White paper: Data’s evolution in the cloud – financial services’ long-time data advantage
New research by The Economist about the banking industry’s attitudes, progress, and aspirations for leveraging data.
Digital
Deko hires former Barclays tech chief as new CTO
Tom Myles joins as CTO along with Rob Fernandes as CPO.
Core banking firm SaaScada hires Paul Payne as new CTO
New core provider on the block builds out executive team.
Paystone raises $23.8m for payments and engagement platform
Canadian company brings total raised in 2021 to $78.7 million.
Unlocking the benefits of cloud
Migrating operations to the cloud is a challenge for even the most digitally focused organisation.
Video: fintech news pick of the week – Visa, FTX and Bank of Ireland
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Paystand lands $50m in Series C funding round
The blockchain-powered payments firm will use the new capital to grow the business.
Nigerian central bank plans October 2021 digital currency pilot
The central bank ordered the cessation of cryptocurrency exchange services in February.
BNPL firm Zilch raises additional $110m in Series B extension
The funding has been led by Goldman Sachs Asset Management and DMG Ventures.
Fintechs will be at the heart of the next wave of security wars
Hackers are rapidly adapting their tactics to target features of modern fintechs.
Fintech funding deals globally 19 July – 25 July 2021
Featuring FTX, Soldo, Spendesk, Zilch and FloQast.
Starling makes Fleet Mortgages its first acquisition with £50m deal
UK challenger looks to expand into mortgages as an asset class.
Webinar: Unmortgage your mortgage processes with data
Learn how to accelerate your journey to a modern, flexible mortgage infrastructure.
Russian central bank asks exchanges to avoid cryptocurrency firms
Bank of Russia asks stock exchanges not to list crypto-adjacent companies.
FinTech Futures Jobs: Three really great jobs to take a look at this week
Exciting vacancies at Plum, Viber and BNY Mellon. Apply today!
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Payments platform Dwolla secures $21m investment
Dwolla’s last venture funding round resulted in a $12 million raise in 2018.
Dear Luc: What’s the deal with embedded finance?
This week someone writes in to ask: how can I get on the embedded finance bandwagon?
FTX Trading hits $18bn valuation with $900m Series B round
The Series B is one of the largest ever funding rounds for a crypto exchange.
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Open banking myths
We are still at the start of the journey with open banking and have yet to see its full potential.
Soldo secures $180m Series C funding round
Soldo says the round is a European record for the spend management category.
US real estate platform Lev raises $30m in Series A
Lev has now raised a total of $44.8 million.
Visa to acquire Currencycloud in deal valued at £700m
Payments giant seeks to strengthen its foreign exchange business.
British Business Bank launches £375m scheme for tech start-ups
The Future Fund: Breakthrough scheme follows on from its now-closed predecessor.
Open banking fintech Yapily lands $51m Series B funding
The funding takes its total raised to $69 million.
Robinhood plans $35bn IPO as crypto arm predicts $30m probe settlement
Retail trading app expects to sell shares between $38 and $42.
Cambridge Savings Bank launches new digital banking solution
Ivy Bank will act as a digital-only division of CSB.
Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Australian fintech Alex secures banking licence from APRA
It’s the first licence to be handed out by APRA in 18 months.
OneFamily goes live with iPipeline’s SSG Digital
UK-based OneFamily seeks more flexibility and adaptability.
Former EU commissioner joins fintech start-up W1tty ahead of planned launch
W1tty’s finance app is set to launch in Poland and Lithuania this autumn.
Student loans start-up Credenc raises $25m from Capital India
Delhi-based fintech uses AI to determine students’ future income.
Is regtech living up to expectations? (And if not, why not?)
Until regtech is embedded into the core processes of wealth management, its potential remains constrained.
Former CBA chief digital officer launches mortgage fintech True Savings
The platform claims to take “less than a minute” to search for home loan options.
Indian payments firm Paytm files for IPO with $2.2bn target
The firm plans to use the funds to strengthen its payment network and explore new acquisitions.
New banking service Dion.Money plans August launch in the UK
Fledgling challenger to run paid-for accounts and offer “personalised” service.
Duco secures Nordic Capital investment to fuel expansion plans
The private equity firm will acquire a majority shareholding in the company.
How COVID-19 has accelerated the use of digital banking solutions in Africa
The past year has seen a clear trend towards the adoption and acceleration of digital banking products.
Fintech funding deals globally 12 July – 18 July 2021
Featuring insightsoftware, Revolut, Lunar, Quantexa, and M1 Finance.
