RBI to build blockchain-based banking platform
The technology would be for banking officials’ use only.
Digital
Aspiring challenger Kyash raises $14m
The fintech wants to become Japan’s first challenger bank.
Currencycloud raises around £32m
Investors in the first part of the Series E round have not been disclosed.
Sensibill raises $31.5m for AI-driven banking solution
The Toronto firm targets freelancers and entrepreneurs.
An after after-dark round-up
FinTech Futures unravels the hot topics covered at 11:FS’ live podcast.
Monese and PayPal partner to enhance its mobile features
It follows PayPal’s investment in Monese’s Series B.
Cobalt Credit Union adopts video banking with POPi/o
The two-way technology offers a virtual branch experience.
Untangler launches using AI
The new insurtech is an afterthought created out of the founders’ previous firm.
VTB launches multifactor fintech platform for Russian SMEs
GetFinance aims to shape a new mass segment of the commercial online financing market.
AIFC and Fidor Solutions to boost fintechs in Kazakhstan
The MoU will also promote innovation in Central Asia.
FairFX rebrands as Equals
The foreign exchange company will now serve businesses and consumers.
UnionPay expands into Italy with Banca Sella deal
Greater acceptance will help merchants meet the needs of Chinese tourists.
What will Brexit mean for the payments industry?
A European take on a very British dilemma.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
Troubled Fidor Bank to shut down in the UK
Fidor Bank UK has announced it is withdrawing its services and products from 15th September.
Avaloq buys Swiss structured products firm Derivative Partners
The acquired niche company provides market information and tools for clients in Switzerland and the rest of Europe.
Banque Française Mutualiste selects SAB AT as its new core banking system
The system will operate in a multi-entity mode, with SAB supporting the hosting, operation and maintenance.
Webinar: how to close the trust gap in retail banking
Register for the latest Finovate webinar exploring the importance of CX to your banking strategy.
Instarem seeks banking licence in Singapore
The fintech is looking for a partner bank to do so.
ConnexPay raises $7m Series A round
The travel payment start-up will use the funds to continue developing its tech.
JP Morgan to take stake in 10x Future Technologies
10x Technologies’ boss is Anthony Jenkins, formerly Barclays head.
Citi and Vasakronan execute first MTN on Origin
The pair successfully raised AU$30 million using the debt origination platform.
Linio Colombia and Ingenico ePayments partner up
Ecommerce is booming in Colombia.
DXC and Zafin form core systems partnership
This aims to bring product and pricing control solutions to Hogan and Celeriti users.
Manulife Bank deploys Kasisto’s AI chatbot
Talk with a robot for all your banking needs.
Suncorp welcomes its digital incubator winners Eggy and Paypa Plane
The first program will see the fintechs ideas come to life.
Bank of Ireland UK sells credit card portfolio for £530m
Jaja will become the consumer credit card issuer for the bank and the AA.
Axinan and Sompo Indonesia team up
The acquisition aims to provide a digitised claims management infrastructure.
Top fintech stories this week – 28 June 2019
The very best fintech news this week!
BBVA creates AI Factory to drive data innovation
The team will work on both customer and internal solutions.
Monzo hits £2bn valuation
The latest funding round raised £113 million.
Broadridge takes over Northern Trust’s PE DLT platform
The move is viewed as a step towards an industry-wide PE blockchain solution.
Visa expands token and ticketing services with Rambus’ portfolio
Visa will develop its tokenisation services to support commerce.
Pineapple Payments acquires CardChamps portfolio
Both firms are based in Pittsburgh, Pennsylvania.
Digital insurtech Qover welcomes €8m funding
The firm white-labels its solutions and is API-driven.
AI imaging platform Ocrolus closes $24m funding round
The document analysis solution combines machine processes with human intelligence.
How to enter a banking market
The lowdown and practical examples of how to launch a bank.
New blockchain tech firm Atlas City Global lands $4m investment
Catalyst Network is “open source, fast, light, secure, scalable” and accessible to .Net developers.
Blend raises $130m for digital loans
The lendtech has also welcomed new execs.
Three old-school self-service strategies to ditch – and what to do instead
The ATM is the only channel that provides cash access anytime, anywhere. Take advantage of its huge potential!
