Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
The San Francisco-based challenger has landed a $40 million Series D.
The US loans company is absorbing all Stack employees.
It also signalled its intention to move more of its workforce to Texas.
She joins LenderClose with more than 25 years in information technology leadership experience.
The app and smart card launched more than two weeks ago.
Verse will join forces with Square’s Cash App.
The acquisition is IBM’s first since its $34bn buyout of Red Hat in 2018.
The $1.1bn credit union completed two-year migration.
AmEx won initial approval in 2018 for a bank card clearing licence in China.
The bank aims to help the NHS put 500 young people in jobs.
The fintech to provide receipts management in Chase’s banking app.
The regulators will build a “referral mechanism” between their fintech sandboxes.
The combined system made its first transaction on 10 June.
FinTech Futures’ weekly news round-up.
Stripe will directly compete with UK home market player GoCardless.
The round was led by Fintop Capital and Next Frontier Capital.
Corelation gains a pair of go-lives in Hawaii and Pennsylvania.
Left Lane Capital led the new round, brining M1’s total raised to $55m.
Sellers can avoid the 3.9% international transaction fee.
The old system has been in place since the early 2000s.
The Islamic finance industry is set to grow to $3.8tn by 2022.
Dell Technologies and World Wide Technology discuss the technology challenges facing FIs.
H4 claims that documentation in capital markets is ripe for change.
Both regions want to boost their statuses as financial technology hubs.
A go-live is expected in May 2021.
But the regulator is not considering a national bank charter for fintechs.
The acquisition is expected to close in Q4 2020.
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
FinTech Futures’ weekly news round-up.
New York-based cloud communications firm Cloud9 Technologies has raised $17.5 million is a Series B funding round.
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
Pennsylvania credit union looks for flexibility with new system.
To date, the fintech has raised $419.4 million.
In Q1 of 2020, Nubank acquired 42,000 users each day.
As part of the deal Tink will cover all countries in EEA for PayPal.
Bitcoin reclaimed its $10,000 territory on Monday.
Lifecycle management firm secures first external capital raise.
The Los Angeles-based challenger aims to “simplify” financial management.
Two of America’s largest money transfer and remittance services could be joining forces.
The fintech says it has more than one million subscribers in just one year.