US crypto exchange Gemini banks on ClearBank for UK operations
Gemini launched in the UK two months ago.
Business-to-Business/B2B
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
How real are real-time payments?
Incumbents and fintechs face the same challenges when scaling real-time payments.
MSU Federal Credit Union built its own app in 2009 – where is it now?
MSU holds around $5.5 billion in assets and is America’s 48th largest credit union.
Mastercard to help Canada build its new real-time payments rails
RTR marks a big step in modernising Canada’s payments system.
UK BaaS Railsbank lands $37m for US credit expansion
“Railsbank [is] set out on a mission to be a truly global platform.”
US fintech lender Upstart Holdings files for IPO
To date, the fintech has raised some $165 million in funding.
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
NerdWallet makes second acquisition in 2020 with Fundera
The deal with Fundera sees NerdWallet continue to diversify its business.
Fast is speeding to a $1bn valuation just one year after seed
The start-up’s speedy route to what could be unicorn status is unusual.
Visa to acquire LatAm API-based payments fintech YellowPepper
The value of Visa’s acquisition is also undisclosed.
US holding firm Syncapay buys Wirecard’s North America business
Wirecard put the market value of its North American business at €824m.
Enveil CEO: Fragmented AML regulation creates “Russian doll effect”
Williams likens it to the “Russian doll effect”.
Ex-Revolut execs form start-up investment firm Expansion Capital
Of its 15 investments, three were founded by Revolut alumni.
US rapper Killer Mike unveils Black and Latino-focused challenger bank Greenwood
Each month, the digital challenger promises to gift $10,000 to Black or Latinx businesses.
Ternio becomes Visa’s first crypto enablement partner for debit cards
“This shows Visa’s commitment to onboard other companies which develop crypto.”
Marqeta bags undisclosed Mastercard investment
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Sibos 2020: Finastra steps out of big bank payments bubble with smaller bank offering
“In Europe, these [smaller] banks are the vast majority.”
Jumio talks Asia-Pacific growth, the platform play and new sectors
“There is a long-term value proposition in re-authentication,” says CRO.
MineralTree raises $50 million, acquires Inspyrus and Regal Software
Accounts payable firm plans to take firm grip of mid-market segment.
Crypto exchange Gemini launches in UK armed with EMI licence
UK customers can now make GBP deposits to fund their Gemini account.
Nasdaq plans cloud migration for all 28 markets by 2030
“The real benefit [of the cloud] is the ability to scale,” says Nasdaq.
US payments firm Melio raises $80m in Series C funding round
Melio plans to use its new funding to expand and reach more customers.
FinovateFall 2020: Why Banking-as-a-Service is fintech’s newest trend
It essentially turns the company into a challenger bank, even if the company has no ties to banking.
FinovateFall 2020: COVID-19 a chance to build, not just react
“Companies need to leverage this inflection point correctly.”
Supplement: FinovateFall 2020
Read our free FinovateFall Supplement, packed with fintech goodness!
Mastercard unveils virtual CBDC testing environment
A switch in tactic from Mastercard, which wasn’t always in favour of CBDCs.
FIS claims early cloud investment prevented COVID-19 disruption
A number of US banks suffered downtime in April due to COVID-19 stimulus cheques.
Small challenger Jiko buys Minnesota bank
Instead of sitting in deposits, Jiko customer money sits in Treasury Bills.
RTGS Global kicks into gear to disrupt correspondent banking
RTGS has built its system on Microsoft Azure.
Aussie BNPL Zip closes $296m acquisition of US player QuadPay
“The US is a critical part of our global strategy,” says CEO.
NerdWallet steps outside US, acquires UK’s Know Your Money
Know Your Money had some five million consumers and 1.2 million business clients in 2019.
US payments start-up Finix lands $30m from Lightspeed & Amex
To date, Finix has raised $96 million in venture capital.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
US credit fintech for minorities Esusu lands £2.3m
More than 5,000 renters in the US have applied for Esusu.
ID start-up Socure lands $61m from Citi, Wells Fargo & MVB
The start-up was co-founded back in 2012.
JP Morgan’s blockchain platform Quorum moves to Brooklyn
JP Morgan has also made an undisclosed strategic investment in ConsenSys.
LA start-up AmplifyX lets investors build portfolios around musicians
From 2015 to 2019, the entire music industry grew sales at a 9% rate.
US unicorn AvidXchange launches secondary offering
AvidXchange says it’s had a three-year growth rate of 133%.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
