United Bank of India launches voice banking
FSS offers the solution in partnership with Amazon.
Partnerships
JP Morgan and Societe Generale invest in trader fintech Wematch
Wematch is changing the way voice-traded financial markets operate.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
Plaid reveals strategic investments from Mastercard and Visa
Plaid says there’s opportunity to align with Visa and Mastercard.
Ping An Global Voyager Fund and Raisin invest in Joonko
The seed round raised €10 million.
TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
CFPB and state regulators launch US consumer network for fintech
The network will drive competition, consumer access and financial inclusion.
JD.com fintech affiliate launches new digital wallet in Thailand
JD Digits has partnered with Central Group to launch digital wallet app Dolfin.
Grupo Crédito Agrícola launches new banking app “moey!” with Meniga
The app will give Crédito Agrícola customers budget advice.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
South Korea and Indonesia fintechs collaborate on accelerator lab
SFG and CoHive has officially launched the Shinhan Future’s Lab Indonesia.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Nationwide partners up with Qlik
The primary goal is to make all employees across the organisation ‘data enabled’.
NAB launches cybersecurity alliance in Victorian parliament
The bank has partnered with La Trobe University to provide cybersecurity workforce development.
BNP Paribas teams up with Kantox
This enables them to jointly offer Kantox’s Dynamic Hedging solution to BNP Paribas’ EMEA clients.
ING teams up with Dutch supermarket and US tech start-up
The bank is piloting a cashierless store at Albert Heijn in cooperation with AiFi.
Goldman Sachs lends Mexican start-up Konfio $100m
The companies had “several” event run-ins.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Apis acquires majority stake in paytech Tutuka
It was attracted to Tutuka’s strong presence across 19 emerging markets.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
Merck Sharp & Dohme FCU adopts Fiserv’s biometric authentication
The system uses palm readers to verify both members and employees.
Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
Allied Irish Banks chooses nCino for core technology
Accenture will be acting as the systems implementation partner
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
Standard Chartered chooses Traydstream AI solution
Traydstream begins with the global trade export market in Singapore.
B-North chooses Mambu and nCino for core technology
B-North is still awaiting a licence from the FCA.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
Trustly serves Alibaba’s European customers via Ingenico
Alibaba serves ten million buyers.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
EWPN and EPA collaborate on boosting equality in the finserv industry
EPA’s report shows 57% of those surveyed have personally experienced gender discrimination.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
