CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
Data & Analytics
B3 and Itiviti join forces for global connectivity
The stock exchange’s members can access the NYFIX portal.
Female founders become Accenture Lab’s new focus
This year Accenture wants to narrow the gender gap in fintech
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
Envestnet’s CEO admits lawsuit sets them back
The $100m lawsuit has significantly disrupted “several clients and prospects”.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Fintech partnerships: the real benefit of Open Banking for incumbent banks
A deep dive into where the real value lies in Open Banking for incumbents.
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.
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
RBC launches student experience on mobile app
The ‘Mobile Student Edition’ is designed to tap into the Gen Z market
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Deutsche Bank creates digital bank Fyrst
Currently the project is suspended by the former subsidiary Postbank.
Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
SmartStream partners with Finanz Informatik Solutions Plus
This will support reconciliation processes for financial institutions.
Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
Almost half a million Monzo customers affected by data breach
The data leak allowed staff engineers access to PINs stored in encrypted log files.
Insurwave onboards Xceptor to digitise insurance documents
Xceptor uses AI to to extract and transform any type of data from any source.
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
White paper: Agreement automation – Best practices to remove friction, improve compliance and achieve growth
Download the latest white paper from Onespan
Standard Chartered and Linklogis debut joint transaction on blockchain platform
The bank leveraged Linklogis’ WeQChain platform.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
FNA raises $5.5m for AI-driven regtech
The firm collaborates with regulators manage financial risks.
FCA provides clarity on current crypto-assets regulation
To ensure firms know if they are authorised and compliant.
Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
PayTech Awards 2019 in pictures
Celebrating excellence and innovation in the payments industry and people who make it happen!
Moody’s acquires fintech RiskFirst
The acquisition will boost Moody’s Analytics’ offering.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
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
Open Up Challenge 2020 launches £1.5m prize fund
Fintech innovators are encouraged to develop money management tools.
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.
Friday the 13th is coming – is banking ready?
The deadline for PSD2 compliance is rapidly approaching – will your firm be ready?
Mastercard and Nationwide announce new partnership
Building society prepares to launch new business banking service.
