UK Investment Association unleashes fintech accelerator
Asset management industry to get generosity from VeloCity.
FinTech
Montserrat gets blockchain Bitt for digital payments
Get that atlas out! Barbados-based Bitt’s DLT to fuel ecosystem for small Caribbean island of Montserrat.
Russia’s beta biometrics brings better banking security
Tinkoff Bank, VTB Bank and Pochta Bank have presented a beta version of their unified biometrics system.
I’ve spent nothing on marketing!*
The efforts that yield the best results are the ones that are thought through and consistent.
Hackers steal $6m from Russian bank via Swift
Russian central bank disclosed the information… very discreetly.
Algorand nabs $4m for blockchain aiming to avoid Bitcoin’s flaws
Straight out of MIT – and reckons it can solve the problems dogging Bitcoin and other digital currencies.
Onfido to provide digital ID verification tech to Bitstamp
Onfido has been selected by Bitcoin exchange Bitstamp to provide its ID verification during onboarding.
Overcoming the challenges: back-up and storage
Now is a good time for banks to achieve cost-savings and regulatory compliance.
Nxchange pioneers ABN Amro’s blockchain tech for escrow accounts
ABN Amro Clearing Bank (AACB) has developed a blockchain-based alternative for escrow accounts.
Coinbase customers bugged by overcharging caper
And a blame game with Visa begins.
Infinitec unleashes digital finance solution for German SMEs
A Software-as-a-Service solution for integrated finance management.
Coinbase launches crypto e-commerce acceptance
Digital currency wallet Coinbase is expanding its horizons with the launch of Coinbase Commerce.
Q2 and Acorns strike a multi-year tech deal
Digital banking solutions provider Q2 has signed a deal with financial services platform Acorns.
Top fintech stories this week – 16 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Japan Exchange Group goes live on Cinnober’s clearing and risk solutions
Launches new clearing system for exchange traded derivatives, based on Cinnober’s tech.
Fintech start-ups acquired by banks – CB Insights
2017 saw more acquisitions by top US banks than any other year.
SOKA-BAU in front-to-back office tech overhaul with Simcorp
German pension fund will implement the Simcorp Dimension platform.
BinckBank and Raisin double up for Dutch savings market
Launches new product “Binck Savings” – users can deposit funds with selected European partner banks.
UK money platform Nudgg pushes to launch
Allows customers to view all financial accounts in one place and make direct comparisons.
UK regulator plots global fintech sandbox
Financial Conduct Authority looking for views on the merits of a mega-model.
Payfone gets $23m in funding from Synchrony Financial
New round takes digital identity authentication company’s total funding to $93.6 million.
Clinc tops $4.5m in annual revenue
Conversational AI platform in the pink and hires a chief growth officer.
Mission to Mars: or how I manage to make everything about fintech
We don’t directly do good in our fintech-verse, but we push the world towards something better.
Fintech funding round-up: 14 February 2018
Special guest stars are Middleton Enterprises, Oradian, IdentityMind Global and Payworks.
Glossary: what’s what in fintech
What’s what in fintech? Here is a glossary of the most commonly used terms.
South African Reserve Bank mulls cryptocurrency regulations
Will also experiment with distributed ledger technologies – and ConsenSys helps out.
How fintech firms can take cover from cyberattacks
Revolutionising technologies are coming up by day and rendering most of the old business models obsolete.
Jack Henry marks 100 bank clients using Geezeo-powered PFM service
A major milestone in the Jack Henry and Geezeo partnership.
Fintech funding round-up: 13 February 2018
From India via Israel to Finland – starring MoneyOnMobile, Tipalti and Zervant.
Global fintech funding goes over $31bn mark
Brings the total over the past three years to $122 billion.
Distribution Finance Capital seeks UK banking licence
DFC is focused on providing additional working capital to product manufacturers, distributors and dealer networks.
LogMeIn goes for AI gold with Bold360 virtual assistant
A chatbot and virtual customer assistant to make service “more engaging and intuitive”.
TruFin steps into UK challenger bank zone
TruFin started trading on the alternative investment market of the London Stock Exchange.
SpherePay and TrueChain plan to bring cryptocurrencies into real-life transactions
Singapore-based mobile payment firm teams up with Chinese blockchain company.
CFPB unveils five-year strategic plan
Consumer Financial Protection Bureau vows to operate “more efficiently, effectively and transparently”.
More fintech firms embrace Starling’s Marketplace
New group of partners includes PensionBee, Wealthsimple, Habito and Kasko in partnership with AXA.
Dwolla lands $12m in funding
The funds will be used to support Dwolla’s growing capital requirements and to expand its team.
Singapore’s FinLab unveils SME accelerator programme
Four-month programme will start in March and eight places are up for grabs.
“I have lightbulb moments all the time – doesn’t everyone?”
What was Liz Maguire’s, head of transformation and digital at ANZ, lightbulb moment?
Fintech funding round-up: 12 February 2018
Featuring YapStone, Stash, Moneyfellows and Lendingkart.
