Banks

Hyperplane wants to bring AI to banks

Hyperplane, a San Francisco-based startup that is building foundation models to help banks predict customer behavior, is coming out of stealth today by announcing a $6 million funding round led by for

What’s going on with Greenwood and The Gathering Spot?

The turn of events hasn’t been received well by Black professionals who were part of the TGS community.

Andreessen Horowitz backs ModernFi’s deposit marketplace for banks

ModernFi's marketplace connects the banks to exchange deposits on demand, manage balance sheet size and earn potential revenue.

European banks struggle with AI, while US banks lead the field, according to a new index

In the wake of a seminal wave of new artificial intelligence startups such as OpenAI, a new U.K. company claims it can track and rank banks on their ability to develop and deploy AI platforms. Evident

Link raises $30M to help merchants accept direct bank payments

People are addicted to credit cards — and it’s no wonder, given the lucrative rewards that many of them offer. But for merchants, credit cards tend to be less appealing. That’s becau

US fintech Current introduces high-yield savings where customers earn a 4.00% APY

As competition amid digital banks heats up, U.S. fintech Current is rolling out a new product designed to make its banking service more appealing. The company announced this morning it’s launchi

Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO

Banking is undergoing a huge transformation, and how debt collections operations engage customers is becoming a big issue, especially with things like BNPL schemes. Hundreds of billions of dollars hav

Goldman Sachs leads $23M in funding for Brazilian e-commerce startup Olist

Olist, a Brazilian e-commerce marketplace integrator, has raised $23 million in a Series D round extension led by new investor Goldman Sachs Asset Management that brings its total Series D financing t

Human Capital: The biggest labor stories of 2020

Hellllooooo, 2021! Welcome back to Human Capital, a weekly newsletter that details the latest in the realms of labor, diversity and inclusion. Not a ton happened this week so I figured I’d use the t

Database security startup jSonar raises $50M from Goldman Sachs

Database security startup jSonar has secured $50 million in new funding from Goldman Sachs. The company, with offices in Waltham, Mass. and Vancouver, B.C., will use the new funding to grow its databa

Goldman Sachs predicts brutal second quarter as unemployment spikes above 2 million

Even as the Trump Administration calls for states to not release unemployment data for the month of March, Goldman Sachs on Thursday issued its own predictions on the jobs market and the broader healt

Plaid announces strategic investment from Mastercard and Visa

When Plaid announced its $250 million Series C investment last year, it left out a couple of key investors. Today it revealed that Mastercard and Visa quietly participated in the round. For a company

Venmo launches instant transfers to bank accounts

PayPal-owned payments app Venmo today announced support for instant transfers to U.S. bank accounts. The feature is an optional alternative to Venmo’s standard bank transfer service, which typic

Symphony, a messaging app that’s been a hit with Wall Street, raises $165M at a $1.4B valuation

Slack’s rapid rise and upcoming IPO are clear signs of the ripe opportunity to be had in the field of enterprise messaging. Today, a startup that’s built a messaging product specifically f

Zero raises $20 million from NEA and others for a credit card that works like debit

Just ahead of the launch of the Apple Card, a startup that has its own take on modernizing the credit card industry, Zero, is announcing the close of its $20 million Series A. The new round of funding

Teen debit card Current now acts like a real bank account

Current, the app-controlled teen debit card that’s managed by parents, is starting to look more like a bank. Today, the startup announced it’s now adding to its debit account for teens sup

Video consultation service Doctor on Demand raised $74 million so everyone can see a doctor anytime

Healing America’s broken healthcare industry has been at the top of the priority list for almost every politician, entrepreneur and inventor for at least the past 40 years. Costs continue to cli

Amazon may launch a bank account aimed at teens, says report

Amazon has been in discussions with banks to create a product aimed at teens and other younger users who don’t have their own credit cards, or an interest in applying for one, according to a new

Square’s Cash app now supports direct deposits for your paycheck

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. Case in point, the app just rolled out support for ACH direct depos

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

Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and
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