Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Payments
Square buys up Spanish P2P payment app Verse
Verse will join forces with Square’s Cash App.
SAFE Federal Credit Union goes live on Symitar core
The $1.1bn credit union completed two-year migration.
American Express first foreign credit card player to launch in China
AmEx won initial approval in 2018 for a bank card clearing licence in China.
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Stripe adds Bacs Direct Debit to compete with UK rivals
Stripe will directly compete with UK home market player GoCardless.
Banking Circle helps Amazon sellers avoid international fees in US
Sellers can avoid the 3.9% international transaction fee.
Mambu partners with VeriTran to create digital banking solutions in LatAm
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
PayTech Awards winners: where are they now? Emailage – Best E-Commerce Initiative
The pending takeover of Emailage by LexisNexis “kind of dominates the news”, says EMEA MD.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Appway raises $37 million in equity funding from Summit Partners
Lifecycle management firm secures first external capital raise.
What steps should merchants take to comply with SCA on time?
Merchants need to make sure they have implemented support for EMV 3DS.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
TIS raises $20m for its B2B payment platform
TIS will use the investment from Aquiline and 83North for its global expansion.
Transact Bank partners with telehealth start-up Hopdoc
Transact Bank’s parent company Transact Pro will facilitate the payments.
Postera Capital acquires sentiment analysis firm Augmento
Blockchain fund operator aims to be “pioneer” for crypto consulting.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Unibank completes processing stage of TranzAxis migration
Azerbaijani lender is ploughing through a multi-stage move to Compass plus system.
Budgeting strategies for government stimulus payments
Suggestions for how households could maximise the impact of their payments.
Remote work start-up Deel scores $14m series A led by Andreessen Horowitz
Andreessen general partner, Anish Acharya, is joining the San Francisco-based company’s board.
Digitalisation a must-have for lending in a post-COVID world
The coronavirus pandemic has affected and disrupted every aspect of financial services.
Diebold Nixdorf’s corporate network hit by ransomware attack
ATM provider detected the attack in April, which is says has been dealt with.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Citizens Bank taps Teslar Software to improve portfolio management
The Arkansas-based bank turned to Teslar following a recommendation from a compatriot lender.
Truist Financial selects TSYS for payments processing
Newly merged commercial bank kicks on with its tech deployment.
Rocker and Enfuce sign Nordic card issuance partnership
Enfuce to supply Visa card issuing to Swedish neobank.
Video: Top fintech stories this week – 01 May 2020
FinTech Futures’ weekly news round-up.
Owning customer relationships is a key priority for banks in the era of open banking
The number one concern, unsurprisingly, is ensuring online security.
Ask the expert: how can I get to grips with the complexities of the financial services industry?
Key players, party models, easy ways to begin building relationships, and tips for establishing partnerships.
People power: tracking demand for biometrics in payments
56% of consumers would prefer to use a biometric sensor on their payment card instead of a PIN.
Video: Top fintech stories this week – 24 April 2020
FinTech Futures’ weekly news round-up.
Webinar: Swift gpi is a chance for payments modernisation
Opportunities beyond meeting the minimum exist for banks embracing gpi.
Three US credit unions pick Bankjoy for mobile and online banking
The three institutions hold a combined $280 million.
Google plans debit card launch in the US
Google is preparing to launch an Apple Card rival soon.
ForgeRock raises $93.5m in Series E funding round
Digital identity firm plans to invest in research and development.
Video: Top fintech stories this week – 17 April 2020
FinTech Futures’ weekly news round-up.
