Category: Trade & Industry

Banking technology provider Plumery raised $4.5 million in seed funding. Tomorrow Ventures, Headline, Seedcamp, and Cocoa Ventures led the investment. Former Mambu CTO and CPO Ben Goldin founded Plumery in 2020. Component-based banking technology company Plumery has raised $4.5 million in funding. Better Tomorrow Ventures, Headline, Seedcamp, and Cocoa Ventures led the investment. Also participating…

UBS Group AG invested in onboarding technology through enhanced know-your-customer and anti-money laundering processes in the first quarter, which will ultimately aid the bank’s onboarding of Credit Suisse clients during its acquisition of the embattled Swiss bank.  UBS’ tech spend was up 11% year over year to $322 million, with included enhancements to its KYC…

The European Payments Initiative (EPI) acquired two payments companies– Currence-owned payment solution iDEAL and payment solutions provider Payconiq. EPI will leverage the new acquisitions to build a unified payment solution for Europe.  The unified payment scheme will begin by offering P2P payments by the end of 2023 across France and Germany. Payments solutions initiative European…

Gen Z-focused personal finance app Buddy has teamed up with open finance specialist Plaid. The partnership will enable Buddy users to manage their finances and track their spending more easily thanks to Plaid’s open finance APIs. Plaid’s APIs ensure secure connections between users’ financial accounts and financials apps. The integration will allow users to easily…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Deserve’s configurable credit card platform helps FIs reduce fraud with card controls, deploy launches and feature releases quickly, and drive top-of-wallet with superior cardholder experiences. Why it’s great Deserve provides financial institutions with…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. FINTEQ is a technology startup from Poland building the next-gen risk-free payment accelerator and striving to change how companies improve their cashflows in a healthy and sustainable way. Features Lowers purchasing costs in…

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot. Finturf provides a complete point-of-sale financing solution for contractors, medical offices, retailers, and other businesses, connecting customers to multiple lenders. Features Includes multiple lenders all in one place and automated lender matching Provides…

With new challenges come new opportunities, and fintech has always been at the forefront of creating tools to help consumers, businesses, and traditional financial institutions overcome their obstacles. And given all of the changes taking place in financial services, there’s never been a better time for fintechs to shine. That’s why at FinovateSpring next month,…

Credit Suisse reported higher operating expenses during the first quarter as the financial institution invested in software, shrunk its team and continued restructuring efforts amid its acquisition by UBS following a run on the Zurich-based bank in March.   THE BIGGER PICTURE: The $607 billion bank saw a 16% year-over-year increase in total operating costs…

Financial enablement platform Array has launched its Debt Manager solution. Debt Manager provides consumers with real-time information about their debts. Array won Best of Show in its Finovate debut at FinovateFall 2021. The company won a second Best of Show award on its return to the Finovate stage at FinovateSpring 2022. Financial enablement platform Array…