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Fiserv made a key acquisition this week, snapping up digital card services platform Ondot Systems. Financial terms of the deal were not disclosed but the agreement is set to be finalized in the first quarter of next year. Fiserv is picking up Ondot to enhance its suite of tools that help banks offer digital-first, personalized Read more…
Some of the hottest headlines in international fintech in recent days involved industry innovators from the Land Down Under. Late in the week, financial consultancy firm Synechron announced that it had agreed to acquire Australian payments provider Attra. Headquartered in Melbourne, Attra is notable for being one of pure play payments solution providers in Australia, Read more…
Courtesy of a Series B funding round led by Sequoia Capital, API protection platform company Salt Security has doubled its total equity capital. The company, which is based in Palo Alto, California, picked up $30 million in new funding this week. Existing investors Tenaya Capital, S Capital VC, and Y Combinator also participated in the Read more…
What are the biggest fraud challenges to emerge during the COVID-19 era? According to a new report from Feedzai, card cloning tops the list of major indicators for fraud in both financial services and e-commerce. With card cloning, criminals copy stolen credit or debit card information and transfer it to a new card. Also known Read more…
Subscription management platform provider Zuora is partnering with payments infrastructure player Stripe this week. Through the partnership, Zuora has integrated Stripe into its subscription offerings to enable its 1,000 clients to enhance their payment capabilities. Zuora customers can now access Stripe’s payment tools from the Zuora platform. “Winning subscription companies want to use the best Read more…
Is open banking key to enabling banks and other financial institutions to keep up with ever-evolving customer needs and expectations? With trend drivers as unpredictable as technological innovation on one hand and a once-in-a-generation pandemic on the other, what strategies and tactics can financial institutions embrace in order to best serve their customers now and Read more…
Yesterday we shared news that EVERFI and Sallie Mae were teaming up to promote financial literacy for high school kids in California. Today we share news on another youth finance-related front. gohenry, which specializes in providing financial education for youth and their families, has secured $40 million in financing. The round was led by Edison Read more…
With COVID-19 sweeping the globe, priorities are shifting, emphasizing the need for digital transformation. Tracy Schlabach of Accusoft takes a look at the challenges facing fintech when it comes to getting started.
It’s been a grand week for Finland’s ReceiptHero. The company announced a few days ago that it was teaming up with SEB Kort to have its digital receipt functionality integrated into SEB Kort’s corporate card, Eurocard. Then, we learned that ReceiptHero had inked a deal with fellow Finovate alum ETRONIKA that will enable the launch Read more…
One of the more interesting questions during a recent FinovateWest Digital panel on challenger banks asked: how important are partnerships to these digital newcomers? This week, one answer to that question came in the form of an announcement from Australia’s self-described “smartbank” – 86 400 – that it was teaming up with one of the Read more…
Lloyds Banking Group is making instant, cross-border payments possible, thanks to a partnership with global secure financial messaging services provider SWIFT. The U.K.-based bank announced it is the first bank to go live with SWIFT’s gpi Instant Connection, a new service that helps consumers and businesses send money in seconds across the globe. gpi, which Read more…
Branded payments firm Blackhawk Network has always been busy over the holiday season. Between its gift cards, digital rewards, and prepaid cards, the California-based company has helped people embrace the spirit of giving. And while Blackhawk Network is still helping fuel the gifting and rewards economy this year, it is moving to an even more Read more…