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One of the biggest banks in Romania, Banca Transilvania, is teaming up with Israel-based CallVU to support the launch of its new digital customer experience: BT Visual Help. The solution will drive mobile self-banking, and empower customers with features like card controls to block transactions or modify transaction limits. The technology has successfully emerged from Read more…
Mary Meeker, general partner at Bond Capital, a VC firm she founded, released her Internet Trends Report this week at Recode’s Code conference. The report, which aims to deconstruct the future of the internet, has come to be a yearly highlight for techies since 1995, as it contains data and insights on nearly every aspect Read more…
In a marriage between payments innovators from Sweden and Silicon Valley, Trustly has announced that it has agreed to merge with U.S.-based PayWithMyBank. The merger comes a little over a year after Nordic Capital announced taking a majority stake in Stockholm’s online banking payments provider. “This transformative merger creates the first and only online banking Read more…
For years, startups have resisted going public; avoiding IPOs. At the same time, merger and acquisition (M&A) activity is at an all-time high. We’re taking a look at why startups are increasingly taking the M&A exit route over listing publicly, and why it’s a good thing (for fintech, anyway). IPOs down, M&A up According to Read more…
A new strategic investment from ABN AMRO Digital Impact Fund “strengthens the current operational relationship” between the bank and Israel-based cybersecurity innovator ThetaRay, fund director Hugo Bongers said today. The investment, amount undisclosed, adds to the company’s reported $66.5 million in funding. ThetaRay leverages its big data analytics platform and solutions to provide advanced cybersecurity Read more…
Crypterium, a company that turns cryptocurrencies into fiat money, launched its long-promised prepaid card today. The Crypterium Card is loaded with cryptocurrencies and functions just like a traditional prepaid card in that it can be used with online and brick-and-mortar merchants. With this functionality, the card overcomes one of the biggest hurdles to cryptocurrency usage Read more…
Equity crowdfunding platform OurCrowd formed a partnership this week with NOAH Advisors to boost investment for European startups. NOAH Advisors, a European corporate finance boutique, will work alongside the Israel-based company as it expands its portfolio into European startups. The two will focus on Germany, Switzerland, and the U.K. “Europe is practically next door, with Read more…
London-based fintech Paysend announced late last week that it had reached its fundraising goal of $5.3 million (£4.2 million) after a three-day campaign on Seedrs. The company noted that more than 200 investors have participated in funding round, which was led by VC’s Plug & Play, Digital Space Ventures, and Marcorp Fintech. The funding puts Read more…
With the launch of the PayPal eCommerce Platform PayPal announced this week, the alternative finance provider will be helping small businesses gain access to ecommerce tools typically reserved for larger businesses. In the company’s blog post announcement, COO Bill Ready said, “The PayPal Commerce Platform is designed to meet the specific needs of marketplaces, e-commerce Read more…
Blockchain-based identity startup BanQu announced it closed an extension of its Series A round today. The funds come from Anheuser-Busch InBev’s venture arm ZX Ventures. The amount of the funding was undisclosed but adds to the company’s previous funding total of $2.6 million. “After BanQu’s outstanding pilot performance in our 100+ Accelerator, we are pleased Read more…
The new Secure Agreement Automation cloud solution from OneSpan offers fully-digital account opening while fighting application fraud. Launched this week, the technology leverages open APIs to deliver identity verification, eSignature, workflow, and an end-to-end audit trail in a single account opening solution. “The battle for banking consumers is being waged based on the quality of Read more…
Identity verification company Trulioo announced this week it will be promoting financial inclusion across the globe via a new partnership with financial market data provider Refinitiv. The two are hoping to foster financial inclusion by promoting access to digital identity solutions. By combining Trulioo’s GlobalGateway solution with Refinitiv’s risk intelligence, banks can verify billions of Read more…