Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Banking
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Core modernisation is essential for truly digital banking
Banks have only to look at how innovators have transformed retailing and music to recognise this truth.
Banking Technology June 2019 issue out now
Beyond human. Dreaming of a fintech tomorrow.
DPO Group launches Africa’s first B2B virtual and prepaid payment card
DumaCard gives businesses in Africa access to new markets by enabling cross-border online payments.
Step receives $22.5m Series A funding
Challenger for teens’ waiting list has surpassed half a million people.
JP Morgan folds smartphone bank account one year after launch
Finn accounts, aimed at millennials, will be moved to the Chase mobile app.
BanQu closes extension on $2.6m Series A
The amount of the extension remains undisclosed.
Appital launches new trading fintech
Its platform will accelerate trades, strip out costs and provide transparency for buyers and sellers.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Money20/20 Europe 2019 – Day 3, specialisation and invisible banking
We chat with Temenos about the problems plaguing modern-day banking.
Credit Agricole plans €15bn tech investment in four years
“100% of emerging technologies” will be tested for new services.
Visa forms strategic partnership with Western Union
The new collaboration will modernise global money movements for expedited cross-border money transfers.
Enterprise cloud platform Liveoak closes $8m Series A round
The investment will fund product development and global expansion.
Iccrea chooses Appian platform to serve 4.2m Italian customers
Appian will automate key processes for the 142-strong banking group.
ING joins project to create blockchain-based USC
The utility settlement coin will reduce exchange rate risks.
A banker goes a-banking, volume 3: the party was only just beginning
It’s a terrible thing to be put in a position where you cannot improve your own performance.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Form3 partners with Pockit
The UK-based payments system is also opening new offices in Amsterdam.
MSB chooses SunTec to deliver customer-centric services
Aims to elevate customer engagement and personalisation.
Yolt signs partners and prepares for wider roll-out
Yolt is also partnering with Payvision and Funding Options, both of which also have ties to ING.
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
TrueLayer gains $35 million investment
Chinese tech giant, Tencent Holdings, led the latest round of funding.
Mastercard unveils new Open Banking Solutions
Several partners in the UK and Poland intend to activate the suite.
BBVA selects NetApp as a strategic partner
BBVA will make NetApp a priority technological partner to become a more flexible and scalable digital bank.
Raincode Labs scores record Pacbase migration for Bankia
The project aims to move 120,000 programmes in a year.
Starling partners with paytechs Tribe and PelicanPay
Tribe launched at Money 20/20 Europe with UnionPay International deal.
Grasshopper Bank opens for business with digital focus
For its technology, the bank opted for Temenos’ T24 Transact core banking system.
Bank Leumi, CIBC and NAB launch online portal for fintechs
The platform provides a simple and easy process for fintechs to help connect them into the bank.
Money20/20 Europe 2019 – Day 1, innovation station
The quicker we are to innovate and implement new features and tech, the better.
Mastercard announces next generation fintech accelerator
Accelerate 2.0 includes Global Reach service.
Isbank partners Yandex.Checkout to support trade between Turkey and Russia
Turkish bank will reach more than 150 million extra clients.
Mizuho understood to be rolling out Flexcube core banking tech
EXCLUSIVE: Oracle to modernise Mizuho’s corporate and commercial banking tech.
Revolut, Chip and Marcus by GS integrate with Money Dashboard
UK fintechs collaborate to help consumers spend smarter and reach saving goals.
Strands strikes digital banking deal with Tech Mahindra
The IT services and consulting firm will leverage Strands' AI- and big data-powered tech.
BlueVoyant gets $82.5m funding for cybersecurity analytics
Bringing the total funding to $207.5m.
Top fintech stories this week – 31 May 2019
The first Amadeus event on payments, a new Indonesian payment standard, and more!
Indonesia launches QR code standards
To facilitate payments across the poorer businesses in the country.
White paper: How to drive business impact with payments
Download this free white paper to learn about how payments can improve your business.
Raphaels fined £1.9m by FCA and PRA for outsourcing mismanagement
The bank didn’t properly manage the outsourcing of payment services.
