Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
Financial Services/Finserv
Lessons from The Boring Company
Perfecting the art of boring requires some rare skills.
Fintech funding deals globally 11-17 January 2021
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
US banks must lose “legacy anchor” to meet customer needs in 2021
The banking landscape in North America is undergoing a fundamental shift.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
MX ties up $300m in Series C funding
Utah-based firm has raised more than $500m since launch.
Video: Top fintech stories this week – 15 January 2021
FinTech Futures’ weekly news round-up.
Digital lender Blend raises $300m in Series G funding round
Lending firm plans to expand team and grow its products with the substantial raise.
Fostering a growth mindset is key to getting through challenging times
Mastering an ability to deal with tough times will strike a path towards growth.
DXC sells Fixnetix trading system to Options Technology
Options looks to expand its product suite.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
My mother was right about everything
What good are the choices, if you don’t act?
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
2021 predictions: don’t overlook the phone call
Due to the explosion in illegal robocalls, many consumers have simply stopped answering the phone.
FLEX moves 13 US credit unions to its core tech in 2020
Another 12 credit unions are scheduled to go live with FLEX’s core processing tech in 2021.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
Stripe cuts off Trump campaign for inciting violence
Payments processor strips Trump for encouraging violence.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
PAYMYNT Financial buys crypto e-wallet LettucePay
LettucePay operates on top of Stellar Network, an open source blockchain platform.
BBVA shutters Simple after paying $117m for it in 2014
The bank is cutting out standalone entities which no longer make sense to operate solo.
SoFi set to go public via merger with Palihapitiya’s fourth Spac
The IPO will value SoFi at $8.65 billion.
How FIs can reduce friction and drive value in the payments system
FIs can help clients proactively identify and respond to potential problems.
Video: Top fintech stories this week – 08 January 2021
FinTech Futures’ weekly news round-up.
Mambu raises €110m to hit €1.7bn valuation
Cloud core banking vendor has raised over €150m since launch.
Standard Chartered goes live on Cobalt brokerage platform
Major bank signed up to Cobalt’s network last year.
CODE Credit Union implements Symitar’s Episys with MDT
The conversion occurred entirely virtually.
Customer service start-up Glia lands $78m to help banks and credit unions
The round was led by Shopify and Checkout.com backer Insight Partners.
Trump bans transactions through Chinese apps including Alipay
The applications have 45 days to prepare for the ban.
Mizuho Americas deploys Fenergo tech for automated client onboarding
Mizuho plans a global rollout of Fenergo systems afterwards.
Lock up your innovation department
Perfect the art of incremental business improvements in the cheapest and most efficient ways, before the competition.
PayPal investment lands SME fintech Divvy with unicorn status
The start-up announced a $165 million Series D funding round.
AvidXchange acquires TimberScan provider Core Associates
Firm now claims to be largest account payable firm in the construction sector.
San Francisco challenger Oxygen raises $17m in Series A
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
Fintech funding deals globally 28 Dec 2020-3 Jan 2021
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
Jamaican central bank plans electronic payments regulation revamp
Jamaicans sent $4 billion in electronic payments in 2019.
Embedded insurance: a $3tn market opportunity, that could also help close the protection gap
All players should look carefully at this space and define strategies of “where to play” and “how to win”.
What the Fintech? Season one | Fintech Jail
Here’s a list of all the buzzwords in our What the Fintech podcast game, “Fintech Jail”.
2020 in review: Top core banking stories
We run down the most interesting core banking stories from this year.
2020 review: A year which saw fintechs cut jobs, pay & business arms
A number of fintechs have still been tested during COVID-19, some to the brink of collapse.
