Equitable acquires Concentra to become Canada’s seventh largest bank
Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
News
Private equity firm Madison Dearborn Partners to acquire MoneyGram for $1.8bn
The transaction is expected to close in Q4 2022.
Low-code platform for financial markets Genesis raises $200m
Genesis’ new round of $200 million in financing was led by Tiger Global Management.
Billtrust grows European presence with Order2Cash acquisition
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
Webinar: Leveraging open banking to gain a holistic view of your clients’ finances
Explore how open banking can help you identify and support your clients’ unique financial needs.
Trulioo acquires HelloFlow to create “end-to-end identity platform”
HelloFlow is a no-code builder of client onboarding, monitoring, and digital workflow solutions.
Temenos goes live at Commerce Bank, makes new senior hire to drive sales
Ex-Tibco senior exec Erich Gerber joins Temenos as president and chief revenue officer.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Wealthtech FNZ secures $1.4bn investment
The company says the investment is one of the largest ever primary equity raises in the sector.
Former Google Cloud product lead Amir Hermelin joins FICO as CTO
At Google, Hermelin was in charge of planning and executing the tech giant’s cloud platform strategy.
Compliance tech provider Sardine raises $19.5m in Series A
New funding came from Andreessen Horowitz, NYCA and Experian Ventures.
Diebold Nixdorf names new president and CEO as Gerrard Schmid steps down
Octavio Marquez is taking over the CEO and president role on 11 March 2022.
ICYMI fintech funding round-up: Brick, Cynomi, Infina, Fintern, Pyypl, Streetbeat, Tiba, & more
Our weekly round-up for you to get the latest fintech funding news.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Form3 poaches senior Swift exec to drive US expansion
Dave Scola moves from Swift to become Form3’s US chief executive.
FIS names new president, Stephanie Ferris
Ferris joined FIS through its 2019 acquisition of payments software firm Worldpay.
Open Banking Expo’s CBDC conference to return for a second year
The virtual conference will be held on 10 March 2022.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
GoCardless joins unicorn club with $312m Series G funding
The direct bank payment solution provider is now valued at $2.1 billion.
Intesa Sanpaolo partners Thought Machine for new digital bank offering
The new digital bank will cater to the 4 million Intesa Sanpaolo customers already utilising digital-first services.
Webinar: Bank customers forgetting their password is safer than having one at all
How a password-less approach to authentication can fully address all the limitations of passwords.
Mos secures $40m Series B funding to drive product expansion
The cash will go towards hiring new staff as Mos looks to maintain its recent growth spurt.
US start-up LoanStreet closes $25m Series B funding round, eyes Canada
Founded in 2013, LoanStreet claims 1,200+ US banks, credit unions, and direct lenders as customers.
Fiserv acquires rival core vendor Finxact for $650m
Finxact was set up in 2016 to bring a modern, cloud-based alternative to the US market.
KeyBank taps Google Cloud for cloud banking operations upgrade
The move will allow KeyBank to speed up the digitisation of its banking processes.
Fintech funding deals globally 31 January – 6 February 2022
Featuring FTX, Chargebee, Koho, Phantom and League.
B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
Bank of Baroda taps enterprise tech provider NCR for ATM-as-a-Service solution
The Indian bank says the new ATMs will offer “expanded transaction options via our self-service channel”.
Cartoon: Valuation
A new cartoon illustrating the disconnect between public and private market valuations.
Video: fintech news pick of the week – Diem, SAP & FTX
Our top pick of news from the world of finance and tech in bitesize video format, every week.
White paper: How customer lifecycle intelligence can help every bank & FSI become digital future ready
Brought to you by FullCircl
White paper: Anti-money laundering regulations in 2022
A closer look at some of the changes in the AML regulatory landscape in seven countries around the globe.
HSBC partners and invests $100m in Bill Gates-founded green tech accelerator Catalyst
The bank’s chief sustainability officer says green tech needs investment “to become reality”.
ICYMI fintech funding round-up: Akuvo, BFM, Billhop, Finverity, & LemonEdge
Our weekly round-up for you to get the latest fintech funding news.
Subscription management platform Chargebee valued at $3.5bn following $250m raise
Chargebee CEO says the firm solves infrastructure issues facing high-growth subscription businesses.
UK challenger Monzo opens its doors to US customers
The launch comes four months after Monzo abandoned its attempts to gain a US banking licence.
White paper: Real-time payments – the exciting state of the union
An update on the state of RTP in the US, based on Aite-Novarica Group’s in-depth research.
Goldman Sachs’ veteran tech head Nash Panchal to take over as MarketAxess CIO
MarketAxess COO says Panchal brings “impressive record” of leading global tech organisations.
