F|T: The FinTech Times – Grappling with FinTech

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BetaKit

IBM partners with Dream Payments to help financial institutions adopt mobile tech

IBM and Dream Payments are rolling out Dream Payments Cloud to US financial institutions.


Stack

STACK RECOMMENDS: ‘There’s no silver bullet here’: Global financial firms still grappling with FinTech challenge, report finds

Only 46 per cent of global financial firms have a strategy in place to address new financial technologies that are disrupting traditional business lines, according to a report from KPMG.


BetaKit

Covera raises $1.5 million to help customers overcome boring insurance shopping

Covera built its platform after finding many people don’t shop around when their existing insurance policies expire.


TechCrunch

Feedzai closes $50M Series C to help banks and merchants identify fraud with AI

Feedzai, which builds machine learning tools to help banks and merchants spot payment fraud, raised the funds from an unnamed VC with additional capital from Sapphire Ventures.


Fortune

Blockchain startup Digital Asset raises $40 million

Digital Asset, which is developing blockchain technology for the financial sector, raised the funds from Jefferson River Capital.


Finextra

JPMorgan Chase to acquire WePay

JPMorgan Chase said WePay will help its small business clients marry software with payments. Upon closing, WePay and its employees will operate as Chase’s payments innovation incubator in Silicon Valley.


BetaKit

Today in FinTech: Zafin launches corporate banking tool, Sensibill partners with Royal Bank of Scotland

This week, two FinTechs made announcements launching new features and partnerships. Here’s the latest on their company updates.


Finextra

Social payments app PayKey secures $10 million funding

PayKey, which enables bank customers to transfer money to friends in chat apps, raised the funding from MizMaa, with participation from other investors.


TechCrunch

Credit giant Experian leads $30M investment in India’s BankBazaar

BankBazaar, which helps consumers compare offers across various banks and non-banking financial companies for products such as credit and debit cards, raised $60 million from Amazon in 2015.


BetaKit

Alex Tapscott joins STK Global Payments as advisor in preparation for token generation event

The STK Token will allow cryptocurrency to be used at brick-and-mortar stores.


Venture Beat

LendingHome announces infusion of over $450 million

LendingHome, a mortgage marketplace lender for homebuyers and property investors, raised a $57 million Series C-2 with participation from previous and new strategic investors, including Sberbank and Noah Holdings Limited.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.