Fear of enforcement uptick just compliance theatre, says AML panel
“Compliance doesn’t solve financial crime,” says Fenergo’s Rachel Woolley.
“Compliance doesn’t solve financial crime,” says Fenergo’s Rachel Woolley.
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
“These kinds of transactions can be risky for customers and the banks that serve them.”
Intel Capital leads the latest round for network company.
The start-up hopes to speed up go-to-market times.
The $1.7bn credit union needs 12 employees to maintain its legacy system.
Blind allegiance has seen the BNPL sector explode in 2020.
Comarch Cloud Factoring enables managing the entire lifecycle of an invoice with no paperwork involved.
The latest round follows a seed round from August.
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
“Advisors are increasingly seeking intelligent, automated tools,” says bank.
69% of enterprise executives think AI is “essential” for responding to cyber threats.
Fetch Rewards has raised $131m since 2013.
US bank holding company to deploy NCR at 180 locations.
FinTech Futures’ weekly news round-up.
“[The] banking experience should be as easy as spinning up a virtual server.”
Stripe is looking at products around digital identity.
The fintech removes the need for renters to pay a deposit for a rental property.
US regulator issued a record number of notices this year, even as fines remain roughly the same
Fiserv to identify research and technology needs of AACUC members.
Australian neobank plans “Credit Jar” to help users build their credit scores.
Stripe could see its valuation quadruple in just two years.
S&P Global’s shares have risen 25% in New York this year alone.
Novi’s digital wallet is “ready from a product perspective”.
FinTech Futures’ weekly news round-up.
Square enjoyed a 4% jump in stock market value following the announcement.
Oportun currently has licences in 12 states.
Daniel Piangerelli departs two years after Finastra acquisition.
The capital will go towards Current’s product offerings.
To date, the fintech claims it has surpassed $90 million in customer deposits.
Figure wants to simplify its regulatory and compliance procedures.
Daylight promises a range of LGBTQ+ services to support its customers.
Finastra to deploy Phoenix on the Microsoft cloud.
The Iowa-based bank replaces several legacy systems
Plex will sit in the wider, revamped Google Pay app.
Better claims to have funded $25bn in home loans since 2016.
Gemini launched in the UK two months ago.
Founded in 2017, the bank has raised $26m so far.
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
MSU holds around $5.5 billion in assets and is America’s 48th largest credit union.