Bright Money lands $62m debt and equity funding
The round consists of $50 million in debt funding and $12 million in equity.
The round consists of $50 million in debt funding and $12 million in equity.
White is currently serving as CEO at Galileo Financial Technologies, a US-based payments and banking platform.
Raisin claims to have experienced a “steep growth curve” amid interest rate hikes and a “savings rush”.
The bank says a “significant component” of the role will be to “leverage new technologies in the AI arena”.
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
DWS Investment Management Americas Inc. has agreed to pay the penalty without admitting or denying the SEC’s charges.
Drivers will be able to complete refuelling payments via an in-car fingerprint scanner.
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
With a career spanning more than 15 years, Bell brings a “rare wealth of experience” to her new role, Rimes says.
MoneyMasters intends to leverage the partnership to expand its services within the Caribbean region.
The round was led by Framework Venture Partners, with participation from additional investors.
Keller joins Onfido from Europe’s Visable Group, where he served as CTO for over six years.
The news was announced at the Sibos conference, which is being held in Toronto, Canada, this year.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A variety of compelling panels led the event’s narrative on one of this year’s most trending topics.
Demystifying the intricate world of core banking and offering a comprehensive perspective on its evolution.
Jon Daplyn joins as chief information officer and Hari Godbole as vice president of engineering.
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
The UK banking giant has also announced the launch of HSBC TradePay, a document-free digital trade finance solution.
Through the partnership, both firms aim to provide their customers with “more choice” when sending money globally.
RevTags, already available to Revolut’s retail customers, is now being rolled out to its business customers globally.
Experts at Sibos evaluated how enriched data is enabling innovation in AI and the rise of predictive analytics.
Along with the funding, Flex has also launched its finance app catering to underserved small business owners.
Gusto says its solution allows Chase’s payroll processing to become “significantly simplified”.
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
We chat with Chris Giamo of TD Bank about the state of play for commercial banking in North America.
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CGI says its All Payments solution is “a tech stack based on the ISO 20022 standard” used by financial services firms globally.
Automated solutions enabling the timeliness of middle office processes can be key to the T+1 readiness.
The funding came from Kedaara Capital, and existing backers Warburg Pincus and Bessemer Venture Partners.
BMO is looking to improve high-volume payment flow management for its commercial banking clients.
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.
Graziano joins from enterprise SaaS company Amount, where he was CCO for just over a year.
Recharge plans to close two to three more acquisition deals in the next 12 months.
The upgraded core is anticipated to attract new foreign investment to the island’s development projects.
Denodo intends to leverage the funding and TPG’s “deep experience” to expand globally.
The product is now expected to be offered to more credit unions and banks in the US.
Founded in 2020, Panacea Financial provides financial services to healthcare professionals in the US.
The money will be spent on the development of Treasury4’s Entity4 and Cash4 solutions and also partnerships.