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P2P lending platform Zopa not only announced its move back into profitability, it also released a handful of metrics suggesting growth sustainability in the P2P industry. After the U.K.-based company was founded in 2005, it reached profitability in 2011 and continued that momentum until 2012. Five years later, and after a bit of restructuring, Zopa Read more…
On Finovate.com Bento for Business Raises $9 Million in New Funding. Sensory’s Biometric Technology Now Powers Security for 24 Banking Apps. OneSpan Partners with Nok Nok. DefenseStorm Selected by NAFCU as Preferred Cloud-Based Cybersecurity Partner Around the web Coventry Building Society to deploy Temenos T24 core banking platform for savings and mortgage servicing. Finastra partners Read more…
Just days after announcing its decision to purchase Hyperwallet, PayPal is back – purse in hand – for another big buy. The company will acquire fraud prevention and risk management specialist Simility for $120 million. “This acquisition, like the acquisitions of Swift Financial, iZettle, Jetlore, and Hyperwallet that we’ve announced in the last twelve months, Read more…
On Finovate.com ThetaRay Partners with ABN AMRO to Boost AML Capabilities. SigFig Raises $50 Million in Series E. Around the web Signicat integrates Belgian digital identity scheme, itsme, into its platform. Australia’s Bendigo and Adelaide Bank selects OneSumX from Wolters Kluwer for regulatory reporting. Fiserv inks deals with Sioux Valley Community CU and Coulee Dam Read more…
North Carolina-based First Bank, with 102 branches and assets of $5.6 billion, has partnered with loan origination platform provider Baker Hill, and will leverage the fintech’s consumer lending and online loan application solution to support its continued growth. “Our goal at Baker Hill is to help community financial institutions, like First Bank, generate efficient and profitable Read more…
Winner of Best of Show awards at FinovateSpring and FinovateMiddleEast, Ondot Systems has launched its digital card services platform. The new offering provides card issuers with full digital card life-cycle management – from initial invitation through secure payments – in a single platform. “In a digital-first world where payments are becoming invisible and consumers expect Read more…
B2B digital wealth management solutions provider WeInvest has taken in an investment of its own today. The Singapore-based company just closed on $12.3 million in Series A funding. The financing comes from a handful of angel investors, along with London-based Schroders, which acquired a minority equity stake in the company. This is WeInvest’s first major Read more…
On Finovate.com Envestnet | Yodlee, Quovo, and Morningstar Unite on Secure Open Data Access Framework. Around the web nCino extends its Bank Operating System with its new Retail Sales and Service Solution. Fenergo to bring client lifestyle management services to business and technology consultancy, Delta Capita. ProfitStars division of Jack Henry & Associates goes live Read more…
Credit reporting agency and risk information provider TransUnion announced this week it agreed to acquire Callcredit, the second-largest consumer credit bureau in the U.K. The deal is expected to close in the second or third quarter of this year for $1 billion. With today’s acquisition, TransUnion aims to boost its international presence. The U.S.-based company already Read more…
Mass payout platform Hyperwallet has teamed up with Lyric Financial, a financial services provider specializing in royalty advances and loans for musical artists. In the press release, Hyperwallet CEO Brent Warrington explained that recording artists face a struggle of income unpredictability. “Our job as a global payout platform is to help change the way these Read more…
With our first conference in Dubai last month, FinovateAsia back on the Finovate calendar and our first trip to Africa scheduled for later this year, Finovate VP Greg Palmer’s observation that “the sun never sets on the Finovate Empire”, rings all the more true. Here’s a look at some of the latest fintech news from Read more…
On Finovate.com Data or Die. SME Financing Meets Cross-Border Payments as BlueVine Partners with Veem. Experian Acquires ClearScore for $385 Million. Pindrop Partners with Voice Solutions Provider Aeriandi. Around the web Ethoca launches Integrated Solution suite to eradicate chargebacks. Revolut launches direct debits in Europe. PayU, Kreditech to offer cardless EMI option of Rs 1 lakh for Read more…