Banking Technology November 2019 issue out now
The identity challenge.
Data & Analytics
Israeli fintech Become secures $12.5m to help make SMBs more fundable
Become wants to “disrupt conventional and ‘alternative’ lending practices”.
UK fintech Koyo raises £3.8m to aid wiped credit histories
The fintech helps migrants or people who’ve never taken credit or been the main bill payer.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Regulation and competition driving lending transformation
The key to success is a solution that provides effective data management.
Cryptocurrencies and the critical vulnerability of a 51% attack
The processes, the vulnerabilities, and the dangers broken down.
Bank of America unveils new mobile banking app with loan applications built in
The bank has 29 million mobile clients.
UK Treasury Committee: Regulators must punish banks for IT failures
UK regulators “must have teeth and be seen to have teeth”.
UniCredit reports data breach affecting three million accounts
The data leak stems from a four-year old file.
OneSpan director: Banks need to implement AI’s full potential
Banks still have siloed data pools which can’t quite be pulled.
TransUnion appoints ex-KCOM exec Mike Davies as COO in UK
Davies grew KCOM’s business value from £50m to more than £500m.
How to provide customers from China with a habitual and convenient service
An official account is the first step for a company towards the Chinese audience.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
Temenos picked by Danish challenger Lunar to fight financial crime
Temenos says it was chosen to “address stringent regulatory demands”.
Goldman Sachs leads $35m Series B round in data storer Very Good Security
Andreessen Horowitz and Vertex Ventures also participated.
ING validates transactions without compromising data in “blockchain breakthrough”
Transactions on Corda can now be proofed with complete privacy.
A bird’s eye view of cloud and the payments industry
The sky is the limit for cloud and Volante.
UK consumers stick with their banks as switches drop again in 2019
This decrease follows a similar pattern between Q1 and Q2.
Glue42 partners with RocketFin to bring behaviour mining to banks’ regtech suite
Glue42 works with the likes of JP Morgan Chase.
PeerNova raises $31 million in new funding round
Data reconciliation firm plans to build out its flagship platform.
Crunch launches mobile accounting platform for UK’s self-employed
The cost £5.5 million and four years in development.
Making the most of cloud migration – expert advice from Bill Cunningham, Endava (Part 2)
Happy staff, happy customers and a more efficient, forward-looking organisation.
Instabase raises $105m sent to unicorn status
The bank app has raised $132 million since it began in 2015.
Investor rights lawyers investigate Wirecard securities fraud
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
Nebraska’s Pathway Bank enters world of video banking with POPi/o
POPi/o also has partners in California, Idaho, Nevada and New York.
Help-to-buy fintech Proportunity raises £2m, offers alternative to UK government
The fintech provides first-time buyers with an equity loan of up to 15%.
Finovate Podcast: Epsiodes 1-10
Catch up on the latest Finovate Podacast espisodes.
eBook: 5 AI solutions every retail bank needs
Download the DataRobot ebook today
FCA will ‘take appropriate action’ against product greenwashing which misleads customers
The regulator will work on “common standards and product disclosures”.
ID Finance crowdfunds £1.5m in minutes, eyes up Hispanic and Latino loan market
ID Finance is on track to double revenues to €90m this year.
Calastone takes on ex-BNY Mellon exec Dan Kramer for US expansion
Kramer managed end-to-end customer experience at BNY Mellon.
Cashforce solves forecasting challenge for treasuries, raises €5m funding
INKEF Capital and Citi Ventures led the Series A round.
DIS 2019: Lendtech OpenWrks says it can predict divorce and relationship breakdown
OpenWrks can determine when gambling will become a health issue too.
Educating the masses
The age for financial literacy is getting younger and younger.
UK cybersecurity firm Sophos bought by America’s Thoma Bravo for $3.8bn
Sophos houses more than 3,400 staff and a turnover of $710.6 million.
Nine UK fintechs land in Australia under the countries’ bridge programme
The companies will be showcased at Melbourne’s Intersekt conference.
OTP Bank welcomes “later-stage” start-ups to its partnership programme
Applications need to be made by 22 November 2019.
Branch launches free checking account and debit card for hourly workers
The fintech wants to increase financial stability in the US.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
