The bank plans to cut costs by switching to a new platform developed by startup Thought Machine; Lloyds has held...
Banking as a service is one of the hottest trends in fintech today with fintechs, service providers and banks all...
UK fintech investment dropped 39 percent for the first half of 2020 to $1.84bn, down from $3bn in the first...
The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.
Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.
Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.
Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.
And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.
UK based digital banking startup Thought Machine has raised a $83mn series B funding round led by Draper Esprit; the...
Digital banking and cloud based banking solutions are seeing a big uptake with the current crisis; Paul Taylor of Thought...
Thought Machine has raised another $42 million, an add-on round to its Series B announced in March, taking their total...
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·In this analysis, we focus on Goldman Sachs launching an institutional embedded finance offering within Amazon Web Services, and Thought Machine raising a unicorn round for its cloud core banking platform. We explore these developments by focusing on the emerging role of cloud providers as distributors of third party software, think through some of the implications on standalone fintechs and open banking, and check in on AI company Kensho. Last, we highlight the difference between Web3 and Web3 approaches to “cloud”, and suggest a path as to how those can be rationalized in the future.