Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Banking
BNP Paribas goes international with Earthport payments
BNP Paribas Fortis in Belgium will be the first to roll
Making waves: hiring technicolour delivery teams in an ocean of banking grey
When interviewing, ask people about your version of the ocean, not just ship-building.
IHS Markit hits the mark with syndicated loan market data platform
First of its kind, it combines data drawn directly from approximately 150 agent banks.
Societe Generale agrees to deploy Duco’s platform
Duco SaaS platform for reconciliation and data control systems.
Standard Chartered and Huawei tackling corporate payments with IoT
The bank aims to enable triggering instructions in real-time through APIs, rather than through manual paper or e-mail.
White paper: Digital Transactions Drive Future of Banking
State-of-the-art encryption practices, audit trails, and rigorous security certifications keep customer data safe.
Lloyds Banking Group launches voice ID for telephone banking
Nuance provides its voice authentication tech to Lloyds Bank, Halifax and Bank of Scotland.
New Aussie neobank Up is alive and kicking
Promising “never-seen-before” features.
Germany’s Aareal Bank invests in UK real estate platform BrickVest
Second German bank to acquire a stake in the firm.
Tencent invests $180m in Brazilian challenger Nubank
Takes the bank’s valuation to a lively $4 billion.
Aussie challenger Volt taps into PayPal’s customer base
Partnership allows PayPal’s customers to share login with Volt.
Denmark’s regulators investigated over Danske Bank €200bn AML breach
European Banking Authority is taking money laundering more and more seriously.
CDPQ buys stake in fintech provider FNZ for £1.65bn
HIG Capital and General Atlantic sell stakes to Caisse de Depot et Placement du Quebec.
WB21 bank boss faces lawsuit by US regulator
WB21 bank boss faces lawsuit by US regulator
Westpac stays mobile to check cheque’s death march
“Cheques are often considered a thing of the past.”
Argentine Banco Galicia opens up Starbucks bank branch
Following Santander’s coffee + banking branch opening in Chile.
Czech bank Moneta to acquire Home Credit for €767m
Will get its hands on consumer finance provider and retail challenger bank.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
Bank of America launches cross-bank feature for app
Available for associated banks: Bank of America, Merrill Lynch, Merrill Edge and US Trust.
Curve rolls out Amazon cliché in $50m funding quest
The “Amazon of banking”. Whatever.
The ID Co in good mood with NoMo Money app launch
An app with a “healthy dose of personality”.
Challenger bank N26 begins beta launch in UK
The Germanic one revealed its plans back in November 2017.
Trustly teams with Mintos P2P marketplace
Sweden-based paytech partners with Europe’s largest P2P marketplace.
Daon inks deal with South Africa’s Capitec Bank
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
Top fintech stories this week – 5 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Cryptocurrency ATMs in Argentina take the peso
On the way and set to exploit peso volatility.
Danske Bank sets date for wearable testing
FastPay gears up for contactless payments.
SBI Ripple Asia launches MoneyTap in Japan
Ripple-powered payments app offers real-time settlement.
FIS and Banco Bradesco stay friends as JV ends
Love lingers as they plan to expand commercial relationship in Brazil.
Danske Bank talking to US over €200bn money laundering case
Department of Justice would like to ask some questions.
UK regulators approve CYBG’s takeover of Virgin Money
The CYBG brands will disappear as the new entity will unite under the Virgin Money name.
Kooltra coolly collects $5m funding for FX automation
Canadian cloud platform plans UK and US expansion.
Independent Financial Partners finds Agreement Express agreeable
IFP will use Agreement Express’ Automated Broker Transitions platform.
Fiserv and DadeSystems unleash automated A/R
Making account receivables less manual.
Arachnys gets $10m funding in its web
The regtech’s funding was led by QED.
Existential crises and procurement: the real question behind build/buy/partner
Start with deciding what is core and what is key to delivery, survival and business viability.
Banking Technology October 2018 issue out now
The tree of fintech life: growth, gains and generations.
Case study: Home Credit – to its credit
Life is good at the heart of Europe.
Europol teams with Cyber Defence Alliance to fight fraud
To share intelligence on cybercrime activities.
