Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
Financial Services/Finserv
New York-based Synechron buys Australian payments firm Attra
Attra and Synechron will have a combined workforce of 10,000 employees and annual revenue of $650m.
Bancolombia turns to SunTec for enterprise pricing solution
SunTec says it has partnered with TCS “for a first-of-its-kind deployment in Latam”.
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
How digital labour helps financial firms cope with market volatility
Digital labour can offer a range of operational benefits.
Video: Top fintech stories this week – 11 December 2020
FinTech Futures’ weekly news round-up.
White paper: The business value of ServiceNow for retail banks
The value retail banks will achieve annually at $29.54m per organisation ($70,000 per 100 users) by using ServiceNow.
GoHenry latest in kid’s banking sector to land funding of $40m
Over 2019, parents on its app paid £98m in pocket money to their children.
Standard Chartered to launch crypto custodian in UK next year
The bank will, through Zodia, provide custody services for Bitcoin, and Ethereum.
eToro soars to $2.5bn valuation, tripling since 2018
Israel-based brokerage firm has also recruited 300 people this year.
Australian business banking challenger Gallantree adds crypto function
Gallantree targets entrepreneurs, family offices, and high-net-worth individuals.
Singapore and Thailand to link national payment systems in 2021
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
Don’t turn a blind eye to spreadsheet vulnerabilities
Introducing PrizmDoc Cells, a secure solution in an intuitive, Excel-like web interface.
Banking’s Christmas ghosts
Charles Dickens’ popular novel, “A Christmas Carol”, gets a banking spin.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Capital One takes swipe against “risky” BNPL firms
“These kinds of transactions can be risky for customers and the banks that serve them.”
Market infrastructure firm Pico raises $135m in Series C
Intel Capital leads the latest round for network company.
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Texans Credit Union selects Episys core system
The $1.7bn credit union needs 12 employees to maintain its legacy system.
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
The times are always a’changing
The story we try to reconstruct and the story we tell ourselves isn’t the full story.
Comarch launches new factoring system
Comarch Cloud Factoring enables managing the entire lifecycle of an invoice with no paperwork involved.
Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
Modularbank lands €4m to set up UK commercial operations
The start-up claims to be cashflow positive since its inception.
Moov Financial raises $27m in Series A funding round
The latest round follows a seed round from August.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
Deutsche Bank expands Google cloud partnership
Major German lender expands cloud usage to lending and retail banking.
JPMorgan snaps up tax automation fintech 55ip
“Advisors are increasingly seeking intelligent, automated tools,” says bank.
VMware exec: AI’s two Achilles’ heels keep me up at night
69% of enterprise executives think AI is “essential” for responding to cyber threats.
Regulation 2.0: the AI tech revolution is here and now
How do we reimagine the regulatory framework?
Solving payments and card challenges with a platform approach
A platform approach improves efficiency and customer trust.
E-book: Migration to cloud – your guide to delivering an intuitive customer experience
Learn how to transform the entire organisation with the migration to the cloud.
Mortgage automation: solving today’s business challenges with a proven tool
AVM is becoming commonplace within the mortgage process, benefitting lenders and consumers alike.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
Change at the top for London Stock Exchange Group
London Stock Exchange Group and London Stock Exchange make executive changes.
Bank of England selects Appvia for two-year cloud development scheme
Appvia wins selection process started in January 2020.
Retail rewards platform Fetch raises $80m in venture funding
Fetch Rewards has raised $131m since 2013.
Auriga to manage Belgium’s new ATM network Batopin
Batopin was formed by four major Belgian banks.
Designing systems for real-time risk management
Common data challenges and how to overcome them.
White paper: Re-wiring financial services operations for a bold future
Looking beyond the front office to transform experiences.
