American Express debuts checking account product for small US businesses
The product has been developed by recent AmEx acquisition Kabbage.
Digital
BlackRock to buy slice of 10x Future Technologies in £132m funding round
10x has been planning a new fundraise since late last year.
Alchemy Partners invests £100m in DNA Payments
DNA will use its new cash to expand in the UK and Europe.
Crown Agents Bank sets out fintech focus with new executive hires
UK-based bank picks up a head of fintech and a new CCO.
Stripe launches AI-based identity verification tool
Stripe Identity aims to help online businesses prevent fraud when accepting payments.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
BMO Harris Bank picks FIS for multi-year core banking transformation
FIS’ Systematics legacy tech out, Modern Banking Platform in, at BMO Harris Bank.
Mastercard and Visa pick new partnerships to drive biometric payments
Mastercard partners with FinGo following Visa’s deal with ADIB.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
Google Cloud’s global head of fintech partnerships bids farewell to Big Tech
Anil Saboo leaves after three years at the Big Tech.
BMO picks AWS in push to become “cloud-first organisation”
The Canadian bank plans to move strategic internal workloads to AWS.
Antelop reinvents digital cards and mobile issuance with a unified solution for banks and card issuing processors
Delivering a full range of digital card features through mobile-only integration, with no back-end dev required.
Exclusive: Unite Global secures second $5.25m investment from Svea
Svea exercised an option to increase its holding from 4.95% to 9.91%.
Wipro hires former Yes Bank exec Anup Purohit as new CIO
Purohit has previously worked in leadership roles at RBL, Barclays and JPMC.
Standard Chartered partners Franklin Templeton to launch financial wellness platform
Autumn will allow users to plan and manage their financial and physical wellbeing.
Bloom Money aims to build migrant-led community finance
Bloom Money describes itself as the app built “by migrants, for migrants”.
Mizuho Bank president resigns after damaging system glitches
The Japanese bank experienced four outages in February this year.
Telkom launches Africa’s first virtual card for transacting on WhatsApp
Telkom Pay users can now use WhatsApp to pay any merchant that accepts Mastercard.
Turning the pyramid upside down: delivering operational excellence in a crisis
How do banks begin along this journey? Is the destination worth it? Well, let’s see.
Nityo invests $100m in Singapore embedded finance fintech MatchMove
The US-based firm will also become the largest shareholder in the company.
Mastercard launches new initiative to support minority-owned fintech start-ups
The Start Path programme aims to support traditionally underrepresented fintech founders.
Orange Bank partners Younited to underpin consumer credit boost
The bank says it strengthens “essential links” in its credit value chain.
European neobroker Scalable Capital raises $180m in Tencent-led funding round
This latest funding round brings the firm’s total capital raised to over $320 million.
Experience-driven banking: experience owners
Experience owners seek to fulfil end-to-end customer journeys for their niche segment.
Klarna raises $639m in SoftBank-led funding round
The BNPL firm claims it is now valued at $45.6 billion.
BBVA cuts Spanish workforce by 13% to survive “tremendous competitive pressure”
The Spanish bank says digital changes and new competitors have forced its hand.
Fintech start-up Nude launches new finance app to help first-time buyers
The app features a number of tools to help aspiring homeowners save up for a deposit.
Virgin Money Australia goes live on Temenos Banking Cloud
The Australian bank selected Temenos in March 2020.
Galileo hires former Google Cloud exec Derek White as new CEO
White replaces Galileo founder Clay Wilkes who will switch to vice chair.
Philippines grants digital banking licence to Unobank holding company
Unobank aims to bridge the financial inclusion gap in its home country.
Financial wellness platform Credit Sesame raises $51m to fuel expansion plans
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
Dear Luc: Should we ditch the plastic bank card?
This week our writer wonders if we should start ditching plastic cards to be more environmentally friendly.
What the Fintech? | S.2 Episode 12 | The cognitive barrier of poverty
Kunal Galav, regional director for EMEA at Mambu, joins us on this latest episode of the What the Fintech? podcast.
Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal
The two parties claim the deal will be finalised later this year.
Federal appeal overturns New York block on US Fintech Charter
The three-judge panel said NYDFS failed to show it had suffered “actual or imminent injury”.
Payments fintech Cashfree lands investment from State Bank of India
Cashfree claims to process more than $20 billion annually.
Singapore fintech Nium acquires B2B travel payments firm Ixaris
The transaction is expected to close early in the third quarter of 2021.
Payfare expands leadership team with new CTO and CPO
Kamran Haidari joins as CTO and Braulio Lam will lead product innovation as CPO.
Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Nubank raises $500m from Buffet-led Berkshire Hathaway in $750m mega-round
The Brazilian digital bank’s Series G funding round has now topped $1.15 billion.
