American Business Bank picks Teslar Software to refresh commercial lending
The Los Angeles bank says it wanted a “forward thinking” partner.
Payments
Why the BNPL sector is growing like crazy
There is plenty of room for experiments in BNPL, and many customer segments are yet to be addressed.
Budget 2021: What does it mean for UK fintech?
FinTech Futures scrolls through the UK chancellor’s new budget to pick out the fintech impact.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
Piraeus Bank extends Antelop partnership for digital payments
The Greek bank has worked with Antelop since 2018.
ImaliPay raises undisclosed amount in pre-seed funding
The undisclosed amount in pre-seed funding came from Australian venture capital firm TEN13.
Cameroon-based fintech Diool secures $3.5m funding
The funding round was led by Lundin Group and other existing investors.
Ben Davey departs from Barclays Ventures CEO role
Davey steps down to focus on independent investing and advisory services.
Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
Video: Top fintech stories this week – 26 February 2021
FinTech Futures’ weekly news round-up.
Former international footballer Rio Ferdinand invests in Sokin
Ferdinand joins as a shareholder in the cross-border currency firm.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
US credit builder Petal closes $125m debt facility
Petal has closed $440 million in debt and raised $100 million in equity.
Pension builder Vantik signs card partnership with Mastercard
German fintech to issue new debit card for users in 2021.
US Federal Reserve’s payment system down for more than three hours
Both Fedwire and FedDACH went down this week, and remained so for a few hours.
Subway standardises its payments over all 42,500 restaurants globally
Subway claims it is one of the first in North America to standardise payments on this scale.
Landmark pan-European payment system EPI calls on fintechs for build phase
European payment giants Worldline and Nets became shareholders in the EPI last year.
Tyme lands $110m in Series B funding, plans Asia-Pacific expansion
TymeBank looks to expand beyond its South African headquarters.
ACI and Mastercard partner to provide Peruvian real-time payments
Peruvian clearing house CCE is deploying a collection of systems from the two companies.
Moneycorp hires Barclays exec Tarashev as new CFO
His final role at the UK bank was as CFO of its private banking operations.
Barclays to close Pingit after 10 years’ service
Long-serving payments app to be shut down by major UK bank.
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.
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.
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.
Netflix bags Uber’s product head Ebi Atawodi as payments director
Atawodi spent more than six years at Uber.
UK Black-owned challenger Atmen to launch in March
The start-up is now looking to raise £5 million from institutional investors.
Video: Top fintech stories this week – 19 February 2021
FinTech Futures’ weekly news round-up.
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”.
Sopra Steria invests in Parisian fintech Particeep
Banking software firm picks up minority stake in SaaS fintech.
Marqeta files for IPO with SEC targeting $10bn valuation
The fintech’s current valuation sits at $4.3 billion.
The US market: are EU-based challengers coming to rustle up some feathers?
A deep dive and step-by-step comparison of US banks’ and EU challengers’ capabilities.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
US Faster Payments Council report shows state of US payments
It provides a true illustration and understanding of how funds move on the networks.
Is 2021 the year to inspire better banking?
Sanat Rao says the time is right to invest in back-end systems change.
