ACI and Mastercard partner to provide Peruvian real-time payments
Peruvian clearing house CCE is deploying a collection of systems from the two companies.
Financial Services/Finserv
Penta Bank raises €7.5m in extended Series B funding round
German challenger bank brings total raised this round to €30 million.
Moneycorp hires Barclays exec Tarashev as new CFO
His final role at the UK bank was as CFO of its private banking operations.
BBVA deploys Google Cloud security analytics platform
Spanish bank is first in Europe to implement Google Cloud’s Chronicle
US corporate card provider Brex applies for banking licence in Utah
SVB’s former chief digital officer Bruce Wallace will head up Brex Bank.
Banking Tech Awards 2020 Winner: BTB – Best Use of IT in Private Banking/Wealth Management
BTB’s business model has brought annual average returns of 7% in the last seven years with low defaults.
Barclays to close Pingit after 10 years’ service
Long-serving payments app to be shut down by major UK bank.
UK chancellor’s new visa scheme to attract fintech talent post-Brexit
Sunak wants to prioritise the UK’s £7 billion fintech sector.
AI fintech Earnix becomes Israel’s latest unicorn with “pre-IPO” round
The fintech’s $75 million raise marks its first funding round since 2017.
Russian challenger Tinkoff launches “one-stop shop” checkout product
“Some of our services can be activated within a day.”
TransferWise rebrands as Wise to push platform capabilities
It’s dropping the first part of its name in a bid to underpin its expansion as a platform player.
Aviva breaks into cash savings market with help of German fintech Raisin
Savings accounts via partner banks offer interest rates of up to 0.64% AER.
Bank of Queensland splashes $1bn to challenge Big Four with ME Bank purchase
Australian lender seeks to make up ground on country’s largest lender.
Alpha Bank finalises €10.8bn loan portfolio sale
US fund Davidson Kempner takes on largest portfolio sale of its kind in Greece.
Fintech funding deals globally 15-21 February 2021
Featuring Public, Webull, Blockchain, GoCardless, and Personetics.
Fintech funding round-up: SeedFi, Libeo, Ember and Finch Capital
A round-up of some of the recent investments in fintech, paytech and tax tech firms.
Indian challenger Open buys Optobizz, banks another 800,000 SMEs
By the end of this year, Open wants to turn 1.8m into 5m customers.
Oraan CEO: Women in finance weren’t welcomed in Pakistan
Oraan’s research found that savings – particularly for women – just wasn’t tapped into.
Vanquis signs credit building partnership with Loqbox
Loqbox to help Vanquis customers unable to get credit cards.
Capital Group hires Marta Zarraga as new CIO
Zarraga has 25 years of industry experience at firms like Aviva, Vodafone and BT.
NBA star Russel Westbrook leads $63m investment in Varo Bank
Westbrook also joins the bank as an advisor on communities of colour.
UK Black-owned challenger Atmen to launch in March
The start-up is now looking to raise £5 million from institutional investors.
Banking Tech Awards 2020 Winner: UBS – Best Use of Cloud
How UBS’s innovative hub helped 60,000 work remotely with virtually no downtime during the pandemic.
B2B financial software marketplaces: the bridge to market transformation
B2B financial software marketplaces connect players across the breadth of an industry.
Video: Top fintech stories this week – 19 February 2021
FinTech Futures’ weekly news round-up.
ICYMI funding round-up: FlexxPay, Raqamyah, and JustUs
A trio of funding rounds that may have passed you by last week.
Newly licensed UK bank Cashplus is raising £50m
It intends to raise the funds from growth investment firms.
Stripe valuation rises to $115bn according to investors
The $115 billion figure is more than threefold its $36 billion valuation.
Banesco Panamá plans digital revamp with Backbase
Panamanian lender to integrate new products and solutions online.
ANZ New Zealand inks open banking deal with Bud
The bank is adopting Bud’s aggregation and categorisation tech.
Manchester Credit Union signs payments deal with ClearBank
ClearBank and incuto give credit union access to Faster Payments.
Saudi Arabia plans new SME bank to underpin local funding
The new bank brings “all financing solutions under one umbrella”.
Low-code fintech OutSystems bags $9.5bn valuation in $150m raise
It claims to tackle the shortage of developers across 22 industries.
GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”
The lawsuit accuses Gill of “deceitful and manipulative conduct”.
Learning to safeguard vulnerable customers in a digital world
What’s needed is an industry-wide effort to stamp out poor practice and make services inclusive.
Sopra Steria invests in Parisian fintech Particeep
Banking software firm picks up minority stake in SaaS fintech.
Norwegian web browser Opera launches fintech “Dify” in beta
Opera made two fintech-focused acquisitions last year.
Marqeta files for IPO with SEC targeting $10bn valuation
The fintech’s current valuation sits at $4.3 billion.
Jamaica Co-operative Credit Union League picks ERI for core banking
25-member group to replace legacy tech with ERI’s Olympic.
Baptist Health Federal Credit Union picks Finastra system
Healthcare-supporting FCU revamps digital channels.
