US payments firm Melio raises $80m in Series C funding round
Melio plans to use its new funding to expand and reach more customers.
Payments
Paytech Nuvei breaks Toronto Stock Exchange records with $700m IPO
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
Video: Top fintech stories this week – 18 September 2020
FinTech Futures’ weekly news round-up.
FinovateFall 2020: Banking-as-a-Service shows industry’s future value
A panel of bankers discuss the potential of opening up to customers.
Swift unveils expansion plans to “fundamentally transform” transaction management
The interbank network plans to revamp the way transactions are processed.
FinovateFall 2020: Customer trust will test the new digital normal
Panel wonders if consumers will stick with digital solutions post-pandemic.
Citizens Bank app bombarded with bad reviews as tech update goes awry
US bank experiences avalanche of bad feedback over mobile changes.
FinnovateFall 2020: Digital tools creating a new kind of banking customer
Marcus executive says banks must prepare for a post-COVID world.
JP Morgan fires staff for COVID-19 relief funds fraud
The largest bank in US clamps down on suspicious staff activity.
Caceis signs up with FIS to deploy new payment hub
The asset servicing firm aims for cross-border payments compliance.
Cloud: the new frontier in banking
Demystifying the move to the cloud is the first step to becoming more agile.
Varo Bank goes live on Temenos Transact core banking system
New US bank prepares for post-launch life with Temenos.
US payments start-up Finix lands $30m from Lightspeed & Amex
To date, Finix has raised $96 million in venture capital.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
ROSCA: Is there a potential for entering developed markets?
It matches the needs of rural households thanks to its simplicity and informal understanding.
Worldremit acquires fellow remittance firm Sendwave
Sendwave has a presence in East and West Africa.
Artis Technologies secures $1.5m in seed funding
The Atlanta lendtech grabs its first injection since launching in March.
US unicorn AvidXchange launches secondary offering
AvidXchange says it’s had a three-year growth rate of 133%.
Creating a truly cashless society
Why we need open banking to get payments networks up to scratch.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Three ways fintech can confront security and trust questions during rapid growth
Those of us in security understandably tend to lead with the risk factors.
TransferWise goes global with Mastercard partnership
The two firms extend a deal signed in 2018.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Six ways financial services will adapt to BigTech in the UK market
BigTech companies excel at giving customers what they want.
FIS debuts subscription-based core banking for US community banks
The US vendor aims to supply community banks with bundled software.
The payments superhighway
Why everyone’s talking about cloud-based platform architecture.
PayActiv raises $100m Series C funding round led by Eldridge
The round comes less than a year after it became a Public Benefit Corporation.
MUFG Union Bank appoints Devon Bryan as new CISO
Bryan arrives at the bank from a CISO role at KPMG.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Huntington Bancshares picks BillGo for faster payments
The Ohioan bank wants to increase the transparency of its services.
Payments group Stripe snatches General Motors’ CFO
The payments company has been building out its senior team in recent months.
Facebook forms financial unit led by Libra creator
The new division will cover all financial endeavours by the company.
Five predictions for the future of payments
From moving away from cash to points of sale and self-checkout on mobile.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Canadian neobank Koho seeks new CTO
Kris Hansen heads back to venture capital backers to build “new adventure”.
Payroll firm CloudPay raises $35m in Series D funding
Firm plans to use new funding to build out infrastructure.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
Global Payments signs cloud deal with AWS
The multi-year deal moves Global Payments systems into the cloud.
Financial Plus Credit Union goes live with MDT’s Banno Digital Platform
The credit union wants to boost its digital capabilities.
