FinTech firm plaid waises $44m
Plaid Technologies Inc.has raised $44 million in a new round led by a fund at Goldman Sachs Group Inc. Read more: www.wsj.com
Bank of England seeks to innovate services via new FinTech Accelerator
The Bank of England announced the launch of a new Fintech Accelerator on 17 June looking to support businesses able to help it innovate central banking.
Five FinTech start-ups aiming to replace traditional banking
According to recent data from Accenture, funding for FinTech companies reached a staggering £3.7bn in the first quarter of 2016 alone. Read more: econsultancy.com
The Evolution of FinTech and the Financial Ecosystem
Senior Deputy Governor Carolyn Wilkins calls for the public and private sectors to work closely together to realize fintechs full benefits and minimize its risks. Read more: www.bankofcanada.ca
SB of India launches fund for FinTech startups
State Bank Of India launches a Rs 200 cr fund for Fintech startups. Read more: yourstory.com
BoA plans to cut 8,000 Jobs as FinTech replaces humans
FT: Bank of America Plans to Cut 8,000 Jobs as Fintech Replaces Humans. Read more: www.newsmax.com
Will Banking and FinTech Merge or Collide?
Financial services technology disruption isn’t exclusive to wealth management. The impact that fintech, and tech in general, has had on banking. Read more: www.business2community.com
AMMA leads $9m round in P2P payments provider Tapp Commerce
Australia-based AMMA Private Equity has led a $9m financing round in Finnish mobile payment app Tapp Commerce.
Pine Brook, 1/0 Capital among $30m Better Mortgage Series A backers
Online home financing startup Better Mortgage has picked up a $30m round of investment from backers including 1/0 Capital and Pine Brook Partners, it is understood.