Brex competitor Ramp Financial raises $7m
The start-up is in the early stages of product development.
Corporate & Commercial Banking
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Credit unions and Payrailz launch CU Payz
The new fintech partnership is designed to give credit unions ‘next-generation products’.
JP Morgan Chase invests in accounting software platform FreshBooks
A JPMC representative will be joining FreshBooks’ board.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
Commerzbank tests blockchain payment solution with Daimler Trucks
Current payment systems require a human to trigger the process.
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
Backbase is named a leader in the Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
Download the Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
Deutsche Bank creates digital bank Fyrst
Currently the project is suspended by the former subsidiary Postbank.
IIG Bank Malta live with Temenos T24 core and digital platform
It also took Temenos’ financial crime mitigation module.
Mizrahi Tefahot selects Temenos’ T24 Transact for capital markets
T24 Transact will interface with trading systems and the bank’s core systems.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
SVS Securities enters administration
The FCA has opened an investigation into the company.
Three lessons traditional banks can learn from their younger siblings
Teamwork, transparency and creating a competitive culture is key.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
The importance of specialised standard software for MAD/MAR compliance
Experience and insights from three years of practical use.
Is the next fintech unicorn being built by ex-bankers in Poland?
Three Polish ex-bankers are building their own challenger banks in Poland right now, as you’re reading this.
Banking Technology Awards 2019 are open for entries
The Early Bird 10% discount deadline is 31 July 219, the awards close for entries on 31 August 2019
Revolut unveils free business accounts
Business plans can be upgraded or downgraded at any time.
Volt bank chooses FIS for mobile and card payments services
FIS will provide it with processing services for Volt’s credit card and mobile payments.
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
EY inks agreement with Open Banking Nigeria
It will extend services to individuals and businesses across Nigeria.
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Busey selects Jack Henry to support growth
The SilverLake System is believed to be replacing CSI’s NuPoint.
New challenger revverbank picks Fusion for core banking capabilities
The proposition will be underpinned by Microsoft’s Azure platform.
Let’s work together
Bank-fintech collaboration should take priority on this year’s Sibos agenda.
Mastercard and Nationwide announce new partnership
Building society prepares to launch new business banking service.
Zeta eyes global expansion with Series C investment
The investment came from Sodexo at a valuation of $300 million.
Capital on Tap partners with Marqeta
It has provided nearly £1 billion in funding to more than 60,000 small businesses in the UK.
Atom Bank raises £50m
Neil Woodford’s fund has announced its first major investment since the shuttering of its flagship vehicle last month.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Borgun adopts TruNarrative MLM platform
The solution will reduce onboarding time for new clients.
PayMate raises series D to accelerate growth
The Indian B2B paytech raises money for domestic and international growth.
