Canadian AI search tool Coveo raises $172m to hit unicorn status
Coveo is now “well above” US $1 billion in valuation.
News
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Nordea’s chief digital officer quits ahead of bank’s next digital phase
MacLeod feels it’s “the right time” for him to leave.
Visa invests in ultrasonic payments firm Lisnr
Lisnr plans to take on NFC and QR-based payments.
UK challenger Cato Banking opens waiting list ahead of 2020 launch
The bank wants to be a hub for financial wellbeing.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Banking Technology Awards countdown: 4 weeks to go – will you be there?
Get in touch with our team to book your place – it’s a party not to be missed.
Standard Chartered latest bank to join Enterprise Ethereum Alliance
The bank will aim to deepen the EEA’s blockchain research.
Australian challenger Infinity set for 2020 launch
Queensland-based firm aims to disrupt rival neobanks.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
Data start-up Meeco secures $6.2m in seed funding
Funding will support acquisition of Aussie firm SVX Group.
CaixaBank opens “urban oasis” for Barcelona customers
The space will have Michelin star chefs and virtual rural landscapes.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
DBS Bank unveils trade finance blockchain project
The new scheme is supported by a handful of collaborators.
Avaloq lays groundwork for 2020 sale
Swiss firm’s divestment from Warburh Pincus is picking up steam.
India’s Reserve Bank welcomes retail paytechs to new regulatory sandbox
The bank hopes to “spur innovation in [the] digital payments space”.
UK challenger Tandem Bank announces Hong Kong expansion
First step overseas for the London-based neobank.
White paper: Best practices for building your e-signature workflow
A complete guide to building and adapting e-signature workflows across your organisation.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
Swift and EBA Clearing kick off ISO 20022 migration for EURO1
Swift has provided the messaging layer for EURO1 since 1999.
AI savings firm Chip Financial nabs £3.5m from angel investors
The London-based start-up has raised £7.5 million so far in 2019.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Mylo raises $10m Series A from major Canadian financial institutions
This fundraising marks two years of rapid growth for Mylo.
Nets makes changes to the executive committee
This includes a new CEO of Issuer and eSecurity Services and group CHRO.
Backbase Connect 2019: Backbase’s CEO says its biggest challenge comes from its customers
Banks need to fully commit to a “neo-reality” digital transformation.
Goldman Sachs leads $50m Series C funding round for credit card platform Deserve
The funds will go to its “Card as a Service” (CaaS) platform.
Poll reveals US falling behind in faster payments adoption
A lack of interoperability is cited as the main reason for slow progress.
The Other 50 Podcast: all roads must lead to profitability
The state of challenger banks and fintech funding, and what the future holds.
ISDA Technology Forum: Regulators struggling to match pace of innovation
Close alignment between policymakers and banks is needed.
Backbase Connect 2019: How Backbase built a digital bank in 47 minutes
From an uncustomised template to a fully-customised, integrated banking app with 13 mins to spare.
ISDA Technology Forum: Small tech changes not enough for capital markets
Firms need to look beyond next year’s profits and losses, argues panel.
GoCardless and TransferWise launch first global network for bank debit
Customers can collect recurring payments in over 30 countries.
PRA warns insurers over work culture
Staff must feel able to speak up about their concerns.
A Rare first in banking: Thought Machine unveils Vault Rare feature
Vault Rare will allow banks’ customers to edit, adjust and even visually style banking products themselves.
Flywire appoints new president and COO
Former Apple Pay executive Rob Orgel joins the team.
American Express partners with Coupa for virtual card integration
Amex cards will be available to Coupa clients from late 2019 onwards.
AFME promotes further adoption of public cloud in capital markets in new paper
The paper also outlines several barriers to cloud adoption at present.
Corlytics appoints chief digital officer
She was the former head of regulatory intelligence at Thomson Reuters.
