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PayPal has joined Team Tink. Swedish open banking solution provider Tink announced today that PayPal is its latest investor and customer. In a blog post sharing the news, the Swedish company called the investment and partnership a “major vote of confidence in our tech and an indicator of the strength of the open banking movement Read more…
Password management platform Dashlane is riding the momentum of the $30 million it raised last month. Today, the New York-based company more than tripled its last investment, pulling in a $110 million Series D round. The investment also more than doubles Dashlane’s previous funding total, boosting it to $211 million. Sequoia Capital led the round, Read more…
Fresh off its appearance at FinovateSpring, digital money management software developer Strands has announced a new strategic partnership with Tech Mahindra. The IT services and consulting firm will leverage Strands’ AI- and big data-powered technology and financial services expertise to help its clients enhance the customer experience with more contextual and personalized solutions. “Our white-label Read more…
Plaid, a provider of APIs for financial infrastructure, announced its expansion into the U.K. this week. The move makes a lot of sense– an open banking fintech is launching in the motherland of open banking. “We’re building a financial network that will deliver on the promise of open banking with the best in both local Read more…
Courtesy of a partnership with ID document verification specialist Onfido, Checkr has launched a new solution that will enable businesses to add identity verification to their trust and safety programs. The new solution, Checkr Connect IDV, leverages Onfido’s technology to verify the user’s ID and conduct a biometric check comparing the image on the ID Read more…
Global Treasure Bank (GTB) in Myanmar has implemented Infosys Finacle’s core banking solution to power its retail and corporate operations, reports Jane Connolly of Fintech Futures, Finovate’s sister publication. Finacle is understood to have replaced the Kastle core banking system from another India-based vendor, 3i Infotech. Since the implementation, the bank says it has signed Read more…
UK-based international payments fintech TransferWise has doubled its value to $3.5 billion after raising $292 million in secondary funding, reports Jane Connolly of Fintech Futures (Finovate’s sister publication). The Telegraph reports that the round was led by investors including Lead Edge Capital, Lone Pine Capital and Vitruvian Partners. The Sir Richard Branson-backed firm also received investment from BlackRock Read more…
Giving sales professionals the ability to leverage AI to provide better service is the goal behind the new partnership between Vymo and Microsoft. Specifically, the two will work to grow the market for Vymo’s intelligent personal assistant for sales, bringing predictive and actionable insights to customer relationship management (CRM). “We are helping organizations move to Read more…
Global card issuing platform Marqeta, which demonstrated its Payment Gateways technology at FinDEVr Silicon Valley 2016, announced today that it has secured $260 million in new funding in a round led by Coatue Management. The capital will be used to further develop the company’s payment card platform and to fuel global expansion, according to company Read more…
Equity crowdfunding portal Fundopolis will partner with asset tokenization and digital asset trading technology provider AlphaPoint to support its tokenization initiative. The company will use AlphaPoint’s technology to facilitate the issuance of equity crowdfunding perks, as well as make it easier for fundraising customers to interact with investors. “Small businesses have been priced out of Read more…
In a round featuring participation from Insight Partners, DFJ Growth, Drive Capital, Hyde Park Venture Partners, and other investors, conversational AI innovator Clinc has raised $52 million in new funding. The Series B round brings the Ann Arbor, Michigan-based fintech’s total capital to $60 million. “We’ve had phenomenal growth and built unbelievable momentum in a Read more…
Natural language generation (NLG) expert Yseop teamed up with technology consulting and digital solutions company Larsen & Toubro Infotech (LTI). Yseop CEO Emmanuel Walckenaer said that the deal “significantly advances” the company’s NLG efforts while expanding its global reach. Founded in 1997 as a subsidiary of India-based Larsen & Toubro Limited, LTI has operations in Read more…