Deutsche Bank Jumps Back Into Payments With Fiserv Deal
Patricia Kowsmann, 21 June 2021
Deutsche Bank AG wants to get back into the suddenly valuable business of digital payments, nearly a decade after getting out of it.
Germany’s largest lender is setting up a joint venture with U.S. payments giant Fiserv Inc. to offer customers payments-processing services. The joint venture will allow Deutsche Bank’s business clients to accept payments from customers, both in person and digitally, through Fiserv’s platform called Clover, which reads credit cards, debit cards and mobile wallets, and records orders and inventory. Continue reading “Article: Deutsche Bank Jumps Back Into Payments With Fiserv Deal”
Fintech startup Feedzai valued at $1 billion in KKR-led funding round
Anna Irrera, 24 March 2021
LONDON (Reuters) – Financial technology group Feedzai said on Wednesday it had raised $200 million in a round led by investment company KKR valuing the startup at more than $1 billion.
Existing investors, including Sapphire Ventures and Citi Ventures, also participated in the round, the San Mateo, California-headquartered company said.
Feedzai develops artificial intelligence and machine learning technology that helps banks and other financial firms to spot and prevent payments fraud, money laundering and other types of illicit activities. Continue reading “Article: Fintech startup Feedzai valued at $1 billion in KKR-led funding round”