Deal Updates

Pennsylvania-headquartered Altoona First Savings Bank has chosen FinTech and RegTech developer Computer Services, Inc. (CSI), to increase its operational efficiencies and strengthen its regulatory compliance initiatives related to cybersecurity and IT risk management.

Revolut, N26 and Monzo might have entered the US over the years to some extent, but Chime is still dominating the country’s digital bank market.

Israel-based venture capital house FinTLV has raised $120m for its second fund targeting global growth-stage insurtech and fintech companies.

AMTD Digital is reportedly set to acquire a controlling stake in PolicyPal, an InsurTech startup which helps consumers buy, manage and claim.

H4 which creates and analyses documents, has closed a $27m funding round from J.P. Morgan, Goldman Sachs, Barclays and Linklaters.

Rabobank has launched a new €60m strategic investment vehicle which will back early-stage FinTech and food and Agri companies.

Venture capital-backed secure messaging app Symphony Communications has brought its total capital raised to more than $460m thanks to a new round led by Standard Chartered and MUFG Innovation Partners.

Axiom, a provider of technology-enabled legal and contracting solutions, has launched a new regulatory compliance solution to help companies prepare for the General Data Protection Regulation (GDPR).

Uni, a credit card company which is currently in stealth mode, has reportedly raised $18.5m in a funding round.

The new strong customer authentication (SCA) rules snapped into force this weekend. However, Barclaycard has so far not seen any an increase of abandoned transactions or declined payments.