Banking Infrastructure

UK-based Tally Money has launched a savings account, underpinned by gold, that offers a market-leading 2% fixed-rate return.

US FinTech company Oportun has entered an agreement to acquire neobanking platform Digit in a deal set to be worth $212.9m.

South African FinTech startup Ozow has raised $48m in Series B funding, led by internet and technology company Tencent.

Fintech company Broadridge Financial Solutions has launched an ESG Dashboard in a bid to help companies better understand and monitor their ESG ratings.

Mexican buy now, pay later (BNPL) company Aplazo has netted $27m from a Series A funding round led by Oak HC/FT.

A report by the Economist Intelligence Unit has found almost three quarters of bank IT executives believe moving to the cloud will help their companies reach their objectives.

Mexican FinTech Stori has secured over $200m in financing following a $125m Series C raise and a $75m debt financing haul.

The Bank of England (BofE) has revealed it intends to launch a consultation to set out their assessment of the case for a UK central bank digital currency (CBDC) next year.

Payitoff, which builds infrastructure to automate and optimise debt management, has secured $8.5m in its seed round.

Three quarters of global consumers are now more likely to use digital banking than before the pandemic, according to a report from SaaS cloud banking platform Mambu. The report has also revealed five consumer segments which are driving growth in financial services.