Banking Infrastructure

Raisin acquires Choice Financial to bring US banks new deposit solutions

Open banking platform Raisin has acquired Choice Financial Solutions so it can offer US banks and credit unions the ability to create flexible deposits.

Union Bank picks FIS to modernize its core banking platform

American Union Bank has tapped tech developer FIS to provide its new banking platform.

Plotly Technologies receives funding from fellow AI company

Plotly Technologies, an analytics software developer, has received a $1.7m investment from fellow AI company Scale AI.

Could Backbase’s new banking platform really help incumbents compete with new challenger banks and...

Challenger banks and huge tech titans threaten to take traditional banks' share of the market. Now Backbase believes it might have a solution.

Great tech might not be enough for challenger banks to woo Gen Z away...

Many FinTech startups attempt to impress young people with apps and digital offerings. However, new research suggests that it will not be enough.

Practifi collects AUS $24m in Series B as it looks to grow international presence

Business management platform Practifi has scored AUS $24m ($16m) in its Series B round which was led by Updata Partners.

Beeks Financial Cloud receives £2m grant from Scottish Enterprise

Beeks Financial Cloud Group, a cloud computing and connectivity provider for banks, has received a £2m R&D grant from Scottish Enterprise.

Options receives support from private equity firm

Options, a supplier of cloud-enabled managed services for capital markets, has received an undisclosed investment from private equity firm Abry Partners.

ABAKA secures $6.5m in Series A

ABAKA, an AI powered digital savings and retirement solutions platform has allegedly secured $6.5m in a Series A round.

Hourly bags $7.15m in seed funding to support market expansion

Hourly, a startup focusing on workers’ comp insurance, payroll and time tracking for SMEs, has bagged $1.15m in seed funding.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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