Sector Updates

Finastra, Uni Systems join forces to deliver treasury, payments and risk solutions

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.

ComplyAdvantage adds KYB data to create financial risk detection graph of individuals and businesses

Global financial crime risk data and detection technology provider ComplyAdvantage has added Know Your Business (KYB) data to create a unified data graph of individuals and business entities to double down on financial crime risks.

Criptonite AM and Wave Financial team up to help investors get access to regulated...

Swiss wealth management company Criptonite Asset Management entered into a partnership with SEC-regulated digital asset investment manager Wave Financial to address the increasing demand from European investors on crypto-related products.

Accenture invests in Zurich-based payments-as-a-Service platform Imburse

Accenture made a strategic investment, through its VC arm Accenture Ventures, in cloud-based, payments-as-a-service enterprise platform Imburse.

Micro payments service Shrap unveils pilot program to examine future of cash

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.

Digital credit platform Kredivo lands $100m to offer BNPL services in Indonesia

Indonesia-based digital loans and credit platform Kredivo added to the initial $100m debt facility closed in July 2020 to a new total of $200m.

Deutsche Bank, Fiserv team to launch payment acceptance venture in Germany

Deutsche Bank and Fiserv have collaborated to create a comprehensive provider of payment acceptance and banking solutions in the German market.

World Bank rebuffs El Salvador with Bitcoin currency integration

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.

Stripe rival Mollie bags $800m mega Series C round at $6.5bn valuation

Amsterdam-based online payments processor Mollie becomes the third-largest FinTech unicorn in Europe after rival Checkout.com as it sealed a massive $800m financing round valuing the company at $6.5bn.

Jaguar Land Rover backs ex-Apple exec-founded Caura in $4.2m round to develop in-car payments

UK-based vehicle management platform Caura secured $4.2m in seed funding to develop its application and integrate with in-car infotainment systems.

News Stories

FinTech

Another strong week for FinTechs with 26 deals recorded

FinTech Global reported on another powerful week in the FinTech sector, with a total of $783m raised across 26 deals.   This top performing deal...
FutureMoney launches micro-investing app to help families secure financial future

FutureMoney launches micro-investing app to help families secure financial future

FutureMoney, a FinTech company founded by industry veterans, has launched a new micro-investing platform aimed at helping families build generational wealth.
Camwood and Pentaho team up to enhance data analytics capabilities

Camwood and Pentaho team up to enhance data analytics capabilities

Camwood, a leading IT consultancy specialising in digital evolution through the lens of applications, has partnered with Pentaho, a subsidiary of the Japanese multinational conglomerate Hitachi, to bring its data analytics platform to market via a new managed services offering.
Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app.
Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla, a leading U.S.-based account-to-account (A2A) payment solution provider, has announced a strategic collaboration with Visa, a world leader in digital payments.

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