Kony partners with Payveris on digital money movement
Includes P2P and A2A payments, bill pay, and fraud mitigation.
PayTech
Lendstar’s fintech light shines no more
After five years, German firm has filed for bankruptcy.
Azimo partners with Interswitch for cross-border payments in Nigeria
Creating a Europe-Nigeria channel for the underbanked.
Contovista brightens up data for Swiss start-up Neon
Neon will use Contovista technology for its payment data analysis needs.
Compass Plus migrates first processing customer in Americas
Two-month migration for Brazilian prepaid card issuer BPP.
Google gangs up with Indian lenders to find new users
Working with Federal Bank, HDFC, ICICI and Kotak Mahindra.
Salary Finance raises $20m funding to launch in US
UK personal finance firm wants to make waves across the Atlantic.
Stripe and Visa join $8m funding round in African start-up Paystack
Nigerian payments firm also gets help from Tencent and Y Combinator.
Wonga no longer?
UK payday lender on edge of collapse.
Challenger QPay launches for students in UK and Australia
Canberra-based firm also plans to become a bank.
Paytech Paidy sitting pretty with Visa investment
Japanese post-pay outfit goes public with Visa backing.
Indian start-up PaySpoon dishes up mobile credit
Lendtech and paytech firm wants to be a quick fix.
Deutsche Bank takes equity stake in Modo Payments
German bank plans to expand B2B and B2C payments.
PaySimple goes mad for email marketing
Unveils partnerships with MailChimp and Constant Contact.
Top fintech stories this week – 24 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wrath and woe as Revolut unleashes AML crackdown
Challenger responds: “We’re really not sure what the story is here.”
Malaysian insurer TPM launches SmartPesa’s POS devices
Policy payments on the spot.
Shoeboxed acquired by Earth Class Mail
Receipt and business card digitisation firm unboxes some major news.
Kenya’s Equity Group turns Finserve subsidiary to fintech
Its MVNO is now an autonomous commercial enterprise.
German minister calls for independent EU Swift payments network
To bypass the US sanctions on business with Iran.
Flipkart vies for voice-powered shopping with Liv.ai acquisition
Indian e-commerce firm thinks voice will become a preferred interface.
UK banks urged to drop blame game in fraud claims
Financial Ombudsman Service wants banks to investigate cases more.
First Data teams with Ellie Mae for lending payments
Customers can accept payment for costs related to loan origination and processing.
Paytm launches AI cloud for India
Designed for developers, start-ups and enterprises.
Alipay unveils paperless tax refund service in South Korea
Aimed at Chinese tourists in the country.
Double downer for CBA banking Down Under
Not the first time this year.
UK paytech Previse gets $7m funding prize
Round is led by Augmentum and Bessemer Venture Partners.
Protean Risk unveils new fintech and payment services team
UK insurance broker demonstrates versatility and visibility.
Temasek favouring fintech investment over US banks
Singapore-based firm sees it as a more profitable industry.
US blockchain platform Bravo Pay basks in beta mode
Firm offers a way to tip or pay without sharing personal info.
Standard Bank’s online escrow service Shepherd meets its end
No explanation as to how or why from the South African bank.
Temenos and Luxhub’s API team get first client Fortuna Banque
Luxembourg-based cooperative bank looks at open banking.
Payworks to power new POS tool for Bambora
Duo will launch Bambora Connect – for POS software providers and merchants.
Bitt the builder for Curaçao and Sint Maarten’s digital guilder
Caribbean central bank turns to fintech portfolio firm.
Holvi takes Uber drivers to financial heights
Two have joined forces to help Uber’s drivers manage their finances.
Moneyhub expands platform with payment initiation services
UK firm secures PISP authorisation from Financial Conduct Authority.
Konsentus gets PSD2 with new open banking sandbox
Regtech wants to help FIs get compliant.
Ondot brings card control tech to PSCU
Mobile payments firm comes to the rescue.
Danish start-up Jamii Pay in delicious launch
Brainchild of ex-PWC consultant Charlotte Rønje.
Postbank Kenya unveils mobile banking service M-chama
Targeting small savings groups.
