If you’ve got preconceptions about what fintech looks like and where it’s happening, then Aleksey Chubar, head of digital transformation at VTB, has news for you. Russia is becoming a hotbed of fintech innovation – not just domestically, but internationally too. More than that, the rapid pace of technological change in the country means you’ll soon wonder how you got left behind.
UK challenger bank Atom has partnered with user-generated content platform Reevoo to improve customer engagement and offer better purchase decisions. Using Reevoo’s platform, Atom says it collects reviews for its fixed saver account and mortgage products. These reviews are then displayed on Atom’s website, and have been included in various customer communications including newsletters and […]
The Bunker, a UK-based data storage and managed services provider, has launched a new sandbox service for start-ups seeking to develop applications for the financial services market and cope with regulations. It’s got some backing for its plans as innovation network Barclays Rise “will also play a supportive role in helping to identify early stage […]
Four stories in one for a fast fintech funding round-up. Features Ellevest, iZettle, GoCardless and MarketInvoice. New York-based fintech Ellevest, led by former Merrill Lynch CEO Sallie Krawcheck, has got itself $34.6 million funding. Ellevest is a bit different from the rest as it was founded to provide an investing experience to “help women meet […]
Al-Thiqa Islamic Bank, a banking start-up in Iraq, has opted for the ICS Banks Islamic system from ICS Financial Systems (ICSFS).
Fintech zeitgeist! This week Liz Lumley shares tips on how start-ups should speak to the press.
India-based Nainital Bank is gearing up to launch a new digital venture. It has recently gone to market to find a consulting and implementation partner to help it design, build and launch this venture as well as service it post-launch.
Zambia-based Zazu is readying for launch – as it targets being “Africa’s first digital-only bank” and offering a “more personalised solution” than a traditional bank. In November, it will launch with 1,500 prepaid debit cards. It wants to give these out to people who regularly use cards to make payments, so it can improve and develop […]
This morning I was having breakfast with a colleague. I paid the bill, and he sent me his share of the bill using our Monzo app. Before we’d walked out of the café, the money was in my account. Simple!
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Arguments, exchanges and something getting launched. It’s our blockchain and Bitcoin round-up. Features JP Morgan Chase, the Financial Services Agency of Japan and Wish Finance. There will be blood. Sort of. JP Morgan Chase CEO Jamie Dimon got plenty of attention with his scepticism and criticism of Bitcoin – calling it a “fraud”. Using the […]
London-based accelerator Startupbootcamp InsurTech is on the search for the next wave of insurance-inspired start-ups to “take the industry by storm”. Startupbootcamp InsurTech says the process of searching for and purchasing something on Amazon or booking peer-reviewed accommodations in a different country at the touch of a finger, condition people to “expect this fluidity and […]
Yes Bank, one of the largest banks in India, us calling for start-ups to apply for the second cohort of its Yes Fintech innovation programme.
Quickly following on from the fintech funding round-up on 11 September, here’s more action in a concise form. Features InfoSum, Neyber, Goldman Sachs, Forward Partners and BlackRock. Data tech start-up InfoSum has added $5 million to its seed funding, taking the total raised to date to $8 million. Joining existing investors Mark Suster (Upfront Ventures) […]
Around the world, the calls for start-ups ring loud and clear. Our fintech accelerator round-up features F10, Commerce.Innovated and Huge Thing. F10, a Swiss incubator and accelerator, is calling for applications from start-ups in fintech, regtech, and insurtech for its P2 programme. Applications close on 15 December. The P2 programme will start on 5 March […]
UK-based challenger bank Starling has gone live with its Marketplace, a new ecosystem of financial products accessible through its app. As reported in June, Starling said it would launch Marketplace at some point. This idea was first discussed back in April, when its developer portal went live. Now the marketplace is alive and kicking and […]
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Money is the honey keeping fintech sweet. Our latest funding round-up features Linxo, Rubique and TNG. French start-up Linxo, which offers a budget management app, has raised €20 million from Crédit Agricole, Crédit Mutuel Arkéa and MAIF (a mutual insurance firm) – bringing the funds raised since its launch to €23.2 million. MAIF is a […]
Instabank, a new digital bank in Norway, has implemented Provenir’s Risk Analytics and Decisioning solution. Delivered in the cloud, the system provides “a real-time, digital lending experience” for its Instabank’s customers, Provenir says.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
The fintech funding is on fire. Following on from yesterday’s (6 September) action, here’s another round-up. Features ABN Amro, Cloud Lending Solutions, Dataiku, EY and Innovate Finance. Amsterdam-based ABN Amro has made an undisclosed investment in US-based Cloud Lending Solutions (CLS) – the second by the bank’s Digital Impact Fund (DIF) and in line with […]
Tech City UK is looking for start-ups for a competition to find the best products and services from the fintech sector that promote financial inclusion. As part of the UK Government’s Digital Strategy, the Department for Digital, Culture, Media and Sport (DCMS) has asked it to hunt for the best across the country. The competition […]
Mambu has gone on the record about its core banking software project at N26, a German-based challenger bank. N26 is using Mambu’s flagship core system, provided on a Software-as-a-Service (SaaS) basis.
