Deals and Dollars: Socure pulls in $450M, catapults valuation to $4.5B
It was a diverse week for fintech funding, with hundreds of millions of dollars pouring into identity verification and buy...
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AvidXchange targets credit unions with AI-enabled automation solution
Payment automation company AvidXchange is targeting credit unions with a customized offering that streamlines the invoice-to-pay process. The pandemic-induced spike...
BMO’s cloud-first strategy reduced costs by 30%
Five years ago, BMO launched a cloud-first strategy that today is leading to more IT automation with an annual cost...
Blend partners with Ocrolus to automate mortgage lending
Cloud banking platform Blend is partnering with document automation company Ocrolus to accelerate the digital mortgage lending process, particularly loan...
As Plaid network expands, accounts and connected apps change
The lines have begun to blur at Plaid: The API platform and data network provider fintech typically connects financial institutions...
Temenos trends: More banks push core conversions
Core and digital banking provider Temenos is seeing a surge of interest in new cores from financial institutions looking to...
Argentine fintech Ualá buys Mexican bank ABC Capital
Argentine financial services startup Ualá has reached an agreement to buy Mexican bank ABC Capital SA, as part of its...
Partner integrations could give MS cloud platform an edge
Microsoft Cloud for Financial Services hit the market Monday, boasting a list of partners that offer integrations, including digital banking...
Automation may reduce racial bias in lending
Automation may reduce racial bias. That is according to a recent study of Paycheck Protection Program (PPP) loans — a...
API-based solutions aim to accelerate ‘broken’ processes at FIs
Two application programming interface (API)-based solutions launched last week can help banks and financial institutions (FIs) fix what their developers...
