Varo Money on course for first US bank licence
Start-up could be first fintech to receive bank charter from OCC.
North America
Life’s Alight for Wipro with $1.5bn deal
Indian firm reveals record ten-year deal with Illinois-based Alight Solutions.
Foxconn and friends form $100m VC fund in US
Wisconsin business community gets some love and (more importantly) money.
Funding Circle plans to raise £300m in IPO
Lending platform’s plan was first revealed in January. Now it’s official.
Sunrise Banks: the dawn of seamless payments experiences
Social enterprise banking, payments, and creating user experiences by using data.
The perks of taking accounts receivable processes digital
Automated accounts receivable (A/R) management solutions create lasting business value.
Bank of America closing immigrants’ accounts
The bank is reportedly demanding an update in residence documents.
Fiserv flaw exposed customers’ banking data
The flaw (now fixed) reportedly affected hundreds of banks.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
Mariner’s Bank keeps it simple with Digital Onboarding
US independent community bank turns to SaaS-y tech firm.
JP Morgan hires ex-Google exec for AI ambitions
The war for talent rages on.
Kony partners with Payveris on digital money movement
Includes P2P and A2A payments, bill pay, and fraud mitigation.
CULedger gets $8.5m to support blockchain for credit unions
Part of a $10m funding goal.
UBS to sell robo-advisor SmartWealth to SigFig
Swiss bank already has an equity stake in SigFig.
Gold-as-currency enabler Glint seeks US sprint
Partners with Sutton Bank and Galileo Processing for American dreams.
Salary Finance raises $20m funding to launch in US
UK personal finance firm wants to make waves across the Atlantic.
Andreessen Horowitz leads very nice $8.5m investment in Very Good Security
“You can’t hack what isn’t there.”
Diebold Nixdorf receives $650m capital commitment
The loan is coming from two unidentified, institutional lenders.
PromonTech checks out FormFree’s AccountChek
Mortgagetech integrates its POS solution into asset verification service.
NASA jets in to help Entrust Datacard security
Entrust’s authentication fuelled by Jet Propulsion Laboratory (JPL).
US credit card firm Deserve raises $17m funding
Going for Generation Z with its “financial independence” offer.
Latvian entrepreneurs buy Colorado National Bank for $9m
Co-owners of payments firm to profit from a Chapter 11 bankruptcy.
Regtech ComplySci on a high with Vista Equity investment
New York-based firm feeling funky via Vista’s Endeavor Fund.
Universal Protocol Alliance launches for digital asset unity
Blockchain firms include Uphold, Cred, Blockchain at Berkeley, and Brave.
Canadian Western Bank finds value in Validata DevOps
Firm selected due to its “proven Temenos integration capability”.
PaySimple goes mad for email marketing
Unveils partnerships with MailChimp and Constant Contact.
Vestigo Ventures unveils vertigo-inducing $59m fund
Good news for US fintech companies.
US lender receives Series C $62m funding Upgrade
Financing led by CreditEase Fintech Investment Fund.
Shoeboxed acquired by Earth Class Mail
Receipt and business card digitisation firm unboxes some major news.
Finastra totally powers Unity Bank lending in US
Total Lending solution to be used for commercial and consumer ops.
German minister calls for independent EU Swift payments network
To bypass the US sanctions on business with Iran.
First Data teams with Ellie Mae for lending payments
Customers can accept payment for costs related to loan origination and processing.
Virtual Commodity Association becomes reality
US-based self-regulatory organisation fires up for better digital exchanges.
JP Morgan breaks broker hearts with free trading app
You Invest undercuts most digital trading competition.
Cloud finance platform Consero gets $50m investment
Boston-based BV Investment Partners invests in Texan firm.
UMB Fund Services revamps ETF systems with Temenos
Yeah, we get it, you can customise it.
US wakes up to SME cybersecurity needs
The cybersecurity act disregarded SMEs, and this latest bill aims to fix that.
MUFG Union Bank picks FIS Profile core banking system
EXCLUSIVE. The final was a duel against Temenos’ T24.
First Federal Savings Bank outsources core and digital banking tech to COCC
Ohio-based First Federal Savings Bank implements new core banking, digital and mobile software.
