CXA lands $25m for employee benefits and insurance platform
Corporate insurance and benefits platform CXA has raised $25m in its Series B round. B Capital Group and EDBI co-led the investment. Read more: www.fintechroundup.com
Big banks try to beat ‘Robo-Advisors’ by joining them
Increasingly, Wall Street is launching stand-alone financial advice services as smaller competitors target a key business. Read More: www.cnbc.com
PayPal launches mobile app for small businesses
PayPal is giving its merchant-clients an upgrade. This week the company launched PayPal Business app. Read more: www.bankinnovation.net
Goldman Sachs Investment Partners leads $44m round for fintech business Plaid
Goldman Sachs Investment Partners has led a $44m financing round for venture capital-backed fintech ecosystem business Plaid Technologies.
Nigerian retail banking sector to see 92% disruption by FinTech
Retail banking and fund transfers in Nigeria are the two biggest areas that are most likely to be affected by FinTech over the next five years. Read more: www.cryptocoinsnews.com
DocuSign unveils invest for Japan initiative
DocuSign committed to further local investment to help accelerate digital transformations across Japan. Read more: www.prnewswire.com
UK’s Sage says may sell North American payments business
British software company Sage Group is evaluating potential strategic options for its North American payments business, including a sale. Read more: www.reuters.com
Xero to launch accounting bot for Facebook and others
The more than 700,000 users of accounting software Xero will soon have a Facebook Messenger bot to access their business data and hire financial professionals. Read more: venturebeat.com
The £3bn FinTech opportunity in the UK SME market
It’s not just big banks and corporations FinTech startups are trying to serve. Small and medium sized enterprises (SMEs) offer a massive market for FinTech companies. Read more: fintech.global
Citi introduces Touch ID
Citibank announces the launch of Touch ID Sensor authentication service in Hong Kong, allowing for a full suite of mobile banking services. Read more: www.fintechranking.com