BankingTech

Solarisbank raises €190 million and acquires Contis

Solarisbank raises €190 million and acquires Contis

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Solarisbank, the European banking-as-a-service provider, has raised €190 million in an oversubscribed series D funding round that values the Germany-based fintech at €1.4 billion. The...
SaaScada appoints Paul Payne as chief technology officer

SaaScada appoints Paul Payne as chief technology officer

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SaaScada, the new core banking platform and services provider, has appointed Paul Payne as its chief technology officer. Payne will oversee the execution of UK-based...
Starling Bank acquires buy-to-let specialist mortgage lender

Starling Bank acquires buy-to-let specialist mortgage lender

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Starling Bank has acquired specialist buy-to-let mortgage lender Fleet Mortgages in a £50 million cash and share deal. Fleet Mortgages, based in Hampshire, UK, focuses...
Revolut raises $800m of funding

Revolut raises $800m of funding

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Revolut, the fintech whose banking app has more than 16 million customers worldwide, has raised $800 million in series E funding, valuing the business...
Circle to float on NYSE

Circle to float on NYSE

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Circle, a fintech that provides payments and treasury infrastructure for internet businesses, is combining with Concord Acquisition Corp, a publicly traded special purpose acquisition...
Crown Agents Bank launches EMpower Pensions

Crown Agents Bank launches EMpower Pensions

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Crown Agents Bank, the UK-regulated financial service partner of choice for governments, international development organisations, banks and pension administrators, has launched a new pension...
Visa to acquire European open banking solution provider Tink

Visa to acquire European open banking solution provider Tink

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Visa has signed a definitive agreement to acquire Tink, the provider of open banking solutions that enables financial institutions, fintechs and merchants to build...
JPMorgan Chase to acquire UK wealthtech Nutmeg

JPMorgan Chase to acquire UK wealthtech Nutmeg

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JPMorgan Chase has struck a deal to buy UK-based digital wealth management provider Nutmeg. Reports value the transaction at £700 million. The acquisition comes as...
Standard Chartered partners with Franklin Templeton to launch Autumn

Standard Chartered partners with Franklin Templeton to launch Autumn

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SC Ventures, the innovation and ventures unit of Standard Chartered, and asset management firm Franklin Templeton have partnered up to launch Autumn, a wealth,...
Dreams rolls out financial wellbeing platform at Ukrsibbank

Dreams rolls out financial wellbeing platform at Ukrsibbank

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Dreams, the provider of behavioural and engagement banking solutions for some of the world’s largest financial institutions, has launched its financial wellbeing platform in...
PayAlly strengthens international payments offering with Banking Circle

PayAlly strengthens international payments offering with Banking Circle

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PayAlly, provider of the fully integrated payments ecosystem for small- and medium-sized enterprises (SMEs), is using Banking Circle solutions to improve its multi-currency business-to-business...
Uncapped raises $80 million to fund new banking services

Uncapped raises $80 million to fund new banking services

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Uncapped, a UK-based startup changing the way online companies fund their growth and inventory costs, has raised $80 million of debt and equity in...
Tink and American Express enter open banking partnership

Tink and American Express enter open banking partnership

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Tink and American Express have entered a European open banking partnership to improve the onboarding process for new card members. Integrating open banking technology into...
Virgin Money partners with Trade Ledger as part of a new business banking proposition - Main

Virgin Money partners with Trade Ledger as part of a new business banking proposition

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Virgin Money is continuing to build its business banking proposition with the addition of fintech partner Trade Ledger, which specialises in data-driven lending technology. Trade...
Starling Bank secures £50m investment from Goldman Sachs

Starling Bank secures £50m investment from Goldman Sachs

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Starling Bank has received a £50 million investment from Goldman Sachs Growth Equity. The investment is an extension of Starling’s oversubscribed £272 million series D...
J.P. Morgan expands use of the Acin operational risk management and benchmarking platform

J.P. Morgan expands use of the Acin platform

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J.P. Morgan is expanding its use of the Acin platform to cover its global markets business. Acin, the software-as-a-service regtech company that has created a...
Banking tech provider NYMBUS launches dedicated business for credit unions

