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Banking software provider Temenos announced this week that Baxter Credit Union implemented Temenos’ Lifecycle Management Suite in Microsoft Azure. This makes the $2.8 billion credit union the first financial institution to take the Lifecycle Management Suite into the cloud. This week’s launch includes the Collection, Service, and Loan Origination modules and comes after nine months Read more…
With Blackhawk Networks’ $175 million acquisition of fellow Finovate alum CashStar, we may soon learn just how good digital gifting is going to get. Talbott Roche, CEO and president of Blackhawk Network, said the deal “strategically enhances Blackhawk’s ability to provide the right digital solutions to our partners to meet the changing needs of business customers and Read more…
Klarna is having quite a summer. On Friday the company reported sales and profit results for the first half of 2017 that represented gains of 21% and 138%, respectively. The strong financials come amid a series of headlines that show the Swedish payments company making strides on a number of fronts. This includes rumors that Klarna Read more…
Fraud prevention and identity verification innovator Emailage has raised $10 million in new funding. The round was led by Anthos Capital, and featured the participation of Mucker Capital, Radian Capital, Tallwave Capital, and Wipro Ventures. “This investment will allow us to continue our rapid growth, enhance our leadership position in the online fraud detection market Read more…
Document automation specialist HotDocs has announced a new integration. The company has partnered with cloud-based legal data management solutions provider, Advologix, to combine its interview, assembly, and template services with Advologix’s data, workflows, and “best of breed document automation.” The result, according to Advologix VP of Product Development Steve Stockstill, is an “end-to-end cloud-based document Read more…
Digital currency wallet Coinbase has taken the leap to become a unicorn today. The San Francisco-based company announced it has received $100 million in Series D funding led by IVP. Other investors include Spark Capital, Greylock Partners, Battery Ventures, Section 32, and Draper Associates. Today’s investment brings the company’s total funding to $217 million; Pitchbook estimates Coinbase Read more…
PayPal has apparently not taken vacation this summer. After a surge of partnerships, the payments company announced it will acquire Swift Financial, a U.S.-based small business lending platform. Terms of the deal, which is expected to close later this year, were not disclosed. Delaware-based Swift Financial has provided working capital to thousands of small businesses Read more…
In a Series B round led by Commerce Ventures, digital identity verification specialist Socure raised $13.9 million in new funding. The investment, which also featured the participation of Flint Capital, Santander InnoVentures, Synchrony Financial, Two Sigma Ventures, and Workbench, takes Socure’s total funding to $27.5 million. “The funding will help us meet the increasing demand Read more…
The fintech community has been eyeing the capabilities of near field communication (NFC) technology for awhile now. And though we’re still waiting for its successful application in payments, Mitek has proven that the enabling technology has a clear use case in mobile capture and identity verification. The California-based company announced today that it has added NFC capability to Read more…
Better onboarding and fewer fraud incidents are the goals of U.K.-based, online money transfer platform, BCRemit. And this week, the UK.-based company partnered with identity confirmation specialist HooYu to help them reach both of those critical objectives. “HooYu is a great complement to the traditional database identity check approach,” BCRemit Managing Director Oliver Calma said. Read more…
This article was first published on FinTech Futures on May 31st 2017. Adding to our hugely popular Women in Fintech series, we speak to Lynn Bishop, Chief Development Officer, Managing Director, DTCC, about the best way to make it as a woman in tech, learning from her exceptional path to the top. How did you start your career? I started my career Read more…
Online small business lender Kabbage has raised $250 million in funding from Japan’s SoftBank Group. The capital, which takes Kabbage’s total funding to more than $488 million, will be used to support new lending products for small businesses, as well as “explor(ing) non-lending products and services” for its customers. The partnership with SoftBank will also Read more…