SmartStream partners with Finanz Informatik Solutions Plus
This will support reconciliation processes for financial institutions.
FinTech
SVS Securities enters administration
The FCA has opened an investigation into the company.
ASOS and Klarna bring flexible payments to the US
The US will pay in four scheduled bi-weekly instalments to reflect the US salary schedule.
BHF Rural Bank pilots programme with PearlPay
BHF becomes first ever Filipino rural bank to use core banking solutions.
Ipagoo enters administration
This was to protect the interests of Ipagoo’s customers.
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
Standard Chartered and Linklogis debut joint transaction on blockchain platform
The bank leveraged Linklogis’ WeQChain platform.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
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!
Open banking law to boost fintech competition
It aims to shake up competition for consumers and boost start-ups against the big banks.
Crealogix moves to SaaS model
Profits have fallen but sales increased to over $100 million.
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!
New Zealand regulator suspends AxiCorp’s derivatives licence
The suspension is effective from 29 July 2019.
TSE launches data sandbox for securities tech
Tokyo Stock Exchange calls for data and innovation partners.
FNA raises $5.5m for AI-driven regtech
The firm collaborates with regulators manage financial risks.
Middle East’s first licenced crypto exchange Rain is live
It also closed a seed round of $2.5 million.
FCA provides clarity on current crypto-assets regulation
To ensure firms know if they are authorised and compliant.
Something for nothing or the fallacy of ecosystem conversations
Those “big block of cheese” meetings…
Persado gets five-year deal with JP Morgan Chase
The AI firm generates better marketing copy.
Line, Next and Rakuten receive Taiwan online banking permits
The FSC does not plan on issuing more virtual bank permits.
Stackin’ raises $4m for financial advice for millennials
Millennials can now be texted the best way to grow their money.
Legal & General inks its first fintech partnership
It will help diversify its product offering.
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.
Ask the expert: your questions on growing the business answered
My company is undergoing hypergrowth. How can I create a culture for business success?
FNZ acquires GBST after £150m deal
Its third acquisition in a month.
LSE in talks to buy Refinitiv for $27bn
The deal includes debt of $12.2 billion.
Banks and TPPs agree joint approach to PSD2
A statement outlined their joint efforts to transition to new payment rules.
Gay is for life, not just for June
Fintech firms can and must do more.
StashAway snaps up $12m in Series B funding
Its latest round brings the total funds raised to date to $20.4 million.
Helis Network closes $500k seed funding round
The firm aims to make decentralised finance accessible.
Paysend raises £8.5m for global roll-out
The fintech also launched its own digital currency, Pays XDR.
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.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
Digital US equities investment product launches in India
DriveWealth has partnered with Vested Finance.
Thailand grants Huobi digital asset trading licence
The company is the fifth to be granted a licence in the country.
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
