Category: Trade & Industry

Whether you attended FinovateEurope last week or were taking it all in via Twitter, there was a lot to glean from the event. With an agenda packed full of demos, panel conversations, fireside chats, and keynote presentations, attendees were able to catch up on the very latest in fintech and banking news and trends. They…

Stepping off the elevator into the Truist Innovation and Technology Center, I was greeted by a futuristic space equipped with virtual-reality simulators, a 3D-printing area, countless workflow- and idea-filled whiteboards and even a self-service, fully digital snack shop. The Charlotte, N.C.-based ITC, located inside the $548 billion bank’s headquarters, brings together its digital, innovation, developer,…

Mangopay acquired Whenthen for an undisclosed amount. The acquisition comes four months after Mangopay bought fraud detection and prevention company Nethone. The two acquisitions are facilitating the launch of Mangopay’s five new products, including Fraud, FX, Orchestration, and Integration; and two new solutions, including Rental Marketplaces and Retail Marketplaces. Payment technology company Mangopay announced it…

Customers have opened 4,000 accounts with finance and technology company Brex since the collapse of Silicon Valley Bank on March 10 as fintechs look to banking providers that understand startups and innovation. The San Francisco-based Brex serves as a provider for Doordash, Airbnb, YCombinator and digital payment and reward fintech Localight, according to its website.…

As the going gets tough for crypto, will the underlying blockchain technology get going? That was one of the top takeaways from the conversation on cryptocurrencies, digital assets, and the blockchain at FinovateEurope in London last week. We may be in a crypto winter – if not, as author Steven Van Belleghem quipped during his…

How has the challenge of digital transformation impacted banks and credit unions in recent years? Has the momentum for change slowed since the peak of the pandemic? How can banks win the “expectations game” with increasingly digital-first customers? These are some of the questions we posed to Savana CEO Mike Wolfel. Headquartered in Malvern, Pennsylvania,…

J.P. Morgan is acquiring investment analytics tool Aumni. While terms of the deal are undisclosed, CNBC reports that J.P. Morgan will pay around $232 million for Aumni. J.P. Morgan expects the buy will bolster its private markets platform for companies, their employees, and investors. J.P. Morgan has agreed to acquire Aumni, an investment analytics tool…

NatWest Group is teaming up with digital identity system OneID to provide an embedded verification system for U.K. clients.  Using the financial institution’s APIs, OneID can retrieve customer information provided when signing up for accounts and services at the $1 trillion, London-based bank to complete third-party forms instantly if they have partnered with the bank,…

Starling Bank is hiring for 1,000 tech-related positions for its newest location in Manchester, England. The $14.6 billion, London-based digital bank employs 2,500 people at four locations, including its London headquarters, Cardiff, Southampton and Dublin locations, according to a bank release. The jobs are in infrastructure, backend and mobile app engineering, Sam Everington, chief executive…

Zeta and Featurespace are partnering to create a solution that combines credit card processing and fraud detection. The new offering will be made available to U.S. credit card issuers. The solution will be available out-of-the-box and will enable issuers to test and launch features in days, rather than weeks or months. Modern core banking technology…