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Goldman Sachs Asset Management is buying retirement planning and digital advice company NextCapital. Goldman Sachs will integrate NextCapital’s platform into its Multi-Asset Solutions business, a group that offers custom, multi-asset portfolios. Terms of the deal, which is expected to close in the latter half of this year, were not disclosed. Goldman Sachs Asset Management has Read more…
FintechOS has launched a pair of accelerators – for mobile lending and mobile onboarding – to enable institutions to support small businesses. The new offerings are built for speed, enabling companies to lower account opening times to less than 15 minutes. Headquartered in London and founded in 2017, FintechOS made its Finovate debut last September Read more…
Avast will acquire SecureKey Technologies in a deal expected to close next month. Czech Republic-based Avast will leverage SecureKey’s North American presence to expand internationally. Financial terms of the deal were not disclosed. SecureKey Technologies will soon begin its next chapter. The Canada-based digital identity and authentication company recently agreed to be acquired by NortonLifeLock’s Avast, a digital security Read more…
The blockchain industry saw some big changes last year, brought on by a maturing crypto landscape and the development of innovative new technologies.
This is a sponsored blog post by Nick Kerigan, Head of Innovation, Swift. Working with Clearstream, Northern Trust, SETL and others, SWIFT plans experiments in 2022 to explore how it can support interoperability in the development of the tokenized asset market. Relative to cryptocurrencies and stablecoins, the current market capitalization of tokenized assets is small, Read more…
ClearBank raised $230 million (£175 million). The investment was led by private equity advisory firm Apax Digital and brings ClearBank’s total funding to $627 million. ClearBank will use the funds to expand internationally, first in Europe, then into North America and Asia Pacific. Clearing and embedded banking technology company ClearBank raised $230 million (£175 million) this Read more…
As more and more fintechs add their support to the people of Ukraine and create new pathways for individuals and organizations to contribute financially, the Ukrainian government has had to adapt in order to make some of these contributions not just possible, but legal. This week, Ukrainian president Volodymyr Zelenskyy, signed month-old legislation to provide Read more…
Global payments platform Nium unveiled a new payments solution. The new solution helps international banks increase the speed and reduce the cost of settling transactions to select U.S. brokerages. Leveraging the tool, financial institutions can save up to 90% in settlement fees. Global payments platform Nium unveiled a new payments solution that will help international Read more…
Financial crime compliance firm Silent Eight raised $40 million in Series B funding. The investment gives the Singapore-based company $55 million in total capital. Led by TYH Ventures, the Series B round featured participation from HSBC Ventures, Silent Eight’s latest customer. Silent Eight, an AI-based financial crime compliance company, has secured $40 million in Series Read more…
The digital economy is rapidly growing. With the pandemic accelerating the urgency for agility, adaptability and transformation, traditional business models are being disrupted. It’s estimated that over the next 10 years, 70% of new value created in the economy will be based on digitally-enabled platform business models. Meanwhile, research regarding global GDP is forecasting that Read more…
Identity verification specialist Onfido has teamed up with U.K.-based retail bank Tesco Bank to enhance security of Tesco’s Clubcard Pay+ new account opening process. Tesco made its Clubcard Pay+ offering available to all of its 20 million Clubcard members, following a phased launch that began in March of last year. Onfido made its Finovate debut Read more…
The following is a guest post from Annette Evans, VP of People and Culture, Global Processing Services This month we at GPS are joining the #BreakTheBias campaign for International Women’s Day 2022 and adding our voice to encourage the fintech community to actively speak up about gender bias in the workplace and outside of it. Read more…