Banking Infrastructure

AI-powered compliance company Ascent has partnered with IBM, which will see the RegTech integrate its solutions in an effort to help financial institutions keep abreast of ever-changing regulatory requirements.

The digital finance platform MoneyLion has launched RoarMoney, a new demand deposit account powered by MetaBank and featuring Mastercard as the exclusive card network.

Working capital technology provider Taulia has secured a $60m investment, which was led by the Ping An Global Voyager Fund.

Banking technology company nCino has finally gone public, with the price of its shares skyrocketing in its first day of trading.

Digital banking software provider Backbase has opened new offices in Sydney and Melbourne as it's vying to expand across Australia and New Zealand.

Credit company CRIF and payment technology enterprise SIA have inked a strategic partnership agreement to offer open banking services and applications in Italy and Europe.

Challenger bank Monzo is testing out a new feature enabling customers to easily move money from other banks' accounts, despite founder Tom Blomfield's previous scepticism of open banking.

South African challenger banks TymeBank and Discovery Bank has reportedly thrived during the country's coronavirus lockdown.

Rumours about Marqeta going public have found new energy as sources say the payment card issuing startup is in talks with investment banks for an initial public offering (IPO).

Our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what's happening in the industry.