Fintech funding round-up: 25 October 2017
More of the latest stories from the fintech funding world. Features Verrency, Countingup, Finn.ai and Bud.
BankingTech
Zain Bank signs for Path Solutons’ iMAL core banking system
Zain Iraq Islamic Bank for Investment and Finance, a start-up retail bank in Iraq, has opted for the iMAL core banking system from Path Solutions.
Hellenic Bank in paytech overhaul with Fiserv
Cyprus-based Hellenic Bank is modernising its payments platform with paytech specialist Dovetail (now part of Fiserv). The new solution will support Swift, Target2 and SEPA credit transfers at Hellenic Bank.
SIBOS Interview: Deutsche Bank – impact of regulations
Christian Westerhaus, Global Head of Clearing Products, Cash Management, Deutsche Bank, talks about the impact of regulations on the correspondent banking business.
First Data partners with UnionPay to enable in-store and online transactions in the US
International paytech firm First Data has partnered with UnionPay International to enable in-store and online transactions in the US allowing UnionPay card holders to shop at US retailers.
E-book: How Digital Lenders Can Win the Fight Against Fraud
Ready for the truth about fighting fraud? It’s not as futile as you might think. Yes, fraud is hitting digital lenders of all sizes… Pretty sizably. But recent research shows that with the right approach, it is possible to stop the bad guys and stem the losses—without slowing opportunity. Secrets of Success: How Digital Lenders […]
Westpac NZ in paytech modernisation with ACI Worldwide
Westpac New Zealand has completed “a wide-ranging banking technology transformation” with ACI Worldwide, according to the vendor.
Avaloq signs core banking tech deal with Bank of Asia
Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.
Clinc teams with Enacomm to bring AI chatbots to small banks and credit unions
Artificial intelligence (AI) fintech start-up Clinc is making its chatbot Finie more widely available through a new partnership with Enacomm.
BioCatch to power behavioural biometrics for Samsung SDS America
Behavioural biometrics and threat detection firm BioCatch is working with Samsung SDS America to combat fraud that occurs after a user has logged in.
Fintech start-up Ualá targets Argentina’s unbanked with new mobile banking service
Argentina-based fintech start-up Ualá has launched a mobile banking service app to champion financial inclusion in the country.
“World’s first” full-featured virtual banking assistant on Facebook Messenger launched by ATB Financial
Canada’s ATB Financial says it has launched “the world’s first full-featured virtual banking assistant on Facebook Messenger” to the bank’s nearly 700,000 personal banking customers.
IBM and Zelle team up to advance P2P payments
IBM says it has launched an “industry first” solution to support the full lifecycle of peer-to-peer (P2P) transactions, from the back office of financial institutions to the mobile device.
Validata gains quality assurance tech deal in Singapore
DevOps and application lifecycle management (ALM) tech specialist Validata has gained a new customer in Singapore to deliver quality assurance for its Temenos T24 upgrade project.
Four US banks sign for DCI’s iCore360 core banking tech
A Kansas-based banking software developer, Data Centre Inc (DCI), has signed four new clients for its flagship core banking system, iCore360.
Standard Chartered and SuperCharger return for third cohort in Hong Kong
SuperCharger, a fintech accelerator in Asia, has unveiled the opening of applications for its third programme in Hong Kong.
JP Morgan implements Mosaic MSX for fixed income data analytics
Mosaic Smart Data’s real-time data analytics platform, MSX, has been deployed by JP Morgan to optimise the productivity and profitability of its global fixed income sales and trading division.
ITS gains first core banking system deal in Morocco
Morocco-based Al Akhdar Bank, a joint venture of Crédit Agricole and Islamic Corporation for the Development of the Private Sector (ICD), has signed for a new core banking solution, Ethix, supplied by International Turnkey Systems (ITS).
International Islamic Bank live with new core banking system
International Islamic Bank (IIB), a greenfield bank in Iraq, has gone live with the ICS Banks core banking system from regional developer ICS Financial Systems (ICSFS).
WorldFirst’s multi-currency platform puts UK SMEs world in their hands
WorldFirst, an international payments business, has unveiled its new World Account platform for UK corporate customers, providing a range of international banking services to SMEs trading overseas who find it difficult to access through traditional banks.
Crime thriller: Trading Down, by Stephen Norman
A sneak preview of a debut novel by Stephen Norman, long serving CIO/CTO of RBS Global Markets and previously Merrill Lynch. A fast-paced crime thriller – published on 9 November 2017.
Diebold Nixdorf IMS Conference 2017: differing digital dreams
Diebold Nixdorf’s IMS 2017 conference continued with Czech Republic based, Air Bank, and its chief marketing and product officer Jakub Petřina, with a presentation and a touch of déjà vu.
