Mastercard acquires digital identity firm Ekata in $850m deal
Payments giant to combine Ekata with its own fraud and identity platforms.
Financial Services/Finserv
Why banks need to embrace the new normal
The banking industry’s definition of normal hasn’t been normal for a majority of customers for years.
Low-code start-up FintechOS lands €51m Series B
The round will fund FintechOS’ international expansion beyond the UK and Europe.
Santander migrates 60% of IT infrastructure to the cloud
Santander is “very well placed against large European banks”, says the bank’s global CTO.
SAP spins out financial services operations in deal with Dediq
SAP launches new FSI Unit to deal in financial services, with a 20% stake in it.
Routable raises $30m in Series B funding to boost B2B payments
Seattle fintech nabs bumper round from a handful of angel investors.
Hana Financial Group completes cloud migration with Oracle
South Korean firm shifts 15 million customer accounts off premises.
Accelerating asset management digitisation with cloud solutions
During this period of uncertainty, AMs have been forced to accelerate their digital transformation projects.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
Dutch VC Finch Capital snaps up Wirecard’s APAC assets
The purchases were made through Nomu Pay.
RTGS.global hires industry veteran Dave Sissens as new CEO
The full-service availability of the RTGS.global platform is expected later this year.
The SEC confirms appointment of Gary Gensler as new chair
Gensler joins as the Democrats gain a majority among the commissioners of the US Securities and Exchange Commission.
Lending start-up Fintern raises £32m in equity and debt funding
UK fintech backed by German institution Varengold Bank
Robinhood calls Massachusetts regulator “elitist” for trying to revoke its licence
“The complaint reflects the old way of thinking,” says Robinhood.
SoftBank in talks to turn Indian payments firm Zeta into a unicorn
If finalised, the investment would come through SoftBank Vision Fund 2.
Digital transformation can boost minority homeowners
Digital transformation in the mortgage industry have the potential to reverse decades of bias in home ownership.
Video: Top fintech stories this week – 16 April 2021
To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.
ICYMI funding round-up: Cardlay, Revix, Numidia, Payable & more
A round-up of the funding you may have missed this week.
Solarisbank among first German fintechs mulling Spac deal
The BaaS provider is aiming for a billion-dollar valuation.
Better.com’s CPO accused of bullying days after $500m SoftBank investment
The CPO joined Better in 2017 from Goldman Sachs.
Kiwi payments start-up Dosh selects Software Group
Dosh is the first local mobile wallet solution in New Zealand.
Pine Labs acquires digital payments start-up Fave in $45m deal
Indian payments firm snaps up Fave to introduce the latter to India.
MUFG wealth management arm deploys InvestCloud in Japan
Vendor says the deal reflects its “substantial investment” in the country.
Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut
Shares closed below $330, up a lesser 32%.
Cuba’s only telco ETECSA granted payment provider licence
The firm can now convert customers’ balances into electronic money.
TSB taps ApTap to help customers manage bills
Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.
Blockchain firm ConSensys raises $65m from major banks
ConSensys raises cash following company restructure.
Goldman Sachs settles on Birmingham for second major UK office
Goldman says it picked Birmingham because of its talent pool and proximity to London.
Not your baby
Mind your step. See the line, don’t cross it and remember not to start a fight you don’t have a stomach for.
Dear Luc: To give my customers cards I just need an issuer – right?
Our anonymous fintech problem asks if issuers are all you need to provide cards to customers.
Extended deadline announced for PayTech Awards 2021
Recognising excellence and innovation in the use of IT in the finance and payment industry worldwide!
Russian e-commerce giant Ozon acquires Oney Bank in $10m deal
Firm known as “the Amazon of Russia” steps into fintech space.
Railsbank reunites Currencycloud founding team with John Hammond hire
John Hammond joins former colleagues at the firm as its new CCO.
Auxmoney secures €250m in debt financing from Citi and Chenavari
New round tips total raised by auxmoney above $3 billion.
Federal Reserve chair says cyber risk a greater threat than another financial crash
Cyber-attacks are a “big part of the threat picture in today’s world”.
Fair CMO Toni Harrison: Oppressors can’t be the underbanked’s saviours
Instead of shrinking, the racial wealth gap has only continued to swell and expand.
Barclays to close Pingit after 10 years’ service
Long-serving payments app to be shut down by major UK bank.
Modulr lands undisclosed investment from FIS Ventures
“Modulr lowers the barriers to bringing payments into a platform”.
KeyBank launches digital bank for doctors with new offshoot at Laurel Road
KeyBank acquired Laurel Road in 2019.
Mobiquity hires former BNP Paribas COO Howard Moore
Digital transformation firm plans to expand globally this year and beyond.
