Fintech funding round-up: 5 February 2018
First one of February features Ohpen, Penta and Behalf.
FinTech
Women in fintech: people will be empowered by connectivity
Swiss RE’s Cecilia Sevillano talks about her journey in the industry.
Virtual agent Amelia answers Credit Suisse’s call for tech support
IPSoft’s virtual agent Amelia is not just smart, but also has human qualities such as emotional awareness.
UK government pushing for cybersecurity clarity
Plans to simplify incident responses and a reduction in fines.
Standard Chartered signs for Moneythor’s digital banking toolkit
The project is in line with Standard Chartered’s objective to be “the digital bank with a human touch”.
Xero and Kaseya form data sharing duet
Cloud-based accounting platform and IT management solutions provider get together.
Where top US banks are betting on fintech – CB Insights
Research company CB Insights has mapped out where the top ten US banks are investing in fintech.
Industry alignment or industry confusion – what is a financial institution?
How industry labels and market segment boxes are no longer so revealing.
Fenergo and Arachnys forge strategic partnership
Client lifecycle management tech specialist Fenergo has formed a strategic partnership with regtech provider Arachnys.
Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
PSD2: empowering banks and customers and not devaluing them
With the PSD2 compliance deadline having just passed, in this series we speak to some of the relevant firms both in and out of the U.K. about what this means for them and how the industry should move forward. In this installment, Finovate speaks to Brian Costello, Chief Information Security Officer, Envestnet | Yodlee about what […]
Tuition.io to power student loan repayment for Estée Lauder employees
Student loan repayment platform Tuition.io has landed a major client in the US, Estée Lauder.
Spanish fintech Finect raises capital as BME takes minority stake
Bolsas y Mercados Españoles (BME) bought a 9.7% stake in Spanish fintech Finect for under €1 million.
CollectAI partners with Pay360 for UK launch
Accounts receivable and debt collection management company collectAI has made inroads into the UK.
Chinese banks connect with London’s FX market
R5-SHCH Connect has gone live for “closer financial market activity between the two nations”.
The five myths of Open Banking
Five key myths have been allowed to percolate in the minds of consumers and it’s high time these were busted.
Case study: Sberbank – tech them on
Sberbank now benchmarks its performance against technology companies not other banks.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Alibaba acquires 33% stake in Ant Financial affiliate for fintech fuel
Looking to “participate in the future growth” of the fintech sector.
SoFi reportedly cutting 65 jobs from mortgage division
The Wall Street Journal reports the firm is looking to make its mortgage process more automated.
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
Bitbond and 1741 Fund Management launch alternative investment fund
Institutional investors will have access to SME loans originated through Bitbond’s lending platform.
Salesforce invests in nCino
Cloud-based banking tech vendor nCino has reeled in investment from Salesforce Ventures.
UK SME lender Ezbob raises $21m from Russian PE firm
Investment from Moscow-based firm Da Vinci Capital Management.
Amex acquires AI travel aide Mezi
Getting in on messaging market with tidy acquisition of personal travel assistant Mezi.
Interview: Udo Kock, deputy mayor, Amsterdam
What makes Amsterdam a “global village”?
Banking Technology February 2018 issue out now
Vision dreams of passion. And all the while I think of fintech.
TSB to invest £100m into UK’s SME sector
An initial tranche of £30 million will be invested via TSB’s new investment vehicle, BlueWaves.
Cambridge Blockchain and IHS Markit target KYC market
Will offer integrated reference data, operations and software.
Challenger bank Fiinu to put people before profit
Digital bank Fiinu plans to launch in early 2019.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
BPCE signs for Meniga’s digital banking tech
Meniga’s tech will be implemented at BPCE’s Banques Populaires and Caisses d’Epargne in France.
SEC stops alleged AriseBank ICO scam
To prevent investors being “victimised by what we allege to be an outright scam”.
Coconut launches business current account for self-employed
Coconut “cracks open” its app-based business account for freelancers and self-employed people.
Rabobank ventures to fintech frontier with $60m fund
Welcome to Rabo Frontier Ventures – and its focus on early-stage fintech firms.
Tesobe powers Santander’s first hackathon
Springs into action via Open Bank Project’s sandbox technology and expertise.
Kabbage expands line of credit
US alternative lending start-up now offering up to $250,000.
Wealthfront launches homeownership planning tool
The pressure is high in today’s US housing market – home buyers feel the need to buy.
Fintech in 2018 – collaborating for the future of fintech
How to ensure the success of innovative new solutions is assured.
Western Union unveils fintech centre in India
New 125,000 square feet facility in Pune will employ more than 1,000 individuals.
