Everything we do in business is in pursuit of relevance “Life is lumpy.” Robert Fulgrum’s words, not mine. But truer words have not been spoken. Acknowledging the lumpiness and unpredictability of life is not about imparting wisdom by the way. Far from it. Rather it’s about reminding everyone what game we are playing....
Flinks, a Canadian fintech which provides data aggregation services, has landed CAD 16 million ($11.8 million) in a Series A round. NAventures, the corporate venture capital arm of National Bank of Canada, led the round. “One area of expansion will be to integrate a new type of information: wealth data,” says...
Commerzbank is planning a wholesale shakeup of its internal structure cutting 10,000 of its 40,000-strong workforce. Shareholders are now calling for calm at the bank The news follows CEO Martin Zielke and chairman Stefan Schmittmann stepping down from their roles at the top of the German bank earlier this week. The pair...
Penta, an online banking service for German and Italian businesses, has landed €4 million from new investors. Among the new backers is S7V, which has also invested in Spanish neobank Bnext and consumer credit service Addi in the last year. Presight Capital, the international venture arm of Apeiron Investment Group, also...
Mastercard has invested an undisclosed amount in Polish fintech Verestro, formerly called uPaid. The start-up is headquartered in Warsaw with offices in Sofia, NewYork and Sao Paulo. The fintech has worked with Mastercard since 2011, providing payment solutions to banks, merchants and payment providers in 20 markets. Verestro’s CEO Krzysztof Drzyzga says the fintech “owe a lot...
Malaysian fintech Instapay Technologies has signed a partnership with Mastercard to offer electronic wallet accounts to migrant workers. Instapay is aiming for 100,000 customers in its first year Using Instapay Accounts linked to Mastercard, employers will be able to pay digital salaries to their foreign migrant workers. Instapay says that its onboarding...
Starling Bank has launched two new subscription accounts for UK business owners. One offers a “digital banking toolkit”, whilst the other allows users to hold an account in US dollars. The new account offerings cost £7 and £5 respectively The Business Toolkit The UK challenger’s first subscription account can be merged with...
SoftBank’s Vision Fund has reportedly bought an additional stake worth $130 million in the owner of Indian insurance marketplace, PolicyBazaar. Times of India reported the deal based on three sources who said the new investment would give SoftBank a more than 15% stake in the company. The parent company, called EtechAces...
National Bank of Pakistan (NBP) has upgraded its pool management system with ten-year-long partner Codebase Technologies (CBT). NBP is a Pakistani government-owned commercial bank and a subsidiary of State Bank of Pakistan (SBP). It holds roughly $17.2 billion in assets. “ will help our Islamic banking division to be more transparent...
Aldi Nord, the northern European operations of the groceries retailer, has shifted the processing of its in-store card payments to Fiserv. Fiserv has been an Aldi partner for 15 years Aldi Nord operates 2,500 locations in Germany. It also has presences in Belgium, the Netherlands, Luxembourg, France, Poland, Spain, Denmark, and...