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The coronavirus pandemic has accelerated many technology trends that were already in place. The growing reliance on digital communication is one of many examples of technologies whose value we may have taken for granted and are once again re-appreciating. This is especially true for businesses that have not kept up with innovations in digital communications Read more…
The new strategic partnership between CuneXus and TransUnion, announced this week, will empower financial institutions to offer highly relevant financing offers to their customers. The collaboration matches CuneXus’ Perpetual Loan Approval platform with TransUnion’s vast data assets to deliver relevant brand experiences to consumers quickly, securely, and via the digital channels they increasingly prefer. “We Read more…
In a round led by Bain Capital Tech Opportunities, behavioral biometric innovator BioCatch has secured a major $145 million investment. The Series C round featured participation from new and existing investors including Industry Ventures and American Express Ventures, and boosts the company’s total capital to more than $186 million. BioCatch chairman and CEO Howard Edelstein Read more…
Payment acceptance and business management platform Stripe announced an extension of its $250 million Series G funding round today. The additional $600 million in funds come from existing investors including Andreessen Horowitz, General Catalyst, GV, and Sequoia. The investment is Stripe’s largest so far and brings the California-based company’s total funding to $1.6 billion. The Read more…
Digital identity verification platform Onfido reeled in $100 million in a round led by TPG Growth this week. Salesforce Ventures, Microsoft’s M12 Capital, and others also participated. The London-based company’s total investment now sits at just over $182 million. The company, which counts TechStars, YCombinator, and 500 Startups among its previous investors, will use the Read more…
COVID-19 has rewritten so many rules about the economy. It is now more difficult than ever to underwrite risk and ultimately understand if a consumer will pay back their loan. The Wall Street Journal reported late last month that many lenders have implemented stricter lending requirements because of this challenge. In some ways, this is Read more…
A new strategic partnership between Currencycloud and cloud-based FX trading platform Derivative Path will make it easier for community and regional banks to offer a variety of FX and interest rate derivative trading options to their customers. Derivative Path will embed Currencycloud’s FX technology into its DerivativeEDGE platform, an end-to-end solution for interest rate derivative, Read more…
Technology companies from every corner of the globe have been lending their talent, resources, and solutions to help deal with the health and economic implications of the COVID-19 crisis. While those firms in health technology have obviously played the lead role, innovators in virtually every field of technology are bringing their unique expertise to the Read more…
What a week it’s been for the challenger bank business in the Land Down Under! Australian small business challenger bank Judo just announced a major fundraising, securing an investment of $307 million (AUD 500 million) from a pair of Australian government agencies. The Australian Office of Financial Management (AOFM) and the Australian Structured Finance Support Read more…
In a COVID-19 world, the rich may not necessarily be getting richer, but it has become clear that the virus is taking a toll on lower income populations. And with this, the global pandemic is shining a light on income disparity. Do you remember the last movement to highlight income inequality?Occupy Wall Street. The movement Read more…
Blockchain-based payments company Sila announced today it has pulled in $7.7 million in Seed funding. The round was led by Madrona Venture Group and Oregon Venture Fund with contributions from Mucker Capital, 99 Tartans, Taavet Hinrikus, and Jerry Neumann. Sila was co-founded in 2018 by Shamir Karkal, one of the entrepreneurs who co-founded Simple in Read more…
What happens when third party fintechs try to access banking data on behalf of their consumers, but each way has a different way of doing so? That’s exactly what’s happening in the U.S. right now, and it’s a major factor in preventing the country from adopting an open banking culture. In an era when consumers Read more…