FinTech news in AWS category

The new platform, Chainlink Functions, also lets builders run customizable computations on Web 2.0 APIs within minutes through its network, Kemal El Moujahid, chief product officer at Chainlink Labs

Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments, the two firms exclusively told journalist. Ava Labs has also become a member of the AWS Partner Network (APN), giving the firm access to deploy offerings on AWS with more than 100,000 partners in over 150 countries, Wright said. The two companies are also collaborating on events for entrepreneurs and developers through Avalanche Summit, Avalanche Creates and hackathons to help builders build on the blockchain. Ava Labs plans to add its Subnet deployment as a managed service to the AWS marketplace, so both individuals and institutions can launch their own custom Subnets easily.

Solid, which rebranded from Wise in 2021, raised a $63 million Series B round of funding to continue providing its fintech-as-a-service offering for companies wanting to launch and scale their own fintech products.

DSCVR, a blockchain-based social network built on Dfinity’s Internet Computer protocol, has entered the race to build a scalable DeSo platform with $9 million in seed funding led by Polychain Capital. Porter said he made that decision after meeting Dfinity’s president and chief scientist, Dominic Williams, while Porter was working on a blockchain-based smart contract project as a consultant at BCG. His first project was to build a message board on the protocol, which he said exposed him to the need for web3 communities and inspired his decision to build a social network. The communities help NFT projects build hype by airdropping digital assets to DSCVR users, co-founder and CEO Rick Porter told journalist in an interview.

Wagner also noted that the company recently launched a new product line around CRM data sharing and since the company is seeing a lot of traction around its file-sharing capabilities, it is also investing in that as well.

Bank accounts, payments, virtual and physical cards as well as real-time FX rates and digital wallets can be offered HUBUC, because is sits as a layer between the financial partners it works with and the company’s product.

London-based early-stage European VC fund Backed is bolstering its position by adding €75 million to its seed fund, while adding another €75 million via a new follow-on fund vehicle.

Integration with payment providers in sub-Saharan Africa (mainly serving Nigeria, Kenya and South Africa) like Yoco, Paystack and Flutterwave will follow suit, said the chief executive, without giving specifics about when it would roll out the product for the region.

Given that it’s not a big leap between financial services and fintech — indeed, in cities like London which have strong industries in tech and financial services, the two have long competed heavily to recruit technical talent — it’s surprising that we haven’t seen more banks trying to built personalization in house rather than look to a third-party provider like Personetics.