ICYMI funding round-up: OptioPay, Payslip, Mamo, Telda, StudentFinance, Algbra
An ‘In Case You Missed It’ (ICYMI) list of funding picks.
Digital
Vodacom launches “super app” in South Africa with Alibaba’s help
“We see this super-app as a precursor to M-Pesa’s evolution,” says CEO.
US Century Bank picks NCR digital banking platform
$1.4 billion-asset bank impressed by “consistent” look and feel.
nCino wins first German client in Hamburg Commercial Bank
Accenture will provide project management, design, development and testing.
Asia Alliance Bank becomes second ICSFS client in Uzbekistan
New system selection hot on the heels of Trustbank at the start of the month.
UnionBank plans total cloud migration with Amazon Web Services
It aims to be the first entirely cloud-hosted bank in the Philippines.
OmniLatam buys itself back from bankrupt financer Greensill
Despite its parent’s insolvency, OmniLatam claims it has “experienced record growth”.
CleverCards to gain EMI licence via M&A, raises Facebook exec-led €10m round
Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
Webinar summary: getting to market faster by outsourcing PCI compliance
How to get to market faster and decrease the direct and hidden costs associated with PCI compliance.
BNPL Laybuy raises $27m for UK growth drive
The start-up last raised debt financing in late July 2020.
BukuKas raises $50m Series B just four months after Series A
BukuKas’ CEO Krishnan Menon previously worked at Alibaba-owned Lazada Indonesia.
Pine Labs raises $285m in venture funding to reach $3bn valuation
Merchant payments platform Pine Labs plans regional expansion.
Glenhawk plans lending boost with cloud-based Finastra system
New UK non-bank lender sets up automated platform in the back office.
Wintersmith
A lot of businesses & software projects aim to be Disney princesses but end up as “a bit of a Frankenstein”.
Safaricom mulls M-Pesa partnership with Amazon
A wider partnership with Amazon “is important”, says CEO.
Amount raises $99m Series D to reach unicorn status
US fintech counts HSBC, TD Bank, and Barclays among its customers.
HSBC launches multi-currency business wallet to rival fintech providers
HSBC says businesses can “pay like a local”.
Navigating a cyber-normal world
We live in a world where simply clicking on a link means ‘game over’.
Why EU regulators are pushing for more explainable AI
The EU regulators are seeking to mitigate undesirable outcomes and risks arising from AI-generated decisions.
Planning your payments for infrastructure modernisation
Preparing to modernise your payments infrastructure is similar to building a travel itinerary for a trip.
Executive checklist: Hybrid cloud infrastructure for payments
Questions to consider as you evaluate a hybrid cloud implementation.
Analyst paper: Payments modernisation in retail banking
Re-evaluating current infrastructure and payments capabilities at banks has become necessary.
Goldman Sachs plans UK app launch, robo-adviser for 2022
the UK makes up just under a third of Marcus’ $100 billion deposit total globally.
Abu Dhabi Islamic Bank picks FIS Open Payment Framework
UAE-based bank seeks to capitalise on customers paying digitally.
ETX acquirer Guru Capital snaps up fintech start-up Oval Money
Launched in 2017, Oval’s mobile app claims more than 100,000 “active” users.
Treasury Prime raises $20m in Series B cash to fuel BaaS expansion
The firm anticipates a rise in demand for its services in 2021.
Scottish Equity Partners invests in compliance firm FundApps
FundApps says it can “transform” investment management.
Fintech funding deals globally 10-16 May 2021
Featuring Gojek, Ethos, CloudWalk, Yuanbao, and Athena.
UK government should confirm that NFTs are “works of art”
The UK’s legal and regulatory framework has lagged behind in the rapidly moving NFT area.
Video: pick of the week – Bahrain to pilot digital currency; Facebook shifts crypto venture to US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Shortlist announced for PayTech Awards 2021
Register for the digital gala and networking on 8 July 2021 – it’s free to attend and open to everyone.
FE fundinfo acquires cashflow planner CashCalc
“Cashflow planning is a key component of an adviser’s process”.
Pockit customer forced to send bailiffs in battle for locked funds and rent money
Pockit owes the customer a total of £352.
US Bank and Plaid sign API integration deal
US Bank customers will use Plaid APIs to connect to third party services.
Omnio raises €30m to expand BaaS product across Europe
UK-based provider is also seeking to launch a future IPO.
State of play: digital wallets / super apps
What does it take for a digital wallet to achieve the “super app” status?
Video: Top fintech stories this week – 14 May 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
ICYMI funding round-up: Mavience, VitraCash, KogoPay & more
We round up another selection of deals you may have missed.
PayPal deepens Google Cloud relationship with new infrastructure deal
Google Cloud to help PayPal process transactional data “at massive scale”.
Degussa Bank plans new credit card launch with Nets
It is the first partnership of its kind for the Nets in Germany.
