Incuto bags £1.75m in funding round to support its growth in the UK

Incuto, which aims to provide everyone with access to affordable finance, has closed a £1.75m funding round.

Banking API developer Railsbank rakes in $37m investment

Railsbank, a banking-as-a-service provider, has scored $37m in its funding round to support the growth of its product suite.

Tink names new chairman as Sweden enjoys wave of FinTech success stories

Open banking company Tink has announced Klaus Holse as its new chairman of the board just as Sweden enjoys a surge of FinTech success...

Deloitte study claims just 34% of banks have implemented digital account opening

A new study from Deloitte claims that 34% of banks have implemented digital account opening as a result of the coronavirus pandemic.

nCino and ThinCats take their relationship to the next level

Having already established a partnership to assist with Covid-19 challenges, cloud banking company nCino and alternative mid-sized business lender ThinCats are now expanding their collaboration further.

Neobanks and InsurTech startups among the 23 FinTechs raising money last week

Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.

Hydrogen Technology Corporation receives investment from EML Payments

The Hydrogen Technology Corporation, which builds embedded finance and international payments software, has received an investment from EML Payments.

DoJ files suit to block Visa’s acquisition of Plaid

Visa's $5.3bn acquisition of Plaid was supposed to be one of the biggest FinTech deals this year, but the US Department of Justice seems dead set against it and has filed a suit to stop the deal.

Citi makes its first investment into a Mexican FinTech through Arcus deal

Arcus, which stylises itself as a FinTech-as-a-service platform, has collected an undisclosed investment from Citi Ventures.

Neobank Vivid Money bags $17.6m in Series A

Vivid Money has raised $17.6m in a Series A round led by Ribbit Capital and aimed at boosting the challenger bank's growth.

News Stories

IDnow could have achieved “game-changing” first with new AI identity verification product

RegTech IDnow has unveiled its new identity verification product AutoIdent Substantial.

Global cyber insurance market’s revenue expected to reach $70.67bn in 2030

The global cyber insurance market's revenue is expected to grow at a massive 26.3% compound annual growth rate in the next ten years to reach $70.67bn in 2030.

Executives plan to increase cybersecurity budgets

New PwC research reveals executives plan to invest more in cybersecurity as the fallout of the pandemic makes hack attacks more likely.

Web application hack attacks jumped by 800% in the first six months of 2020

New research reveals that web application attacks increased by 800% between January and June in 2020, compared to the same period in 2019.

Revolut is expanding Revolut Junior so more adults can control children’s finances

Revolut has added the option for a second parent to supervise children's Revolut Junior accounts.

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