Friday July 5, 2019 –
Here are the new and noteworthy stories we have been following this week.
BIS to set up network of Innovation Hubs
The Bank for International Settlements (BIS) is setting up a network of Innovation Hubs in major financial locations to help central banks understand and address the policy implications of new technologies.
https://www.finextra.com/newsarticle/34052/bis-to-set-up-network-of-innovation-hubs
Jack Henry acquires Geezeo
Jack Henry has acquired Geezeo, a provider of retail and business digital personal financial management solutions to augment its offering to its core banking and non-core banking clients.
https://www.finextra.com/pressarticle/79019/jack-henry-acquires-geezeo
Uber partners with BBVA, Mastercard to offer debit cards in Mexico
Uber is working with BBVA and Mastercard to launch a debit card for drivers in Mexico to support ‘bancarisation’ and allow drivers to get paid efficiently and promptly.
Currencycloud, the API for cross-border payments, has raised ~£32M in first part of a Series E round
Cross-border money transfer and FX provider CurrencyCloud has reportedly raised £32 million in the first part of a Series E round possibly led by Goldman Sachs with follow-on investment from Google and Santander.
https://techcrunch.com/2019/07/02/hey-you-get-off-of-my-series-e-cloud/
NCR Acquires D3 Technology
NCR has acquired D3 Technology, Inc., a provider of online and mobile banking solutions for the Large Financial Institution market expanding its digital banking reach into the large bank space.
https://finance.yahoo.com/news/ncr-acquires-d3-technology-120000174.html
Utah Becomes Second State to Launch Fintech, Blockchain Sandbox
Utah is launching a regulatory sandbox to allow fintech startups working in lending, money transmission, and blockchain / digital currencies to test new products or services without first obtaining state licenses.
U.K.’s Oldest Peer-to-Peer Lender Zopa Plans Fundraising, IPO
Zopa is planning to raise upto $253 million as it pursues a UK banking license and works towards an IPO in early 2021.
Kabbage Expands Funding Sources with New $200 Million Revolving Credit Facility
Kabbage has closed on a $200 million revolving credit facility from a subsidiary of a leading life insurance company to support its continued growth.
Adyen Announces Support for Interac® Debit via Apple Pay and Google Pay; Expands Partnership with foodora Canada
Adyen is adding Interac Debit on Mobile for In-app and In-browser as a payment method for Canadian merchants.
