Wealthtech d1g1t likes digits with $7m funding boost
Two private investment rounds led by Purpose Financial.
North America
Sabadell’s InnoCells invests $10m in Base10
Base10 is an investment fund for automation in financial software.
Top fintech stories this week – 16 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Automation Anywhere going somewhere with $300m funding from SoftBank
RPA firm gets support from SoftBank Vision Fund.
Canada, UK and Singapore prep for blockchain-powered payments
Central banks and regulator reveal heightened interest and assesses alternative models.
Revolut to get $500m boost from Softbank
To enable US expansion.
Mastercard leads $16.5m funding round in Mobeewave
Series B round also includes support from NewAlpha and Forestay Capital.
Lighter Capital increases funding limit to $3m
US firm will provide start-ups working capital in exchange for 2% to 8% of their business’ future revenue.
Prosper plans HELOC product launch in 2019
New digital Home Equity Line of Credit product is on the way.
Bain Capital Ventures nets $1bn funding for new round of tech bets
Its current portfolio includes companies focused on infrastructure software, security, commerce and fintech.
Cloud security firm Netskope is dope with $168m funding
Massive round led by Lightspeed Venture Partners.
Paytech Poynt scores NAB points with $100m funding
Series C raise includes Elavon and National Australia Bank.
Arizona’s regulatory sandbox programme puts US on competitive fintech ground
Offering a competitive operating cost environment and one of the easiest to navigate for regulations.
Lendtech SoFi flying low as losses linger
US firm has lost money for the second consecutive quarter.
Finablr takes majority stake in digital gifting firm Swych
Payments and foreign exchange solution platform boosts its stake in the firm.
Simple appoints former Amazon exec as CEO
David Hijirida is replacing Dickson Chu who was temporarily working as the interim CEO.
Goldman Sachs acquires financial modelling firm ClearFactr
Bank boosts tech capabilities with purchase of one-man operation.
Banco Ficensa live with new core banking system, Datapro’s e-IBS
The implementation was “transparent and efficient”, Datapro says.
Morgantown Bank & Trust in core banking tech revamp with CSI
The bank is moving to CSI’s NuPoint core banking system, delivered on a hosted basis.
UBS ferociously fights DoJ fraud claims
Swiss bank says the claims aren’t supported by law.
Independent Community Bankers of America launches fintech accelerator
It thought about it… then unleashed ThinkTech with the Venture Center.
NY subway to accept contactless cards in 2019
US plays catch up in retail payments.
US community banks forge Alloy Labs Alliance
“No bank wants to be the next Sears.”
JP Morgan finds nice match in fintech Wematch
Trading tech firm Wematch will join in-residence programme.
CardFlight partners with Payscape for merchant base race
Payscape will offer CardFlight’s SwipeSimple tools.
Canada’s Zag Bank to be canned
Bank’s shareholder Desjardins Group targets Q2 2019 ending.
HSBC Bank USA hit by data breach
Data stolen includes full names, account numbers and transaction history.
PNC to equip commercial clients with Giact’s ID verification tech
Giact Systems and PNC Bank say they have formed a “strategic alliance”.
Visa and Billtrust team to digitise US B2B payments with Business Payments Network
Visa and Billtrust have joined forces to develop Billtrust’s Business Payments Network (BPN).
Gusto teams with ScaleFactor to automate accounting for SMEs
Gusto business users can sync payroll and benefits directly with accounting and financial data.
Braintree adds Samsung Pay option for US merchants
PayPal-owned Braintree will integrate with Samsung Pay.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Citizens Bank pioneers SigFig’s new wealthtech for financial advisors, CoPilot
SigFig unveils CoPilot, a digital wealth management platform for financial advisors.
POPin Video Banking Collaboration unveils new brand and clients
“The industry’s first interactive mobile video banking solution” is now known as POPio Mobile Video Cloud.
Mechanics Bank outsources core banking tech to COCC
COCC’s hosted core processing platform – Insight – is based on Fiserv’s DNA offering.
Biz2Credit tech to provide online business loans to Popular Bank
Over half of business loans are processed online.
Ethical insurtech Ethos bags $35m
Round led by Accel.
NTT Data to acquire Canada’s Sierra Systems
The acquisition will provide Tokyo-based NTT Data with a “significant” presence in Canada.
Quid raises $37.5m in funding round led by Lexis Nexis’ investment arm
Quid’s $37.5m round was led by REV Ventures, bringing the total funding to $108m.
Central 1 and Backbase unveil new digital banking platform Forge
Alterna Bank and FirstOntario Credit Union are the first takers of Forge.
