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Voleo and Nasdaq to launch equity trading competition

Money coins piled up

Social investing platform Voleo has teamed up with Nasdaq to launch its Voleo Equity Trading Competition – with winning investors and investing teams getting $10,000 in real cash portfolios, reports David Penn at Finovate (Banking Technology‘s sister company). “The goals of the competition are to improve financial literacy, to break down the knowledge barrier, and […]

Three US credit unions added to Finastra client list

Finastra gains live site in China

Three credit unions in the US have signed for the lending software from Finastra (formerly D+H Corporation and Misys). These are Central Florida Educators Federal Credit Union, TruMark Financial Credit Union and Evansville Teachers Federal Credit Union.

Snapsheet and KeyBank form virtual duet for insurance claims

KeyBank

Snapsheet, a virtual claims insurtech provider, is partnering with KeyBank for the launch of Snapsheet Transactions, a payment solution for insurance claims. Instead of insurance carriers sending claimants a cheque in the mail once a claim is settled, Snapsheet Transactions provides carriers a hub for issuing claims and expense payments. CJ Przybyl, president of Snapsheet, […]

Live Oak and First Data open up to digital banking with Apiture JV

It isn't science, it's digital banking

International paytech firm First Data and a bank in North Carolina, Live Oak, have partnered to form a new digital banking joint venture (JV) called Apiture.

Bank of the West in major tech modernisation

New core banking software

EXCLUSIVE: Bank of the West, a large regional bank in the US and a subsidiary of BNP Paribas, is embarking on a major tech overhaul with Infosys, it is believed.

Blooom surpasses $1bn in assets under management

Blooom

Wealthtech company Blooom says it has surpassed the $1 billion assets under management milestone.

Chime pulls in $18m, surpasses 500,000 bank accounts

Chime 1

Chime, a mobile banking challenger that says it helps customers avoid fees and automate their finances, has raised $18 million in Series B financing, led by global venture fund Cathay Innovation, reports Paybefore (Banking Technology‘s sister publication). The company, co-founded by prepaid veteran Chris Britt, also reported that more than 500,000 bank accounts have been opened since […]

CFPB financial well-being report underscores US industry opportunity

Too much debt

The Consumer Financial Protection Bureau (CFPB) has released its first national survey on the financial well-being of US consumers and a tool to help consumers see how they stack up, reports Paybefore (Banking Technology‘s sister publication). More than 40% of US adults struggle to make ends meet, according to the survey. The survey created financial […]

Stockpile raises $30m to boost millennial stock ownership

Stockpile

Millennial-focused brokerage firm Stockpile has pulled in $30 million this week in a Series B funding round led by Fidelity.

Pindrop releases “next-gen” Phoneprinting with machine-learning might

Pindrop

Pindrop has released Pindrop Protect 4.0, which includes its patented high-definition Phoneprinting technology that analyses more than 1,300 features of a call’s audio to detect the subtle anomalies that indicate fraud, and determine the device type, geolocation and carrier.

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