Santander and Ripple to launch blockchain-based consumer payments
Santander will launch DLT-based international payments for retail customers in Spain, Brazil, Poland and the UK.
Digital
Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
UK Finance brings simpler banking to SMEs
18 business bank account providers agree to same basic set of information.
CollectAI partners with Pay360 for UK launch
Accounts receivable and debt collection management company collectAI has made inroads into the UK.
Israel Discount Bank gets AI energetic with Personetics
Cognitive Banking Brain powers AI digital financial assistant Didi.
Case study: Sberbank – tech them on
Sberbank now benchmarks its performance against technology companies not other banks.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Alibaba acquires 33% stake in Ant Financial affiliate for fintech fuel
Looking to “participate in the future growth” of the fintech sector.
AHML and Tinkoff Bank to unleash digital mortgages in Russia
Agency for Housing Mortgage Lending buddies up with bank for joint venture.
eBay ditches PayPal for Adyen
Dutch outfit Adyen fits – and becomes primary processing partner.
PayPal powers BofA Merrill digital payments
US-based commercial clients can now make payments in local currencies.
Scottish billionaire mulls new bank for SMEs
Jim McColl, one of Scotland’s richest men, prepares to enter the UK banking arena.
Amex acquires AI travel aide Mezi
Getting in on messaging market with tidy acquisition of personal travel assistant Mezi.
Banking Technology February 2018 issue out now
Vision dreams of passion. And all the while I think of fintech.
Huddlestock and Acuity bring mobile trading to Sri Lanka
Offering the ability to “crowd-trade and access investment ideas”.
Cambridge Blockchain and IHS Markit target KYC market
Will offer integrated reference data, operations and software.
Challenger bank Fiinu to put people before profit
Digital bank Fiinu plans to launch in early 2019.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
Bankwest launches Australia’s first payments ring, Bankwest Halo
“Just grab the things you need, fist-bump the terminal and go.”
Saudi Arabia to build new testing and certification scheme for payments
FIME to develop a bespoke cloud-based testing platform and certification process.
BPCE signs for Meniga’s digital banking tech
Meniga’s tech will be implemented at BPCE’s Banques Populaires and Caisses d’Epargne in France.
Coconut launches business current account for self-employed
Coconut “cracks open” its app-based business account for freelancers and self-employed people.
Rabobank ventures to fintech frontier with $60m fund
Welcome to Rabo Frontier Ventures – and its focus on early-stage fintech firms.
Tesobe powers Santander’s first hackathon
Springs into action via Open Bank Project’s sandbox technology and expertise.
BlueVine boosts invoice factoring credit line to $5m
Small business lender doubles the size of its invoice factoring solution.
Kabbage expands line of credit
US alternative lending start-up now offering up to $250,000.
Wealthfront launches homeownership planning tool
The pressure is high in today’s US housing market – home buyers feel the need to buy.
Western Union unveils fintech centre in India
New 125,000 square feet facility in Pune will employ more than 1,000 individuals.
Amazon, Warren Buffett and JP Morgan Chase create new healthcare firm
The company is so new it doesn’t have a name.
Alibaba Cloud brings big data programme to Malaysia
To get experts to collaborate and compete in developing tech solutions.
Growth, wealth and modernisation drive fintech innovation in MENA region
An interesting place to be a bank or a fintech!
Payments round-up: 30 January 2018
Featuring Vocalink, Shieldpay, Huawei, UnionPay, Pelican, PaymentComponents, Infosistema and Banco BAI Europa.
BNI Europa makes €50m Funding Circle in Germany
BNI Europa reckons investment will provide access to finance for around 600 companies.
Nationwide’s internet banking takes the night off
Night and day. Day and night. Whatever the time, you can’t be sure of UK banking.
Finabank in core banking tech revamp with Temenos and Sofgen
Finabank in Suriname has signed for a front-to-back office suite of tech from Temenos.
ANZ CEO seeks better banking PDQ
Sends lengthy letter to staff urging restoration of customers’ trust in wake of commission on banking misconduct.
Finastra acquires Olfa Soft for treasury revelry
Gets its hands on an eFX trading solution which covers post-trade and payments.
RELX buys fraud prevention firm ThreatMetrix for $830m
Deal is expected to close in the first half of this year.
Figo releases RegShield for PSD2 field
German banking service provider launches its new “Licence-as-a-Service” solution.
Payoneer partners with Waze to power local payments
Currently available in Texas, California and Israel.
