What the FinTech? | S.4 Episode 17 | Open banking innovation
In this episode of the podcast, we’re joined by Arthur Ribakovs, Director of Financial Partnerships at Ecommpay.
News
US Treasury grants Truist $65m NMTC allocation to spur investment in underserved communities
It is the twelfth time Truist Community Development Enterprises has received an allocation.
US fintech Stash lands $40m in funding and appoints Amy Butte as independent audit chair
The company has now raised more than $500 million since its inception in 2015.
Demystify Podcast: Demystifying DeFi with U-Zyn Chua, CTO and co-founder of Cake Group
U-Zyn Chua delves into the history of DeFi, the impacts of the crypto winter and why he is so bullish about the future.
Block acquires musician-focused fintech start-up Hifi
The deal is thought to complement Block’s 2021 acquisition of Jay Z’s music streaming service Tidal.
US payments start-up Braid winds down operations
The start-up offered a multi-user financial account where consumers could pool their money and make payments.
Video: Genpact at FinovateFall 2023 – Generative AI across the banking value chain
We chat with Anu Sachdeva of Genpact about the key use cases and benefits of generative AI in banking.
FinTech Founders Video: rewind and fast forward
Fintech founders reflect on the past year and ponder how to move forwards.
Puerto Rico’s Arival Bank names Nishi Gupta as chief compliance officer and general counsel
Gupta joins Arival Bank from US-based consumer fintech company Eco, where he served as head of compliance.
Brokerage platform Alpaca plots Asian expansion with SBI partnership
As part of the strategic partnership, SBI Group has also made a $15 million investment in Alpaca.
Paytech NMI acquires Sphere’s commercial division to boost underwriting and risk management capabilities
NMI provides payment gateway and processing solutions to businesses looking to diversify their payment methods.
FinTech Futures: Top five stories of the week – 13 October 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Untangled Finance, Kennek and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Founders Video: acquiring funding – bootstrapping vs external
In this brief video, fintech founders share their learnings on how to attract funding.
GreenSky sold to Sixth Street-led investor consortium, Goldman Sachs confirms
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
FinTech Founders Video: tips and surprises
Fintech founders provide useful tips on funding and share the surprises they encountered.
Fiserv snaps up Brazilian EFT software distributor Skytef
Skytef has been distributing Fiserv’s electronic funds transfer solution SiTef since 2002.
CFPB issues guidance to stop big banks from charging “illegal junk fees”
The CFPB has made it clear to banks that people are entitled to get basic information without having to pay junk fees.
FinTech Founders Video: ideal investors
Fintech founders share their advice on how to acquire funding and what makes an ideal investor.
FinTech Founders Video: funding strategy
Useful insights from fintech entrepreneurs and founders on funding and the best strategies.
Financial safety start-up Carefull secures $16.5m in Series A funding
Carefull’s tech helps banks and wealth advisors protect senior customers from financial fraud.
Video: Infosys Finacle at Sibos 2023 – Recomposing banking and the importance of ethical AI
We chat with Infosys Finacle CEO Sanat Rao about the need for banks to continuously evolve to remain competitive.
Republic Bank of Arizona taps Biz2X for business lending platform
The bank wants to “make it easy for Arizona businesses to get the capital they require for growth”.
Video: Genesys at FinovateFall 2023 – Modernising the customer experience in banking
At FinovateFall 2023, we spoke with David Porter of Genesys about how banks can enhance their customer experience.
US-based Honor Bank goes live on nCino’s commercial banking platform
nCino says that Honor Bank was able to implement its solution and go live in “just six months”.
Video: DTCC at Sibos 2023 – Cybersecurity and the evolving threat landscape
We speak with Jason Harrell of DTCC about the emerging cyber threats financial institutions should be prepared for.
Four new clients set to go live on Mbanq’s BaaS platform in Q4 as company reports strong growth
Mbanq says it will support the launch of four new digital banking services in the US by the end of the year.
UK’s FCA orders electronic money issuer Nvayo to suspend operations
Nvayo says that it “is working with the FCA to resolve their concerns and hope to find a solution”.
Banking Tech Awards USA 2024 nominations are now open!
Nominations for the Banking Tech Awards USA 2024 are open until 9 February.
Pioneering innovative partnerships: Unveiling the game-changing fintech hybrid model
Watch this video for an in-depth look at The Greenlend Project.
Revolutionising SME financing: How Banca AideXa uses AI and open banking to support SME growth
We explore how Banca AideXa uses artificial intelligence (AI) and open banking to revolutionise online financing.
BaaS fintech Synapse lays off 40% of staff in fresh round of job cuts
In a statement, Synapse says it has “a strong group in place” to manage its operations and customers.
Kazakhstan fintech Freedom reportedly under investigation by SEC, DOJ
According to documents seen by CNBC, the SEC’s Boston office has been investigating Freedom for months.
American Express to pilot biometrics for online transactions
The biometrics have been developed by the FIDO Alliance and the World Wide Web Consortium.
Banc of California joins Rise Economy for $4.1bn community benefits plan
The plan succeeds the bank’s merger with PacWest Bancorp in July, combining assets valued at $36.1 billion.
UK fintech ieDigital acquires CUSO Connect FSS to tap US market
The two companies will become part of the new ieDigital Group, but will, at this time, retain their separate brands in their respective markets
ICYMI fintech funding round-up: Mantle, SaaScada, Rainforest and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five stories of the week – 6 October 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Clearco completes recapitalisation, secures $60m Series D funding and $100m financing facility
The recapitalisation comes after the Canadian growth capital firm carried out significant job cuts over the last year.
National Australia Bank taps US fintech Trovata to launch new treasury solution
The bank’s venture capital fund previously participated in Trovata’s $27 million Series B in June 2022.
