Mode Eleven taps Finzly for cloud-based payments platform
Mode Eleven will now be able to facilitate high-value payments on the ACH and Fedwire networks.
Mode Eleven will now be able to facilitate high-value payments on the ACH and Fedwire networks.
Both banks laid off around 500 employees last week, according to media reports.
Together, these credit unions serve 747,388 members and represent $20 billion in assets.
Bamboo believes it is in “a unique position” to capitalise on the growth in the digital payments space in the region.
The agreement is subject to approval from the Bankruptcy Court, and any better offers Plastiq may receive.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
With the funding, Nymbus plans to expand and advance its core banking system, and diversify its product portfolio.
With the funding, Kiwi plans to introduce new products and reach more customers across US and Latin America.
Pipe makes new hires across technology, innovation, product, risk, and operations.
Fifth Third says embedded payments are “a core component” of its treasury management business.
The round was led by Avenir, with participation from existing investor Anthos Capital.
The funding will be used to accelerate the adoption of OpenFin’s software across the financial services industry.
The final day of Daylight’s banking operations will be 30 June.
AI Markets “has been built from the ground up with user experience in mind”, HSBC says.
Resolute is a due diligence provider focused on single family rental (SFR) and residential transition loans (RTL).
The round takes the Restaurant365 valuation to over $1 billion.
Wise will start the search for its next CFO immediately.
Through the partnership, Sonata will provide customers with ways to save and plan for future financial needs.
The feature will be available for customers with a US bank account.
The challenger has raised more than $20 million in its initial round of funding.
With the partnership, the bank aims to retain existing client deposits and attract new retail bank customers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The debt facility will provide Cardless “flexibility” to meet growing demand for co-branded credit card products.
With Corserv, Meridian Bank will be able to offer credit cards with a variety of APRs, rewards and features.
This week’s handy funding round-up includes six fintech firms from across the world.
The partnership will see the bank leverage Google Cloud’s cloud computing, data analytics and AI/ML capabilities.
Bonat will be responsible for software engineering, data science, AI research, IT and product management.
The programme aims to help entrepreneurs from underrepresented communities scale-up their businesses.
In his new role, Waldron will lead VeraScore’s business development and customer acquisition strategies.
Percent will use the funding to further develop its platform and propel its next phase of growth.
Using NCR Digital Banking, SECU will be able to upgrade its mobile and online banking capabilities.
Ripple’s CEO says the deal is “monumental for our growing product suite and expanding global footprint”.
The cuts will fall largely on Zepz’s customer care and engineering teams, CNBC reports.
Binance says it is joining other “prominent” crypto businesses in “proactively withdrawing” from Canada.
N26 says the cuts are a result of the firm “sharpening its focus on its strategic priorities”.
Founded in 2020, Zip helps companies streamline B2B purchasing and manage business spend.
Lizzie Chapman, Ashish Anantharaman, and Priya Sharma are all set to leave the company.
Intapp says the acquisition will augment its risk management and compliance offering.
Through Mbanq, Sagicor Bank aims to offer customers “branchless” digital financial services.