Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
Partnerships
Wealthfront acquires robo advisor Grove
California-based, Wealthfront, is acquiring financial planning fintech Grove for an undisclosed sum
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Credit union NEFCU chooses Fiserv for digital transformation
NEFCU has more than $3 billion in assets.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
Standard Chartered and SAP Ariba partner to serve APAC
Collaboration aims to accelerate digitisation of the entire supply chain.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Banco Galicia chooses Strands for mobile banking
Strands technology will become “a tool for financial education”
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
CAIS announces new insurance product with Schechter
CAIS connects financial advisors with alternative investments.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
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.
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.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
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.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Female founders become Accenture Lab’s new focus
This year Accenture wants to narrow the gender gap in fintech
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
Sherpa Technologies partners with fintechs to help credit unions
Application open on 15 August.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Credit unions and Payrailz launch CU Payz
The new fintech partnership is designed to give credit unions ‘next-generation products’.
Nets and Przelewy24 create a strategic alliance
Its now one of the largest online payment service providers in Poland.
Fintech partnerships: the real benefit of Open Banking for incumbent banks
A deep dive into where the real value lies in Open Banking for incumbents.
