Barbados challenger Sagicor Bank launches on Mbanq’s BaaS platform
Through Mbanq, Sagicor Bank aims to offer customers “branchless” digital financial services.
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Through Mbanq, Sagicor Bank aims to offer customers “branchless” digital financial services.
Currey brings more than 15 years of risk and compliance management experience to the role.
Joseph Reece joins as chairman of the board with Tim Oliver and David Wilkinson named CEO-designates.
HSBC Securities and Scotia Capital have agreed to pay penalties of $15 million and $7.5 million respectively.
8fig will use the latest funding to continue investing in small and medium-sized e-commerce businesses.
The new investment will be split between Petal and Prism Data as the businesses look to scale.
The bank will utilise Teslar’s tech to automate its commercial, consumer and agricultural lending workflows.
The proposed bill aims to increase transparency, eliminate conflicts of interest and protect victims of fraud.
The Washington DC-based lender will use the facility to hand out more loans to international students.
The move comes just weeks after the firm announced it would be shutting down operations in the US.
The onramp has built-in fraud tools and identity verification to meet KYC and compliance requirements.
Blockchain “allows for secure, transparent and traceable financing for SMEs,” Voy Finance CEO Lee Tarone explains.
With the funding, Inbox Health plans on accelerating its growth by reaching out to more patients.
Slash claims over 20,000 entrepreneurs have signed up to its platform.
The merger has been mutually terminated and TD Bank has agreed to fork out $200m in cash to First Horizon.
Forbes reports the savings account attracted $400 million in deposits on launch day alone.
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
Bready succeeds Jeffrey Sloan, who is stepping down as CEO and member of the board from 1 June.
The Infrastructure-as-a-Service firm now has direct connections to all major US card networks to process payments.
The acquisition marks Greenwood’s third over the last year.
Finastra will migrate the bank’s Fusion Phoenix core solution from on-site hosting to the cloud.
North American businesses will be able to accept real-time card payments directly on the Teams platform.
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
JP Morgan has assumed all deposits – insured and uninsured – worth approximately $92 billion from the FDIC.
The AUD 125 million ($84m) deal remains subject to Yieldbroker stockholder approval.
Mastercard Crypto Credential defines verification standards, instilling “critical” trust in blockchain tech.
The new solution will allow Shopify merchants to pay and manage their bills without leaving the platform.
Walmart alleges Capital One failed to meet several contractual obligations and customer service standards.
The funding will be used to advance Axoni’s technology and support its global expansion plans.
A handy round-up of the recent funding endeavours of fintech companies across the US.
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
Binance.US cites “the hostile and uncertain regulatory climate” in the US as its reason for pulling out.
FedNow has the potential to drive innovation, broaden financial inclusion and improve cash flow.
Major previously spent more than 15 years with banking tech firm Jack Henry.
Michigan’s First Community Bank, Florida’s Sunrise Bank, and Arkansas’ Today’s Bank have selected Jack Henry’s tech.
Ross joins from HR and payroll software firm Ceridian and has previously worked at Green Dot and American Express.
Book your table for the Banking Tech Awards USA gala dinner and ceremony on 1 June in New York.
The platform will allow the bank and its fintech partners to test new products in a separate sandbox environment.
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.