Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.; Financial APIs & Payroll data connectivity for SMBs; Payfac-as-a-Service;

The payfac and PFaaS trends exemplify the effect of software on financial services and other industries: it lowers fixed costs and enables new distribution channels.

In this edition:

1️⃣ Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.

2️⃣ Synctera Announces $18.6M Funding Boost

3️⃣ Apple Card Savings Account's Balance Limit Increased to $1 Million

4️⃣ Financial APIs & Payroll Data Connectivity for SMBs

5️⃣ Payfac-as-a-Service

6️⃣ Navigating Architectural Principles and Deployment Choices in Banking…