Israeli auto-procurement fintech Approve.com lands $5m
Approve is a cloud-based software-as-a-service (SaaS) platform.
Financial Services/Finserv
Automated accounting firm Candis raises €12m in Series B funding
Candis plans to use its new funds to expand within Europe.
Global Payments signs cloud deal with AWS
The multi-year deal moves Global Payments systems into the cloud.
Greek fintech Viva Wallet officially becomes a bank
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
Financial Plus Credit Union goes live with MDT’s Banno Digital Platform
The credit union wants to boost its digital capabilities.
Grab launches micro-investment, third-party loan and BNPL offerings
The firm is further cementing itself in the financial services industry.
A gift of shoes
Having walked in each other’s shoes you are both a little better at your job now.
UK leads the way in Islamic fintech ahead of Malaysia and UAE
The UK is a notable eight ahead of second-place Malaysia.
Money20/20 finally calls off Europe and US shows
It specifically cites the friction with regards to travel and COVID-19 developments.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
Galileo integrates with Plaid to simplify ACH transfers
The integration will streamline the initiation of ACH transfers.
IBM, Mizuho and MUFG join Japanese quantum innovation consortium
The Quantum Innovation Initiative Consortium aims to enable cooperation between sectors.
National Bank of Bahrain signs Infosys Finacle for transaction banking
The new deal is part of the bank’s ongoing digital transformation.
Google Pay to launch bank accounts in 2021 with flurry of partners
The US Big Tech announces another six of its banking partners.
Spanish challenger Bnext lands another €11m
The new capital adds to its already closed €22.5 million last October.
EPA critiques FCA approach to Wirecard suspension
The EPA says the FCA should have reached out to it.
How can fintech rise to the new D&I challenge?
If they don’t believe they are part of the problem, nothing will really change.
Affirm eyes IPO with up to $10bn valuation
PoS lender is working with Goldman Sachs in early-stage discussions of a potential listing.
Sokin picks Jumio to power customer authentication
Payments start-up praises Jumio technology.
Singapore’s robo-advisor StashAway lands $16m led by Square Peg
The fintech last raised funding in July 2019.
Chinese regulators consider AliPay and WeChat antitrust probe
The People’s Bank of China is serious about curbing the giants’ dominance.
Bank of Baroda credit card subsidiary picks Fiserv’s FirstVision
FirstVision will be deployed on an outsourced basis.
Thought Machine taps US market with North America MD job search
Cloud adoption in North America amongst major banks is still in its infancy.
Apple acquires payments firm Mobeewave in $100m deal
Apple buys start-up to turn iPhones into payment terminals.
Iwoca calls on banks and UK government to extend CBILS
The fintech has raised £100m in debt financing to extend its own support.
Volante lands $35m, its first capital raise in two decades
The firm wants to turbocharge its offering, customer base and geographical presence.
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
LSE considers sale of Borsa Italiana to appease regulators
LSE exploring options to push through $27 billion acquisition.
Bank of England picks Accenture as RTGS renewal partner
Accenture comes out on top of a public procurement process.
Metro Bank signs tech partnership deal with Wipro
Wipro plans a “transformation” on Metro Bank’s testing.
What’s new Quotevine? Tom Jones joins as COO
Jones was previously Sopra Banking Software’s CTO.
Four lessons we can learn from the biggest financial technology scandals
From Wirecard and Enron to Bernie Madoff and Parmalat.
Video: Top fintech stories this week – 31 July 2020
FinTech Futures’ weekly news round-up.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
US remittance start-up Remitly lands $85m
The remittance market is set to suffer from the pandemic.
UAE’s Network International to buy Nairobi fintech DPO Group
DPO is the largest online commerce platform operating across Africa.
Uzbekistan’s People’s Bank selects Fusion Risk from Finastra
FinExtra Group and Neoflex to deploy the system locally.
ComplyAdvantage raises $50m in Series C funding
The new capital will be put towards international expansion.
Goldman Sachs signs multi-year deal with Publicis Sapient
The consultancy firm is both a client and partner for new Goldman platform.
