Tagged: financial technology

UK Fintech Rimilia Raises $15 Million Through Latest Investment Round

Rimilia, a UK-based SaaS fintech, announced earlier this week it raised $15 million through its latest investment round, which saw participation from Eight Roads Ventures and Kennet Partners, and Silicon Valley Bank. The company, which was founded in 2008, revealed it provides intelligent, finance automation… Read More

Australian Neobank Xinja Bank Hits $100 Million in Deposits & 15,000 Customers in Less Than Three Weeks

Xinja Bank, an Australia-based neobank, has reportedly hit $100 million in deposits and has attracted 15,000 customers to its platform in just three weeks. According to Xinja, customers are taking advantage of its new ‘Stash’ digital bank account and 2.25% savings rate. According to iTWire,… Read More

Avant Announces Completion of Planned Spin-Off SaaS Business “Amount”

Digital consumer lending platform Avant announced on Wednesday the completion of its planned spin-off of Amount, which is described as a SaaS technology business that enables financial institutions to digitize their product offering. Avant reported that the spin-off “empowers” both companies to effectively maximize capital and… Read More

Broadridge Appoints Chris Perry As New President

U.S.-based fintech Broadridge Financial Solutions announced on Wednesday it has appointed its Senior Vice President, Global Sales, Marketing and Client, Chris Perry, as its new President. According to Broadridge, Perry is assuming the title of President from Broadridge’s CEO Tim Gokey, who remains CEO and… Read More

Grab Announces Acquisition of Wealth Tech Startup Bento

Singapore-based ride-hailing company Grab announced on Tuesday it is set to acquire Bento Invest Pte Ltd, a Singapore-based robot-advisory startup. Grab reported that with the acquisition, Bento will be rebranded to GrabInvest, which will be a new core business vertical under Grab’s financial services arm,… Read More

U.S.-Based Payments Infrastructure Platform Finix Secures $35 Million Through Series B Funding Round Led By Sequoia Capital

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Finix, a payments infrastructure platform based in the U.S., announced on Tuesday it secured $35 million through its Series B funding round, which was led by Sequoia Capital with participation from Acrew Capital, Bain Capital Ventures, Activant Capital, and Inspired Capital. The funding round comes… Read More

Trulioo Appoints American Express’ Lisa Stanton to Board of Directors

Trulioo, an on-demand global identity verification company, announced on Monday it has appointed Lisa Stanton to its board of directors. Trulioo reported that  Stanton is currently an executive at American Express and will help guide the identity verification provider along its mission to “verify the… Read More

Varengold Bank Opens Fintech Hub in Berlin

Germany-based banking group Varengold Bank announced on Monday it has opened its new fintech hub in Berlin. According to Board of Managing Directors member, Frank Otten, the new hub will “add value” for the Varengold Bank’s current customers in Berlin because the bank will provide… Read More

Nordea Appoints Virgin Money’s Ian Smith As New CFO & Head of Group Finance

Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money’s CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior… Read More

Monzo Tightens Security By Updating 3D Secure Feature

UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard that aims to reduce e-commerce fraud by adding two-factor authentication to online transactions. The upgraded version of 3D Secure will… Read More

Citi Unveils Digital Investment Platform “Citi Wealth Builder”

Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfolios that, in a matter of minutes, helps new and existing customers get on track and stay on track to meet… Read More

The Barclays Accelerator Welcomes 2020 London Class of Fintech Startups

UK consumer banking group Barclays announced earlier this week the ten Fintech-focused startups that will join the 2020 London Barclays Accelerator, powered by Techstars. This is reportedly Barclays’ seventh accelerator class since the program’s establishment in 2014 and the participating companies notably span across a… Read More

Flux Names Barclays Fist Strategic Investment Partner

UK-based fintech Flux announced on Wednesday it has named UK consumer banking group Barclays its first strategic investment partner. Flux reported that Barclays has been a long-time supporter of its platform and has been involved with the company since 2017 when its executives joined the… Read More

University of Toronto Joins Forces With Trilogy Education to Launch FinTech Boot Camp in Toronto

University of Toronto School of Continuing Studies (SCS) announced on Tuesday it has joined forces with Trilogy Education, a 2U, Inc. brand and leading workforce accelerator, to launch a fintech boot camp in the city. According to the school, the University of Toronto SCS FinTech Boot… Read More

Curve to Bring Apple Pay to European Customers

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Tuesday it is bringing Apple Pay to its customers across Europe. The company reported that with Apple Pay, customers may make purchases on iPhone, Apple… Read More

UK Fintech Finastra Announces New Office in Israel

UK-based fintech Finastra announced on Monday it has expanded its services by opening a new office in Kfar Saba, just outside Tel Aviv. The company reported that the location will have more than 330 employees and offer more space for the team to grow as the company… Read More

Latin American Fintech AlphaCredit Signs Equity Round For Up to $125 Million Led By SoftBank’s Latin America Fund

AlphaCredit, a Latin American fintech that specializes in consumer lending and financial solutions for SMEs, announced on Sunday it has signed an equity round for up to $125 million. The round is led by SoftBank’s Latin America Fund and will notably allow AlphaCredit to continue… Read More

Dubai International Financial Centre Fintech Hive Launches Investment Accelerator Program in Middle East, Africa, South Asia

Dubai International Financial Centre (DIFC) Fintech Hive has announced the introduction of their investment-focused accelerator program for startups and other small companies in the Middle East, Africa and South Asia (MEASA) regions. The Fintech Hive Scale Up program will provide partnership and investment opportunities for… Read More

Morgan Stanley Unveils New Brokerage Account “CashPlus”

Morgan Stanley announced on Thursday the launch of CashPlus, which is described as a new brokerage account that offers clients a “modern alternative” to banking. According to Morgan Stanley, the CashPlus Account replaces the Premier Cash Management program. The account offers two account types, the… Read More

Mastercard Announces New Global Intelligence & Cyber Center in Vancouver

Mastercard announced on Thursday its new Intelligence and Cyber Center. The center, which is located in Vancouver, Canada. is expected to expand the multinational financial services giant’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cybersecurity,… Read More

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