UBS, Wealthfront nix $1.4bn acquisition deal
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
Partnerships
Momentum Metropolitan taps Duco for no-code data automation solution
Momentum went live with Duco’s platform as part of a wider data automation strategy.
Danish fintech start-up Moneyflow lands €250m in debt financing
Moneyflow says the facility will help accelerate the rollout of its embedded finance services.
White paper: The global fintech landscape – challenges, collaboration, and cloud
InterSystems’ research with the insights of over 500 decision makers within fintech organisations.
Mahalo tapped by Rocky Mountain Credit Union for digital banking upgrade
Mahalo’s banking platform will integrate various customer channels with the credit union’s core.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
New digital bank Trust launches in Singapore
Trust Bank’s shareholders have invested $285 million in the new challenger.
Banking Technology Magazine September 2022 issue out now
Cover story: MONEY PUZZLE – Helping US arrivals get on track financially.
Darlington Building Society taps LexisNexis to help fight fraud
The firm will look to utilise LexisNexis’ RiskNarrative platform.
Vietnam’s BIDV goes live with trade finance tech by Surecomp
Surecomp’s DOKA and allNETT solutions will support the ongoing growth and digitisation plans at BIDV.
Pan-African banking group Ecobank launches fintech challenge
The challenge has a top cash prize worth $50,000 and is open to early- and late-stage fintech start-ups.
PayTech Awards 2022 Winners Supplement out now
Commending the most impactful, innovative and successful projects, products and people in payments.
Nationwide partners Moneyhub for open banking payments tech
Moneyhub’s open banking PIS technology allows savers to add money to accounts from day one.
Binance teams up with Mastercard for crypto payments card in Argentina
The Binance Card will convert crypto to fiat currency in real time at the point of purchase.
Taiwan’s SCSB taps Temenos for core banking upgrade
SCSB will adopt Temenos’ core banking, payments and data lake solutions.
Alternative investment fintech iCapital to acquire UBS Fund Advisor
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
Malaysia’s Kenanga partners Ant Group to develop financial services super-app
The app will offer stock trading, investment management, an e-wallet, crypto trading and FX capabilities.
Japan’s Iyo Bank picks DTCC to automate post-trade services
Iyo Bank has tapped DTCC to achieve “no touch” post-trade processing for equities and fixed income transactions.
Capital on Tap lands £200m credit line from JP Morgan and Triple Point
Capital on Tap says the funding will help SMEs access credit at a time when the UK is anticipating a recession.
BCFC selects Codebase Technologies & Atyaf eSolutions for digital upgrade
BCFC hopes to enhance the infrastructure of its mobile and web customer channels.
Capital markets firm Davy taps Torstone for post-trade processing solution
Davy will deploy the Torstone Platform for its post-trade processing.
C2FO and Vic.ai team up for AI-powered invoicing solution
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
AJ Bell taps Lloyds for FundBy Bank payment solution
The solution will offer users an alternative to funding transactions through card payments or online banking.
First Federal Bank of Kansas City debuts new digital banking platform
The new digital offering is powered by enterprise solutions provider Narmi.
DTCC launches DLT-powered settlement platform Project Ion
The new platform leverages R3’s Corda DLT software.
OneBanx taps regtech PassFort for know your business solution
PassFort says the solution will enable “seamless” onboarding for business customers.
UnionBank selects Avaloq to power wealth management platform
The Filipino firm will implement the Avaloq Core Platform.
BankProv and Republic partner to offer escrow accounts to capital-hungry firms
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
Digital banking tech provider Bankjoy signs up UMe Credit Union
UMe members will be able to access Bankjoy’s digital banking platform, including mobile and online banking.
Investment platform Vyzer taps Salt Edge for open banking API solution
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
Lithuania’s OKEO taps Mambu for multi-currency payments offering
Founded in 2019, OKEO provides payment services and IBAN accounts for businesses in Europe.
North International Bank selects Temenos to modernise digital banking services
The Caribbean bank has gone live on Temenos Banking Cloud.
P2P lender Assetz Capital agrees £200m funding partnership with Aeon
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
Crypto ecosystem Nebeus partners Modulr to bridge fiat and crypto
Nebeus will be able to issue branded virtual and physical cards across the UK and Europe.
Zurich Cantonal Bank taps NetGuardians to tackle payments fraud
NetGuardians uses behavioural analytics, artificial intelligence (AI) and machine learning (ML) to detect fraud.
Paytech consultancy Focused Labs joins Stripe partner ecosystem
Focused Labs builds custom software products and integrations, including core payments infrastructure.
Trustfolio teams up with Equifax for open banking-powered debt advisory solution
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
Banks, broccoli and the peril of going out of date
Like broccoli, a bank can go out of date before anybody realises.
Lendflow partners Ocrolus to streamline credit decisioning
Ocrolus’ document automation technology will help Lendflow better analyse more data.
Bank Islam taps Kestrl to offer financial management tools in Be U app
The firm will incorporate Kestrl’s personal financial management tools into Be U by the end of the year.
