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Bond, a company that specializes in helping banks make the most out of their collaborations with technology partners has raised $32 million in Series A funding. The round was led by Coatue, and featured participation from both Goldman Sachs and Mastercard. Canaan, B Capital, XYZ Ventures, and angel investors including former Morgan Stanley CEO John Read more…
New information has come out this week about Ant Group’s IPO plans. Instead of listing on the tech-heavy (and U.S.-based) NASDAQ, Ant Group will list concurrently on Hong Kong’s Hang Seng and Shanghai’s Star Market. This comes after Ant’s parent company, Alibaba listed on the New York Stock exchange in 2014. Analysts suspect that Ant’s Read more…
What are the challenges of launching a challenger bank in today’s environment? What do these neobanks offer that traditional banks do not? And what will the path forward look like for these newcomers in terms of disruption versus collaboration with both incumbent financial services companies, as well as fintechs? We caught up with Renaud Laplanche, Read more…
A number of Finovate alums made international fintech headlines this week. Open banking specialists were particularly active, with Canada’s Salt Edge inking partnerships with fintechs in Ireland, and Sweden’s Tink announcing an acquisition of credit decision solution provider, Instantor. “We will be able to get a full suite of bank data for any regulated lender Read more…
Whether you believe our climbing stock markets around the world are a result of massive, coronavirus-fighting monetary and fiscal stimulus, or merely Millennials easing into their family formation years, there’s no doubting the demand for solutions that help investors maximize the opportunities of advancing markets. This makes the news that Barclays has launched a new Read more…
nCino’s Record-Setting IPO – We previewed the initial public offering from cloud banking innovator and Finovate alum nCino a few weeks ago. Yesterday, the Wilmington, North Carolina-based company made its debut on the Nasdaq, climbing more than 150% on its first day of trading. The one-day gain for nCino, which trades under the ticker “NCNO,” Read more…
What do mid-tier and boutique banks need in order to enhance their ability to onboard new customers quickly and efficiently? What solutions are available to enable them to remain compliant with an ever-changing set of regulations while at the same time keeping up with even faster changes in customer expectations? And how has the global Read more…
Last week we held Finovate’s first-ever fully digital event. And while the networking hall looked a little different this year, the quality of the discussions remained the same. The event took place over the course of five days and focused on key trends within the fintech industry, including AI, lending, blockchain, and regtech. One overarching Read more…
Michigan-based Bankjoy announced a pair of new credit union partners late last week. The company, which enables credit unions and community banks to offer their members and customers a variety of mobile banking and online banking solutions, will work with both CACL Federal Credit Union of Pottsville, Pennsylvania, and SIU Credit Union of Carbondale, Illinois, Read more…
Sometimes the story in a funding announcement isn’t necessarily the funding itself, but rather the investors. That’s the case with today’s news of supply chain finance provider Taulia’s $60 million funding round. The strategic round, which brings Taulia’s total funding to $177 million, was led by China-based Ping An Global Voyager Fund. J.P. Morgan and Read more…
Advanced biometric technologies like facial recognition have their critics. The city of Boston, Massachusetts, just a few weeks ago, became the second community in the world to ban the use of facial recognition technology over concerns of bias against ethnic minorities. And the use of facial recognition in places like China has heightened concerns over Read more…
Two of the biggest stories of 2020 so far – the global public health crisis of COVID-19 and the worldwide resurgence in social justice activism – have had as much impact on the fintech industry as they have the rest of the world. The mobilization of banks and fintechs to facilitate financing for small businesses, Read more…