BBVA Leads Funding For Bank-FinTech Collab
Summary
“We are seeing more investment in B2B FinTechs as there is evidence around the productivity and savings they can provide to banks, particularly as it relates to the payments value chain,” said Julian Skan, Accenture practice senior managing director, in a recent interview with PYMNTS. SolarisBank broadens the definition of banking without sacrificing security and reduces the friction associated with cash,” said Matt Dill, SVP, Digital Partnerships at Visa, in a statement. The company developed an open B2B commerce protocol to interconnect business data on blockchain technology and facilitate transactions throughout a global supply chain. We are super excited that Mosaic and BlueYard are leading this round — their expertise in the blockchain and decentralized internet space is a tremendous asset for Centrifuge.” The company said it plans to use the investment to expand its team in Germany, where its engineering and product staff are based. We have formulated a way to efficiently serve this underbanked population and are working toward facilitating their access to credit,” said Mohit Sahney, founder and CEO, Finova Capital, in a statement.
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