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Our Women in Fintech Series returns with an interview featuring Izabella Gabowicz, Chief Operating Officer of Sensibill. An innovator in the field of SKU-level data insights,Toronto, Ontario, Canada-based Sensibill made its Finovate debut in 2017 at FinovateFall. At the event, the company won Best of Show for its Insights solution that helps institutions identify and Read more…
Six years after its launch, Danish fintech Pleo has become Europe’s latest fintech unicorn. The smart company card provider announced early this week that it had raised $150 million in Series C funding – the largest Series C round for a Danish company to date – earning a valuation of $1.7 billion in the process. Read more…
From Big Tech to Big Retail, banks and other traditional financial services providers are facing a unique and potentially existential challenge These companies are leveraging their technology-first platforms, powerful brands, and history of innovation to draw customers away from relying on banks for a growing amount of their financial and banking needs. We caught up Read more…
In its biggest investment round to date, U.K.-based Open Finance platform Moneyhub has secured $18 million in funding to support its expansion into new markets. The round was led by Sir Peter Wood, founder of Direct Line and Esure, via his new investment vehicle, SPWOne. “It is incredibly rewarding to be able to deliver results Read more…
Barcelona, Spain-based Strands and Singapore’s credolab announced a partnership this week that will give banks a new solution to help their customers make better decisions with their finances. The collaboration will embed credolab’s credit scoring technology into Strands personal finance management platform, giving banks the real-time ability to obtain relevant customer insights with embedded risk Read more…
Eighteen months after the U.S. Justice Department blocked Visa’s attempt to acquire Plaid, the company is back at the counter with a similarly ambitious acquisition: the purchase of European open banking platform Tink for $2.1. billion (€ 1.8 billion). “Visa is committed to doing all we can to foster innovation and empower consumers in support Read more…
The following is a guest post from Mohammed Kafil, Senior Product Manager, Kissflow. The banking and financial services industry is severely affected by the global financial crises. They are in a state of flux due to regulatory confinements and the market’s increasing demands. For the past few years, the banking and financial services sector has Read more…
While cryptocurrencies and IPOs often grab the biggest headlines in fintech, much of the critical work of forging partnerships and innovating collaboratively between fintechs and financial institutions often goes, if not unnoticed, then at least a little underrecognized and underappreciated. With this in mind, we’re starting off each week with a reminder that, when it Read more…
The fact that venture capital has been pouring into Latin America of late has been hard to ignore. This week’s news that Kredi, a Mexican company that hopes to become the “Rocket Mortgage” of Latin America, had raised $3.1 million in funding was a reminder that fintech funding in the region is as diverse as Read more…
This is a guest post from Adam Goulston, copywriter, editor, marketer, and researcher with Scize Group. Asia is the global leader in fintech, according to a survey of 27,000+ digitally active consumers in 27 markets. And in Asia, China and India are big leaders – over half their active adult consumers use fintech services regularly. Read more…
Just when you thought the big banks might be getting a little too complacent about the challenge from fintech, JPMorgan announced today that it will acquire U.K.-based digital wealth management platform Nutmeg. Terms of the transaction were not disclosed, but Reuters cited a source who gave Nutmeg a valuation of more than $972 million (£700 Read more…
From the rise of digital commerce to the growth of the gig economy to the challenge of a global pandemic, digital identity technology has been one of the bigger beneficiaries of a number of trends sweeping societies around the world. Add to this a new emphasis on financial inclusion and social equity, and you have Read more…