aggregate US Bank customers’ data.
Crypto start-up Bakkt lands $300m Series B from Microsoft and PayU
The fundraising was closed last Friday, the same day Bitcoin experienced a multi-month low.
Central banks free up US dollar liquidity amid coronavirus pandemic
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
Amazon VP Maria Renz joins Californian fintech SoFi
For a time, Renz was Bezos’ first and only female adviser.
Agora Services lands $2m in seed funding
The founder previously built French digital bank Fortuneo.
Accuity buys London fintech Apply Financial
The deal builds on Accuity’s account validation solutions for FIs.
BandPay lands $2m to help musicians get paid
“This is a crucial investment,” says co-CEO.
SpotOn raises $50 million in Series B featuring former Twitter CEO
Payments firm plans to extend product development.
Neyber sells up to biggest rival Salary Finance
The sale is “understood to have seen Neyber’s assets sold for a meagre sum”.
SME challenger bank NorthOne raises $21m Series A
New York-based challenger plans to splash the cash on customer acquisition.
Western Union refunds $153m for scam victims
Western Union agreed to pay $586 million in monetary relief following a 2017 scandal.
CFPB files account fraud lawsuit against Fifth Third Bank
US regulator claims bank opened credit accounts without customers’ permission.
Credit Sesame launches new digital bank account Sesame Cash
A banking offering will engage customers beyond just improving credit.
Paytech firm QRails raises $8m in Series A funding
Colorado-based firm brings total funding raised to $18 million.
San Fran money manager Empower Finance lands $20m Series A
“There’s growing demand in the market for financial knowledge to be more practical,” says CEO.
FirstBank picks Finxact to replace 35 year-old core banking system
Colorado-based bank is among early takers of Finxact’s core banking system.
Family finance app Jassby raises $5m, anticipates $20m round later this year
CEO says rounds will drive fintech closer towards 1 million users within a year.
Challenger bank Copper latest to tap America’s teens
Copper is yet to reveal its launch date but has opened a waiting list to teens.
Leap Finance raises $5.5m to help finance Indian students abroad
Start-up wants to change the way students are given credit.
Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
Vantage Bank Texas signs up Backbase to revamp digital banking
Texan back seeks consolidation under one system following 2018 merger.
Money management app Emma bags $2.5m in seed funding
The fintech connects users’ bank accounts under a single dashboard.
US challenger Branch partners Cardtronics to offer fee-free ATM service
Minneapolis-based Branch expands fee-free network.
Flywire’s CEO on unicorn status: “It means nothing until it is something”
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
Meet Equifax’s data privacy partner since 2018
FinTech Futures speaks to Active Navigation’s chief revenue officer Dean Gonsowski.
Visa partners with Clinc to offer clients conversational AI
The Michigan-based firm serves 35 million end users.
First State Bank makes account processing switch with Fiserv
Illinois-based bank looks to improve efficiency following acquisitions.
How AWSM Bank plans to turn teenage financial literacy into a reality
The neobank is “very close” to its Q2 launch this year.
Jack Henry gets three-in-one deal for SilverLake with New Hampshire Mutual Bancorp
Three banks have migrated or will be migrating to cloud hosted SilverLake system.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Robinhood outage locks users out of recovering US market
Many users are now trying to seek class action against the app.
Public.com raises $15m with help of Will Smith and JJ Watt
The trading app is focused around making investing ‘social’.
Capital One announces US branch closures
37 branches are set to be shuttered by the company as customers go digital.
The allure of omnichannel: New functionality, seamless SMB journeys
With the right software in place, the ATM can play a new role.
JP Morgan hires Capital One’s Gill Haus to lead digital technology
Gill Haus starts this week as head of digital technology for the consumer bank.
