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Video: Top fintech stories this week – 26 February 2021

FinTech Futures’ weekly news round-up.

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.

Photo by Photo by RDSmith4 / CC BY

US Federal Reserve’s payment system down for more than three hours

Both Fedwire and FedDACH went down this week, and remained so for a few hours.

What the Fintech? | S.2 Episode 5 | Rising to the top

Featuring Alexandra Boyle, head of strategic client group for Europe at ‎OpenFin.

data flow

Report: The power of data analytics in fintech solutions

A deep-dive industry report focused on the priorities and use of data analytics at financial institutions.

Subway standardises its payments over all 42,500 restaurants globally

Subway claims it is one of the first in North America to standardise payments on this scale.

Western Alliance Bank splashes $1bn on mortgage firm AmeriHome

Arizona bank diversifies its book by branching into mortgages.

US fintech for gamers Zytara signs payments partnership with i2c

The deal follows Zytara’s launching of its own stablecoin.

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.

UK Black-owned challenger Atmen to launch in March

The start-up is now looking to raise £5 million from institutional investors.

Video: Top fintech stories this week – 19 February 2021

FinTech Futures’ weekly news round-up.

Stripe valuation rises to $115bn according to investors

The $115 billion figure is more than threefold its $36 billion valuation.

GameStop trader Deep F—ing Value, a licensed broker, sued for “fake persona”

The lawsuit accuses Gill of “deceitful and manipulative conduct”.

What the Fintech? | S.2 Episode 4 | TMRW never dies: digital banking in the ASEAN

Featuring Stuart Smith, head of regional engagement and UX design at UOB’s TMRW Digital Bank.

Marqeta files for IPO with SEC targeting $10bn valuation

The fintech’s current valuation sits at $4.3 billion.

JCUUL

Jamaica Co-operative Credit Union League picks ERI for core banking

25-member group to replace legacy tech with ERI’s Olympic.

Baptist Health Federal Credit Union picks Finastra system

Healthcare-supporting FCU revamps digital channels.

FinTech Futures presents Dock – a virtual roundtable experience

Take part in Dock on 18-19 May to discuss the industry’s pertinent problems and find the solutions.

FDIC appoints Neocova’s Sultan Meghji as first chief innovation officer

The US agency is aiming to boost innovation among banks and credit unions.

Banking Tech Awards 2020 Winners Supplement out now

Showcasing the most impactful and innovative projects, products, services and people in fintech in 2020.

Personetics raises $75m from Warburg Pincus

Data analytics and customer engagement firm plans expansion with new funding.

Jeremy Balkin HSBC

Jeremy Balkin calls time on HSBC US innovation role

Balkin leaves his post after six years with the bank.

Robinhood backer Tiger Global leads $200m investment in rival Public.com

Public.com – as on 1 February – decided to stop making profits from payment for order flows.

MoneyLion set to go public via $2.9bn Spac deal

The fintech anticipates year-over-year growth of around 88%.

Fintech funding deals globally 8-14 February 2021

Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.

SoLo Funds snaps up $10m Series A for P2P lending

SoLo brought in $12m, which includes a $2.8m seed round and a series of convertible notes.

US Faster Payments Council report shows state of US payments

It provides a true illustration and understanding of how funds move on the networks.

Monzo appoints Carol Kobuke Nelson as new US president and CEO

Nelson spent 23 years at Bank of America.

BNY Mellon to finance crytpo and signs Google Cloud deal

The bank cites “growing client demand for digital assets”.

US core banking vendor Nymbus lands $53m top-up led by existing backer

Nymbus is gearing up to launch “Nymbus Labs”.

Video: Top fintech stories this week – 12 February 2021

FinTech Futures’ weekly news round-up.

ICYMI funding round-up: Trade Ledger, Mesh, Safepay, Globacap & more

We round up some of the funding rounds that may have slipped you by.

Dublin’s ION Group snaps up New York trading tech firm Dash

ION Group has bought a handful of other firms to date.

San Fran fintech Zeta lands $1.5m for couples banking

Currently, the start-up makes money on partial interchange fees.

BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake

Southwestern US bank picked SilverLake after feedback from its peers.

Banking Technology February issue out now

The roaring 20s.

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