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Online pension provider PensionBee is making it easier for the non-traditional workforce to save for their later years. That’s because the U.K.-based company is launching a new product designed for self-employed users. The product will enable new users to set up a new pension in minutes. The new offering also provides a flexible contributions plan Read more…
Brokerage infrastructure API provider DriveWealth announced this week it acquired Cuttone & Company, a New York-based institutional broker dealer. Terms of the deal were not disclosed. DriveWealth has purchased Cuttone & Company specifically for its market and regulatory expertise and network of institutional trading partners. The New Jersey-based company will leverage this expertise to offer Read more…
Global card issuing platform Marqeta unveiled today that it has been tapped by Goldman Sachs to power checking accounts for its Marcus brand. The new digital checking accounts will launch for Goldman’s Marcus clients later this year, though there is no word on the exact timing. Goldman selected Marqeta for its open APIs and webhooks Read more…
Shortly after expanding its offerings to include consumer banking tools, fintech innovator Blend announced it has landed $300 million in new funding. The series G financing round was led by Coatue and Tiger Global, and brings Blend’s total funding to $665 million. With the investment, Blend is also seeing its valuation nearly double to $3.3 Read more…
You’ve finally perfected your digital transformation strategy that was accelerated because of 2020’s global pandemic. What should you focus on now? Here’s an idea: stablecoin transactions. The U.S. Office of the Comptroller of the Currency (OCC) last week published Interpretive Letter 1174 detailing that banks may use stablecoins and independent node verification networks (INVNs) to Read more…
Data and analytics company Equifax announced its acquisition of digital identity player Kount this week. The deal, which is pending regulatory approval, is set to close for $640 million in the first quarter of this year. Kount was founded in 2007 and offers a range of products and solutions, including chargeback protection, account takeover and Read more…
CRED, a credit card repayment company based in Bangalore, India, has scored $81 million in funding courtesy of a Series C round announced earlier this week. Led by existing investor DST Global, the investment featured the participation of Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst, and gives the company a valuation of $806 Read more…
SaaS banking platform Mambu is even more prepared to support the banking-as-a service trend that’s sweeping the fintech industry. That’s because the Germany-based company received $135 million (€110 million) in new funding this week. The investment was led by TCV, followed by new contributors Tiger Global and Arena Holdings and existing investors Bessemer Venture Partners, Read more…
Two of Finovate’s most innovative alums – open finance/Money Experience specialist MX and financial data infrastructure company Hydrogen – have teamed up in an integration partnership that will make it easier for fintech developers to create sophisticated apps in minutes. With access to account aggregation and enhanced data courtesy of MX’s financial data APIs, Hydrogen’s Read more…
From fears of a cyberspace-based New Cold War between Russia, China, and the U.S., to emerging fraud threats to financial services companies, small businesses, consumers, and work-from-anywhere employees, the issue of cybersecurity is likely to loom large over all technology discussions in 2021. To this end, we caught up with Uri Rivner, Chief Cyber Officer Read more…
There’s no better time than the present to plan for the future. That’s the approach taken by European fintech Bitpanda, which announced earlier this week that it was investing €10 million ($12 million) to launch a technology and innovation hub in Poland. The initiative will be headquartered in Krakow and will employ 300 engineering professionals Read more…
Puerto Rico is poised to become the global model for how to roll out cutting-edge tools that enable blockchain, AI, and the Internet of Things (IoT)…all designed to transform nearly every sector, notably financial services.