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BankBazaar Turns 15: Celebrating a Decade and a Half of Innovation and Diversity

BankBazaar

And as they say, the rest is history! $60 Million Jackpot: Funding Frenzy in 2015 Fast forward to 2015, and BankBazaar struck gold with a whopping $60 million in Series C funding. With this innovation, customers could complete the Know Your Customer (KYC) process online, swiftly and effortlessly.

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Corporate Payments Firm AccessPay Secures US Backing

PYMNTS

“The problem we continue to see are these services operating in total isolation to one another, which often means the corporate is faced with exposure to security, greater risk and complexity in day-to-day operations,” he said in a statement. Corporate payments have not seen the same level of innovation as consumer payments.

Security 143
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Why Invisible Will Make 2020’s Payments Innovation Roar

PYMNTS

Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Sometimes those innovations disrupted old models and players; other times they made them better and more efficient. The Invisible Innovators .

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SWIFT Mitigates Four More CSDs to Network

Bank Innovation

Financial services company SWIFT announced today that it has mitigated four additional capital depositories onto its Target2 Securities, or T2S, network. The four CSDs, which will start live operations on SWIFT T2S, marks the last four to move to the network since the migration plan first begun in June 2015.

Capital 225
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Capital One, Wells Back B2B ePayments Startup

PYMNTS

Capital One, Wells Fargo, Fifth Third, PNC and TD, along with Safeguard Scientifics, each contributed equally to the $30 million investment round, announced on Sunday (April 17), bringing Transactis’ total funding up to $70 million. are electronic. PNC Executive Vice President for Treasury Management James G.

Capital 100
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Lookiero Shopping Service Secures $19M In MMC-Led Round

PYMNTS

Founded in 2015 by Spanish entrepreneur Oier Urrutia, the company uses algorithms to provide users with a personalized online shopping experience. This investment round provides us with the necessary capital to further increase the accuracy of our technology, which is really exciting.

Security 122
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Flip secures $55 million in Series B extension round

Bank Activities

The total funding secured through Series B round amounts to more than $100 million. The company states that the additional funds will be directed toward team development, product and technology innovations, and expansion of its operations. The Series A funding round was held in 2020 and led by Sequoia Capital India.