In an era of consolidation, will fintech retain its spirit of innovation?
The unprecedented level of consolidation in the market may stoke fears that innovation will be stifled.
Partnerships
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Intesa Sanpaolo partners Thought Machine for new digital bank offering
The new digital bank will cater to the 4 million Intesa Sanpaolo customers already utilising digital-first services.
KeyBank taps Google Cloud for cloud banking operations upgrade
The move will allow KeyBank to speed up the digitisation of its banking processes.
Bank of Baroda taps enterprise tech provider NCR for ATM-as-a-Service solution
The Indian bank says the new ATMs will offer “expanded transaction options via our self-service channel”.
HSBC partners and invests $100m in Bill Gates-founded green tech accelerator Catalyst
The bank’s chief sustainability officer says green tech needs investment “to become reality”.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Video: fintech news pick of the week – UBS, Katana Labs and Walmart
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Walmart-backed Hazel snaps up fintech platforms Even and One in super app push
Walmart CEO says the app will allow users to “manage their money in one place”.
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
Video: fintech news pick of the week – Amazon, Visa, Bolt & Lunar
Our top pick of news from the world of finance and tech in bitesize video format, every week.
USDF Consortium launches to develop and promote bank-minted stablecoin
The FDIC-insured banks want to “unlock the financial opportunities” of blockchain technology.
SaaS tech start-up financing platform Arc lands $161m investment
“We’re on a mission to help start-ups grow,” says Arc co-founder and CEO Don Muir.
AI-focused fintech Qraft Technologies secures $146m SoftBank investment
Qraft’s US CEO says investment management is “ripe for disruption” thanks to AI.
Citizens State Bank picks Lendsmart for mortgage solutions upgrade
Lendsmart’s technology digitises up to 70% of lending and home buying processes.
Consolidation of the BNPL industry: what does it mean?
With regulation on the horizon, the BNPL sector is seeing a number of cross-industry consolidations and partnerships.
Fintech predictions for the year ahead
IBM’s Paolo Sironi and Anthony Lipp make three predictions for the financial services industry in 2022.
2021: Top five core banking deals
FinTech Futures takes a look back at some of the year’s top core banking deals.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
2021: Top five movers and shakers
FinTech Futures takes a look back at some of the year’s seminal hires and appointments.
Fiserv tapped by San Francisco community bank to provide real-time payments integration
Community Bank of the Bay will utilise Fiserv’s Payments Exchange: RTP solution.
New Jersey’s Manasquan Bank taps Bakkt for crypto services
The bank will take part in Bakkt’s “early adopter program”, set to launch in Q2 2022.
Apiture to provide Xpress core banking solution for Missouri’s First State Bank
The 150-year-old bank will migrate its legacy digital banking solution.
Fintechs are from Venus, banks are from Mars – and VCs can be the matchmaker
Despite belonging to the same universe, the differences between fintechs and banks can at times seem vast.
Dear Luc: What fintech trends should I prepare to see in 2022?
Four trends that FinTech Futures’ Agony Uncle predicts will occur in 2022.
Reach, inclusivity and global impact – the cross-border payments opportunity
G20’s “Roadmap for Enhancing Cross-border Payments” – a landmark priority project.
Blue Federal Credit Union picks Backbase for new front-end digital interface
Blue FCU will adopt Backbase’s Digital Banking, Digital Sales and Digital Assist solutions.
Nuvei partners Visa to launch branded crypto debit cards across Europe
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Diebold Nixdorf tapped by Cambodian retail bank ACLEDA for self-service solutions
Diebold Nixdorf will deploy its services across ACLEDA’s 262 branches.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
TripActions partners with Stripe for European launch
TripActions is an all-in-one travel, corporate card, and expense management solution.
Republic to buy Seedrs to create global private investment player
The $100 million deal brings together the US and UK-based partners.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
Interac selects Microsoft Azure as part of hybrid cloud strategy
The payments processor has seen a sharp increase in volumes in the last 18 months.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
Want to be a hidden challenger and accelerate fintech partnerships?
Exploring how new models of bank-fintech partnerships spell quick revenue for incumbent banks.
Flinks and National Bank of Canada launch open banking solution
The launch comes amid frustration at the slow pace of open banking in Canada.
