The Week in Review

The Week in Review

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.

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.

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.

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.

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.