The Cambridge Building Society migrates to Azure cloud with DPR
DPR provides its mortgages and savings platform on the cloud for the society.
Financial Services/Finserv
Digital lender Blend raises $300m in Series G funding round
Lending firm plans to expand team and grow its products with the substantial raise.
Indonesia’s BukuKas lands $10m led by Sequoia Capital’s Indian arm
BukuKas says it already serves some 3.5 million customers.
Fostering a growth mindset is key to getting through challenging times
Mastering an ability to deal with tough times will strike a path towards growth.
CoinSwitch Kuber’s $15m Series A marks Ribbit Capital’s first Indian crypto deal
CoinSwitch Kuber is gunning for ten million users this year.
Dubai-based Bankiom promises “new way” to manage money
Banking app promises fast account setup and loan processing.
Starling renews search for non-bank European lender
Starling is seeing the benefits of fully utilising its UK banking licence.
Irish banks plan payments rival to take on fintech entrants
AIB, Bank of Ireland, TSB, and KBC pull together to battle fintechs like Revolut.
DXC sells Fixnetix trading system to Options Technology
Options looks to expand its product suite.
Walmart prepares launch of its own fintech start-up
Retailer says customers want more of its financial products.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
My mother was right about everything
What good are the choices, if you don’t act?
Freetrade pauses trading for US stocks following technical issues
Some investors woke up to their US stocks up over 2000%.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
Philippines’ mobile wallet GCash closes on $1bn valuation with new funding
Mynt-operated firm raises $175m from US investor.
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
Temenos wins Transact deal with Czechzia’s Komerční banka
The bank is aiming to launch products to the market faster.
Checkout.com valued at European record $15bn after $450m raise
Profitable since it began, Checkout is an attractive proposition for investors.
2021 predictions: don’t overlook the phone call
Due to the explosion in illegal robocalls, many consumers have simply stopped answering the phone.
FLEX moves 13 US credit unions to its core tech in 2020
Another 12 credit unions are scheduled to go live with FLEX’s core processing tech in 2021.
UK payments acquirer Unlimint powers on with “aggressive” LatAm expansion
In November, the fintech rebranded to Unlimint from ‘Cardpay’ as part of its expansion plans.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
Curve lands $95m as it reveals losses have quadrupled
The fintech claims to have two million customers.
Stripe cuts off Trump campaign for inciting violence
Payments processor strips Trump for encouraging violence.
ECB hires Claudia Plattner as new IT director
Plattner is CIO for Deutsche Bahn’s IT provider.
Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
EXCLUSIVE: Oracle wins Flexcube deal with Somalia entrant BB Bank
Upcoming Islamic bank picks Oracle FS to furnish its core operations.
PAYMYNT Financial buys crypto e-wallet LettucePay
LettucePay operates on top of Stellar Network, an open source blockchain platform.
BBVA shutters Simple after paying $117m for it in 2014
The bank is cutting out standalone entities which no longer make sense to operate solo.
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins
UK’s finance ministry says “the landscape has changed” in a short time.
SoFi set to go public via merger with Palihapitiya’s fourth Spac
The IPO will value SoFi at $8.65 billion.
India’s Udaan lands $280m in Series D funding
B2B payments firm reaches total funding of $1.2 billion.
India plans new bank to support $1.5trn infrastructure revamp
Prime minister Modi is expected to announce the news next month.
How FIs can reduce friction and drive value in the payments system
FIs can help clients proactively identify and respond to potential problems.
Video: Top fintech stories this week – 08 January 2021
FinTech Futures’ weekly news round-up.
Central Bank of Ireland urges firms to contact UK banks over Brexit
Creditors with direct debits in place for UK customers may need to provide their bank with additional info.
Mambu raises €110m to hit €1.7bn valuation
Cloud core banking vendor has raised over €150m since launch.
FCA: Thousands of financial firms risk failing as pandemic persists
Payments and e-money firms experienced an 11% decrease in available liquidity.
Standard Chartered goes live on Cobalt brokerage platform
Major bank signed up to Cobalt’s network last year.
