OBIE report shows open banking and cloud accounting benefit SMEs
Cloud accounting makes small businesses feel more efficient, according to 84% of respondents.
API
New Zealand gets first digital home loan platform Tella
Tella aims to bring change to an industry “known for its manual and process-heavy approach”.
India’s Pine Labs acquires API fintech start-up Setu
This is the third acquisition announced by Pine Labs this year.
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
Europe funding round-up: Bits of Stock, Formance, Aveni, and Datia
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Mode Eleven selects Finzly’s payment core for BaaS platform
Finzly says its tech will give Mode Eleven “full control over its payment processes”.
RBC partners Plaid to offer API-led connectivity with fintech services
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
Making the most of Banking-as-a-Service
Banks that are expressing keen interest in the BaaS model must implement and scale it with alacrity.
Qatar National Bank launches open banking platform for fintechs
QNB says its open banking APIs could transform the fintech landscape in Qatar.
Digital banking tech vendor Narmi raises $35m Series B
The fresh capital will be used to develop and accelerate the overall digitisation of the US banking industry.
German fintech Upvest raises $42m in Series B round
Upvest says the funds will be used towards building out its investment API, expansion plans and hiring talent.
Flutterwave appoints former American Express exec as new CFO
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
Codat raises $100m from JP Morgan in Series C round
Codat aims to be “the default means of sharing data for the small business economy”.
Europe fintech funding round-up: Cryptio, Fung, Financielle and more
This weekly fintech round-up brings to you funding news from around Europe.
UK money app Ziglu taps ClearBank for virtual bank accounts
The clearing bank will power Ziglu’s real-time processing and reporting for its GBP virtual accounts.
How Stilt is helping immigrants build a financially stable life in the US
FinTech Futures chats with Stilt co-founder Rohit Mittal about the firm’s aims to help immigrants in the US.
State of play: fintech partnerships
Incumbents and fintechs are increasingly forging equally beneficial partnerships to lead innovation.
FinovateSpring 2022: Q&A with JP Morgan’s Ray Nazloomian
Ray Nazloomian of JP Morgan gives his views on the future of the payments industry.
Video: Lead Bank at FinovateSpring 2022 – Digital transformation for community banks
We chat with Josh Rowland of Lead Bank to discuss how community banks can compete in a digital world.
Video: Wells Fargo at FinovateSpring 2022 – BaaS and open banking
FinTech Futures chats with Reetika Grewal of Wells Fargo to discuss open banking and BaaS.
Mollie partners Plaid to boost onboarding for merchants
Mollie says the partnership will make it “easier and faster” to start receiving payments and open online stores.
Video: Piermont Bank at FinovateSpring 2022 – Unlocking digital transformation
FinTech Futures chats with Wendy Cai-Lee of Piermont Bank to discuss digital acceleration within banking.
Video: JP Morgan at FinovateSpring 2022 – The growth of open banking
FinTech Futures chats with Eileen Holcomb of JP Morgan to discuss the growing adoption of open banking.
UK start-up Alpher selects WealthKernel to power its female-first investment platform
WealthKernel will assist Alpher with its core investing infrastructure.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
Agri lender SunStream taps Fiserv for lending operations modernisation
The Minnesota-based lender will move to Fiserv to meet the complex loan servicing needs of its shareholders.
Embedded banking models and the rise of Service-as-a-Bank (SaaB)
It’s high time that banks and credit unions stop seeing competition only as a threat.
Programmable banking
We are fast approaching the time finally being right for programmable banking.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
Finovate Spring 2022: The changing landscape of financial services
Digital innovation is one of the key talking points at this year’s conference.
Finbourne Technology hires Robert Byrne as CTO
The appointment follows the company’s recent expansion into North America and APAC.
BforBank taps Temenos for Google Cloud-supported future expansion
BforBank is the fully digital banking offering from French international banking group Crédit Agricole.
Digital assets platform Elwood lands $70m Series A
The Series A cash will go towards expanding Elwood’s product offerings and global operations.
Token lands $40m to scale open banking payments in Europe
Existing investors Octopus Ventures, Opera Tech Ventures and SBI Investment also participated.
Brazilian fintech Dock lands $110m growth funding at $1.5bn valuation
Dock says the new capital will turbocharge its product development and international expansion plans.
Vietnam’s Saigon-Hanoi Bank taps Temenos for digital upgrade
SHB will leverage Temenos’ open architecture to deliver personalised and AI-supported customer journeys.
ICYMI funding round-up: Sudozi, Mentum, Assetplus, Multipl & Akuvo
Our weekly fintech round-up for you to get the latest funding news from around the world.
Credit card platform Deserve secures $250m credit facility
The new facility follows a $50 million Series D raise in October 2021.
