Banking Infrastructure

Financial institutions have a “resilience paradox” that is costing them up to 50% of their revenue, according to a study from global infrastructure and connectivity provider BSO.

Over two thirds of consumers want their bank or financial institution to become more sustainable in future, according to a new report from cloud banking platform Mambu.

Financial institutions across Europe are “betting big” on open banking payments, according to new research from European open banking platform Tink, citing tangible benefits for merchants and their end users.

Gridwise, an app that helps drivers and couriers manage their earnings, has raised $12.7m in a funding round.

Jetty, a financial service company on a mission to make renting a home more affordable, has received an investment from PayPal Ventures and Experian Ventures.

Belong, a California-based startup looking to empower residents to become homeowners, has raised $80m in Series C funding.

Temenos has released an ESG investing-as-a-service to help banks and wealth managers meet the demand for sustainable investing.

PayEngine, a white-label payments-facilitation platform for vertical SaaS companies, has raised $10m in Series A funding led by Point72 Ventures.

Quantifeed, which claims to be Asia leading digital wealth management solution developer for financial institutions, has closed its Series C round on an undisclosed amount.

Cloud-native banking technology developer Thought Machine has reached a $2.7bn valuation after the close of its Series D on $160m.