EasyMoney hooks up with HooYu for identity verification
Since the integration of P2P lending, EasyMoney needs to up its KYC and AML game.
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Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Wealthtech Sarwa raises $1.3m in funding
Automated and human investment advice catching on.
Deutsche Börse sets up DLT and crypto unit
Also makes an initial investment in HQLAx.
Infographic: Open Banking – progress update
Courtesy of the Open Banking Implementation Entity (OBIE).
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
HKMA receives 29 applications for virtual licences
Only ten might meet all requirements.
Funding Circle plans to raise £300m in IPO
Lending platform’s plan was first revealed in January. Now it’s official.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Warren Buffett’s Berkshire Hathaway invests $300m in Paytm
Berkshire joins Ant Financial, SoftBank and Alibaba as investors.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Scotland’s DataVita secures £4.6m funding from Santander
Data centre and cloud services provider not short of bread.
Rakuten acquires crypto exchange Everybody’s Bitcoin for $2.4m
Japanese e-commerce firm might get everybody talking.
Bank of America closing immigrants’ accounts
The bank is reportedly demanding an update in residence documents.
Australian challenger bank Tyro ties up with Alipay
Says it’s the first Australian bank to integrate with Chinese paytech titan.
Wirecard Brazil widens payments scope
Everyone wants to become more attractive in Brazil.
Fiserv flaw exposed customers’ banking data
The flaw (now fixed) reportedly affected hundreds of banks.
Line launches cryptocurrency Link
Japanese firm says it will not make an initial coin offering.
Bangkok Bank calls for banging fintech start-ups
Bank is egged on by Nest to drive Thailand’s ecosystem.
Cybercrime crew Cobalt goes phishing in Eastern Europe
Cyber researchers at Netscout put out a warning.
Financial crime fighters unleash intelligence sharing platform in UK
Acronyms assemble! PIMFA and FCI launch PIMFA-AECIS platform.
Finastra sittin’ on the dock of the Bahrain FinTech Bay
Vendor looks for fintech action in the Middle East.
Bank Simpanan Nasional to complete move to ICBS core system
Malaysian bank gets ready for phase two of major tech migration.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wonga goes bust
It’s now official. UK payday lender enters administration.
Terra firmly raises $32m funding for digital money ambitions
Plans to copy models of payment platforms like AliPay and PayPal.
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
Mariner’s Bank keeps it simple with Digital Onboarding
US independent community bank turns to SaaS-y tech firm.
Ebury becomes first fintech to go live with Swift gpi
Global payments innovation powers on.
Starling targets underage demographic for accounts
Following Monese, Starling launches accounts for 16 and 17-year olds.
Standard Chartered applies for HK virtual licence for new bank
The upcoming digital bank also got a new CEO.
JP Morgan hires ex-Google exec for AI ambitions
The war for talent rages on.
AirTM gets $7m funding to fuel LatAm fintech
Where economic stability remains no longer.
AI wealthtech Pagaya closes $14m funding round
Its tech is meant to help institutional investors and asset managers.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
Kony partners with Payveris on digital money movement
Includes P2P and A2A payments, bill pay, and fraud mitigation.
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.
