Banking Infrastructure

Customer onboarding platform Rocketlane has secured $3m from a seed funding round led by Nexus Venture Partners and Matrix Partners.

Personal finance and credit scoring platform ClearScore has secured a $200m investment from investment firm Invus Opportunities.

The Bank for International Settlements (BIS) and the Bank of England (BofE) have collaborated to launch the new BIS Innovation Hub Centre in London.

Mastercard has collaborated with Bilt Rewards to launch Bilt Mastercard - a credit card that offers no fees on rent payments.

Starling Bank has given children aged between 6 and 16 access to an account that will enable them to view their balance and transactions and receive spending notifications.

Earlier this month, El Salvador became the first ever country to make bitcoin legal tender, alongside the US dollar. While this may spell good news for those who trade in the cryptocurrency, is El Salvador the first of many countries to legalise bitcoin or will it be a one-off?

Australian business banking alternative Zeller has secured A$50m from a recent funding round to supercharge the development of its integrated business banking platform.

Viva Republica, the Seoul-based FinTech company operating mobile financial app Toss raised $410m in fresh funding, which values the company at $7.4bn.

UK open banking platform TrueLayer has launched a new Verification API to make the onboarding process for its customers easier.

Open platform that accelerates collaboration in financial services Finastra has established a new partnership with information and communications technology (ICT) systems integration company Uni Systems to help European financial institutions undergo digital transformation.