ITF to become “the world’s first fintech bank”
A new bank, Into the Future (ITF), is gearing up for launch in Hong Kong and Singapore. Among its investors is Jim Rogers, an American businessman based in Singapore and the co-founder of the Quantum Group of Funds (which he started with George Soros).
Efigence partners with Alior Bank and Telekom Romania to launch Telekom Banking
Alior Bank’s Romanian branch has teamed up with Deutsche Telekom Group’s Telekom Romania Mobile Communications to develop a new digital financial service. And providing the online exchange for this service is none other than Alior Bank’s long-time partner, Efigence.
Stash reveals plans to launch mobile-first banking service
Mobile-first investment platform Stash is about to go mobile-first in the field of online banking. The New York-based start-up plans to offer a variety of banking services for mobile-centric customers.
Zighra launches flagship continuous authentication product
User authentication company Zighra has launched SensifyID, which provides continuous authentication and threat detection. SensifyID guards against account takeover, remote malware, social engineering, and bot attacks.
Roostify launches decision builder
Decision Builder, the latest solution from mortgage tech innovator Roostify, will give lenders the ability to provide loan applications with a clear, easy-to-understand view of all the borrower’s loan options – based on the lender’s actual product and pricing system.
Kony to launch digital banking solution leveraging Daon biometrics
Enterprise application and mobility solutions company Kony unveiled a new digital banking platform and suite of apps.
AlphaPoint teams with Intel to launch secure smart contracts solution
One way to make a smart contract even smarter is to enhance document access and security. Digital currency exchange platform AlphaPoint has achieved that with today’s partnership with Intel.
Top fintech stories this week – 20 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Blockchain and the Lycra principle: only when fit for purpose
Few ideas have captivated the modern payments and financial services industries like blockchain. Since Bitcoin officially launched in 2008, the noise around the potential of distributed ledgers and blockchain in particular has been incessant, particularly in the last two years.
SIBOS Interview: Swift – challenges for instant payments
Isabelle Olivier, Head of Securities Initiatives & PMIs EMEA, Swift, talks about the challenges for Instant Payments in Europe and the recipes for success.
SIBOS Interview: SunTec – benefits of digital transformation for banks
K Nanda Kumar, CEO & Founder, SunTec, outlines the benefits of digital transformation for banks. Follow us on Twitter @DailyNewsSibos Read all the latest news and views from Sibos 2017 online here or pick up a free print copy of Daily News at Sibos if you are at the conference!
SIBOS Interview: SunTec – a safe move into digital world
Amit Dua, President & Global Head – Client Facing Groups at SunTec outlines how banks can move into the digital world successfully and safely. Follow us on Twitter @DailyNewsSibos Read all the latest news and views from Sibos 2017 online here or pick up a free print copy of Daily News at Sibos if you […]
SIBOS Interview: DTCC – fintech and financial stability
Mike Leibrock, chief systemic risk officer, DTCC, details the firm’s framework for assessing the impact of fintech on financial stability. Follow us on Twitter @DailyNewsSibos Read all the latest news and views from Sibos 2017 online here or pick up a free print copy of Daily News at Sibos if you are at the conference!
SIBOS Interview: Deutsche Bank – gpi, de-risking and the future of correspondent banking
Marc Recker, Head of Market Management, Cash Management, Deutsche Bank, talks about gpi, de-risking and the future of correspondent banking. Follow us on Twitter @DailyNewsSibos Read all the latest news and views from Sibos 2017 online here or pick up a free print copy of Daily News at Sibos if you are at the conference!
SIBOS Interview: SOCGEN digital transformation and collaboration as business model
Pascal Augé, Head of Global Transaction and Payment Services, Société Générale, talks about the bank’s digital transformation project and collaboration as a business model. Follow us on Twitter @DailyNewsSibos Read all the latest news and views from Sibos 2017 online here or pick up a free print copy of Daily News at Sibos if you are […]
SIBOS Interview: SOCGEN – the impact of digital transformation
Bruno Prigent, Head of Societe Generale Global Securities Services, and Mathieu Maurier, Head of Coverage at Societe Generale Global Securities Services, discuss the impact of innovation and digital transformation in the securities services industry. Follow us on Twitter @DailyNewsSibos Read all the latest news and views from Sibos 2017 online here or pick up a free […]
Corporate banking: clear sky thinking
Swift’s global payments innovation (gpi) has taken giant steps towards solving many of the challenges corporates have faced with cross-border payments.
Daily News at Sibos 2017 top photos and captions – Day 4
Top pics and captions from Swift’s Sibos 2017 conference in Toronto!
