LendTech
Zen launches in 30+ jurisdictions
Poland-headquartered fintech company Zen is now live in more than 30 countries across Europe.
Zen is offering a multi-currency current account combined with Mastercard-backed payment...
Danske Bank looks to Windward for help with maritime financial crime compliance
Danske Bank is partnering with UK-based data analytics company Windward to digitise and automate aspects of its crime compliance controls in maritime financial trade.
The...
Dreams partners with Ukrsibbank for digital personal finance tools
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...
Blockchain fintech Figure seeks US bank charter
US-based blockchain technology company Figure is seeking a national bank charter from the Office of the Comptroller of the Currency (OCC) to reduce its...
Starling Bank eyes monthly profitability after breaking even
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...
UK fintech sector innovation on show at virtual awards ceremony
A host of companies and professionals were recognised as the most innovative in the UK fintech sector at the virtual UK FinTech Awards last...
Get registered and ready for the UK FinTech Awards 2020
The UK FinTech Awards will reflect the innovation integral to the prosperity of the sector tomorrow when the 2020 ceremony is broadcast online.
The broadcast...
New Refinitiv research reveals machine learning is maturing in finance
As firms strive for competitive prowess, artificial intelligence (AI) and machine learning are increasingly scaled across multiple business areas in financial services, a recent...
Santander partners with Personetics to launch money management feature
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...
Nordic Capital acquires BearingPoint RegTech
Private equity firm Nordic Capital plans to support RegTech’s next phase of innovation and sustainable growth after acquiring the regulatory reporting business from BearingPoint.
The...
A finalist for every kind of fintech
Discover who was shortlisted as a finalist ahead of the UK FinTech Awards 2020 on 17 November.
Seventy-seven fintech companies were chosen as finalists, across...
Alliance Data to acquire buy now, pay later fintech for $450 million
US loyalty and payment solutions provider Alliance Data is acquiring personalised payment fintech Bread for $450 million.
The acquisition, subject to regulatory approval and customary...
Pleo launches feature for tracking out-of-pocket expenses
Danish fintech company Pleo, a smart payment card issuer focused on business, has rolled out a new feature to track out-of-pocket expenses.
Pocket sits within...
Rapyd launches in South Korea
Rapyd has launched its payment capabilities in South Korea, with the fintech-as-a-service company now serving six major markets around the world.
Through partnerships with South...
PrimaryBid attracts $50 million in series B funding
PrimaryBid, the UK-based fintech platform that connects retail investors with public companies raising capital, has closed a $50 million series B funding round.
PrimaryBid attracted...
RaiseNow secures $6 million investment
Charity fundraising technology provider RaiseNow has secured a $6 million series A+ investment from SIX Fintech Ventures and existing investor PostFinance, as well as...
Unqork partners with Life.io after bumper valuation
Enterprise no-code software platform provider Unqork has struck a strategic partnership with Life.io to develop insurance solutions, just weeks after raising $207 million in...
Clim8 Invest appoints three experts to investment committee
Hot on the heels of its latest Crowdcube funding campaign, Clim8 Invest has appointed three prominent figures to its investment committee, including James Millard...
CUNA Mutual Group acquires digital lending platform provider CuneXus
CUNA Mutual Group has acquired digital lending platform provider CuneXus.
The acquisition of California-based CuneXus, whose one-click pre-approved lending platform serves banks and credit unions,...
UK FinTech Awards 2020: Register to watch
The UK FinTech Awards 2020 will be broadcast via ukfintechawards.co.uk on 17 November at 7pm.
Here's why you should register for access to the exclusive...
Greenwood raises $3 million to launch digital bank for Black and Latinx communities
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...
Cover Genius secures A$15 million in new funding
Insurtech company Cover Genius has raised A$15 million as it expands its product suite and partner network globally.
The funding announcement comes as the company...
Revolut selects Fireblock for launch of new crypto services
UK-headquartered fintech company Revolut is using the infrastructure of Fireblocks to support the introduction of new crypto services for its 13 million retail customers.
Revolut...
Crypto-derivatives subject to retail ban in UK
The UK Financial Conduct Authority has banned the sale of crypto-derivatives to retail customers.
The financial services regulator in the UK considers these products to...
UK FinTech Awards 2020 ceremony set for online broadcast
The UK FinTech Awards 2020 ceremony is moving online and will be broadcast on 17 November, exclusively via ukfintechawards.co.uk at 7pm.
