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Challenge Accepted! Monzo Raises Millions U.K.-based challenger bank Monzo secured an additional $190 million (£150 million) in funding this week, adding to the $426 million (£340 million) raised just a few days ago. The Series I round, totaling $616 million (£490 million) gives the digital bank a valuation of $5.2 billion (£4.1 billion) and represents Read more…
Investment and innovation are defining the wealth management space as the week begins. LA-based wealth management platform Altruist enters the week with $169 million more in capital, courtesy of a Series E round led by Iconiq Growth. Meanwhile, JP Morgan Chase announced that it has deployed generative AI to enhance its thematic investment offering. Be Read more…
Happy Earth Day! Partnerships in payments and fundraising in the international investment/wealth management space are dominating fintech news headlines as the week begins. Digital banking Temenos announces appointment of new Chief Executive Officer Jean-Pierre Brulard, effective May 1, 2024. Caribbean Bank Limited partners with Finastra to modernize its core technology and upgrade its back office Read more…
Regtech innovator Lucinity is starting to draw attention. The company, headquartered in Reykjavik, Iceland, made its Finovate debut last year at FinovateSpring in San Francisco. At the conference, Lucinity demonstrated its AI-enabled copilot, Luci, which enhances financial crime compliance via insight generation, report writing, and automation. The solution uses GenAI to streamline tasks for compliance Read more…
As part of the Eastern U.S. prepares to enjoy the total solar eclipse today, fintech enthusiasts can also eclipse the competition with the latest news and updates in the fintech world. Check back for real-time updates on how the fintech landscape evolves this week. Payments Business payments and financial platform Airwallex launches its Borderless Visa Read more…
The first week of April begins with a resolution in the Sam Bankman-Fried saga as the former FTX founder and infamous crypto entrepreneur receives a sentence of 25 years in prison. Crypto Sam Bankman-Fried sentenced to 25 years in prison for its role in the FTX scandal. Web3 payment solution provider Alchemy Pay announces investment Read more…
This week marks both the one-year anniversary of Silicon Valley Bank’s collapse and St. Patrick’s Day. Let’s see if this week’s news projects a luckier year for fintechs. Check back for real-time updates on how the fintech landscape evolves this week. Payments Ryft announces new digital payments partnership with American Express. Visa and Western Union Read more…
FinovateSpring 2024 takes place at the Marriott Marquis San Francisco on May 21 through 23, 2024. More than 60 innovative companies will take the stage this May, with just seven minutes to show their latest tech to the audience. The rules: No slides, no canned video. There’s no better way to quickly see the most exciting Read more…
The week begins with big news on the payment cards front as Capital One announces plans to acquire Discover Financial Services in an all-stock deal valued at $35 billion. Check out what else is going on in fintech and financial services in our latest fintech weekly news rundown! Embedded finance German embedded finance platform Monite Read more…
A look at the companies demoing at FinovateEurope in London on February 27. Register today using this link and save 20%. InvestGlass InvestGlass is the #1 Swiss sales automation solution for banks, which features digital onboarding, CRM, marketing, portfolio management, and integrates on-premise AI GPT with legacy regulations. It is a Swiss sovereign solution. Features Who’s it Read more…
A look at the companies demoing at FinovateEurope in London on February 27. Register today using this link and save 20%. AMLYZE AMLYZE is a regtech company and Software-as-a-Service (SaaS) provider offering a suite of solutions to combat financial crime. Features AMLYZE creates a paradigm shift in AML efficiency through AI and the power of network through the Read more…
Explore the latest and most pertinent fintech news in our weekly digest. Stay informed as we continuously update this post with breaking news throughout the week. Check back for real-time updates on how the fintech landscape evolves this week. Lending Moody’s Analytics partners with Numerated to boost its lending capacity. Welsh, Carson, Anderson & Stowe Read more…