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September is often a busy month in financial services. And it looks like 2014 is no exception. During the first week of September, 19 fintech firms attracted $269 million in new funding. Even if you exclude the $110 million to alt-biz lender Strategic Funding Source, it was still a huge week, despite the short week Read more…
ACI Worldwide ranks #36 in Apps Run the Cloud’s Top 500 application vendors. Startups.co.uk interviews Michael Kent, CEO and founder of Azimo. TechCrunch profiles Finland-based startup, Holvi. American Banker looks at how banks can use BizEquity’s app that enables small businesses to estimate the value of their company. Wade Arnold, founder of Banno which was Read more…
Late summer has proven to be red-hot in the fintech sector. This week, 16 companies received new funds, with 15 equity investments totaling $67 million and one massive debt placement of $200 million to AvantCredit. Combined with the $102 million of equity raised in the first half of August, the sector has attracted $170 million Read more…
It’s mid-August. Who is even working now? Evidently, the folks cranking out new fintech (and their investors) are not letting up. So far this month, 24 startups have received a total of $102 million in new capital. Here are the newly funded, in order of deal size (fundings reported from Aug 1 through Aug 15, Read more…
ThreatMetrix granted patent for its ability to differentiate between trusted customers and cybercriminals Australia-based Vermilian acquired by banking technology firm Ultradata. i-exceed launches its new website. Boku brings its direct carrier billing-based mobile payments technology to India. Mangopay teams up with Currency Cloud to provide international money transfer services to its customers. Shivalik Mercantile Cooperative Bank Read more…
How does a technology company like Monitise help banks and financial institutions provide more value for their customers? I spoke with Marc Winitz, SVP for marketing at Monitise, during a break at the Digital Banking Summit in Los Angeles earlier this month. And the answers he provided told me a great deal about where banks Read more…
Just a few months from their Finovate debut, Singapore-based social payments enabler fastacash has raised another $4 million in funding. The capital from new and existing investors takes the company’s total to $8.5 million. Participating in the round were Jagdish Chanrai, principal of Kelwalram Chanrai Group, and Golden Oriole Investments, as well as other current Read more…
Mobile money innovator Monitise (Finovate 2007) has announced that Elizabeth Buse will join the company as co-CEO. Elizabeth Buse will bring more than 15 years of payments experience from her time at Visa, where she was last Executive Vice President of Solutions. Elizabeth is no stranger to Monitise, having served on the company’s board of Read more…
Geezeo announces HTML5-inspired redesign of mobile PFM app. Dashlane raises $22 million; announces 2 million users, $1 billion in transactions enabled. Raymond James Bank N.A. chooses Fiserv for extensive enterprise banking. MasterCard to acquire Indian payments processor, ElectraCard Services, for undisclosed amount. Kony releases new Mobile Backend-as-a-Service (MBaaS) to reduce the cost and complexity of Read more…
rplan announces new “simple, transparent” charging structure. Crypt.la lists its top 10 most interesting Ripple protocol services. Tech Cocktail Austin interviews Dwolla COO, Charise Flynn. SmartAsset launches Retirement Planning Tool, Announces 40% Month-Over-Month Growth. The Tally focuses on India-based Heckyl Technologies. Zopa embraces ThoughtWorks technology to improve data analysis capability. This post will be updated Read more…
Here’s more “behind-the-scenes” coverage of some of the companies that presented at FinovateEurope 2014. If you missed our previous installment from last week, click here to read “FinovateEurope: Behind the Scenes with AdviceGames, Nous.net, and Yseop.” CRIF What They Do: CRIF specializes in leveraging big data to help small and medium sized banks make sound credit Read more…
Scotiabank selects Fenergo’s regulatory onboarding solution. FIS announces partnership with Microsoft Cybercrime Center. Azimo credits Indian expansion for surge in new cash pick-up points. Betterment, Personal Capital, Wealthfront featured in Boston Globe column on personal wealth. DeviceFidelity unveils RF technology behind its latest stand-alone, NFC microSD card. Find Biometrics interviews Toby Rush, CEO of EyeVerify. Read more…