US gears up for open banking revolution but why should wealth managers care?
With the Consumer Financial Protection Bureau’s (CFPB) proposed changes to personal financial data rights, open banking could soon make its way to the US As firms in the country get excited about the development, should wealth managers be taking note?
PayTech Sokin joins Arsenal Football Club as money transfer partner
UK-based global payments provider Sokin has teamed with Arsenal FC to become its new official money transfer partner.
Penta raises €2.2m, sees PSD2 as a way to fix ‘broken banking’
German challenger bank Penta has closed a €2.2m Seed financing round, just a month after it launched in Germany.
Playbook said to raise $6m in funding to help people improve their savings
Playbook, which is designed at helping young people better build their wealth, has reportedly scored $6m in its seed round.
Ascensus makes second acquisition this year
Retirement savings technology developer Ascensus has agreed to acquire Chard Snyder, an employee benefit system.
BNPL firm equipifi bags $3m seed to extend market footprint
Arizona-based buy now, pay later (BNPL) company equipifi has raised $3m from a seed funding round led by New Stack Ventures.
Mobile banking app Numbrs closes new funding round
European Mobile banking app Numbrs has raised a new undisclosed round of funding, which brings its total funding efforts to $150m.
Neobank Kaleidofin bags $10m Series B
India-based neobank Kaleidofin has raked in $10m from a Series B headed by the Michael and Susan Dell Foundation.
Retail investing app Newchip secures $2m in Seed funding round
Business and real estate investment marketplace Newchip has secured $2m in its Seed funding round.
Klarna launches dedicated open banking unit
Global retail bank, payments and shopping service Klarna, has launched Klarna Kosma, a sub-brand and business unit to harness the growth of its open banking platform.
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