Top fintech stories this week-06 September 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
North America
Fintech start-up PayBright raises $34m from goeasy
Leading the round was Canadian Business Growth Fund.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
BigID raises $50m in Series C funding round
BigID has now raised more than $96 million.
Happy Money raises $70 Million in Series D round
The fintech evaluates “happy” and “sad” spending patterns.
Stripe announces new lending arm Stripe Capital
Loans will be based on the customer’s transaction activity on Stripe.
A launchpad platform for savings providers
Savings providers can improve productivity, efficiency and accuracy.
Even Financial raises $25m in investment round
Even has now raised a total of $50 million.
Accion Venture Lab adds $33m to new fintech fund
The lab’s total capital under management is now $42 million.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Kabbage acquires Radius Intelligence to expand its data library
Kabbage is backed by SoftBank and lends up to $250,000.
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
The uphill battle for European challengers success in the US
Find out if European neobanks can tackle the challenging US market.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Baton raises $12m for blockchain-inspired b2b solution
Baton allows banks to avoid overhauling their existing systems.
Credit Sesame raises $43m ahead of IPO
The firm is on course for a $1 billion valuation.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
The key segment to nurture in 2020 and beyond
The biggest challenge may be the paradoxical ways SMBs view their relationship with their bank.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
CardX raises $2m in debt financing
The fintech helps businesses avoid credit card transaction fees.
Fintech platform Bond raises $10m seed funding
The company will spend the funds on growth and product development.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Insurtech start-up Kin raises $47 million
The company will launch a home insurance carrier in Florida.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Platform9 targets global growth with $25m funding
The firm helps companies run cloud-native infrastructure at scale.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Wealthfront acquires robo advisor Grove
California-based, Wealthfront, is acquiring financial planning fintech Grove for an undisclosed sum
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
MoneyGram hits back at consumers and investors
The paytech company says it “can’t make everybody happy”.
