Stripe lives up to hype with $245m funding raise
US-based mobile payments provider now valued at $20 billion.
PayTech
JP Morgan expands blockchain payments network to 75 banks
Expecting to process 14,500 payments per day.
SIA seeks fintech paradiso with new open banking platform
Italian firm wants to embrace almost everyone.
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
Smart pay solutions for children: what every parent needs to know
Children are swapping piggy banks for prepaid cards and smart payment services.
US paytech Elan sold to Fiserv for $690m
Elan comes with revenues of over $170m.
CFCU Community Credit Union in tech revamp with Fiserv
CFCU Community Credit Union has signed for a suite of solutions from Fiserv, Digital EdgeSM.
NPSO releases first details on New Payments Architecture
The details are around new procurement process for the clearing and settlement layer.
Open Banking shouldn’t be written off, the revolution is just starting
Realising the benefits that Open Banking will deliver will take time.
Banco BPM is Cristal clear on instant payments
Italy’s Banco BPM has selected Worldline’s Cristal for its instant payment platform.
Revolut records annual loss but revenue grows fivefold
Revolut’s 2017 revenue stands at £12.8m and customer base at 1.3m.
Tiffany & Co and Worldline unveil UK’s first luxury vending machine
The world’s first all-in-one Android-based payment terminal now in the UK.
Fintech Bread lands $60m funding
Bread’s revenue has increased fivefold so far this year.
Credit scoring firm Cortera lands $10m funding
B2B credit scoring company Cortera has landed $10 million in funding,
DefenseStorm forges partnership with Alogent
A reminder of the importance of cybersecurity to the world of digital banking.
Top fintech stories this week – 21 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Virtual money assistant Cleo really gets $10m funding
The “Siri of personal finance” speaks about its Series A investment.
WorldRemit keeps customers updated via WhatsApp
First in the UK for digital money transfer firm.
Equifax fined £500k for UK security breach
15 million UK citizens were affected during the cyberattack in 2017.
Hackers steal $60m from Japanese crypto exchange Zaif
Owner Tech Bureau asks for $44.5m in financial assistance to deal with issues.
CardFlight makes SwipeSimple tech better all right
Mobile POS and payment technology firm is flying high.
Curve card gives zero FX
Firm is looking to stand out with its currency conversion fees.
RippleNet struts along more payment corridors
Ripple’s enterprise blockchain network now live in 40 countries.
High noon for UK’s “Wild West” crypto-assets
Treasury Committee puts on sheriff’s star and shoots straight.
Helios takes a shine to TPAY with majority stake
Africa-focused private investment firm gets 76% stake in paytech.
Europol warns of crypto cyberattack increase
Its 2018 Internet Organised Crime Threat Assessment makes for grim reading.
iSignthis acquires core banking tech vendor Probanx for €400,000
iSignthis paid €300,000 in cash and €100,000 in shares for Probanx.
Denmark’s central bank turns to SIA for new RTGS system
Later this year the country will be connected to Target2-Securities.
Stripe makes it Terminal for programmable POS
Stripe Terminal takes an online presence into the physical world.
Singapore unveils world’s first unified payment QR code
SGQR will be adopted by 27 payment schemes.
Ithmaar Bank and Eazy Financial Services team for biometric payment network
Bahrain-based Ithmaar Bank and Eazy Financial Services to launch the region’s first biometric payment network.
UK banking tech firm Cennox gets £24m funding from RBS and NatWest
Surrey-headquartered firm plans more staff and acquisitions.
Church of England considers Wonga buyout
People who say they have morals could be coming to fintech.
Amex to pilot Neener Analytics tech in Middle East
Amex’s Accelerate Middle East to pilot Neener Analytics’ social media analytics tools.
What customers can expect from Wonga going into administration
It is unlikely that the firm will disappear like Woolworths and Blockbuster.
Global Digital Banking Conference – Europe 2018: cash is being murdered
The future of payments gets some attention at RFi Group’s London event.
Klarna settles into UK with CBRF purchase
Close Brothers Retail Finance comes with a loan book of £66m and 600 merchant clients.
Interview: Yves Tyrode, BPCE – journey to the centre of tech
Yves Tyrode, chief digital officer at BPCE, is on a mission to deploy a whole new digital strategy.
Dwolla shuts last branded product Transfer
Dwolla will now focus on its white-label business money transfer product.
250 ATMs closed monthly in the UK
A report by Link reveals “alarming” closure numbers.
