F|T: The FinTech Times – Grappling with FinTech

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

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

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

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.

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

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

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

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.

JPMorgan Chase to acquire WePay(FINEXTRA)

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.

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

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

Social payments app PayKey secures $10 million funding (FINEXTRA)

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

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

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.

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

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

LendingHome announces infusion of over $450 million(VENTUREBEAT)

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.


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.

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