Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
Innovation
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
Video: fintech news weekly round-up – 16 August 2019
Some of this week’s news, in video format!
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Secured cards: public relations ploy or financial health builder?
They can be a critical tool for financially vulnerable people.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
Australia visits UK to talk future of fintech
Talks centered around the opportunities of open banking in Australia.
Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
Calypso and 2021.AI team up to leverage AI in finance
The partnership will optimise Calypso’s back-office processes.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
Declaring time of death and other ways of surviving doing business with big banks
Don’t be afraid to declare time of death when it is true: it is not an admission of defeat.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Biz2Credit commits $10m to fintech training initiative
Biz2Credit will fund training of 100 of its employees.
Jack Henry core banking solution attracts 57 new users in 2019
A record year for the technology provider.
Blade raises $4.3m from Coinbase
The crypto derivatives exchange is launching in three weeks.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
Plug and Play welcome Abu Dhabi Commercial Bank
ADCB stands at a market capitalisation of AED 58 billion.
B3 and Itiviti join forces for global connectivity
The stock exchange’s members can access the NYFIX portal.
Reshaping the banking experience
It’s time to stop looking at digital as the only key to client satisfaction.
Ask the expert: your questions on growing the business answered
When is the right time for a founder to take a step back from the business?
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Female-led Handdii raises $1.5m led by Scale Investors
Scale Investors focuses on high growth women-led tech companies.
Banking platform for freelancers Joust raises $2.6m
The neobank allows workers to get paid faster.
Walmart announce application for cryptocurrency
Shoppers’ money would gain interest in a makeshift bank account.
Turn to commercial banks for treasury management innovation
Commercial banks are taking up a starring role.
Monarch creates first recurring crypto payments system
The solution will enable the likes of Netflix and Hulu to accept crypto.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
Envestnet’s CEO admits lawsuit sets them back
The $100m lawsuit has significantly disrupted “several clients and prospects”.
Brex competitor Ramp Financial raises $7m
The start-up is in the early stages of product development.
Sherpa Technologies partners with fintechs to help credit unions
Application open on 15 August.
Banking Technology Awards introduces awards for tech vendors
Ovum Technology Innovation Awards are now open for entries!
FinMkt closes $5m Series B
It provides highly customisable tech for the online lending industry.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
NatWest launches voice tech for banking pilot
It’s testing exclusively with Google smart speakers for this pilot.
