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News
Wells Fargo pilots internal settlement service using DLT
The pilot is planned for 2020.
Mastercard’s Vocalink release payments report: Look beyond London
87% of over 75’s still don’t use banking apps.
Trulioo raises $70m with Goldman Sachs, Citi and Santander
Another CAD 10m was raised in a separate round.
Caisse des Dépôts chooses Murex for its asset management
Murex’s MX.3 platform pulls every part of business into one.
EBA Clearing launches request to pay solution for Europe
It’s “the missing piece of the puzzle” for financial companies.
Digital Reasoning reveals $40m funding round and Standard Chartered partnership
Digital Reasoning uses AI to understand human communication
AI analytics platform FinTech Studios raises $5.1m
The company uses AI, NLP and ML to aid decision making.
United Bank of India launches voice banking
FSS offers the solution in partnership with Amazon.
JP Morgan and Societe Generale invest in trader fintech Wematch
Wematch is changing the way voice-traded financial markets operate.
ING reveals crypto report: The utility phase
Until crypto is useful, mass adoption will not follow.
FairMoney raises €10m to build challenger bank in Nigeria
FairMoney serves 200,000 customers who are mainly small businesses.
Greenlight raises $54m to release debit card for kids
Greenlight’s app can monitor children’s spending and set savings goals.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
Plaid reveals strategic investments from Mastercard and Visa
Plaid says there’s opportunity to align with Visa and Mastercard.
Insurtech Broker Buddha raises $4.5m in round led by Vertex Ventures
Vertex Ventures says Broker Buddha is “driving significant industry change”.
White paper: The payments transformation race – criteria for success
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Sampath Bank launches virtual teller machine
The branch-in-a kiosk solution that will provide customers with 24/7 banking services.
Grupo Caja Rural implements Strands’ technology
Strands’ tools will incorporate an AI engine, the exclusive engager component.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
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Ping An Global Voyager Fund and Raisin invest in Joonko
The seed round raised €10 million.
The final extension for the 20th Banking Technology Awards
There’s one more chance to submit your entries!
Introducing: Finovate Podcast
A short, interview-based podcast featuring conversations from fintech’s elite innovators and influencers.
TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
Data-cleaning platform Trifacta raises $100m
The funding round will open untapped industries to Trifacta.
Digital Nigerian bank Kuda raises $1.6m in pre-seed funding
Kuda is the first digital-only bank in Nigeria.
Nucoro warns 84% of wealth management digitisation could fail
Wealth managers must re-engineer their operations to compete.
CFPB and state regulators launch US consumer network for fintech
The network will drive competition, consumer access and financial inclusion.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
Element AI raises CAD 200m in Series B funding round
Element AI has raised CAD 340 million in total so far.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
Italian fintech Young Platform raises €787,000 from 751 investors
‘Crypto made easy’ platform attracts Italian and British investors.
Video: Top fintech stories this week – 15 September 2019
Industry’s top stories and happenings from across the globe.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
JD.com fintech affiliate launches new digital wallet in Thailand
JD Digits has partnered with Central Group to launch digital wallet app Dolfin.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
