Ally Financial to buy CardWorks for $2.65bn, shares fall 10%
The deal grows Ally’s user base to 11 million across 50 US states.
The deal grows Ally’s user base to 11 million across 50 US states.
The fintech has acquired the $1.4 billion asset-holding Radius Bank for $185 million.
Job loss figure more than triple the number expected to be cut by the bank.
One fintech said they were “surprised” by the strict deadline.
FinTech Future’s weekly news round-up.
The bank is splitting its three-part structure into five.
Texan bank already deploys Nymbus at its digital subsidiary.
Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).
“We’re building a lifestyle brand,” says the fintech’s Europe CEO.
Ivestors: “The financial industry is ready for new technology to improve the way people pay for goods and services.”
The additional $7 million came from Napier Park Financial Partners.
It’s relying on two drivers: physical meetup spaces and brand ambassadors.
FinTech Futures talks to two BPC senior VPs about the company’s new processing business.
FinTech Future’s weekly news round-up.
The round includes new investment from DNX Ventures, Battery Ventures and more.
Bank to offer Infor data matching service to clients.
The neobank can extend its list of international payee countries to one 33 times the size.
Fiserv’s VisionPlus will power Za Bank’s entire card payment lifecycle.
The bank promised investors in January that it would find new revenue streams.
Finix will free up more revenue for businesses.
Customers get one ‘AAdvantage’ (AA) mile for every dollar they save.
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
Bankable also plans to open New York office.
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
Paras Shah was Citi’s head of high-yield bond trading for Europe, the Middle East and Africa.
Banesh Prabhu talks on FinTech Futures about open banking, legacy tech and CX.
Founder Hash Aboulhosn restarts company to found new venture.
Chai was previously head of post-trade at HKEX.
US investment bank installs tech to reduce duplication.
The product could go live as soon as March this year.
The investment brings the fintech’s total funding raised to $40 million.
The everyday account will be linked to ETF returns.
Top dogs: The challenger bank success stories of 2019.
FinTech Futures’ weekly news round-up.
New CEO Arvind Krishna will take the helm.
It will notify the impacted staff on 6 February.
Funds aren’t released until both musicians and producers deliver on a project.
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
The challenger will offer payday advances by selling its service through employers.
FinTech Futures speaks to Andrew Beatty of FIS about its new platform.