Flagstar Bank suffers data breach as employee data posted online
A zero-day vulnerability left Flagstar’s data exposed to cybercriminals.
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Minu raises $14m to provide on-demand salary payments in Mexico
Minu has raised $20 million since 2019, and plans an expansion in its home country.
Fintech funding deals globally 1-7 March 2021
Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.
Canadian Western Bank deploys new Temenos SME product
CWB extends a partnership with Temenos that stretched back to 2012.
What the Fintech? | S.2 Episode 6 | Open banking on the loose
Discussing all things open banking with Pablo Reyes, director of technology at Strands.
Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
Trulioo hires new CTO in OpenText’s Hal Lonas
Lonas joins to spearhead the firm’s product development.
Stori raises $32.5m in Series B funding
The round was led by Lightspeed Venture Partners.
Payments Canada picks Interac for real-time infrastructure
Interac will use its e-Transfer service in the design, construction and maintenance of the system.
American Business Bank picks Teslar Software to refresh commercial lending
The Los Angeles bank says it wanted a “forward thinking” partner.
Crypto.com signs first-of-its-kind F1 sponsorship deal with Aston Martin
Aston Martin wants to be at the “forefront” of the crypto boom.
Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
Goldman’s consumer head Omer Ismail leaves for Walmart’s fintech venture
Ismail architected the firm’s move into consumer digital banking.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
Robinhood pushes on with IPO plans despite facing 49 GameStop lawsuits
Robinhood has held talks with underwriters about filing “within weeks”.
Brex raising at $8bn valuation following banking licence application
Tiger Global Management is reportedly backing the round.
Black-owned First Boulevard bank secures $5m ahead of its official launch
Part of its goal with the new capital involves building out a Black business marketplace.
Finix closes $3m Black and Latinx investor-led SPV
“This is very personal for me as a founder of colour,” says Finix founder.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
US credit builder Petal closes $125m debt facility
Petal has closed $440 million in debt and raised $100 million in equity.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
What did the GameStop saga expose about UK trading regulation?
FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.
HSBC explores options for loss-making US arm as profits dip 34%
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
US corporate card provider Brex applies for banking licence in Utah
SVB’s former chief digital officer Bruce Wallace will head up Brex Bank.
Fintech funding round-up: SeedFi, Libeo, Ember and Finch Capital
A round-up of some of the recent investments in fintech, paytech and tax tech firms.
NBA star Russel Westbrook leads $63m investment in Varo Bank
Westbrook also joins the bank as an advisor on communities of colour.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
Robinhood hires two execs from US regulator Finra
Former Finra execs Anthony Cavallaro and Josh Drobnyk join the fold.
Chris Brummer in line for CFTC chairman role as Tarbert steps down
President Biden’s reshuffle of regulatory top jobs continues.
Plaid launches incubator FinRise for fintech founders of colour
The incubator is looking to accept just three-to-five start-ups.
What the Fintech? | S.2 Episode 1 | Innovation in commercial lending
Innovation in commercial lending with special guest, Dean Snyder, EVP at AFS.
New York cash advance app Brigit reveals $35m Series A
Brigit’s CEO is a former Deutsche Bank and Infosys executive.
