Banking-as-a-service (BaaS) vs embedded finance
Banking-as-a-service (BaaS) and embedded finance have become two of the biggest buzzwords/solutions. However, there seems to be a confusion about how they differ from one another.
CleverTap secures $26m Series B at a company valuation of over $150m
Customer lifecycle management platform CleverTap has secured $26m for its Series B round of funding, valuing the company at more than $150m.
SmartSearch U.S. has boosted its AML offering on the back of new money laundering...
RegTech company SmartSearch U.S, has improved its anti-money laundering (AML) offering on the back of Congress passing new financial crime laws in January.
IKEA forays into banking sector with a 49% stake in Ikano Bank
Expanding its business into other areas, Swedish furniture giant IKEA has entered the banking space by acquiring a 49% stake in Ikano Bank.
Billogram picks up $1.18m for smoother invoicing
Swedish invoicing startup Billogram has raised $1.18m in a round of venture funding. The capital comes from Edstra Venture Capital and angel investors.
Datia secures $3.4m for ESG reporting
Swedish climate FinTech Datia has raised $3.4m in a seed funding round to streamline ESG workflows.
VC3, Westgate launch spin-off Cognito Forms, alongside investment
IT managed solutions developer for the government sector VC3 and private equity firm WestView Capital have launched a new spin-off Cognito Forms.
Leading US banks to pilot low credit score credit scheme
Some of the biggest US banks have signed up for a government-supported pilot program aimed at using alternative data to provide credit for people with low or no credit score.
Study finds majority of SMEs want human-digital hybrid banking approach
A study by Cynergy Bank has found up to 78% of SMEs want the digital transformation of banking to be balanced with a human constituent to offer a hybrid approach.
Digital banking solution Alkami Technology closes $140m in funding
Cloud-based digital banking solutions provider Alkami Technology has scored $140m in a funding round led by D1 Capital Partners.
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