Banking Infrastructure

FinTech companies, RegTech ventures, InsurTech startups and challenger banks raised money in the last week. This is what you can learn from the 20 FinTech rounds we reported on.

Challenger bank Pockit has been forced to freeze all customers' accounts because of the Wirecard scandal and tells users to go to local welfare assistance schemes if they can't pay for their essentials.

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.

Several companies using Wirecard's payment processing solutions have found themselves having to suspend their services, but Revolut is not one of them.

As the Wirecard scandal continues, UK-based FinTech ANNA Money has been forced to suspend all of its cards and accounts. Its customers are not happy about it.

North American FinTech Finicity is being sold to Mastercard in a $825m deal, with the payments giant planning to leverage the acquisition to further its push into open banking.

The Monetary Authority of Singapore (MAS) has rejected eight out of the 21 digital banking applications submitted by the beginning of the year, but more are heading for the chopping block.

Cloud-banking scaleup nCino has filed a Form S-1 at the U.S. Securities and Exchange Commission, thus officially kicking off the process to go public.

Palantir Technologies, which was created by PayPal co-founder Peter Thiel, has reportedly raised $500m in a new funding round, as it looks at the possibility of going public.

Banks and financial services firms are driving the growth of the FinTech market towards being worth $305bn by 2025, according to new research.