Open banking – a new stage in financial inclusion
Open banking is getting more mature day by day, and it keeps financial inclusion among its top priorities.
API
Trulioo hires product veteran Michael Ramsbacker as its first chief product officer
Ramsbacker will be developing intelligent workflow systems designed to maximise verification rates.
Digital asset fintech Zero Hash lands $105m in Series D round
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
Brex hires Meta product head Karandeep Anand as CPO, lands $300m funding
Since its founding in 2017, Brex has raised a total of $1.2 billion.
Indian paytech Cashfree to double workforce this year
The company plans to have a 950-strong workforce by the end of 2022.
How US banks can benefit by embracing open banking
President Biden recently announced plans to promote new rules to foster open banking in the US.
The state of the API economy
The has been a significant shift away from viewing APIs merely as developer-led internal bits of technology.
How does the open banking initiative turn into a revolution?
For open banking to really flourish, it must address issues relating to consumer awareness.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
MoneyLion acquires embedded finance marketplace Even Financial for $440m
The acquision is expected to add $90m of revenue for MoneyLion.
Digital asset infrastructure provider Anchorage raises $350m in Series D round
The round, led by global investment firm KKR, values Anchorage at over $3 billion.
Noname Security becomes first API security unicorn with $135m Series C raise
The platform says it blocks over 1,000 attacks per day against its customers.
NatWest and TrueLayer conduct first series of variable recurring payment transactions
NatWest is the first of the nine largest UK banks to conduct VRP transactions in a live environment.
Crypto infrastructure start-up Ramp raises $52.7m in Series A round
Ramp will use the cash to drive expansion and further product development.
APIs, open banking and the changing face of financial services
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
The path forward for open banking payments
At a time when banks have lost ground in the market, open banking payments provide an opportunity to respond.
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
Landsbankinn prepares for PSD2 with Salt Edge
Iceland’s largest bank will utilise Salt Edge’s international experience and compliance solution.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
What is the next stage of open banking and how do we get there?
While many people speculate on the future of open banking, let’s look at where the industry is going next.
Flinks and National Bank of Canada launch open banking solution
The launch comes amid frustration at the slow pace of open banking in Canada.
SME neobank Open launches new embedded finance platform Zwitch
Open says Zwitch has already helped 10 start-ups embed financial services.
ICYMI funding round-up: Pomelo Pay, Nudge, Recordent, fintus, EarlyBird, WLTH, and Basiq
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
The right way to build a fintech
Fintech entrepreneurs need to ensure they get back-end processes right when launching their business.
$140m Series E funding takes Expel valuation to over $1bn
The US-based detection and response (MDR) provider has secured $258 million in financing to date.
Fintech funding deals globally 15 November – 21 November 2021
Featuring Gemini, Upgrade, CloudWalk, EasyHealth and Airwallex.
ID platform Alloy selected by LGBTQ+ digital bank Daylight for customer verification
Alloy’s API-based platform will be used to automate the bank’s identity verification process.
Legacy systems in banking: the major barrier for digital transformation
Modernisation of the core banking system is exactly where the transformation journey begins.
Wealth infrastructure API platform Atomic raises $25m Series A funding
The San Francisco-based company will add scale and headcount with funding round.
Is customer experience at the centre of your digital transformation strategy?
To compete with fintechs, it’s best for banks to start with the customer experience and work backward.
Standard Chartered taps SAP for SaaS banking connectivity solution
SAP Multi-Bank Connectivity will enhance the transactional banking experience for corporates, the bank says.
ICYMI funding round-up: Tarabut Gateway, TotallyMoney, Quartr & more
Another collection of funding rounds and raises from all over the world you might have missed.
ClearBank partners SME bank Recognise to provide Confirmation of Payee
CoP dramatically reduces the risk of fraud, says ClearBank CEO.
Aiimi wins £1.3m data analytics contract with FCA
Milton Keynes-based data firm wins regulator contract running until April 2024.
Open banking’s failure
The impact of open banking is on the scale of the industrial revolution. It just needs time to fully play out.
ID verification firm Socure valued at $4.5bn following $450m Series E round
The fintech plans to use the cash to develop new products, enter new markets and hire more staff.
Can super apps save the day for SMEs and their banks?
Digitisation needs to be at the heart of the next wave of SME banking services.
Paytech start-up Extend raises $40m in Series B round
The New York start-up wants to modernise the payments industry “from the inside out”.
FinTech Futures Jobs: Three exciting roles to apply for in November
Exciting vacancies at Finastra, OakNorth and Grant Thornton. Apply today!
BBVA enters open finance partnership with Italy’s Sella
The European multinationals will utilise open banking platform Fabrick.