Banking tech provider NYMBUS launches dedicated business for credit unions

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NYMBUS, a provider of core banking technology based in the US, has set up a new business to support credit unions with dedicated fintech...
Meniga closes €10 million funding round

Meniga closes €10 million funding round

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Meniga, a provider of digital banking solutions for some of the world’s largest financial institutions, has closed a €10 million strategic investment round. Velocity Capital...
Banking Circle moves infrastructure onto the cloud

Banking Circle moves infrastructure onto the cloud

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Banking Circle, the financial infrastructure provider, is now completely cloud-based, with all aspects of its service hosted within Microsoft Azure. This includes its purpose built,...
OakNorth Bank achieves pre-tax profit of £78 million

OakNorth Bank achieves pre-tax profit of £78 million

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OakNorth Bank lent £1.1 billion last year and achieved a pre-tax profit of £78 million. Since 2015, the bank has lent more than £5.1 billion,...
Railsbank launches in Australia, partners with Volt

Railsbank launches in Australia, partners with Volt

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Embedded finance provider Railsbank has launched in Australia via a partnership with the country’s first neobank, Volt. Describing Australia as "a highly strategic market", the...
Planixs lands Santander in major liquidity management contract win

Planixs lands Santander in major liquidity management contract win

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Planixs, the provider of real-time, intraday cash, collateral and liquidity management solutions, has landed a major client. Santander, a global systemically important bank (GSIB), will...
Starling Bank lands £272m in funding, achieves £1.1b pre-money valuation

Starling Bank lands £272m in funding, achieves £1.1b pre-money valuation

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Starling has completed a £272 million series D funding round that gives the digital bank a pre-money valuation of £1.1 billion. Fidelity Investments led the...
2021 - the dawn of better business banking 1

2021: the dawn of better business banking?

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It was inspiring to see how small businesses responded to the new and changeable restrictions in place due to the coronavirus pandemic. They adapted...
BNY Mellon plans new solutions in digital assets and collateral management

BNY Mellon plans new solutions in digital assets and collateral management

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BNY Mellon will develop new solutions and capabilities for digital assets and collateral management under plans announced this month.  The custody bank has launched a...
Monzo to raise £50 million in new funding

Monzo to raise £50 million in new funding

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Monzo, the UK digital bank, is raising an additional £50 million through an extension of its series G funding round. The equity funding is coming...
Minna Technologies raises €15.5 million for subscription management service

Minna Technologies raises €15.5 million for subscription management service

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Subscription management company Minna Technologies plans to widen access to its open banking technology after securing €15.5 million in series B funding. The series B...
Goldman Sachs chooses Marqeta's card issuing platform for Marcus

Goldman Sachs chooses Marqeta’s card issuing platform for Marcus

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Goldman Sachs will use Marqeta's card issuing platform to underpin its Marcus current accounts when they launch later this year. Marcus, the global financial services...
NBX eyes banking licence after funding boost

NBX eyes banking licence after funding boost

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The Norwegian Block Exchange (NBX) is on course to obtain a banking licence and become a preferred digital assets services provider in the Nordics...
Oxygen raises $17 million for digital banking platform

Oxygen raises $17 million for digital banking platform

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San Francisco-headquartered digital banking platform Oxygen plans to use the $17 million raised from its series A funding round to scale its team, accelerate...
Billhop partners with OmaSp to boost Finnish business cash flow

Billhop partners with OmaSp to boost Finnish business cash flow

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A new partnership between Billhop and Oma Säästöpankki Oyj (OmaSp) will help Finnish businesses improve their cash flow and close their liquidity gap. Billhop, a...
Conio partners with Banca Generali to take cryptocurrency mainstream in Italy

Conio partners with Banca Generali to take cryptocurrency mainstream in Italy

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Italian private bank Banca Generali is entering the cryptocurrency market through a new partnership with local fintech company Conio, a wallet provider offering bitcoin...
iZettle joins Starling Bank's Business Marketplace

iZettle joins Starling Bank’s Business Marketplace

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PayPal’s iZettle is the latest addition to Starling Bank's Business Marketplace. Swedish mobile payments company iZettle, which joined PayPal for $2.2 billion in 2018, will...
Swedbank chooses Meniga to revamp digital banking for customers

