Tag: financial technology

Upbound and Brigit merge to accelerate financial innovation and consumer engagement

Upbound Group has entered a definitive agreement to acquire Brigit, a financial health technology company, in a deal worth up to $460m.

Interactive investor integrates NatWest’s Payit for seamless open banking payments

Interactive investor (ii) has rolled out Payit, NatWest’s open banking payment solution, to simplify and enhance the customer payment experience. Through this partnership, ii customers...

What FATF’s 2024 travel rule revision means for payment service providers

The FATF has placed significant emphasis on the revision of Recommendation 16, known as the "Travel Rule," in response to the evolving landscape of payment technologies.

Digital identity wallet ID.me raises $67m amid rapid growth and user...

ID.me has announced the successful closure of a $67m secondary tender investment, bolstered by new investor Ribbit Capital and existing stakeholders Viking Global Investors and CapitalG.

MoneyLion reduces cost of capital with $70m refinancing from Silicon Valley...

MoneyLion has successfully completed a $70m loan facility refinancing with Silicon Valley Bank (SVB), a division of First-Citizens Bank & Trust Company.

Treasury management leader Agicap raises €45m in Series C led by...

Agicap, a leading treasury management platform for SMB and midmarket firms, has secured €45m in a Series C funding round led by AVP.

BIAN unveils innovative developer tools to drive efficiency in banking

BIAN, the independent not-for-profit standards association, has unveiled new developer tools aimed at streamlining the adoption and implementation of its standards.

Bond trading platform OpenYield secures $7m in funding

OpenYield, a cutting-edge bond marketplace, has announced the successful closure of a new funding round aimed at revolutionising the fixed income market. The company operates the OpenYield ATS, a marketplace registered with FINRA and the SEC.

ACI Worldwide forecasts large $7.6bn rise in APP scam losses by...

ACI Worldwide has published its 2024 Scamscope report in collaboration with GlobalData, a foremost data and analytics firm. The report predicts a significant rise...

Revolut surpasses 50 million global customers, aims for 100m milestone

Revolut, the UK-based FinTech giant and licensed European bank, has announced a major milestone, reaching 50m customers globally. Of these, 10m are based in the UK, solidifying the company’s position as a leader in digital banking.

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