myTU Raises €10M in Oversubscribed Series A to Accelerate Growth

Digital banking platform myTU secures €10M in Series A funding, exceeding its original €9M target Investment led by existing shareholders increasing their stakes, alongside new strategic investors in payments and mobility Funds will support expansion into acquiring, lending, and preparations for a full banking license in Lithuania myTU expects to reach profitability in 2025 myTU, an AI-powered and cloud-first digital bank, has secured a €10 million Series A, surpassing its initial €9 million target in...

Wells Fargo Expands Its Commercial Banking Transformation with Q2

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced that Wells Fargo (NYSE: WFC) has launched a commercial banking platform designed to improve bankers’ ability to serve commercial clients, and increase collaboration and efficiency. “Wells Fargo is committed to delivering superior value to our commercial banking clients,” said Mary Katherine Dubose, EVP and Head of Commercial Banking Specialized Industries, Wells Fargo. “We are excited to partner with...

Backbase Integrates Feedzai for Stronger Fraud Prevention

Backbase, a provider of engagement banking solutions, announces a strategic partnership with Feedzai, a company providing AI-native fraud prevention solutions, aiming to support financial institutions in addressing digital fraud while maintaining operational efficiency in customer interactions. The collaboration integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking Platform, offering financial institutions tools designed to enhance fraud prevention, support secure banking environments, and optimize digital customer experiences. “By combining Backbase’s engagement banking expertise with Feedzai’s advanced security capabilities, we’re giving...

Mambu acquires payment technology provider Numeral

The acquisition marks a strategic move by the cloud banking leader to extend its payment capabilities for customers, as Mambu eyes market expansion and accelerated growth in support of long-term plans. Numeral’s platform will be integrated into Mambu’s core banking offerings, with advanced payment solutions technology, to accelerate and advance the next generation of financial products. Mambu, a leading cloud banking platform, has announced the acquisition of Numeral, a French payment technology provider for banks and...

10x Banking, Alloy Partner to Bring Cloud Risk Decisioning to Finance

10x Banking, the cloud-native core banking platform, has partnered with Alloy, a leading identity and fraud prevention platform, to deliver a next-generation customer onboarding, perpetual KYC and KYB monitoring, and credit decisioning platform for financial institutions globally. The partnership combines 10x’s pioneering meta core platform with Alloy’s leading solutions for managing identity risk throughout the customer lifecycle. 10x’s solution powers major financial institutions globally, including Chase UK and Westpac, and provides banks with the fastest, most cost-effective path to cloud-native...

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