Banking Infrastructure

Paris-based financial and account management solutions provider Pennylane raised €15m ($18m) in new funding from Sequoia Capital.

Neobanks in the Nordics may have had a slow start, but things may soon be about to change.

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

Commerce National Bank & Trust and Commencement Bank have become the first US banks to access Finastra’s new cloud-based core banking platform Fusion Phoenix.

Swedish FinTech startup Minna Technologies, which helps retail banks improve their digital banking user experience, has partnered with Danske Bank.

Core banking developer Ohpen has closed a €25m Series C funding round from private equity firm Amerborgh.

Sterling Federal Bank is on a mission to expand its consumer banking and mortgages services, it has tapped Finastra for its Fusion Phoenix solution.

Berlin-based FinTech startup Vivid Money has raised $114m in a Series C round, propelling the company to a valuation of $884m.

BlinkPay, a pioneering name in the world of payments, is ready to alter the financial landscape in New Zealand by introducing open banking. This remarkable stride follows closely behind the UK's open banking sector's achievement, where it witnessed over 11m payments in July 2023.

FinTech app Bankin’ has expanded its offering with a new API dubbed Bridge Pay. The solution will empower users to initiate payments using bank transfers through the app.