North America - FinTech Futures

North America

American Express debuts checking account product for small US businesses

The product has been developed by recent AmEx acquisition Kabbage.

Stripe launches AI-based identity verification tool

Stripe Identity aims to help online businesses prevent fraud when accepting payments.

Real-time payments have real-time benefits especially for small businesses

In addition to money, faster payments are also about instant connectivity, precision, transparency and certainty.

Video: fintech news pick of the week – Klarna, Mastercard & BBVA

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

BMO Harris Bank picks FIS for multi-year core banking transformation

FIS’ Systematics legacy tech out, Modern Banking Platform in, at BMO Harris Bank.

KeyBank goes live on SmartStream’s cloud-based collateral management tech

The Cleveland bank aims to reduce infrastructure costs by moving to the cloud.

Mastercard and Visa pick new partnerships to drive biometric payments

Mastercard partners with FinGo following Visa’s deal with ADIB.

clip

Mexican fintech Clip raises $250m in SoftBank-led investment

The investment is the largest ever for a payments company in Mexico.

Google Cloud’s global head of fintech partnerships bids farewell to Big Tech

Anil Saboo leaves after three years at the Big Tech.

BMO picks AWS in push to become “cloud-first organisation”

The Canadian bank plans to move strategic internal workloads to AWS.

Wipro hires former Yes Bank exec Anup Purohit as new CIO

Purohit has previously worked in leadership roles at RBL, Barclays and JPMC.

Video: fintech news pick of the week – Nubank raises $750m; Goldman Sachs partners with Visa

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

Nityo invests $100m in Singapore embedded finance fintech MatchMove

The US-based firm will also become the largest shareholder in the company.

Mastercard launches new initiative to support minority-owned fintech start-ups

The Start Path programme aims to support traditionally underrepresented fintech founders.

Airbase raises $60m in Series B to boost spend management capabilities

The firm has now raised $91 million in total.

Klarna raises $639m in SoftBank-led funding round

The BNPL firm claims it is now valued at $45.6 billion.

Galileo hires former Google Cloud exec Derek White as new CEO

White replaces Galileo founder Clay Wilkes who will switch to vice chair.

Financial wellness platform Credit Sesame raises $51m to fuel expansion plans

The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.

Goldman Sachs partners with Visa for cross-border payments

The partnership aims to streamline the bank’s existing systems for both commercial and corporate clients.

Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal

The two parties claim the deal will be finalised later this year.

Federal appeal overturns New York block on US Fintech Charter

The three-judge panel said NYDFS failed to show it had suffered “actual or imminent injury”.

Singapore fintech Nium acquires B2B travel payments firm Ixaris

The transaction is expected to close early in the third quarter of 2021.

Payfare expands leadership team with new CTO and CPO

Kamran Haidari joins as CTO and Braulio Lam will lead product innovation as CPO.

Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

Nubank raises $500m from Buffet-led Berkshire Hathaway in $750m mega-round

The Brazilian digital bank’s Series G funding round has now topped $1.15 billion.

Mitek acquires biometrics firm ID R&D to integrate anti-spoofing technology

The deal sees ID R&D shareholders receiving $49 million in Mitek stock and cash.

Trulioo raises $394m in TCV-led Series D funding round

The identity verification firm has now raised $474m in total.

Klarna sways towards US over UK for stock market listing

Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”

Irish start-up Wayflyer raises $76m in Series A funding round

Funds from the raise will be used to support Wayflyer’s product development and international expansion.

Fintech start-up Capchase plans European expansion after $125m funding round

The US-based service is available in the UK and Spain and expects to launch in more European countries soon.

Afterpay user files US class action lawsuit over “huge undisclosed fees”

The user says Afterpay doesn’t educate customers about the bank’s overdraft fees

Circle raises $440m in financing to drive expansion

The company claims the funds will allow it to meet “significant global demand”.

Morgan Stanley signs cloud partnership deal with Microsoft

Deal forms part of the US bank’s multi-cloud strategy.

PayPal invests $135m in financial institutions that support underserved communities

The investments are part of its $535 million commitment to those without access to banking.

Synctera

Community bank-focused Synctera raises $33m in Series A round

Synctera aims to facilitate partnerships between community banks and fintechs.

United Fintech hires 14-year Goldman veteran to lead North American expansion

Mark Lawrence joins the scale-up to grow its business in the US and beyond.

Intraday FX swaps move closer with 11-bank trial

The bank-led initiative uses the platform from London-based firm Finteum.

Latin America open finance specialist Belvo raises $43m

The Series A funding round is claimed to be the largest to date for a fintech in Latin America

FortisPay acquires EpicPay and Change Merchant Systems

US payments firm plans to create a unified platform combining all three.

Video: fintech news pick of the week – HSBC, Klarna & Tandem

Top pick of news from the world of finance and tech in bitesize video format, twice a week.

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