WealthTech

Goldman Sachs’ Growth Equity has invested £50m into the UK’s leading digital bank Starling.

FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.

Investment bank and financial services juggernaut JP Morgan has revealed it is using blockchain technology to improve money transfers between banks globally.

Coverflex, which helps companies offer compensation to employees, has reportedly collected €5m in its pre-seed funding round.

German challenger bank N26 has entered the insurance space, with customers now able to buy cover, manage plans and initiate claims.

Copenhagen-based FinTech Cardlay has secured €8m in capital from Global PayTech Ventures, venture fund managed by former Mastercard executive Javier Perez.

A study from Juniper Research has discovered the number of users of software-based facial recognition to secure payments will exceed 1.4bn people globally by 2025.

Research by mobile analytics platform App Annie has discovered mobile FinTech apps outperformed banks by a factor of up to 10.8x during the COVID-19 pandemic.

Neobanking startup Zeta is said to be close to joining the burgeoning unicorn club in India with Softbank-led funding round, which is currently being finalised with the Japanese investor.

Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.