Banking Infrastructure

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.

A pilot program by UK micropayments firm Shrap has begun two pilot programs in Essex and Denny, Scotland to trial and test scalable solutions to help keep cash sustainable.

The World Bank has declined to help El Salvador with the integration of Bitcoin into its currency system highlighting concerns around the environment and transparency.

The Bank of England (BofE) FinTech chief has said the introduction of a central bank digital currencies (CBDC) doesn’t require a trade-off between privacy and tackling financial crime.

FinTech startup MFast raised $1.5m in a pre-series A funding led by Do Ventures.

UK-based FinTech Novus has teamed with Visa and Railsbank to develop a mobile application that rewards users for purchasing sustainably.

Banking-as-a-service startup Unit has closed its Series B on $51m, alongside the launch of its new banking solution development tool.

Open banking platform Finleap Connect has secured €22m from a Series A funding round led by SBI Investment.