AI savings assistant Plum raises $3 million and launches Android app
This is in addition to its $4.5 million raised this summer.
Financial Services/Finserv
JP Morgan signs commercial card deal with Boost Payment Solutions
Software firm to provide new solutions to underpin JP Morgan’s single-use accounts.
Clearing the liquidity fog in 300 milliseconds
FinTech Futures speaks to CEO and founder of RTGS.global, Nick Ogden.
Being digital vs doing digital
It’s best to be clear whether it’s truly digital or whether it is in fact digitisation.
Money Bites podcast: what’s next for fintech?
Featuring Tanya Andreasyan, Chip’s Simon Rabin, resident jokester Mr. Money, and the Skittlemania challenge.
AML start-up Silent Eight raises $6.2m in Series A funding
The round included Standard Chartered’s SC Ventures.
Google sets its eyes on banking next year
The tech giant allegedly doesn’t intend to sell customers’ data.
Former FCA exec says banking tech could lead to discrimination
Diverse hiring practices would help address discrimination by financial technologies.
Standard Chartered taps Quantexa to boost AML controls
Dynamic entity resolution and network analytics to be implemented at the bank.
Bank of Georgia launches AI-powered personal finance tool
The new PFM tool is first of its kind in the Caucasus, says the bank.
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
A banker’s excellent adventure
Learn, be excellent to each other and trust that the music will only get better if you practice. Starting today.
Open Banking Expo 2019: Innovation by regulation is a “flawed idea”
Panel believes that banks and partners can be trusted to innovate without deadlines.
Facebook Pay launches for US users on Messenger and Facebook
The social media giant says it’s a separate venture to the Libra project.
PFS sells up to Australia’s EML Payments for $290 million
EML aims to become “one of the largest fintech enablers in open banking”.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
Crypto bank SEBA launches Swiss offering after FINMA greenlight
SEBA secured its banking licence in August 2019.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
Revolut appoints new chairman
Martin Gilbert will begin his role as of 1 January 2020.
Investment firm Castle Trust to become UK challenger bank
The firm calls it the “natural next step”.
What does AI mean for the banking industry?
It’s beginning to look like the impact of AI on banking will be much more subtle.
Between floppy disk and data highway: Why insurance companies lag behind in digitisation
Digitalisation has reached the insurance industry later than in other sectors and pressure is coming from customers.
Hungary’s National Bank fintech strategy combats digitisation lag
The national bank has drawn up its own fintech guidelines “to speed things up”.
Tencent plans blockchain-based virtual bank on back of new Hong Kong licence
Chinese conglomerate nabs its second licence from regulators.
ATB Financial acquires Grow Technologies
Grow’s founder will join the ATB team.
Phil Heasley retires from ACI Worldwide
The board has been conducting a thorough search for his successor.
BIS appoints head of its new innovation hub
Benoît Cœuré joins from the ECB executive board.
Yes Bank launches India’s biggest API sandbox
Private lender says ‘yes’ to fintech developer collaboration.
Money20/20 USA: Seven key takeaways and how to prepare your business
Informa’s Rutger van Faassen shares his impressions and insights from Money20/20 USA.
Fintech Talents 2019: Bank leaders still struggling with digital transformation
Responsibility is on both sides to ensure bank execs understand the benefits, argues Locsin.
Fintech Talents 2019: Banks must grab digital opportunity
Industry panel argues that change is coming for all lenders.
Banco Inter plans super app to boost borrowing
SoftBank bought a 14.9% stake in Banco Inter earlier this year.
Eileen Burbidge steps down as chair of digital bank Tide
She gave up her role at Tide following a funding round.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
JP Morgan invests in research filter solution for FIs Limeglass
Limeglass is a graduate of JPMorgan’s ‘In-Residence Program’.
Failed London Stock Exchange bid costs HKEX $16m
Majority of the figure down to consultants and advisory fees.
Canadian AI search tool Coveo raises $172m to hit unicorn status
Coveo is now “well above” US $1 billion in valuation.
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Nordea’s chief digital officer quits ahead of bank’s next digital phase
MacLeod feels it’s “the right time” for him to leave.
