Goldman leads LumApps $70m Series C funding
The French start-up hits $100m in total funding.
Outsourcing
Siemen’s Mendix builds Rabobank’s new banking portal RaboDirect
The new portal will process front and back-office transactions.
Lloyds Bank teams with Microsoft to speed up its digital transformation
The partnership is part of the bank’s £3 billion commitment to technology investments.
Finxact appoints former Trump Treasury counsellor to board of directors
Core banking firm hires industry veteran.
Banco Sabadell kicks off $1bn hybrid cloud transformation with IBM
Spanish giant signs cloud services extension with Big Blue.
New challenges due to Open Banking and the benefits of instant payments
APIs are no longer seen as a difficult technical matter, but as a crucial building block.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Mitigating network outages in the financial services sector
How poor service levels from IT vendors are reflected in network outages and how to fix it.
Two UK credit unions live on TCS Bancs
TCS confirms Voyager Alliance and RetailCUre deployment of cloud-based Bancs.
Omnio lands €15m in private placement
Further €10 million anticipated in January 2020.
The desktop of 2020 and beyond
Clearly, these desktop application integration platforms need to evolve too.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
AI-powered pension solution Abaka raises $6.5m in Series A
The fintech says it’s “one of the biggest” investments for the pensions and retirement space.
Freelance payments platform Paydesk partners with TransferWise
TransferWise’s API will mean users won’t have to consult their bank to get paid.
Plug and play platform FintechOS raises £10.7m
The start-up enables banks and insurance companies to compete with challengers.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
BNY Mellon connects custody capabilities with SimCorp to improve data transparency
BNY Mellon and SimCorp expect mutual global clients out of the partnership
Finra selects Amazon Web Services to power CAT processing
The regulator has selected a bevy of Amazon solutions.
LatAm Evertec acquires commercial payments enabler PlacetoPay
The acquisition is a gateway for Evertec to tap Colombia and Ecuador.
Unpacking Europe’s 2019’s major tech milestones with NIIT
FinTech Futures breaks down this year’s trends with Gautam Samanta at NIIT.
Fintech API platform Rapyd raises $20m and hits $1.2bn valuation
The company is gearing up to make two acquisitions.
Berlin’s Raisin partners with Credorax to offer its German users retail deposits
Raisin is the first – and currently the only – company to offer Credorax’s retail deposits.
Legal & General outsources more of its investment arm to Charles River
The firm is moving closer to a centralised, cloud-based platform.
Klarna selects Amazon Web Services as preferred cloud provider
Swedish banking and payment firm puts AWS at the centre of new strategy.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
Co-operative Bank launches personalised loan marketplace with Freedom Finance
Successful applicants “could receive funds the same day”.
N26 selects Eurobase Siena to manage its treasury operations
Siena will manage the treasury operations of N26’s 3.5 million customers.
MoneyLive 2019: Here Mobility to help banks react to Uber and Grab’s financial play
The firm is offering a white label mobility solution to banks.
Epiphany CEO: We’re the only “truly open” banking platform in the industry
The CEO says other banking technology providers are “not really open”.
How to land a job in fintech
Expectations for fintech candidates have changed significantly.
Finastra hires Lisa Fiondella as chief data officer
She will be responsible for developing a data product roadmap.
iBanFirst acquires Dutch exchange firm NBWM
NBWM to deploy iBanFirst platform to clients as part of the deal.
Ex-Virgin Money execs’ venture Snoop gets FCA approval
It can now receive financial data from banks as a registered third party.
Decisioning platform Funding Xchange raises £8m
Former dairy farmer Katrin Herrling set up the company after the financial crisis.
Business payments platform Bill.com set to raise $100m in IPO
Underwriters listed include Goldman Sachs, BofA Securities and William Blair.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
CSConnect UK 2019: Security awareness never really works, says Mastercard’s Vocalink CSO
Mastercard CSO thinks behaviour is the real issue when it comes to security.
Canada’s Stradigi AI closes $40.3m in Series A funding round
The AI firm wants to expand further into the North American market.
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Investment firm Castle Trust to become UK challenger bank
The firm calls it the “natural next step”.
