Fintech Connect Live 2017 is a gathering of some of the biggest players in the fintech. With the looming rise of open banking and the cryptocurrency surge, it’s the smaller start-ups and innovators of smart technologies in banking that are making headway with use of artificial intelligence (AI), machine learning (ML).
Blockchain and Bitcoin round-up – features a nasty hack on NiceHash; Pundi X in Indonesia; a Deluge Network for ICOs; and Blockchain Centre Vilnius in Lithuania.
Real-time app security platform Prevoty has got an investment of $13 million. The Series B round was led by Trident Capital Cybersecurity, and featured participation from existing investors such as USVP.
Israeli investment group Viola has tuned up nicely with an initial closing of $100 million toward a target of $120-$150 million for its new global fintech fund.
Supply and demand are the bedrock of market-based economics. To achieve economic equilibrium, supply and demand must be in balance. If one is too high or too low, the system is in a state of disequilibrium, associated with inefficient allocation of goods – not a healthy state.
The UK’s Financial Conduct Authority (FCA) is now accepting applications from fintech firms to be part of its fourth sandbox phase.
Consumer interest in digital currency is at an all-time high. Much of this is thanks to Bitcoin and so this week is the perfect time for global banking company Revolut to launch cryptocurrency trading on its platform.
CoreOS is continuing to move up the stack by adding developer services into Tectonic, the start-up’s Kubernetes implementation.
IBM is ready to start shipping the first commercial server systems built around its recently released Power9 processor. Dubbed the AC922 Power Systems, these servers will ship by the end of December, and are specifically designed for artificial intelligence (AI) workloads.
New financial services challenges – are you ready for Modern Payments Systems, IoT and blockchain?
Nick Kerigan, MD of Future Payments at Barclaycard, looks at how innovation is helping the payment industry to balance offering seamless payments with keeping people in control of their money.
Paytech firm Wirecard is collaborating with sendhybrid, a company linked to the Austrian postal service Österreichische Post, to offer electronic post-box users a payment service to settle public sector digital invoices.
Coming straight after Friday’s (1 December) fintech funding action, here’s another round-up to take the Monday blues away. This round-up features Oakam, KeyBank, Snapsheet, Payrailz and Elsen.
Technology start-up Kuzzle, the open-source backend solution for mobile, web and internet of things (IoT), will launch its latest solution for digital banking at FinTech Connect Live in London.
Our latest blockchain and Bitcoin round-up features R3’s Corda and AWS; gambling with McDonalds; XinFin in Singapore; and Cardano Foundation and Z/Yen Group teaming up.
Calastone has revealed its funds transaction network will be migrated onto a full blockchain-enabled infrastructure in 2019.
The Saudi Stock Exchange (Tadawul) has chosen Nasdaq to overhaul its post-trade technology infrastructure, which includes registry, depository and risk management technologies.
Diane Bryant’s leave of absence at Intel has become permanent, as she’s joining Google Cloud as COO, working with Diane Greene.
Equinix has announced a major expansion of its Equinix Cloud Exchange and in the process, dove much deeper into the enterprise market.
Recent cyberattacks, such as the October 2017 Swift attack, show how vulnerable financial firms across the globe are to the machinations of hackers.
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
Challenger bank Countingup is the latest firm to call on London-based HooYu for its innovative identity confirmation services.
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme. The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance. According to the hub, over […]
BS/2, a Lithuanian banking technology company, and VisionLabs, a face recognition software provider, have teamed up to fight financial crime by offering contactless identification for self-service terminals. The duo will offer an integration solution – using BS/2’s ATMeye.iQ, a self-service video surveillance and fraud prevention system, and VisionLabs’ LUNA face recognition platform. The solution uses […]
While Amazon Web Services (AWS) is considered the undisputed leader in public cloud services, the company continues to make improvements to its platform. Security is now the next step, reports Enterprise Cloud News (Banking Technology’s sister publication). At its re:Invent 2017 customer showcase in Las Vegas this week, AWS unveiled its new security service called […]
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
“We have created a more digital, agile and flexible TSB,” stated Paul Pester, CEO of TSB, at the unveiling of the bank’s new technology platform, Proteo4UK.
Quickly following on from yesterday’s (30 November) blockchain and Bitcoin round-up, here’s more action. Features money laundering in Japan; Coinsource ATMs in Georgia; Cardano Foundation, IOHK and Emurgo teaming up; and PwC in Hong Kong. Over in Japan, Kyodo and Jiji news sites have reported 170 cases of suspected money laundering linked to cryptocurrencies were […]
The agreement by Silicon Valley accelerator Plug and Play and Abu Dhabi Global Market (ADGM) is the latest sign that the hot MENA fintech sector is about to get a lot warmer, reports David Penn at Finovate (Banking Technology’s sister company). The new partnership calls for Plug and Play to open a new office in Abu Dhabi […]
Thanks to a new partnership between RightCapital and Envestnet | Tamarac, financial advisors on RightCapital’s platform will be able to use Tamarac’s API to directly access account and holdings information from their clients, enabling real-time financial and tax planning advisory, reports David Penn at Finovate (Banking Technology’s sister company). RightCapital’s technology used Monte Carlo simulations to enable […]
Amazon Web Services (AWS) is launching the PrivateLink private network service to allow Software-as-a-Service (SaaS) developers to provide private endpoints to users, increasing security for enterprises by eliminating the need to expose data to the public internet, reports Enterprise Cloud News (Banking Technology’s sister publication). AWS PrivateLink also connects services across multiple accounts and virtual […]
VMware continues to expand beyond its traditional role in the virtualisation market into areas such as cloud computing and software-defined data centre offerings, and the company’s bets on these areas are paying off, reports Enterprise Cloud News (Banking Technology’s sister publication). The firm released its third-quarter financial results, beating Wall Street expectations by $0.07 per […]
There is another wave of cuts as the Royal Bank of Scotland (RBS) is closing 259 more branches and axing 680 jobs. This development follows the previous branch closure announcements which resulted in over 500 branches being lost. In June, RBS said 443 jobs are to go from its business loans department. Many of these […]
Triodos Bank in the UK stands out from the crowd for its ethical values but can it now kick on with a leap into the current account market? Banking Technology talks to UK MD, Bevis Watts, about this major development and the technology that underpins it.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
CNP Cyprus insurance holdings has chosen Profile Software’s IMSplus solution to manage its assets and fund management requirements to achieve “operational efficiency”.
Customers of Lloyds and Bank of Scotland have reported a host of payment processing problems as UK banks yet again fail to deliver banking services. In the repellent realm of Twitter, some users reported that wages weren’t paid at the end of the month. With the processing system down, bosses couldn’t pay their staff and […]
Allianz with its in-house incubator, Allianz X, has switched gears and pivoted towards a new range of digital investments.
Coming straight after yesterday’s (29 November) fun and games, here’s another quick summary of the blockchain and Bitcoin action. Features the European Central Bank, Tieto, Coinsilium Group and StartupToken. Well, Bitcoin went past $11,000. And then dropped. As you read this it will have changed again. So, opinions are aplenty. And… banks should speed up […]
