Accounting automation tool raises $7.35m
Catering all expenses and bookkeeping needs, in “virtually all industries”.
Corporate & Commercial Banking
Emirates NBD builds AI-enabled bank with AWS
The Middle-Eastern bank is applying tech to customer sevice.
Purpose extends digital portfolio by acquiring CreditGenie
Toronto-based CreditGenie aims to disrupt point-of-sale financing.
Swedbank partners with Kaching Retail to develop mobile payments
The bank has also become a key investor.
New APP scam protection code comes into force
Victims now more likely to get their money back.
Nasdaq concedes to Euronext in battle for Oslo Bors
Withdrawal comes after Euronext wins Ministry of Finance approval.
Joining the dots: the evolution of correspondent banking
Assessing the potential benefits of joining several digital platforms to form a “network of networks”.
Infosys to power GTB’s digital strategy in Myanmar
Understood to be replacing 3i Infotech’s Kastle core banking system.
Kyriba is first treasury platform to offer corporates RTP through JP Morgan
Corporate clients of both firms can use the service.
White paper: Shapeshifting – a look at the evolving landscape of cross-border payments
Discussing consumerism, PSD2, managing risk and the power of digital ecosystem.
Zenus Bank launches aiming to serve global clients
The US bank holds an international license.
Holvi expansion targets micro businesses in five new European markets
Finnish start-up serves “everyday entrepreneurs” with business current accounts.
German bank Penta integrates business invoicing with Debitoor
Debitoor automatically compares invoices and money paid.
Canadian CIBC launches platform for SMEs
It allows users to manage accounting and payroll insights.
Two new next-gen banks to open in the US
Piermont Bank and Nexos National Bank.
HSBC targets simplified receivables process with DART digital solution
HSBC says the B2B connectivity platform is an industry-first.
Flagstone gains £11m of capital injection for market expansion
Backers include Kindred Capital, Moneysupermarket Group, and VentureFounders.
Countingup and Hokodo partner for invoice insurance service
This is intended to create a new service allowing UK SMEs to protect their income on an invoice-by-invoice basis.
Sumitomo Mitsui Trust Bank takes Acumen to reside with Flexcube
Acumen is a common treasury solution alongside Oracle FSS’s Flexcube.
Nationwide invests in new payment request service Ordo
The direct payment app launches later this year.
Oracle FSS gains two new core banking tech clients in Eastern Europe
New Flexcube takers are KDB Bank Europe in Hungary and Všeobecná úverová banka (VUB) in Slovakia.
FIS links up with Visa
A new tool for the FIS clients to process high-value corporate, cross-border payments.
Sumitomo Mitsui Trust Bank turns to Oracle FSS for tech modernisation
EXCLUSIVE: SMTB is modernising its core, lending and payments tech for corporate banking in Japan and abroad.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
TrueLayer joins with ANNA to offer open banking to SMEs
ANNA hopes to launch further new features in the future.
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Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
Teradata Universe Madrid 2019: Teradata agrees that less is more
“Don’t invest in analytics!”, and in my mind, the crowd cheered.
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
Integral delivers mobile trading app for Arab Bank in Switzerland
Integral’s solutions are used by banks, brokers and asset managers in the foreign exchange market.
New petition calls out big banks for stifling competition
The petition was started by the director of data analytics firm LendingMetrics.
Banco BASE chooses Volante to deliver modern payments platform
Serving corporations and medium-sized businesses in Mexico.
Partnership between Starling and FreeAgent takes flight
Aims to cut time spent on small business admin tasks.
Hellenic Bank modernises payments with Fiserv
The Dovetail Payments Platform will help with customer personalisation.
PASPX in tech overhaul with Temenos
PASPX was founded in 2008 and holds an e-money licence.
Watermark Bank makes a splash in Oklahoma
Built for entrepreneurs for entrepreneurs, Oklahoma’s first new bank since 2009.
Bento for Business partners with Visa
The Visa card replaces the company’s Mastercard prepaid card.
