Bilt Rewards bags $150m funding at $1.5bn valuation
The start-up is aiming to expand its loyalty programme and credit card offering for US renters.
FinTech
Actions not words
It’s fitting that this year’s theme for Black History Month is “Time for change: actions not words”.
Africa’s Cellulant partners Mastercard for online e-commerce payments
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
B2B paytech Finexio secures $35m Series B at $100m valuation
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
SMB lender Kapitus taps Mambu for its cloud banking platform
The firm will leverage Mambu’s low-code lending engine to power new financing products.
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
Open API maturity is slowing due to a lack of industry standardisation
Common business standards are required to enable interoperability of APIs across the financial services sector.
Cartoon: Fear gauge
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
Why you should care about your organisation’s ESG materiality assessment
Materiality assessments help firms identify ESG priorities and improve the design of their comms campaigns.
Addressing the digital skills gap in financial services and accounting
The finance industry must address the skills gaps among its employees sooner rather than later.
Wells Fargo partners Google Cloud for AI virtual assistant, Fargo
Fargo will leverage Google Cloud’s conversational AI platform Dialogflow to offer personalised banking tips.
Delta National Bank & Trust taps Finastra for digital banking infrastructure upgrade
The firm will utilise Finastra’s Fusion Essence and Fusion Payments To Go solutions.
FIS names current president Stephanie Ferris as new CEO, replacing Gary Norcross
Ferris will take on the joint role of president and CEO at the firm from 1 January 2023.
US fintech start-up Banyan lands $43m Series A
The Series A round is made up of $28 million in equity and $15 million in venture debt.
How financial services firms can grow through their digital infrastructure
For FIs, digital infrastructure is broken down into three components: the digital core, the ecosystem, and the edge.
Public Key Infrastructure management: removing complexities with PKI-as-a-Service
The benefits and what needs to be considered by FIs when adopting cloud-based PKI-as-a-Service (PKIaaS).
FinTech Futures Jobs: The qualifications you need to land a £100k salary
Explore thousands of open roles on the FinTech Futures Job Board today.
FinTech Futures: Top five stories of the week – 21 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Ordo, Plum, Maplerad and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Is core banking easy?
It’s now much more possible for banks to create innovative new products.
US fintech Achieve bags $225m debt facility
The facility has been provided by O’Connor Capital Solutions and a “multi-trillion-dollar asset manager”.
Table bookings now open for Banking Tech Awards 2022
The awards gala will take place at the fabulous Royal Lancaster Hotel in London on 1 December 2022.
Wellington Holbrook steps down as CEO of Connect First Credit Union
Holbrook first joined the firm as COO in 2020 and was made CEO in February this year.
Happy feet
Always keep going. That’s the only way any of this work gets done.
Sibos 2022 highlights
Take a look at our highlights video from Sibos 2022 in Amsterdam.
What the FinTech? | S.3 Episode 15 | Unleashing the potential of half the planet
In this episode of the podcast, we’re joined by Women’s World Banking CEO and president Mary Ellen Iskenderian.
Shoreline Credit Union partners VizyPay for small business payment services
Shoreline Credit Union will refer its commercial members to VizyPay for specialised payments solutions.
Mastercard to enable banks to offer crypto trading services with new solution
Named Crypto Source, the new offering is being developed in partnership with Paxos.
HealRWorld set to launch first UN SDG-focused corporate debit card
The debit card, launching soon, aims to reward sustainable businesses.
Being an entrepreneur: from A to Z
It’s easy to start a company, but it’s much harder to sustain it.
US digital bank Green Dot fires CEO, appoints George Gresham as replacement
Dan Henry has been terminated as CEO and president of the company and resigned from the board as of 14 October.
Video: ING at Sibos 2022 – Interoperability in trade finance
We chat with Lynn Ng of ING about whether cross-platform interoperability in trade finance is possible.
Apple and Goldman Sachs to launch savings account for Apple Card
The savings account will allow Apple Card users to deposit their “Daily Cash” rewards automatically.
NorthOne bags $67m in Series B funding round
The new capital takes NorthOne’s total funding raised to date to more than $90 million.
Giving control of digital payment credentials to consumers
Card issuers should provide tools for consumers to easily manage their digital payment credentials.
B4B Payments at Money20/20 USA: globalising US fintechs for European issuing and payment expansion
B4B Payments will showcase its instant card issuing and payments innovation platform at Money20/20 USA.
US fintechs Brex and MX announce layoffs
Brex is set to lay off 136 employees – approximately 11% of its total workforce.
TripActions raises $304m Series G at $9.2bn valuation
The fundraise was a mix of $154 million in equity and $150 million in structured capital.
Teen financial platform Step lands $300m in debt funding
The new funding brings the total capital raised by Step to $500 million in equity and debt.
Attracting and retaining diverse talent in male-dominated industries
Firms should look to put processes in place that improve company culture and reduce bias.
