Plug and play platform FintechOS raises £10.7m
The start-up enables banks and insurance companies to compete with challengers.
Artificial Intelligence/AI
Montréal’s FlexPay raises $6m in seed round
The fintech says 24% of recurring credit card transactions are falsely declined.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
BNY Mellon connects custody capabilities with SimCorp to improve data transparency
BNY Mellon and SimCorp expect mutual global clients out of the partnership
Nets pilots facial recognition for payments with Danish office workers
Office workers will pay for their lunch using their face.
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
The driverless bank
A truly digital organisation can live without one of the five P’s that typically creates friction.
Appian Europe 2019: KPMG says banks’ digital literacy is “very low”
KPMG says 80% of bank employees don’t know what unstructured data is.
Unpacking Europe’s 2019’s major tech milestones with NIIT
FinTech Futures breaks down this year’s trends with Gautam Samanta at NIIT.
Private bank for YouTubers and high-net-worth youngsters 220 to launch for users next year
There is strict criteria to join the private banking community.
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
Russia’s Sberbank inks contract with driverless car tech firm
The Russian bank will challenge Yandex which currently has the monopoly.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
European Investment Fund dedicates €100m to AI and blockchain
The EIF wants to address the blockchain and AI ‘financing gap’ in Europe.
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
Bank ABC launches digital challenger ila Bank in Bahrain
Less than two years ago Bank ABC promised to “transform banking”.
Co-operative Bank launches personalised loan marketplace with Freedom Finance
Successful applicants “could receive funds the same day”.
Artificial intelligence and natural reluctance
AI prize: building a future-proof organisation with a right to not just survival but also success.
How to land a job in fintech
Expectations for fintech candidates have changed significantly.
Automation Anywhere raises $290 million in Series B round
RPA firm has previously had funding from SoftBank.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
Deutsche Bank already using robots as it gears up to cut 18,000 jobs
AI has “massively increased productivity” for the bank.
Machine learning vs human experience in invoice finance
Be wary of a lender with no human face as there’s always the odd unforeseen complication.
Decisioning platform Funding Xchange raises £8m
Former dairy farmer Katrin Herrling set up the company after the financial crisis.
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
Irish start-up Siren gets $10m Series A
It’s paired with Siren’s new board member, Bob Griffin.
How is AI augmenting compliance practices?
SAS are seeing early AI entries in the Regtech space.
AML start-up Silent Eight raises $6.2m in Series A funding
The round included Standard Chartered’s SC Ventures.
Former FCA exec says banking tech could lead to discrimination
Diverse hiring practices would help address discrimination by financial technologies.
India’s NSE announces API sandbox for fintechs around the world
The sandbox was launched at Singapore FinTech Festival 2019.
Canada’s Stradigi AI closes $40.3m in Series A funding round
The AI firm wants to expand further into the North American market.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
What does AI mean for the banking industry?
It’s beginning to look like the impact of AI on banking will be much more subtle.
ING invests in regtech Ascent
The Dutch bank backs AI-driven regulatory compliance solutions.
JP Morgan invests in research filter solution for FIs Limeglass
Limeglass is a graduate of JPMorgan’s ‘In-Residence Program’.
Canadian AI search tool Coveo raises $172m to hit unicorn status
Coveo is now “well above” US $1 billion in valuation.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
AI: A force for good?
The last of the two part series by Nadia Sood, CEO at CreditEnable.
