Banking Infrastructure

While open banking is still to be fully realised in Europe and the US, Singaporean authorities have joined forced to launch a digital infrastructure that offers something similar.

Having already announced the deal this summer, Deutsche Bank and Google Cloud have now finalised a strategic, multi-year partnership to accelerate the bank's transition to the cloud and co-innovate new products and services.

Payments service provider APEXX Global has reportedly closed an $8m Series A round which brings the company’s total equity raised to $12m.

The global core banking software market size is seemingly set for some impressive growth in the next seven years and is expected to reach a value of $16.38bn in 2027.

European financial institutions are in general optimistic about open banking, but a risk of internal alignment could be holding them back, new data from Tink reveals.

Engagement banking technology developer Backbase has launch its next-generation platform and its enhanced Backbase-as-a-service.

Credit scoring startup Nordigen has launched a new open banking API to solve the issue of expensive solutions in the market, taking a swing at companies like Tink and Plaid in the process.

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

Paddle, a B2B SaaS platform, has closed its Series C round on $68m to continue its growth momentum.

OakNorth, an AI software developer, has received a $30m investment from Japan-based bank Sumitomo Mitsui Banking Corporation (SMBC).