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Small Businss Banking Secures New FinTech Unicorn

PYMNTS

There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. Investors found promise in startups that target financial institutions (FIs) with software to improve their own services, as well as FinTechs that offer small business solutions by wielding their bank data.

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How FinTech Apps Can Ace Security

PYMNTS

Purchasing software can require upfront investments that are beyond the budgets of some smaller firms, while hiring specialist teams could be expensive in the long run, given that employee costs tend to rise more quickly than other budget areas. How Mobile Financial Startups Can Bridge the Security Gap. Around the AML/KYC Worl d.

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EU Rule Change Could Boost Software Investment at Banks

Bank Innovation

New rule changes under discussion by European Union regulators could allow EU banks to invest more in software, allowing them to better fight against cyber attacks, as well as to keep pace with fintech firms. EU regulators are presently considering changes to banking laws that classify software as a cost, rather than an investment.

Software 273
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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Fiserv partnered with Central Payments LLC , a BAAS provider for fintech, and sold its Frontier Reconciliation and Accurate Reconciliation solutions to Trintech. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA. MeridianLink acquired mortgage software provider OpenClose.

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Fintech Deals to Watch: Back to School

Gonzobanker

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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Red Hat: Open-Source Software Poised To Play A Bigger Payments Role

PYMNTS

Part of that future seems likely to involve open-source software, and that’s why PYMNTS recently caught up with Arvind Swami, director of FSI for Asia-Pacific at Red Hat. The company made news over summer when IBM closed its $34 billion acquisition of the open-source software firm. It’s easy to consume, and highly usable.”.

Software 132
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SMB Banking-as-a-Service Ushers In Bank-FinTech Collaboration

PYMNTS

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality. StreetShares.

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