Swedbank chooses Meniga to revamp digital banking for customers

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Swedbank is using the services of fintech company Meniga to provide a new digital banking solution to customers in Sweden, Estonia, Lithuania and Latvia. The...
Dreams partners with Ukrsibbank for digital personal finance tools

Dreams partners with Ukrsibbank for digital personal finance tools

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Sweden-headquartered Dreams, a provider of digital self-help tools for managing personal finances, is partnering with Ukrainian commercial bank Ukrsibbank. Dreams is developing a proposition in...
Starling Bank eyes monthly profitability after breaking even

Starling Bank eyes monthly profitability after breaking even

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Starling Bank is now breaking even after reporting a trading update for the three months up to 31 October. The digital bank has nearly 1.8...
Santander partners with Personetics to launch money management feature

Santander partners with Personetics to launch money management feature

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Santander's investments in fintech companies through its dedicated venture capital arm are paying off with the launch of a money management feature built on...
Greenwood raises $3 million to launch digital bank for Black and Latinx communities

Greenwood raises $3 million to launch digital bank for Black and Latinx communities

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US-based challenger bank Greenwood has raised $3 million in seed funding from private investors to launch the first digital banking platform for Black and...
​​​​​​NEC to buy Avaloq for $2.2 billion

​​​​​​NEC to buy Avaloq for $2.2 billion

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​​​​​​Japanese electronics conglomerate ​​​​​​NEC has struck a deal to buy Switzerland-based Avaloq, a provider of digital banking solutions, core banking software and wealth management...
Raiffeisen Bank International and Moxtra develop virtual branch service

Raiffeisen Bank and Moxtra develop virtual branch service

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Raiffeisen Bank International has launched a virtual branch service in partnership with US-based fintech company Moxtra. RaiConnect features a full suite of collaborative modules and...
Backbase rolls out platform at TPBank

Backbase rolls out platform at TPBank

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Netherlands-headquartered Backbase has deployed its digital-first banking platform at Vietnam’s Tien Phong Commercial Joint Stock Bank (TPBank). The Backbase platform allows banks to design a...
Moov Financial raises 5.5 million in seed funding

Moov Financial raises 5.5 million in seed funding

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Moov Financial, the US-based open source embedded banking platform, has raised $5.5 million in seed funding. Led by Bain Capital Ventures, the funding round also...
OakNorth Bank receives new CBILS allocation after approving over £600m in loans

OakNorth Bank receives new CBILS allocation

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OakNorth Bank has approved more than £600 million in new loans to support British businesses since lockdown began in March. The UK bank, which is...
Revolut and Starling Bank eye profitability despite losses

Revolut and Starling Bank eye profitability despite losses

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The UK's three major challenger fintech firms are yet to turn a profit, but two, Revolut and Starling, remain optimistic that they can overcome...
Quantum Group acquires mobile cashback app Tail

Quantum Group acquires mobile cashback app Tail

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UK-based fintech incubator Quantum Group has acquired mobile cashback app Tail. Quantum Group, which acquired 30% of Tail in 2019, completed its acquisition of the...
Google to launch US digital bank account with BBVA and others in 2021

Google to launch US digital bank account with BBVA and others in 2021

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Google has partnered with eight banks, including BBVA, to offer digital accounts to Google Pay users in the US. The internet company revealed late last...
FinecoBank enjoys strong H1 2020 in UK

FinecoBank enjoys strong H1 2020 in UK

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European fintech FinecoBank registered strong activity from its UK client base across its brokerage, investing and banking business during the first half of this...
What does the Wirecard scandal mean for the future of digital banking 2

What does the Wirecard scandal mean for the future of digital banking?

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In the midst of the Covid-19 pandemic, right between the health crisis winding down and the fear of a second wave kicking up again,...
Opera to acquire Fjord Bank as fintech expansion continues

Opera to acquire Fjord Bank as fintech expansion continues

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Norway-headquartered internet company Opera is moving into the banking space with the acquisition of Fjord Bank. With a growing user base of more than 50...
ClearBank expands senior management team with two new hires

ClearBank expands senior management team with two new hires

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ClearBank, the cloud-based clearing bank, has appointed James Hopkinson as chief financial officer and Stuart Morley as chief information officer.  Hopkinson joined ClearBank earlier this...