Mobile first, second and third!
Most companies talk about the importance of mobile technology, but I’m not convinced there is a proper understanding.
Financial Services/Finserv
Swift launches low-value payments service Swift Go
Payments network aims to make things easier for small businesses.
White paper: How top companies are better mitigating fraud & enhancing CX with Phone-Centric Identity
Nine of the top ten banks use Phone-Centric Identity to mitigate fraud. Do you?
White paper: Data’s evolution in the cloud – financial services’ long-time data advantage
New research by The Economist about the banking industry’s attitudes, progress, and aspirations for leveraging data.
Vestwell lands $70m Series C round co-led by Wells Fargo
Series C takes Vestwell’s total funding to around $112m over four rounds.
Paystone raises $23.8m for payments and engagement platform
Canadian company brings total raised in 2021 to $78.7 million.
Simon secures $100m Series B funding to drive growth
Simon says the funding will be used to expand its core offering.
Video: fintech news pick of the week – Visa, FTX and Bank of Ireland
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Paystand lands $50m in Series C funding round
The blockchain-powered payments firm will use the new capital to grow the business.
BNPL firm Zilch raises additional $110m in Series B extension
The funding has been led by Goldman Sachs Asset Management and DMG Ventures.
Fintech funding deals globally 19 July – 25 July 2021
Featuring FTX, Soldo, Spendesk, Zilch and FloQast.
BNP Paribas Wealth Management picks InvestCloud to boost onboarding
InvestCloud’s solutions will be used for onboarding and managing high-net-worth client relationships.
Webinar: Unmortgage your mortgage processes with data
Learn how to accelerate your journey to a modern, flexible mortgage infrastructure.
FinTech Futures Jobs: Three really great jobs to take a look at this week
Exciting vacancies at Plum, Viber and BNY Mellon. Apply today!
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Payments platform Dwolla secures $21m investment
Dwolla’s last venture funding round resulted in a $12 million raise in 2018.
OKCoin partners Worldpay to expand global merchant acquiring
Cryptocurrency exchange wanted “a proven and experienced partner”.
Dear Luc: What’s the deal with embedded finance?
This week someone writes in to ask: how can I get on the embedded finance bandwagon?
Open banking myths
We are still at the start of the journey with open banking and have yet to see its full potential.
US real estate platform Lev raises $30m in Series A
Lev has now raised a total of $44.8 million.
Fintech start-up Capchase raises $280m in funding to drive growth
The financing follows a $125 million Series A funding round just last month.
UBS pays $8m to settle SEC compliance charges
US regulator found failings in the bank’s handling of exchange-traded products.
Robinhood plans $35bn IPO as crypto arm predicts $30m probe settlement
Retail trading app expects to sell shares between $38 and $42.
Cambridge Savings Bank launches new digital banking solution
Ivy Bank will act as a digital-only division of CSB.
Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Is regtech living up to expectations? (And if not, why not?)
Until regtech is embedded into the core processes of wealth management, its potential remains constrained.
Cardless raises $40m in Series B funding
Cardless has now raised $50 million in total funding.
How COVID-19 has accelerated the use of digital banking solutions in Africa
The past year has seen a clear trend towards the adoption and acceleration of digital banking products.
Fintech funding deals globally 12 July – 18 July 2021
Featuring insightsoftware, Revolut, Lunar, Quantexa, and M1 Finance.
Verizon and Mastercard forge partnership to bring 5G capabilities to payments
Internet of Things (IoT) sensor connectivity will be combined with near real-time edge computing.
Discover targets BNPL offering with $30m Sezzle investment
The firm plans to launch a BNPL network solution on the Discover Global Network.
Data extraction start-up Daloopa lands $20m investment led by Credit Suisse
The firm has now raised around $24 million in total.
Classic product placement has had its day
Product placement is easily recognised by the customer and viewed negatively.
AI and machine learning spearheading rapid change in data reconciliations
The industry is moving towards Reconciliations-as-a-Service, says SmartStream’s Robin Hasson.
Video: fintech news pick of the week – Revolut, Lunar and the UK fintech sector
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
M1 Finance secures $150m in SoftBank-led funding round
The firm claims the investment now takes its total valuation to $1.45 billion.
White House backs US open banking reform
The Biden Administration is looking to tackle the slow progress of open banking in the US.
FortisPay appoints three new execs amid C-suite shake-up
The fintech firm has announced a new CEO, CFO and chief integration and information officer.
What the hell happened to help?
Banks could do more to provide financial education, guidance and advice to customers.
Revolut hits $33bn valuation with $800m Series E investment
The round was led by SoftBank’s Vision Fund 2 and Tiger Global.
