Video: fintech news pick of the week – Goldman Sachs, Paysafe, HSBC & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Banking
FinTech Futures Jobs: Three companies on hiring sprees right now
Exciting vacancies at Broadridge, Finastra and Grant Thornton. Apply today!
Christian Financial Credit Union picks NCR tech for digital banking revamp
Michigan credit union praises NCR for “seamless integration”.
Israel Discount Bank of New York picks Argo for anti-fraud
Texas-based Argo will deploy its OASIS platform.
US fintech One lands $40m in Series B funding
Start-up aims to bring “all-in-one banking” to middle-class Americans.
The birth of personal banking assistants
Banks should aim to utilise more data to become a personal banking assistant for your money/wealth.
Dear Luc: Should I use influencers to target Gen Z?
This week someone asks: we’re targeting Gen Z, how can we utilise our spend on marketing and influencers?
Goldman Sachs to acquire asset management firm NNIP in $2bn deal
US bank continues drive towards new revenue streams.
Danish challenger Kompasbank goes live with Mambu’s cloud banking platform
COO says Mambu is “the right choice to help us on our growth trajectory”.
Plaid announces Series D extension featuring AmEx and JP Morgan
CEO Zach Perret says its new backers are “storied companies”.
Resigning to the facts
People join companies but leave managers. And that is a fact.
Paysafe makes second LatAm acquisition with $441m SafetyPay deal
Paysafe plans further push into growing region for payments.
UK challenger Kroo lands licence to build social bank
Kroo, formerly B-Social, plans a full launch in 2022.
LendInvest signs partnership with HSBC and Barclays worth £150m
Property finance firm continues growth with new collab deal.
LHV UK appoints three new execs to support UK banking push
Gary Sher, Assad Kazi and Rebecca Wright join as CFO, CRO and CPO, respectively.
Cartoon: Pac-Man, our friendly neobank
This new cartoon illustrates some of the daily threats faced by neobanks.
Financial inclusion: understanding the needs of the underbanked
Better access to a wider range of banking services can help drive financial inclusion for all customers.
Goldman Sachs hires AWS exec to boost asset management division
Kamlesh Talreja joins to improve client experience for Goldman clients.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
HSBC acquires Axa’s Singapore insurance arm in $575m deal
HSBC doubles down on profit-making Asian businesses.
US Bank acquires SME expenses firm Bento Technologies
US Bank aims to combine its payment and expenses offerings for SMEs.
Reimagining customer experience in financial services
Utilising the cloud can help banks get customers to the right person at the right time.
Fintech funding deals globally 9 August – 15 August 2021
Featuring Carta, Uala, FalconX, M-DAQ and TaxBit.
Figure Technologies to merge with Homebridge Financial Services
Blockchain firm says its technology can double Homebridge’s capacity.
Change at the top for SimCorp as Christian Kromann appointed new CEO
Kromann takes over from incumbent Klaus Holse, who held the role for nine years.
Azentio Software acquires Islamic banking vendor Path Solutions
Singapore company, spun out of 3i Infotech, plans end-to-end platform with new assets.
Temenos wins long-term deal with Hamilton Reserve Bank
Caribbean bank signs up Temenos to cover a range of banking services.
British Business Bank selects Solidatus for data management
Firm looks to boost its data governance and data lineage capabilities.
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Mambu wins new digital banking deals in Colombia and Vietnam
German banking vendor signs a pair of new deals spread across the globe.
Triodos Bank UK partners SurePay to deploy Confirmation of Payee solution
Triodos says it chose to partner with SurePay due to its “best-in-class” platform.
Dutch challenger Bunq hires Jon Fath as new COO
Fath joins from AI logistics firm Transmetrics, where he worked as CEO.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
The social dilemma
With half the world on social media, why are so many FIs still shying away from it in fear?
Cosy murder
Accepting the premise of the question keeps things tidy, but life doesn’t work that way.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
Circle announces plans to become a national digital currency bank
The firm says it will operate under the supervision of US financial regulators.
Social finance app Frich launches in the US
NYC-based Frich offers a savings wallet and no-fee overdraft for Gen Z users.
Kroo nets £17.7m Series A funding to build new digital bank
Neobank hopeful aims to secure a full banking licence ahead of a planned launch in 2022.
Fintech start-up dopay gains Egyptian banking licence
The payroll company is looking to launch a new digital banking platform in the country.
