Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Business-to-Business/B2B
Baton raises $12m for blockchain-inspired b2b solution
Baton allows banks to avoid overhauling their existing systems.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
EWPN and EPA collaborate on boosting equality in the finserv industry
EPA’s report shows 57% of those surveyed have personally experienced gender discrimination.
Fujitsu collaborates with Commerzbank on securitisation project
“No longer any need to wait for commercial viability of true quantum computers.”
Raisin completes takeover of MHB-Bank
It is the first fintech in Germany to buy a bank.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Tech Mahindra and Adjoint collaborate on blockchain finserv and insurance solution
This will be the firms first treasury and insurance blockchain solution offering.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Indian digital payment firm BharatPe raises $50m
The company is now valued at $225 million.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Tink tells NCA companies “are not ready” for PSD2
The letter also asks for “stronger industry collaboration” with TPPs.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
CoinFLEX announces $10m funding and Market Making Program
The initiative will target trading firms, hedge funds and cryptocurrency companies.
Credit union NEFCU chooses Fiserv for digital transformation
NEFCU has more than $3 billion in assets.
JRNI closes $6m Series C extension and appoints new CTO
The new capital will go to US acceleration and European markets.
Standard Chartered and SAP Ariba partner to serve APAC
Collaboration aims to accelerate digitisation of the entire supply chain.
BMLL Technologies launches Derived Data Service
The service offers “unparalleled visibility” into the market.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
Fintech start-ups showcased at Y Combinator Demo Day
Concepts ranged from crypto fraud tracing to student finance.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Israeli government to fast-track fintech and blockcain licences
Around 2,000 fintech and blockchain companies are currently seeking licences.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
CAIS announces new insurance product with Schechter
CAIS connects financial advisors with alternative investments.
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
