Category: Trade & Industry

SoFi is saying, “Welcome home!” to Wyndham Capital Mortgage this week. The California-based fintech acquired the mortgage lender yesterday in an all-cash transaction for an undisclosed amount. Headquartered in North Carolina and founded in 2001, Wyndham Capital has worked with more than 100,000 borrowers. SoFi, which is acquiring Wyndham Capital’s technology and its employees, expects…

Amsterdam-based digital bank bunq announced plans to expand to the U.S. The bank will be targeting the population of five million European expatriates living in the U.S. Since launching in 2012, bunq has expanded to more than 30 markets in Europe and now facilitates payments in 16 different currencies. Amsterdam-based digital bank bunq announced this…

Financial institutions are working to fill the gaps brought to light by the failure of Silicon Valley Bank, bringing to market new deposit diversification solutions, treasury management tools and customer experience offerings. But existing solutions are also finding new demand, Brex Chief Financial and Chief Operating Officer Michael Tannenbaum told Bank Automation News. For example,…

Proper data management is something all financial institutions strive for, but it is not easily achieved due to data siloes and drift.    While the process of organizing and gathering the right data can set banks apart from their competitors, using the right tools to accomplish this is critical, and something all FIs need to…

EverC announced a new investment and strategic partnership with Kroll via the & Opportunity Fund. The partnership will combine Kroll’s expertise in the risk and advisory space with EverC’s “transaction laundering” technology. Headquartered in New York and Israel, EverC was founded in 2008. Risk intelligence and insights company EverC announced both a new investment and…

Why you need one, what to look for and how to select the best digital banking platform to support your digital banking strategy heading into the new year. The concept of digital transformation in banking has evolved from simply offering a web or mobile version of the branch, to being able to provide digital banking services that…

Grasshopper Bank has secured a new fintech client thanks to Treasury Prime’s OneKey platform, which allows fintechs greater visibility of their accounts across multiple banks.  The $606 million bank began beta testing OneKey in March 2022. The tool assisted Grasshopper in sealing the deal with its new client, Chief Digital Officer Chris Tremont told Bank…

Acorns is acquiring U.K.-based kids financial wellness tool GoHenry. Financial terms of the deal were undisclosed. The deal is expected to facilitate Acorns’ international expansion and will build its presence in the youth market. Automated savings and investing app Acorns announced today it acquired kids money management app GoHenry. Financial terms of the deal, which…

Thirteen Finovate alums raised more than $453 million in funding in the first quarter of 2023. Q1 of this year topped last year’s first quarter total but fell short of the massive amount of capital raised by a sizable number of Finovate alums in the first quarter of 2021. Previous quarterly comparisons Q1 2022: $365…

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