Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
Business-to-Business/B2B
TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
Data-cleaning platform Trifacta raises $100m
The funding round will open untapped industries to Trifacta.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
Element AI raises CAD 200m in Series B funding round
Element AI has raised CAD 340 million in total so far.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
Australian start-ups welcome a senate inquiry into the fintech space
The start-ups argued that politicians have done far too little.
White paper: Moving traditional infrastructure into the smart POS world
Download the latest AEVI white paper
Valiant, Contovista and Swisscom launch a multi-banking solution for SMEs
SMEs can manage their liquidity across all connected accounts.
DN Intersect 2019: US Banks are “already beaten” if they ignore APIs
“It’s time the US starts paying attention to open banking.”
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
Mastercard and R3 deliver blockchain cross-border payments solution
The partnership will focus on connecting global faster payments infrastructures.
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
DN Intersect 2019: DN battles with banks to win trust in the automation race
DN says banks are “very rigid” with AI-automated ATM functions.
DN Intersect 2019: Libra is the “biggest greenfield opportunity” for banks
There are fears banks have missed the boat with Libra.
Nationwide partners up with Qlik
The primary goal is to make all employees across the organisation ‘data enabled’.
NAB launches cybersecurity alliance in Victorian parliament
The bank has partnered with La Trobe University to provide cybersecurity workforce development.
DN Intersect 2019 Day 1 key takeaways: ‘Branches are here to stay’
FinTech Futures shares Diebold Nixdorf’s latest insights live from Las Vegas.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
E-commerce group eShopWorld on the hunt for fintechs
The business aims to make cross-border online shopping seamless for consumers.
Foloosi targets GCC expansion with $500k seed funding
The Dubai-based start-up offers cashless payment solutions.
Goldman Sachs lends Mexican start-up Konfio $100m
The companies had “several” event run-ins.
Top fintech stories this week-06 September 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
AkinovA first insurtech to adopt OpenFin OS
“This is an overhaul in the insurance and risk trading space.”
A launchpad platform for savings providers
Savings providers can improve productivity, efficiency and accuracy.
Kabbage acquires Radius Intelligence to expand its data library
Kabbage is backed by SoftBank and lends up to $250,000.
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Standard Chartered chooses Traydstream AI solution
Traydstream begins with the global trade export market in Singapore.
Australian share trading start-up to launch in UK
Stake has been granted a licence by the FCA.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
EQT will raise at least €500m in IPO
EQT is the world’s seventh largest private equity fund.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
