Credit card player Petal picks up $30m funding
Series B round led by Valar Ventures.
North America
Oxygen gets $2.3m funding for digital banking life
San Francisco-based firm offers free banking services to freelancers.
Revolut locks in on banking and trading licences
CEO unveils his cunning plan to build a global licensing team.
Samsung backs Mobeewave in latest funding wave
Mobile paytech now has a total of $20 million.
IBM, PNC Bank and health insurers set up blockchain network
To improve the efficiency of the health sector.
M1 Finance takes on banks with new checking account
Called M1 Spend, it integrates within the US firm’s current app.
ATB Financial looks on Brightside with new challenger bank
Always look on the Brightside of life.
Finxact secures $30m funding for core banking action
New investors include American Bankers Association and Accenture.
Fintech Agora fires up for small American FIs
Start-up offers a digital leap without a core banking revamp.
US challenger bank Newbridge will start spreading the news
It will soon be fintech showtime on Broadway.
Mexican challenger bank Albo raises $7m
Series A funding round led by Mountain Nazca.
Barclays raises Rise Growth Investment funds for fintech start-ups
Will offer new investment capital of £10 million per programme.
Financial software provider Zafin secures $17m funding
Round led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.
Corelation signs new clients for Keystone core system
Also, Sandia Laboratory FCU ousts 40-year old legacy tech with Corelation’s Keystone.
Allied Payment Network fortified via Plymouth Growth investment
The deal in Indiana was valued in the “multi-millions”.
PayPal joins $40m funding party for fintech app Dosh
Follows on from $44 million in last year’s Series A round.
AXA Venture Partners gets $150m for fintech funding
Aiming to support start-ups and digital health firms.
Swiss fintech KiWi gets $3m funding for SME lending and payments
To expand in Mexico and neighbouring markets.
Coinbase acquires API data enabler Blockspring
San Francisco-based start-up will still operate independently.
JP Morgan merges SME, corporate payments and treasury
Creating one big unit dedicated to payments.
Canada urges blockchain on for digital ID dream
CEO of Canadian Bankers Association makes his case.
ScaleFactor secures $30m funding for back office automation
Texas-based accounting platform seeks expansion via “business OS”.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Glacier Bancorp coolly deploys Roostify’s digital mortgage solution
US regional bank holding company reports “significant increase in online applications” since launch.
Canada calls for open banking answers
Department of Finance Canada awaits your awesome feedback.
Kabbage powers Alibaba’s pay later payments programme
Alibaba’s SME customers can get up to $150,000 of financing.
Banking platform Joust-s for freelancers’ attention
US start-up launches multi-feature financial app.
OCC updates legacy clearing system with Cinnober
Options Clearing Corporation freshens up.
Video: fintech news weekly round-up – 14 January 2019
Featuring N26, RBS and Loot, Google in Ireland, and Alipay in Pakistan.
New investment for LendUp spurs credit card spin off
The US company will spin off its credit card business, Mission Lane, as a separate, stand-alone entity.
Trov expands on-demand insurance in US
Now available in Delaware, Nevada, South Dakota, and Wyoming.
OCC fights for US fintech charter in court
Office of the Comptroller of the Currency seeks to dismiss CSBS litigation.
Elavon acquires CenPOS for payments push
It’s Miami nice as US Bancorp subsidiary makes another acquisition.
N26 plots delayed US launch with $300m funding
Mobile challenger bank is now valued at $2.7 billion.
Enveil and Unbound Tech unleash data security triad
Data-at-rest, data-in-transit, data-in-use.
US bank customers enter Glassbox’s digital world of pane
Clever customer management for JP Morgan Chase, Bank of America, Wells Fargo, and Citi.
Bank of America and Morgan Stanley plan rival stock exchange
Nasdaq and ICE get competition as nine firms unveil MEMX.
CAN Capital introduces new CEO Edward Siciliano
Alternative SME financing firm has a new captain.
Interview: Mark Gabriel, Sunrise Banks – on a financial wellness mission
How partnerships with fintechs can help in the quest to service the underserved.
Fiserv outrageously happy with outsourcing wins
Bank clients can’t get enough of it in the US.
