Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
BankingTech
Almost half a million Monzo customers affected by data breach
The data leak allowed staff engineers access to PINs stored in encrypted log files.
Three lessons traditional banks can learn from their younger siblings
Teamwork, transparency and creating a competitive culture is key.
Federal Bank launches instant online demat account
It is the first bank in India to offer the service.
White paper: Agreement automation – Best practices to remove friction, improve compliance and achieve growth
Download the latest white paper from Onespan
Standard Chartered and Linklogis debut joint transaction on blockchain platform
The bank leveraged Linklogis’ WeQChain platform.
Oromia International Bank goes live with ICS Banks core banking system
OIB’s end-of-day processing has been reduced to less than 30 minutes as a result.
KKR to acquire majority stake in Heidelpay
The CEO of Heidelpay will remain as a long-term shareholder.
Judo bank breaks Aussie record with $400m round
90% of previous investors took part in the second funding round.
Big banks are driving fintech to the mainstream
And it’s happening faster than you think!
Video: fintech news weekly round-up – 29 July 2019
Some of this week’s news, in video format!
Nationwide to open innovation centre in London
The London facility will accommodate around 1,000 workers.
Top fintech stories this week – 2 August 2019
FNZ acquires GBST, LSE to buy Refinitiv, and more!
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
Microsoft and Publicis Sapient back world’s first fully digital trade bank
The UAE-based Anglo-Gulf Trade Bank aims to address global trade finance gap.
TSE launches data sandbox for securities tech
Tokyo Stock Exchange calls for data and innovation partners.
Are non-bank payment service providers doing enough to protect customers’ funds?
Some heady advice for non-bank PSPs to avoid regulatory action.
Merchants Bank chooses CALMS Compass for floorplan finance
The bank sees 60% growth since introducing self-serve solution.
Blockchain-focused challenger Bitwala raises €13m
The Berlin-based bank is now looking into expansion.
Banca Popolare di Sondrio adopts InstaPay
“Immediacy is the new standard demanded by users.”
Aspire scores $32.5 million raise
The company graduated from Y Combinator Winter 2018 batch.
Persado gets five-year deal with JP Morgan Chase
The AI firm generates better marketing copy.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
First Data and Bank of America end paytech partnership
Fiserv’s First Data will provide services to its current client merchants until June 2023.
Challenger banks in South Africa: who’s who and what’s their tech
A comprehensive list of South African challenger banks and banking services and the tech they are using.
Solution brief: Five benefits of open banking
Open banking is more than a one-off API. It’s a complete API strategy. Learn the 5 key benefits.
White paper: The importance of specialised standard software for MAD/MAR compliance
Learn the importance of specialised standard software for MAD/MAR compliance now!
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
FNZ acquires GBST after £150m deal
Its third acquisition in a month.
MeDirect chooses Crealogix for digital investment platform
The platform saw a successful launch in Belgium.
Nubank raises a staggering $400m
As it announces plans to expand to Mexico and Argentina.
Is the next fintech unicorn being built by ex-bankers in Poland?
Three Polish ex-bankers are building their own challenger banks in Poland right now, as you’re reading this.
Case study: why a banking service provider migrated to containers
Banking service provider figo builds a containerised infrastructure to meet goals for speed, scalability and security.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
Wematch unveils Euro IRS platform with 10 banks onboard
JP Morgan, RBC, HSBC and Societe Generale are among the initial banks.
Synechron launches new Libor impact analysis software
Its Accelerator uses data science to address the industry benchmarking challenge.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
Mbanq backs Arival Bank by acquiring shares
Arival also has its sights set on a Series A round of $10 million later this year
New Zealand bank TSB goes live with Temenos Infinity Digital Onboarding
Included in the short implementation period was an API-based connectivity
Banking Technology Awards 2019 are open for entries
The Early Bird 10% discount deadline is 31 July 219, the awards close for entries on 31 August 2019
