Financial software vendor Savana closes $45m Series A round
The funds will be used to support the growth of the company’s Digital Delivery Platform.
The funds will be used to support the growth of the company’s Digital Delivery Platform.
The new combined entity intends to deliver “financial empowerment and product innovation”.
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
The fresh capital takes the bank’s total funding to date up to $160 million.
Magats will start his new role on 17 August and will also join the firm’s board of directors.
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
The new platform will allow businesses to optimise the rate they’re generating on their cash balances.
“The process of searching for a new core was rigorous,” says Movement Bank’s president.
MVB Bank has become the first live user of the RTP Send functionality offered by Victor Technologies.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Ulrich Körner replaces Thomas Gottstein, who is leaving Credit Suisse after 23 years.
According to The Wall Street Journal, a deal is far from certain and could be weeks in the making.
The company secured $200 million in a Series C round led by Tiger Global earlier this year.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Midigator automates the chargeback dispute response process and provides real-time data to businesses.
Jackowski will work to “further integrate” Mastercard’s ESG strategy into the organisation.
UK-based fintech firms received $9.1 billion in investment spread across 294 deals in H1 2022.
The fresh capital takes the company’s total funding to $87 million.
The lawsuit alleges Apple “coerces” consumers who use its devices into using Apple Pay for contactless payments.
Goal-based financial planning features will be made available to Rabobank’s customers.
A new cartoon by Ian Foley illustrating why fintechs should view risk management as a core competency.
Arvest says it plans on overhauling its current IT systems, including migrating its data centres to Google Cloud.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Investors include Morgan Stanley’s Next Level Fund and Mastercard.
CEO Colin Walsh says the firm is “not immune to the impacts of our current environment”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The CFPB has fined the bank $100 million, while the OCC has separately issued a $125 million fine.
The new combined solution will allow clients to issue, transfer and securely keep regulated digital assets.
Mahalo Banking provides online and mobile banking solutions for credit unions.
The solution leverages analytics, AI and cloud to deliver “instant” credit decisions to support digital lending.
The Series B round was led by Google Analytics co-founder Wesley Chan’s new fund FPV Ventures.
Booe previously spent over 27 years at FIS as the firm’s deputy chief compliance officer.
The company plans to use the fresh capital to grow its team and extend its product offerings.
BPC’s SmartVista solution will enable NanoPay to better protect its credit card customers.
The acquisition will help build out Flywire’s existing education business.
The firms say the move will enable banks to embed FX services “directly” into corporate and branch channels.
The merger was initially announced earlier this year.
ANZ CEO Shayne Elliott says the acquisition is a “cornerstone investment” for the firm.
The investment brings the company’s total funding raised since its inception in 2017 to $69 million.
The new funds will be used to pursue M&A opportunities.