Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Asked what she was most proud of after a year as CEO of IDology, a GBG company and a leader in identity verification and fraud prevention, Christina Luttrell gave a big tip of the hat to her team. “Without a doubt, I am most proud of what our team has delivered to IDology customers and Read more…
With plans to launch initially in Mexico before expanding to Colombia and Central America, fintech startup Jefa is out to do what even the most innovative challenger banks have so far failed to do: bring better financial opportunities to women in Latin America. Company CEO and founder Emma Sanchez Andrade Smith highlights the fact that Read more…
It’s hard to read about David Marcus’ departure from Meta’s cryptocurrency project Diem (formerly Libra) and digital wallet Novi, and not wonder what’s next for the stablecoin. Marcus announced over Twitter yesterday that he is leaving the company. In a tweet, he said, “Personal news: after a fulfilling seven years at Meta, I’ve made the Read more…
Cryptocurrency exchange platform Coinbase acquired Israel-based security company Unbound Security today. Terms of the deal, which Coinbase calls the next phase of its security journey, were not disclosed. Coinbase expects the deal to close in the coming months. Unbound specializes in cryptographic security technologies, including secure multi-party computation (MPC), an emerging subfield of cryptography that Read more…
Payment card startup Slice received a $220 million Series B investment today, bringing its total funding to $291 million and boosting its valuation to over $1 billion, unicorn status. This is an impressive jump in valuation. According to TechCrunch, the India-based company was valued at under $200 million less than six months ago when it Read more…
Sustainability-as-a-Service company ecolytiq has announced a partnership with Visa-owned, European open banking platform Tink that will bring personalized impact footprint calculations and other pro-sustainability solutions to banks, financial institutions, and fintechs. The technology, which helps encourage customers to shift their behavior toward more sustainable choices in terms of spending, will be available initially in the Read more…
Leading European open banking technology company Aiia is now officially a part of Mastercard. In a move that will bolster Mastercard’s current distribution channels, technology, data practices, and open banking strategy, the global payments and technology company announced today that its acquisition of the Copenhagen, Denmark-based company has been completed. “Open banking empowers consumers and Read more…
Ozow, a payment gateway based in South Africa, has secured $48 million in Series B investment in a round led by Chinese fintech Tencent. The funding boosts the company’s total capital raised to more than $51 million. The company said the funding will be used to promote fintech regulation – particularly open banking – to Read more…
In an extension of its $200 million Series E financing round, digital payments company Airwallex has secured an additional $100 million in funding. The extension came from Lone Pine Capital and featured the participation of existing investors such as 1835i Ventures and Sequoia Capital China. Now standing at $300 million, Airwallex’s latest funding gives the Read more…
Analytics and decision management technology company FICO launched a loan origination tool called FICO Originations Solution that automates the entire customer journey leveraging the FICO platform. The cloud-based tool leverages FICO’s enterprise intelligence network to streamline and personalize loan originations. The new tool helps financial services providers do two key things. First, it helps remove Read more…
Alternative credit provider and digital bank Upgrade announced a $280 million investment this week. The Series F round brings the company’s total funding to $600 million and boosts its valuation to $6 billion, which is almost double its last valuation of $3.3 billion in August. The round was led by Coatue Management and DST Global Read more…
A pair of long-time Finovate alums have teamed up to give banks and other financial institutions access to faster, more affordable international money transfers. Bank software innovator ebankIT and worldwide money transfer platform Wise (formerly Transferwise) announced today that Wise’s international money transfer service will be the first solution of its kind to be made Read more…