Caixa Econômica Federal signs 20-year payments deal with Fiserv
New merchants acquiring deal covers transactions online and in-person.
Banking
Blackstone to acquire additional stake worth $2.8bn in IT firm Mphasis
Blackstone intends to build Mphasis into a $10 billion-valued company.
The edge: the bridge between banks and their customers
Banking is predicted to see the biggest impact of edge computing.
Brex closes $424m Tiger Global-led round at $7.4bn valuation
“We have all types of businesses now signing up for Brex,” says co-CEO.
Nedbank and Mastercard launch WhatsApp payments with Money Message
South African bank aims to provide easy payments to small businesses.
Mizrahi-Tehafot Bank picks up Finastra payments solution
Israel-based bank extends partnership with Finastra.
11Onze launches Facebook-style private social network
Customers can also access over 200 informational videos via 11Onze TV.
Locality Bank picks Nymbus to power new digital-first community bank
The neobank in Florida is launched in response to the “rallying cries” of small businesses.
Fi partners with Federal Bank to launch neobank for millennials
Features include a flexible deposit product and rewards for saving money.
BMO Harris Bank teams with Hope Trust to trial services for special needs clients
Hope Trust is a tech-based planning service and trust administration platform.
What the Fintech? | S.2 Episode 9 | Keeping up with the Coredashians
EngKok Chong, chief digital officer at Infopro, joins us on this latest episode of the What the Fintech? podcast.
ICYMI funding round-up: Percent, Till Financial, Plooto, Nelo & more
More weekly funding deals which may have flown under your radar.
VTB Bank values ongoing digital transformation at $1.5bn
Russian bank expects change programme to reap rewards in the next few years.
Banca Sella and Workinvoice form Italy’s first open banking partnership
The partners will provide end-to-end digital financial services to corporates.
Meet Leo: Gen Alpha
Leo is ahead of many banks when it comes to cloud technology.
Banking-as-a-Service: who is it for?
BaaS goes well beyond classic outsourcing models like ITO and BPO.
Webinar: Digital identity verification – reducing friction in online account opening
Hear industry experts discuss digital identity verification and the secret to digital account opening success.
Video: fintech news pick of the week – Santander, Starling & more
A top pick of stories from the world of finance and tech in video format, weekly.
Penta co-founder Jessica Holzbach exits fintech after four years
She exits “at her own request to seek a new professional challenge”.
Saudi Arabia launches new real-time payments system with IBM and Mastercard
The kingdom enlisted the help of IBM and Mastercard for the roll-out.
Square goes on hiring spree ahead of new banking product launches
Square is “building a suite of new financial products”.
Danish neobank Lunar acquires Swedish lender Lendify
The deal, which is pending regulatory approval, is expected to close by mid-May.
MVB Bank snaps up majority stake in Indianapolis fintech Trabian
The value of the stake remains undisclosed.
Welcome Tech raises $35m in Series B funding round
The money will go towards expanding Welcome Tech’s portfolio of financial services.
Nymbus lands $15m fresh investment from Financial Services Capital
Core banking vendor has now landed $31 million from the investor.
Development Bank of Wales picks EQ Credit Services for lending
The bank reports a 72% increase in loan customers since 2020.
Why banks need to embrace the new normal
The banking industry’s definition of normal hasn’t been normal for a majority of customers for years.
Low-code start-up FintechOS lands €51m Series B
The round will fund FintechOS’ international expansion beyond the UK and Europe.
Santander migrates 60% of IT infrastructure to the cloud
Santander is “very well placed against large European banks”, says the bank’s global CTO.
UK takes first steps towards CBDC with launch of new taskforce
The taskforce will now set out to identify the UK’s use cases for a CBDC.
Path Solutions gains first Ethiopian client in Bank of Abyssinia
Bank of Abyssinia has over 4.6 million customers and 580+ branches and Islamic windows.
SAP spins out financial services operations in deal with Dediq
SAP launches new FSI Unit to deal in financial services, with a 20% stake in it.
Routable raises $30m in Series B funding to boost B2B payments
Seattle fintech nabs bumper round from a handful of angel investors.
Hana Financial Group completes cloud migration with Oracle
South Korean firm shifts 15 million customer accounts off premises.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
ICYMI funding round-up: Cardlay, Revix, Numidia, Payable & more
A round-up of the funding you may have missed this week.
Solarisbank among first German fintechs mulling Spac deal
The BaaS provider is aiming for a billion-dollar valuation.
New Zealand introduces world-first climate risk reporting bill for banks
The bill will cover all banks with total assets topping NZD 1 billion.
LA fintech Ensemble is helping divorced parents navigate their kids’ finances
App features range from organising one-off expenses, to saving for college tuition.
Blockchain firm ConSensys raises $65m from major banks
ConSensys raises cash following company restructure.
