Top

Category: Activity


Activity, Investment Banking

Iowa bank failed because of trucking investments

December 11, 2023

Via: Banking Dive

As trucking firms seek to move past sluggish conditions, the market continues to claw at loan repayments and carriers’ ability to survive. The failure of Citizens Bank of Sac City, in Iowa, last month and credit risks with some banks’ […]


Activity, Corporate Banking

US fintech start-up CapitalOS emerges from stealth with $39m in equity and debt financing

November 30, 2023

Via: FinTech Futures

The equity round was led by Group 11 with participation from Upper90, Vera Equity, Slow Ventures and angel investors from other fintech companies. Founded by former employees of Microsoft, Stripe, Lyft and Tipalti in 2022, CapitalOS says its software enables […]


Activity, Retail Banking

Apple’s partnership with Goldman Sachs is reportedly nearing its end

November 29, 2023

Via: FinTech Futures

The US tech titan has proposed ending its credit card and savings account partnership with the bank within the next 12 to 15 months, according to sources at the Wall Street Journal and CNBC. The pair first came together back […]


Activity, Corporate Banking

HSBC launches $150m venture debt product for high-growth scale-ups in Australia

November 28, 2023

Via: FinTech Futures

Launching this month, the bank has allocated $150 million (AUD 227 million) to lend between $6.6 million and $19.8 million to late stage venture capital-backed companies operating in the technology and new economy sectors. Venture debt forms an attractive alternative […]


Activity, Investment Banking

Shareholders give Metro Bank refinancing deal the green light

November 28, 2023

Via: FinTech Futures

The £925 million refinancing plan, compiled by Morgan Stanley and Moelis, comprises a £325 million equity capital raise and £600 million in debt financing. It also raises the stake of the bank’s largest shareholder, Colombian billionaire Jaime Gilinski Bacal’s Spaldy […]


Activity, Retail Banking

Small business card debt has risen: Bank of America

November 17, 2023

Via: Payments Dive

Bank of America attributes the rise in small business credit card balances in part to increased spending in 2021 and the first half of 2022. The report focused on small businesses noted that credit card spending has remained at about […]


Activity, Investment Banking

Silverflow’s innovative cloud-based payments processing platform raises €15 Million investment led by Global Paytech Ventures

November 16, 2023

Via: PR Newswire

Silverflow, a cutting-edge payment processing technology company, has secured a €15 Million investment led by industry veterans and payments experts at Global Paytech Ventures. Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors also participated with a valuation […]


Activity, Investment Banking

UK challenger Monument Bank completes £40m Series B raise, eyes more funding

November 9, 2023

Via: FinTech Futures

The round also saw existing investor Dubai Investments acquire an additional 7.68% equity stake in the challenger, increasing the group`s holding in the bank from an initial 9.25% to 16.93%, subject to regulatory approvals. While the latest funding has taken […]


Activity, News, Retail Banking

Goldman Sachs reportedly seeks new issuer for General Motors credit card

November 9, 2023

Via: FinTech Futures

The programme serves purchasers and owners of General Motors vehicles, enabling them to earn rewards on their spending through the GM credit card. Goldman Sachs beat out a small number of bidders, including Barclays, in October 2020 to purchase the […]


Activity, Corporate Banking

Bluevine rolls out high-yield interest rate for SMBs

November 8, 2023

Via: Banking Dive

Bluevine on Wednesday announced the launch of Bluevine Premier, a high-yield checking account for small-business owners that offers a 4.25% annual percentage rate on balances up to $3 million. The offering pairs a high return with cash flow flexibility, two […]


Activity, Corporate Banking

UK challenger bank OakNorth launches new business banking offering

November 7, 2023

Via: FinTech Futures

The offering pairs “overlooked and underserved” founders and C-Suite executives with an OakNorth business partner, who will collaborate with the client to understand their business needs and goals, and provide tailored information on what the bank can offer. The product […]


Activity, Investment Banking

Atom Bank on track for balance sheet growth following £100m equity raise

November 2, 2023

Via: FinTech Futures

The bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, took part in the private capital raise. The trio of investors previously enabled the bank to secure £105 million in funding last year across two capital raises. Atom says the […]


Activity, Investment Banking, Regulations

SEC investigates Wells Fargo’s cash sweep feature

November 1, 2023

Via: Banking Dive

The Securities and Exchange Commission is investigating the cash sweep options Wells Fargo provides to investment advisory clients at account opening, the bank disclosed in a regulatory filing on Tuesday. Wells Fargo Advisors offers a sweep feature with three options […]


Activity, Retail Banking

Early Warning’s digital wallet offering Paze readies for launch as the US’ biggest banks look to fend off Big Tech

October 30, 2023

Via: FinTech Futures

Named Paze, the new service will be offered by participating financial institutions in a bid to deliver an improved payment experience for consumers shopping online and fend off the growing advances of Big Tech giants in the financial services space. […]


Activity, Retail Banking

PayPal to sell Happy Returns to UPS

October 27, 2023

Via: Payments Dive

Together, UPS and Happy Returns will help provide “easy digital experience and established drop-off points with UPS’s small package network and footprint of close to 5,200 The UPS Store locations,” UPS CEO Carol Tomé said in a press release. Using […]


Activity, Corporate Banking

Capital One leapfrogs Citi in small-biz banking satisfaction

October 26, 2023

Via: Banking Dive

Banks are more effective in helping small-business owners navigate the present market conditions with improved digital tools and more supportive relationship managers, the J.D. Power 2023 U.S. Small Business Banking Satisfaction Study published Thursday finds. Compared to last year, small-business […]


Activity, Channels, Corporate Banking

BNP Paribas and 321founded partner to launch marketplace payment management fintech Panto

October 24, 2023

Via: FinTech Futures

Launching initially for European B2C e-commerce firms, the Paris-based fintech will provide a full-service payment platform enabled via API integrations. Its core suite will include cash-in features such as support for multiple payment acceptance capabilities and cash-out features such as […]


Activity, Retail Banking

JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US

October 23, 2023

Via: FinTech Futures

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their […]


Activity, Corporate Banking

Citi taps Navan to launch travel and expense system for commercial clients

October 20, 2023

Via: FinTech Futures

Navan’s travel and expense management solution has been combined with the bank’s commercial card offerings by leveraging Navan Connect, its card link technology. This new system will initially be available only to US-based commercial clients. “Citi and Navan are now […]


Activity, Corporate Banking

Trovata partners with JPMorgan to simplify treasury management

October 18, 2023

Via: Banking Dive

Enterprise cash management fintech Trovata has partnered with JPMorgan to provide the lender’s corporate investment banking customers with a new level of automation for the office of the CFO, the firm announced Tuesday. JPMorgan Treasury Workstation and JPMorgan Multibank Reporting […]