BankingTech

Raiffeisen Digital Bank launches a new app in six months with Mambu

Raiffeisen Digital Bank launches a new app in six months with Mambu

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Raiffeisen Digital Bank, a provider of consumer lending products in Poland delivered exclusively online, has launched a new mobile app using the Mambu low-code...
Chip launches growth investment round

Chip launches growth investment round

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Digital savings fintech Chip is planning a growth investment round from the crowd and institutions in the coming weeks. The UK-based fintech says the new round of funding...
BNY Mellon Invests in Quantexa Technology

BNY Mellon Invests in Quantexa Technology

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BNY Mellon has completed a strategic investment in Quantexa Technology, to close its series D led by private equity firm Warburg Pincus. As part of the investment, Joseph Sieczkowski, chief information officer of engineering...
Starling to make BaaS available in Europe

Starling to make BaaS available in Europe

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Starling Bank has confirmed that it is looking to expand into Europe next year.  During H1 2022 and subject to regulatory approval, the digital bank hopes to make its...
Open banking fintech Vyne raises $15.5 million in seed funding

Open banking fintech Vyne raises $15.5 million in seed funding

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Open banking fintech Vyne has secured $15.5 million in seed funding from leading fintech investors as it takes on traditional card and alternative payment methods. Investors in the seed round include Hearst...
Canadian fintech Neo Financial raises $50 million

Canadian fintech Neo Financial raises $50 million

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Neo Financial, a fintech based in Canada specialising in spending, savings and rewards, has closed a $50 million (CAD $64 million) series B funding round. This latest round takes Neo’s total funding raised to almost $90...
Mastercard swoops for CipherTrace and Aiia

Mastercard swoops for CipherTrace and Aiia

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Mastercard has announced two acquisitions this month, swooping for cryptocurrency intelligence company CipherTrace and Aiia, the European open banking technology provider.  US-based CipherTrace helps customers, including banks, exchanges,...
Nerve, a neobank for musicians, to launch in September

Nerve, a neobank for musicians, to launch in September

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Nerve, the first neobank created specifically for musicians, is launching next month to provide dedicated financial products and services to this specialist subset of entrepreneurs and self-employed professionals.   The neobank, based in Texas, USA, plans to...
Upgrade closes $105m series E round

Upgrade closes $105m series E round

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US digital bank Upgrade has closed a $105 million series E funding round. The round, led by Koch Disruptive Technologies (KDT) with participation from new...
Circle plans to become US commercial bank

Circle plans to become US commercial bank

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Circle, the US fintech firm combining with Concord Acquisition Corp with a view to going public, is taking steps to become a federally chartered...
Reserve Trust finalises $30.5m series A and executive appointments

Reserve Trust finalises $30.5m series A and executive appointments

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Reserve Trust has raised $30.5 million in a series A funding round. QED Investors led the series A round, with participation from FinTech Collective and...
Klarna acquires APPRL to take advantage of social commerce

Klarna acquires APPRL to take advantage of social commerce

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Klarna has expanded its retailer marketing services with the acquisition of Stockholm-based marketing software provider APPRL. The bank is actively building its suite of tools...
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...