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Regtech SteelEye eyes US expansion

Fresh off a $21 million funding round, London-based regulatory technology provider SteelEye is expanding into the U.S. as it anticipates increased demand for compliance...

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Seattle Bank explores BaaS, embedded finance

Seattle Bank is preparing to enter the banking as a service and embedded finance markets as part of its digital banking and post-core conversion...

KeyBank deploys RPA to halt fraud in real time

Financial institutions are looking to snuff out fraudulent banking transactions in real time as consumers increasingly fall prey to online scammers. To combat this,...

Klarna plans to cut staff, growth plans after losses mount

Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to restructure parts of its...

Open Lending extends AI-powered underwriting

Automation fintech Open Lending has expanded its maximum auto loan terms as more consumers are priced out of the market.  Lenders using Open Lending’s artificial intelligence-powered...

Space, aviation and defence-focused Starburst Venture launches new early-stage fund

Aviation, defence and space-focused venture capital house Starburst Ventures has launched a new early-stage investment fSorry, you need to subscribe to read this article.If...

HarbourVest soars to over $3bn for new US buyout fund, 50% larger than target

HarbourVest Partners has surged past its target for its twelfth flagship US private equity fund to close the vehicle onSorry, you need to subscribe...
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Citizen developers pose opportunities, risks

Citizen developers could prove essential for financial institutions (FIs) looking to ramp up automation efforts while avoiding compliance pitfalls. Banks that test applications using...

Open banking will reach 304M users by 2026

Open banking is predicted to grow nearly 680% by 2026 to 304 million users as regulations, technology and consumer awareness of their data improves....

HIG out raising fourth mid-market LBO fund, picks up Ohio pension commitment

HIG Capital is back in the market with the follow-up to its $3.1bn mid-market buyout fund closed in 2019. The firm has pSorry, you need...

Transactions: Farmers & Merchants Bank selects Fiserv’s Mobiliti

The $336 million Farmers & Merchants Bank of Colby, located in Colby, Kan., is one of seven financial institutions that chose Fiserv’s Mobiliti mobile...

Truist improves CX with smartphone biometrics

Truist is enhancing its mobile banking capabilities to allow customers to validate their identities online, at the branch or an ATM. The Charlotte, N.C.-based...

Mastercard’s Finicity speeds data sharing for lenders

Finicity, a wholly owned subsidiary of Mastercard, is partnering with banks to allow customers to instantly verify their identities, employment status and assets for...
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