US fintech funding round-up: Stake, Finli, Crescent and OpenFin
Our weekly round-up for you to get the latest fintech funding news from the US.
Banking
Playing the game you’re in
If we all see that the game is broken, maybe it’s time we change the game.
Worldline completes acquisition of Eurobank’s merchant acquiring business in Greece
As part of a joint venture with Eurobank, Worldline will hold an 80% stake in the new company.
Banking Tech Awards USA 2022 Winner: Freddie Mac – Best UX/CX in Finance Initiative
Get Clarity into mortgage credit risk investing through Freddie Mac.
Congratulations to the PayTech Awards 2022 winners!
The winners and highly commended were announced in a ceremony at the Merchant Taylors’ Hall in London.
WTH are ZKPs? Making blockchain transactions private
In order to gain or have mainstream adoption of blockchain tech, it needs to be private.
Lead Bank creates new BaaS position, appoints industry veteran Huma Usmani
In her new role, Usmani will focus on expanding the bank’s network of fintech partnerships.
How banks can protect customers from impersonation fraud
Figures from UK Finance reveal impersonation fraud cases have surged by 300% in the last year.
FinTech Futures Jobs: Are you paying a loyalty tax at work?
Find your next fintech career move on the FinTech Futures job board today.
FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Video: SmartStream at Money 20/20 Europe – Levelling the playing field
We chat with SmartStream about how the firm is helping financial institutions keep up with new tech developments.
Flyp taps Galileo to power its mobile banking platform
Galileo’s solution will serve as the backbone for Flyp’s “gamified” BaaS platform.
Finding your way
Asking for help is the greatest proof that you will find your way, eventually.
Technisys integrates Cyberbank platform with Microsoft Cloud for Financial Services
The integration will give financial institutions the ability to scale and boost digital transformation efforts.
Taming AI algorithms — finance without prejudice
Algorithmovigilance is growing in importance as human biases all too readily creep into AI tech.
Marygold acquires Tiger Financial & Asset Management for UK expansion
Tiger’s core business is managing clients’ financial wealth across a range of products.
Citi partners METACO to develop digital asset custody capabilities
Citi will integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize.
Women in finance – where are they?
Why is the financial sector still failing to attract talented women in 2022?
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Mambu welcomes four new senior leadership hires
Mambu has hired a new CTO, CFO, chief revenue officer, and chief of staff.
What is core banking?
The market for core banking software is not “a winner takes all” opportunity.
Mode Eleven selects Finzly’s payment core for BaaS platform
Finzly says its tech will give Mode Eleven “full control over its payment processes”.
RBC partners Plaid to offer API-led connectivity with fintech services
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
State of play: Money 20/20 Europe
Fintech analyst Philip Benton recaps key themes and trends at Money 20/20 Europe.
Starting small: how Nearside is trying to help create a more inclusive economy
With this rise in new small businesses comes a need for new banking services catered to these new entrepreneurs.
What the FinTech? | S.3 Episode 9 | Smart applications for AI and ML
We are joined by Jethro MacDonald, product manager, artificial intelligence and machine learning at SmartStream.
Santander Mexico CEO Héctor Grisi to lead banking multinational in 2023
He will replace José Antonio Álvarez as group CEO next year, following a transition period.
Canada’s VersaBank acquires a Minnesota-based bank to fuel US growth
Upon closing, the bank will be renamed VersaBank USA National Association.
Paytech PPRO hires Rahul Raswant as new chief financial officer
Raswant has held roles at Standard Chartered Bank and consultancy McKinsey.
US fintech Wahed Invest to receive $50m in Series B funding
The Series B round will support the start-up’s plans to launch an ethical neobank.
Canadian wealthtech Wealthsimple sheds 12.6% of workforce due to market volatility
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.
Coping with the cost of living: how open banking can build financial resilience
We need to see a significant step-change in open banking regulation to cushion the blow of inflation.
FinTech Futures: Top five stories of the week – 17 June 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Revolut teams up with Salesforce to help grow business
Revolut says it will make use of Salesforce technology to power Revolut Business operations.
Digital banking tech vendor Narmi raises $35m Series B
The fresh capital will be used to develop and accelerate the overall digitisation of the US banking industry.
NatWest, Citi, Barclays trial Finteum intraday FX swap and repo platform
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
Finzly celebrates ten years of providing innovative solutions to banks
Finzly’s user conference discussed trending topics and bank innovation outside the legacy core.
TS Banking Group in front-to-back office tech revamp with Temenos
Temenos’ front-to-back office technology will be delivered in the cloud.
What will you do next?
It doesn’t matter how big the job is, it matters how engaged you are.
Money 20/20 Europe: Digiseq connects the digital and physical world
At Money 20/20 Europe, FinTech Futures sat down with David Birch, chair of wearable payments disruptor Digiseq.
