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Financial market data distribution and management solutions provider Xignite has launched a new set of market data management services to change the way businesses manage their data in the cloud. Xignite Enterprise Microservices is a suite of solutions that make it easier and more efficient for companies to store, distribute, manage, and control market data. Read more…
Flinks, a startup based in Montreal, Quebec, Canada, that specializes in data aggregation for financial services, has secured $11 million in Series A funding. The investment was led by NAventures, the VC arm of National Bank of Canada, which also provided $5.2 million in debt financing. Also participating in the round were Intact Ventures, Luge Read more…
Today is Canada Day, which commemorates the date in 1867 when three provinces – Nova Scotia, New Brunswick, and the Canada Province (now known as Ontario and Quebec) – united to form a single nation. And while the global public health crisis may limit the holiday’s typical parades, cook-outs, fireworks demonstrations, and concerts, rest assured Read more…
Predictive analytics innovator Stratyfy is one of ten companies selected to participate in the incoming cohort of FIS’ 2020 Fintech Accelerator program. “The ten companies selected for the fifth year of FIS’ Accelerator program bring a wealth of promising ideas and technologies,” FIS Chief Growth Officer Asif Ramji said. “We look forward to working with Read more…
This is a guest post written by Shannon Flynn, managing editor at ReHack.com. Amid the market instability caused by COVID-19, a major shift seems to be taking place in the crypto industry. After years of false starts and criticism from the banking sector and traditional financial institutions, new partnerships and legislation seem to suggest the Read more…
Banking customers at ING Belgium will soon have help managing their recurring expenses. That’s because Minna Technologies has partnered with the bank to launch a new subscription management service. Under the agreement, ING Belgium’s 1.8 million digital banking customers will be able to manage their subscriptions without leaving the digital banking channel. Minna’s solution helps Read more…
McLean, Virginia-based digital identity network ID.me has boosted its total equity capital to more than $39 million after locking in an investment of $8.3 million this week. The new funding comes from a $12.5 million equity offering from the company, which featured the participation of 32 different investors. ID.me has not provided any commentary on Read more…
U.K.-based peer-to-peer lender Zopa announced this week that it has been awarded a full U.K. banking license and will move forward with its plans to launch a digital bank. The bank will offer the Zopa Fixed Term Savings Account, which features FSCS protection up to £85,000. Zopa plans to introduce a credit card later this Read more…
If digital transformation is sweeping financial services – and this trend has been accelerated by the global public health crisis, as we are often told – then what’s up with the huge and enduring demand for cash? “I certainly would have expected, if you’d asked me prior to COVID: would COVID put a big dent Read more…
For a year that began with Visa’s headline-making acquisition of Plaid, it seems almost poetic that near 2020’s midway mark, Mastercard would make a major fintech bid of its own. The company has agreed to acquire Finicity, a real-time financial data and analytics provider and long-time Finovate alum, in a deal valued at nearly $1 Read more…
Cloud banking specialist nCino is the latest fintech to announce its intention to go public. In a brief statement shared on Monday, the Wilmington, North Carolina-based company reported that it had publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for their proposed initial public offering. nCino made its Read more…
In the middle of the first month of the year, one of the biggest names in the payments business acquired one of the most innovative fintech infrastructure companies in the industry, in a deal valued at more than $5 billion. Six months later, Visa’s acquisition of Plaid almost seems like news from another time. The Read more…