Cognizant acquires Finnish IT firm Samlink
Will also build and operate a shared core banking platform for three companies.
Digital
Fintech Agora fires up for small American FIs
Start-up offers a digital leap without a core banking revamp.
Almoayed and Moven go for digital banking advance
Duo team up for fintech ambitions in MENA region.
US challenger bank Newbridge will start spreading the news
It will soon be fintech showtime on Broadway.
Mexican challenger bank Albo raises $7m
Series A funding round led by Mountain Nazca.
Banking Competition Remedies back for seconds
Second Incentivised Switching Scheme application window to open in June.
RIP Microsoft Wallet
Of our elaborate plans, the end. Of everything that stands, the end.
IBM bags $260m banking tech deal in Philippines
Bank of the Philippine Islands speeds up its digital revamp plans.
Barclays raises Rise Growth Investment funds for fintech start-ups
Will offer new investment capital of £10 million per programme.
Nasdaq leads $20m funding in blockchain firm Symbiont
Will use funds for action in data management and lending space.
Shares plummet as Metro Bank misses profit target
That said, the profit before tax of £50 million is much better than 2017.
Job losses loom as Santander closes 140 UK branches
Up to 1,270 staff could be affected by this wave of closures.
Financial software provider Zafin secures $17m funding
Round led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.
Swift gpi delights in double digit growth
Global payments innovation service’s values also exceed $300 billion daily.
Advent International takes majority stake in Prisma Medios de Pago
The Argentinian payments giant covers a big market in the region.
FCA answers calls for cryptoasset clarity
UK’s Financial Conduct Authority goes consulting again.
MoneeMint picks Codebase for core banking
Utilising the funding it received in October 2018.
Lloyds to cut costs with Thought Machine platform move
Bank wants to transfer data to new core system – and job cuts also loom large.
BioCatch joins anti-vishing fight
WTF is vishing? It’s a type of authorised push payment (APP) fraud.
Allied Payment Network fortified via Plymouth Growth investment
The deal in Indiana was valued in the “multi-millions”.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
BNP Paribas and IBM show cloud commitment
They extend their partnership for eight years.
PayPal joins $40m funding party for fintech app Dosh
Follows on from $44 million in last year’s Series A round.
Wahey! Record payment volumes for Pay.UK
UK authority says automated payments hit an all-time high in 2018.
BNP Paribas Personal Finance in automotive drive with DealTrak
Presses accelerator on its UK sector ambitions.
Bankart to go live with Nets instant payments in Slovenia
It’s late but they now have got final approval from the Slovenian Central Bank.
Natixis reaps the wild Wynd for payments
Along with their partnership, Natixis is taking a stake in the French company.
EC fines Mastercard €570m for anti-competitive antics
Commission says firm obstructed merchants’ access to cross-border card payment services.
SBI fuels $15m funding in Tangem’s blockchain smart cards
Swiss firm plans to “bring blockchain to people’s everyday life”.
AXA Venture Partners gets $150m for fintech funding
Aiming to support start-ups and digital health firms.
Volt first Aussie challenger to get full banking licence
The digital start-up will focus on smartphones.
Insurtech Setoo takes off with Invia Flights Germany
After its platform launch late last year, start-up now gets first customer.
Dutch regulators call for crypto licensing system
AFM and De Nederlandsche Bank have regularly warned against cryptos and ICOs.
AnaCap-backed paytech Heidelpay acquires Universum Group
Its fifth bolt-on acquisition since AnaCap’s initial investment in 2017.
Australia prepares payments for digital age
It’s consultation time as the Australian Payments Council wants your input.
Objectway nabs asset management software firm Algorfin
As it aims to establish its dominance in Italy.
China bosses blockchain and AI patents
Research by UHY reveals that Chinese companies filed 32% of all global blockchain patents in 2017.
Falcon Private Bank unleashes crypto transfers
Swiss bank offering selected cryptocurrencies for private and institutional clients.
Video: fintech news weekly round-up – 21 January 2019
Featuring JAJA, South Korea, Sberbank and R3.
Citi tests out TCS Bancs for core system revamp
EXCLUSIVE. The bank is testing the platform in Singapore.
