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Sberbank Switzerland outsources core to Avaloq
Avaloq gains new live site in Switzerland Sberbank (Switzerland) AG, a Zurich-based subsidiary of Russian banking and tech giant Sber, has gone live with Avaloq’s Software-as-a-Service (SaaS) core...
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Digitalisation landscape in Pakistan – a tech view
“Universal access to financial services is within reach – thanks to new technologies, transformative business models and ambitious reforms… As early as 2020, such instruments as e-money accounts, along...
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Connect bank operations from front to back
Improve efficiency and compliance while simultaneously lowering costs and risks Improve efficiency and compliance while simultaneously lowering costs and risks. At first blush, 20 minutes doesn’t seem...
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The music of embedded finance
Embedded finance is happening as people leverage the art of the possible to create new businesses, platforms, experiences and products Today we are playing a game. It is called the “stupid questions”...
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Paytech firm Ondot acquired by US banking tech giant Fiserv
Ondot acquired by Fiserv US banking and payments tech heavyweight Fiserv has signed a definitive agreement to acquire Ondot Systems, a ten year-old payments firm. The financials of the deal have not...
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Lock up your innovation department
Perfect the art of incremental business improvements in the best, cheapest and most efficient ways, before the competition Seriously. It’s done. That was yesterday’s craze. We set up labs and...
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FLEX moves 13 US credit unions to its core tech in 2020
FLEX, a Utah-based credit union core system processor, announced a full list of 13 core conversions in 2020. The vendor caters to the low-end credit union sector in the US. “As we look back on 2020 we...
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My mother was right about everything
The inequalities the pandemic exacerbates are bigger than each of us. But doing something about them isn’t. My mother has a tin sign in her kitchen, showing a 1950s housewife, wide-eyed in mock...
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Minna Technologies raises €15.5m in Series B funding round
Minna’s total funding has surpassed €23m Minna Technologies, a Sweden-based subscription management software provider to banks, has raised €15.5 million ($18.9 million) in its Series B funding round....
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Wealthtech Elinvar raises €25 million funding
Toscafund, Goldman Sachs, finleap and Ampega invest EUR 25m in wealthtech Elinvar Berlin-based wealthtech Elinvar has raised €25 million funding to scale its offering in a round led by Toscafund Asset...
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Rapyd raises $300m in Series D, plans more acquisitions
Rapyd, which describes itself as “a global Fintech-as-a-Service company”, has closed a $300 million Series D funding round led by Coatue. Existing investors General Catalyst, Oak HC/FT, Tiger Global,...
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US-based paytech Modern Treasury raises $38m in Series B
Modern Treasury lands $38m in Series B funding round Modern Treasury, a California-based payment operations software provider, has raised $38 million in its Series B funding round led by Altimeter...
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Asia-Pacific fintechs Volopay and Microleap land funding
Volopay and Microleap raise funds Singapore-based Volopay and Malaysia-based Microleap, have raised $2.1 million and $3.3 million, respectively. Volopay reeled in $2.1 million in seed round, led by...
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New funding for European fintechs Compeon and SESAMm
New funding for European fintechs Compeon (EUR 15m) and SESAMm (EUR 7.5m) Compeon, Germany’s largest platform for small and medium-sized enterprise (SME) financing solutions, landed €15 million, while...
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US fintechs Albert and Crux Informatics in funding rounds
US fintechs Albert and Crux Informatics in funding rounds A pair of US fintechs have raised a total of $130 million, featuring Albert’s $100 million Series C funding round and Crux Informatics’ $36...
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UK fintechs Token and Tradeteq get investment
UK fintechs Token and Tradeteq get investment Open banking payments platform Token and trade finance tech specialist Tradeteq have landed $15 million and $9.4 million, respectively. Open banking...
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Supply chain financing start-up CapBay raises $20m in Series A
Malaysia-based CapBay raises $20m in Series A funding round CapBay, a peer-to-peer (P2P) supply chain financing platform based in Malaysia, has raised $20 million in its Series A funding round. This...
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NymCard raises $7.6m for Banking-as-a-Service in MENA
Omar Onsi, NymCard founder and CEO NymCard, a UAE-based Banking-as-a-Service (BaaS) provider, has landed $7.6 million in Series A funding. The round was led by Shorooq Partners, with participation from...
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Fintech funding round-up: SeedFi, Libeo, Ember and Finch Capital
A round-up of some of the recent investments in the fintech space, featuring SeedFI, Libeo, Ember and Finch Capital. SeedFi raised $50m in debt and $15m in equity San Francisco-based fintech SeedFi has...
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UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently. Start-up bank Monument has raised over £28 million in its Series A funding round from new and existing investors, brining the total...
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