Westpac partners 10x Banking on new platform for institutional clients
10x Banking will provide the core technology for the new venture.
Banking-as-a-Service/BaaS
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.
Deloitte hires Bob Savino to offer new BaaS solution for financial institutions
Savino will head up a fintech start-up team as the consultancy looks to bring a new BaaS solution to market.
First Bank partners Finzly to offer payments services to business customers
First Bank says Finzly’s Payment Hub “gives us the speed and agility to offer a fintech-like payment experience”.
Europe fintech funding round-up: Previse, Qonto, Volume, Tuum & Monspire
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK challenger Starling secures £130.5m funding at £2.5bn valuation
The challenger plans to “build a war chest for acquisitions”.
US fintech Bond teams up with Evolve Bank & Trust for BaaS offering
The partnership will offer new debit and credit card capabilities for businesses and consumers.
BaaS platform NovoPayment lands $19m Series A funding
The round was led by Fuel Venture Capital and IDC Ventures.
MSU Federal Credit Union taps Nymbus to launch new digital brand for alumni
New digital brand AlumniFi is targeted at Michigan-based alumni.
Microsoft teams up with Finastra to offer SME lending through Dynamics 365
Microsoft says the partnership will drive value for SMEs, “the backbone of job creation in the world’s economy”.
Kevin Guy joins UK challenger MoneeMint as COO
Guy has 36 years’ worth of experience across banking and financial services.
Challenger bank Chetwood acquires core banking tech vendor Yobota
The two companies were founded alongside each other in 2016 but developed as separate entities.
UK fintech Monese hires Alistair Bennett as chief product officer
Bennett will also join Monese’s leadership team, subject to FCA approval.
Westpac appoints Damien MacRae to lead new BaaS business
Westpac’s BaaS offering was built in partnership with 10X and integrates 30+ various tech services.
UK fintech start-up Weavr secures $40m Series A round; targets US launch
CEO Alex Mifsud says Weavr shortens the time it takes to launch embedded finance solutions.
OpenPayd hires former Worldpay VP Daniel Belda to head up product strategy
Belda spent the best part of five years in senior positions at Worldpay before moving to OpenPayd.
The Bank of London launches in UK with $1.1bn valuation
The company received its first bank licence as the sixth principal clearing bank of the UK.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
Talenthouse chooses Vodeno and Aion Bank for financial services launch
The global platform for creatives plans a phased roll-out of financial services from this month.
BM Technologies to acquire First Sound Bank
The deal is expected to close in the second half of 2022.
Suits Me moves from Contis to PPS for BaaS
The UK alternative lender is expanding its services using the new platform.
Aussie digital bank Volt partners Frollo to launch BaaS app
The app will be fully integrated with Volt’s core banking system.
ClearBank partners SME bank Recognise to provide Confirmation of Payee
CoP dramatically reduces the risk of fraud, says ClearBank CEO.
Standard Chartered to launch climate-focused savings app powered by Starling
Named Shoal, the platform leverages Starling’s Banking-as-a-Service offering.
South African BaaS platform Jumo raises $120m in funding
The company will use the cash to expand into more emerging markets.
New US fintech Menta picks Agora to power credit builder platform
Menta’s platform is designed to improve access to credit for the underbanked.
Raisin Bank launches BaaS offering on Mambu’s cloud banking platform
German bank claims to be one of the first lenders entirely on the cloud in its home country.
BBVA enters open finance partnership with Italy’s Sella
The European multinationals will utilise open banking platform Fabrick.
What the FinTech? | S.2 Episode 22 | Let’s talk about SaaS
Michel Breeuwer, general manager for the Benelux and Baltics at Mambu, joins us on this week’s episode of the What the FinTech? podcast.
Video: fintech news pick of the week – Stripe, M1 Finance, HSBC & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Digital savings platform Chip adds FSCS protection with ClearBank partnership
Chip savings accounts are now covered by FSCS on deposits up to £85,000.
Filipino BaaS player Netbank picks Chekk for KYC services
Netbank to integrate Chekk platforms into its white-label offerings for customers and businesses.
Neobank FIBR launches to support European SMEs via local lenders
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
HSBC launches new BaaS offering with NetSuite
Major bank plans more BaaS services, including a new digital wallet.
Monese appoints Revolut and JP Morgan veterans to leadership roles
Steve Tryner joins as CFO and fintech veteran Stephen Chang joins as VP of operations.
BaaS platform Productfy raises $16m and forms card issuance partnership
Productfy provides companies with embeddable modules for payments, deposits, and card issuance.
Green Dot picks Temenos Banking Cloud to digitise partner accounts
Prepaid debit card firm plans to roll new system out across multiple channels.
Latin American fintech Dock acquires BaaS platform BPP
Dock CEO Antonio Soares says the move will provide “immediate value to our customer base”.
Swan raises €16m Series A to accelerate European expansion
The BaaS platform wants to democratise access to banking services.