The Covid-19 pandemic is...
NEC to buy Avaloq for $2.2 billion
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...
Clim8 Invest launches Crowdcube funding campaign
Clim8 Invest, the digital consumer platform focused on climate-crisis tackling investments, has launched a Crowdcube funding campaign and already smashed its £400,000 target.
The new...
B-North raises £1 million ahead of becoming regulated SME lender
UK-based fintech company B-North has raised a further £1 million in funding as it moves closer to obtaining regulatory approval to become a lending...
Acin raises $12 million as investors back its solution for ‘under-served’ operational risk
UK-based regtech company Acin has raised $12 million in series A funding to spearhead efforts to create a complete front-to-back-office solution to assess and...
Finicity launches credit-decisioning product
US-based open banking solutions provider Finicity has launched a new credit-decisioning product.
Finicity Lend provides banks, lenders and fintech developers with access to tools that...
SpotOn raises $60 million in series C funding
Software and payments company SpotOn Transact has raised $60 million in series C funding.
Internet investment firm DST Global led the funding round, with participation...
Raiffeisen Bank and Moxtra develop virtual branch service
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...
Santander spins out fintech venture capital arm
Santander has spun out Innoventures and allocated another $200 million to its newly rebranded fintech venture capital arm.
Santander Innoventures will be known as Mouro...
Backbase rolls out platform at TPBank
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...
InvestSuite partners with Synechron
Belgium-based fintech company InvestSuite has partnered with Synechron to develop modern digital investment solutions.
Synechron, a global digital IT consultancy firm for financial services, will...
Checkbook joins Visa’s fintech fast track programme
US-based Checkbook.io, an end-to-end online payments processor, has joined Visa’s fintech fast track programme.
Checkbook, founded by former Visa chief network architect PJ Gupta, provides...
Urban Jungle raises additional £1.6 million
Renters' insurance provider Urban Jungle has gained a further £1.6 million of investment in its second major funding round of the year.
The UK-based insurtech...
Modulr becomes first UK non-bank to offer confirmation of payee
UK paytech company Modulr has become the first non-bank to offer confirmation of payee, a fraud prevention initiative designed to ensure payments reach the...
Finix raises additional $30 million for payments infrastructure-as-a-service
US paytech startup Finix has extended its series B funding round and raised an additional $30 million from Lightspeed Venture Partners and American Express...
Xero pays $58 million for Waddle invoice lending platform
New Zealand-headquartered accounting software company Xero has acquired cloud-based Waddle for approximately $58 million.
Founded in Australia in 2014, Waddle’s lending platform service allows banks,...
Cryptocurrency exchange FTX acquires Blockfolio
Cryptocurrency exchange FTX has acquired consumer portfolio tracking app Blockfolio for $150 million.
The cash, cryptocurrency and stock deal will see a cryptocurrency exchange focused...
Moov Financial raises 5.5 million in seed funding
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...
Mastercard and TransferWise go global with expanded partnership
Mastercard and TransferWise have expanded their partnership to enable the issuance of cards in almost any market around the world.
Under the expanded partnership, cards...
Commonwealth and JPMorgan Chase to investigate fintech impact on financially vulnerable
Commonwealth, an organisation dedicated to strengthening the opportunity and security of financially vulnerable people, has partnered with JPMorgan Chase to address the challenges and...
OutSystems strengthens senior leadership team
OutSystems, whose low-code application development platform is in use across insurance, banking, local government, higher education and healthcare, has named Patrick Jean as chief...
PayActiv secures $100 million in series C funding
PayActiv, the US-based provider of an employer-sponsored earned wage access and holistic financial wellness platform, has secured $100 million in funding.
Private equity firm Eldridge...
OakNorth Bank receives new CBILS allocation
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...
Stripe taps General Motors for CFO
Stripe has appointed a chief financial officer as the US-headquartered paytech embarks on its next stage of growth.
Dhivya Suryadevara is joining Stripe as chief...
Revolut and Starling Bank eye profitability despite losses
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...
ICE strengthens mortgage services with Ellie Mae acquisition
Intercontinental Exchange (ICE) has agreed to acquire Ellie Mae, a cloud-based platform provider for mortgage finance.
The cash and stock acquisition values Ellie Mae, a...