UK challenger bank Atom has been granted permission to offer retail deposits in Germany via a partnership with Deposit Solutions. Atom says customers in the country will get access to a range of fixed term products and so it will be able to “gather deposit funding from Europe’s largest savings market onto its balance sheet, […]
Wake me up when September sends a fintech funding round-up. Features Deutsche Börse, RegTek.Solutions, Finaeo and Now Money. Deutsche Börse and Illuminate Financial Management have co-led in a $5 million Series A funding round in RegTek.Solutions, a regulatory reporting solutions provider. As reported last month, the Regulatory Reporting Hub of Deutsche Börse launched a partnership […]
Berlin-based cybersecurity start-up Perseus is seeking to become a legend for the country’s SME market with a “one-stop solution”. According to fintech incubator FinLeap, which is behind the venture, more than 70% of German companies were affected by cybercrime activities within the last two years, but only one out of ten SMEs holds an insurance […]
EXCLUSIVE: Redwood Bank, a new SME-focused bank in the UK, has opted for a cloud-based banking platform. The front-to-back office solution is supplied by a local fintech firm, DPR Consulting, Banking Technology understands. It is hosted in a private cloud.
Basel Committee on Banking Supervision (BCBS) has published a report, “Sound practices: implications of fintech developments for banks and bank supervisors”, and is asking for public feedback until 31 October 2017.
Welcome to fintech central! Good service operating on all lines. The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Singapore-based B2B robo-advisor Bambu has completed a funding round, featuring a strategic investment from Franklin Templeton Investments and venture capital funding from Wavemaker Partners, part of the Draper Venture Network.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Audio ambitions, accelerators and an association. It’s our latest blockchain and Bitcoin round-up. Featuring Anryze, Starta Accelerator and the Russian Association of Blockchain and Cryptocurrency. Anryze, which provides a blockchain platform designed for speech recognition and analysis, has announced it will hold a token sale to develop its product and expand into new markets. The […]
Redwood Bank, a new UK-based SME challenger, has launched four months after securing its banking licence. The bank is now offering secured SME mortgages for business owners, as well as for “experienced” commercial and residential property investors. It has also launched a business deposit account. As reported in April, Redwood entered its mobilisation phase and […]
The continued rise of mortgage technology is set to be one of the biggest fintech success stories of 2017, predicts Julie Muhn, senior research analyst at Finovate (Banking Technology’s sister company).
Banknotes and stories of note. Our latest fintech funding round-up features Suretly, Ezetap and SparkLabs Global Ventures. Crowdvouching start-up Suretly, dubbed “Tinder for loans” (a lovely image), has raised $2.8 million. The online exchange offers micro-loan guarantees and secured the funding from the cryptocurrency community. SUR tokens issued by the company will be accepted in […]
Fraud prevention and identity verification firm Emailage has raised $10 million in new funding. The round was led by Anthos Capital, and featured the participation of Mucker Capital, Radian Capital, Tallwave Capital, and Wipro Ventures, reports Finovate (Banking Technology‘s sister company). “This investment will allow us to continue our rapid growth, enhance our leadership position […]
Due to high volume of requests, the deadline to enter Banking Technology Awards is being extended. The final chance to enter the Awards is now Friday, 8 September 2017. Nominate projects, products, services or partnerships for a Judged Award or tell us about inspirational people by nominating them for a Leadership Award. Full details on […]
Banking challenger Douugh has unveiled its artificial intelligence (AI) powered financial platform, guided by “Sophie” – a 24/7 personal assistant for finances. Andy Taylor, founder and CEO of Douugh, says: “We believe the future of banking is about platform, data and identity.” Douugh plans to use Sophie to offer better financial decisions for consumers. Services […]
Banking challenger Douugh has unveiled its artificial intelligence-powered financial platform, guided by “Sophie”—a 24/7 personal assistant for finances.
Dubai International Financial Centre’s (DIFC) inaugural FinTech Hive accelerator programme has started with the first batch of 11 finalists. As reported in April, DIFC called for applications for its FinTech Hive. The 12-week programme is designed to help early and growth-stage firms accelerate product and business development by gaining exposure to financial institution executives. Raja […]
