UAE’s digital bank Liv launches Kasisto’s AI chatbot
The conversational AI is called Olivia.
Korapay allows Nigerian migrants to send money back home
Currently in the US, but to be expanded to Canada, the UK and Europe.
Klarna’s new platform connects fintechs and 4,300 banks
Single API is the gateway to 14 European markets.
MineralTree closes $50m growth equity investment for AP solutions
The firm has doubled in size throughout 2018.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Goldman Sachs fined £34.3m for misreporting transactions
FCA found the firm made 220.2m errors.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Unlocking a continent of opportunity: digital and mobile transforming Africa’s business landscape
A quiet financial revolution is gathering pace across Africa – stemming from the rise of smart mobile tech.
RCI Bank gains full UK banking licence
RCI Bank, a new savings bank based in the UK’s county of Hertfordshire, has obtained a full banking licence.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
First transactions carried out on blockchain-based Marco Polo network
Delivery triggers irrevocable payment from buyer’s bank.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
Synchrony picks Fundbox to provide B2B credit for merchants
Merchants can apply for up to $100,000 credit.
Nutmeg prepares crowdfunding and international launch
The crowdfunding on Crowdcube will come in summer.
Standard Bank moves over to AWS
All its workloads, including its customer facing and core banking applications.
PayTech Awards: honouring organisations for their social impact
Enter the PayTech for Good Award by 5 April!
BOC granted virtual banking licence in Hong Kong
Livi VB is a joint venture of Bank of China, JD New Orbit Technology and JSH Virtual Ventures Holdings.
Everest to supply KYC platform in Samoa for cross-border transactions
EXCLUSIVE. Everest has landed a major contract with Asian Development Bank (ADB).
YellowDog fetches £2.5m extra in Series A
This news follows the £1.7 million raised in March of last year.
What flat earthers and bankers have in common or “I accept all writing challenges”
Things don’t need you to believe in them to be true or come to pass.
Russia’s first new bank in four years is for internet firms
Approach will combine the payment gateway and payout model.
Succeeding with Advanced Analytics and delivering next level customer experience
Data visualisation, data analytics, and other necessary requirements for modern banking.
ZhongAn licensed to launch virtual bank in Hong Kong
Products will be developed with community input.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Standard Chartered to launch virtual bank in Hong Kong
To be conducted under a new entity in Hong Kong.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
Network International’s LSE float attracts £300m Mastercard investment
Partnership aims to penetrate MEA region.
Webinar: Digital, Data and Disintermediation – Modern Banking
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SDS further expanding compliance solutions business in Benelux
Jump-starting SDS’s compliance solutions business in Benelux with a new deal.
Wiring financial organisations for regulatory success
Firms need to be much bolder in their use of technology; clinging to old methods will only make things worse.
Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
SamePage gains first go-live at Green Deal Finance Company
The loan origination system aims to take the lending platform fully digital.
ING and Bank of Beijing create digital bank in China
Through an investment of $447 million.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
VC financing enables MeaWallet management buyout
Thanks to a “substantial capital injection” from Idekapital
ClauseMatch expands to Asia with Singapore office
It already serves clients with Singapore presence.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
Sayata Labs attracts $6.5m seed funding for cyber insurance tech
Cyber risk assessment solution is described as ‘game-changing’.
