AI analytics platform FinTech Studios raises $5.1m
The company uses AI, NLP and ML to aid decision making.
USA
Greenlight raises $54m to release debit card for kids
Greenlight’s app can monitor children’s spending and set savings goals.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
Plaid reveals strategic investments from Mastercard and Visa
Plaid says there’s opportunity to align with Visa and Mastercard.
Insurtech Broker Buddha raises $4.5m in round led by Vertex Ventures
Vertex Ventures says Broker Buddha is “driving significant industry change”.
Data-cleaning platform Trifacta raises $100m
The funding round will open untapped industries to Trifacta.
CFPB and state regulators launch US consumer network for fintech
The network will drive competition, consumer access and financial inclusion.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
DN Intersect 2019: US Banks are “already beaten” if they ignore APIs
“It’s time the US starts paying attention to open banking.”
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
DN Intersect 2019: DN battles with banks to win trust in the automation race
DN says banks are “very rigid” with AI-automated ATM functions.
DN Intersect 2019: Apple Card to be “most successful bank account launch in history”
“If you don’t go mobile […] then you’re going to look like Nokia,” says Richard Crone.
DN Intersect 2019: Libra is the “biggest greenfield opportunity” for banks
There are fears banks have missed the boat with Libra.
DN Intersect 2019: Forrester insists digital is “the least important” for customer loyalty
The research publisher says human interaction is “the most important” factor.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
DN Intersect 2019 Day 1 key takeaways: ‘Branches are here to stay’
FinTech Futures shares Diebold Nixdorf’s latest insights live from Las Vegas.
DN Intersect 2019: Co-op calls for greater fintech integration to combat fraud
It pins the low adoption rates down to a lack of education and tedious back-end processes.
AI firm Syte eyes global expansion with $21.5m funding
The company will branch into visual AI-powered personalisation.
DN Intersect 2019: TwinStar can finally innovate with new cloud solution
Now credit unions can work within a tile framework.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
BigID raises $50m in Series C funding round
BigID has now raised more than $96 million.
Happy Money raises $70 Million in Series D round
The fintech evaluates “happy” and “sad” spending patterns.
Stripe announces new lending arm Stripe Capital
Loans will be based on the customer’s transaction activity on Stripe.
Even Financial raises $25m in investment round
Even has now raised a total of $50 million.
Accion Venture Lab adds $33m to new fintech fund
The lab’s total capital under management is now $42 million.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Kabbage acquires Radius Intelligence to expand its data library
Kabbage is backed by SoftBank and lends up to $250,000.
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
The uphill battle for European challengers success in the US
Find out if European neobanks can tackle the challenging US market.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Baton raises $12m for blockchain-inspired b2b solution
Baton allows banks to avoid overhauling their existing systems.
Credit Sesame raises $43m ahead of IPO
The firm is on course for a $1 billion valuation.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
The key segment to nurture in 2020 and beyond
The biggest challenge may be the paradoxical ways SMBs view their relationship with their bank.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
