B2B payments revolution on Russian e-commerce soil
A new solution from Yandex.Money and Sberbank has every chance to make Russian B2B payment market similar to B2C or even better.
Digital
First Hawaiian stays with FIS but switches core systems
This comes despite the bank signing in 2015 with FIS’s fellow US heavyweight competitor, Fiserv.
Pacific National to launch digital bank on Nymbus Banking-as-a-Service platform SmartLaunch
The bank hopes to be able to launch within 90 days.
BCR opens applications for Capability and Innovation Fund Pool C
Four £10 million grants are on offer.
Checkout.com rings up Europe’s largest ever fintech Series A round
The London-based company now eyes further global expansion.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Refundo to return tax refunds in Bitcoin
Thanks to a recent partnership with BitPay.
Klarna brings its alt payment options to retail shops
Bringing pay later to consumers in stores.
Top fintech stories this week – 3 May 2019
May issue is out!
RPA firm UiPath closes $568m funding round
Company’s post-money valuation has grown from $110 million to $7 billion.
Blockchain-based ID verification system goes live in Canada
SecureKey’s Verified.Me is backed by several major financial institutions.
UK challenger bank Dozens gets £3.8m crowdfunding
Dozens had already raised $8 million prior to this round.
Indio Technologies brings digital to insurance with $20m funding
The company has raised over $30 million in total.
Amazon Pay launches Android P2P payments in India
Users can pay Amazon delivery associates from their bank accounts via UPI QR codes.
Is there a role for the branch in the digital world?
What will happen to bank branches as consumers increasingly go digital?
Insurtech and the future of financial modelling
The trio of financial, actuarial and management reporting: technology revolution or evolution?
Technisys bags $50m funding in Series C
The banking tech provider looks to enter European markets.
Video: fintech news weekly round-up – 30 April 2019
SoftBank invests in Wirecard, Tencent in Argentinian Uala, and other Visa news.
Expense management app Divvy closes $200m funding
It’s the third funding round for the firm in under a year.
Citi launches NextGen AI compliance project
In partnership with EY and SAS.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
AI and ML empower advisors by predicting their clients’ economic behaviour
The advisor’s role goes beyond managing money; it has shifted to managing lives.
Metro Credit Union in major tech revamp with COCC
The credit union embarks multi-year project to make major strategic investments in tech.
FIS links up with Visa
A new tool for the FIS clients to process high-value corporate, cross-border payments.
FIS, Fiserv and Infosys compete for Robinhood’s core banking tech deal
FIS, Fiserv or Infosys will be providing core processing software to Robinhood Bank once it receives authorisation.
Seven fintech firms join forces with Nationwide to address financial capability issues
EXCLUSIVE. Nationwide talks about its Open Banking for Good initiative and the selection of fintech partners.
First real-time payments launched in Saudi Arabia
Vocalink partners with Saudi Payments for market-first development.
Equifax acquires PayNet to boost SME credit access
PayNet CEO says deal will support “Main Street American business”.
Meed Banking Club launches in the US with member exclusives
Leveraging banking services at Vast Bank, which itself is going through a major tech revamp.
US modern card issuer Marqeta signs first Europe deals
Partnerships with companies in France, Scandinavia, Spain and Switzerland.
Regions Bank taps IBM for AI-driven customer service
IBM’s Watson can help both employees and customers.
Expensify integrates with Southeast Asia ride-sharing firm Grab
This includes Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia.
Top fintech stories this week – 26 April 2019
Figure Eight acquired by Appen, T-mobile launches checking account, and RBS’ digital bank picks Mambu.
Five key takeaways from the 2019 State of Digital Sales in Banking Report
Years of digital transformation are now paying off, with over 57% of worldwide accounts featuring digital capabilities.
Webinar: Customer consent in an open banking world
Learn how educate and empower your customers and gain their informed consent.
Permanent TSB opens up new API portal
The Irish bank is keeping up with open banking developments.
Tencent takes a gamble on Argentina’s Uala
The amount of the equity investment has not been disclosed.
RBS’s digital challenger bank Bo taps Mambu’s cloud tech
EXCLUSIVE: Bo is expected to launch to retail customers in 2019, underpinned by Mambu’s core banking tech.
SoFi could secure Qatar investment for $500m round
Details of the deal are yet to be finalised.
