New Zealand regulator suspends AxiCorp’s derivatives licence
The suspension is effective from 29 July 2019.
News
TSE launches data sandbox for securities tech
Tokyo Stock Exchange calls for data and innovation partners.
Nuvei completes $889m SafeCharge deal
“We are jointly creating an international payment giant.”
Merchants Bank chooses CALMS Compass for floorplan finance
The bank sees 60% growth since introducing self-serve solution.
Blockchain-focused challenger Bitwala raises €13m
The Berlin-based bank is now looking into expansion.
Banca Popolare di Sondrio adopts InstaPay
“Immediacy is the new standard demanded by users.”
Gatsby gets $1.5m funding for social trading
The platform is onboarding users gradually.
Code Investing launches instant decision SME loan portal
The online broker solution is a UK-first for loans up to £5 million.
Co-op stores implement ACI’s Pay-in-Aisle tech
Scan and pay from your phone.
FNA raises $5.5m for AI-driven regtech
The firm collaborates with regulators manage financial risks.
Middle East’s first licenced crypto exchange Rain is live
It also closed a seed round of $2.5 million.
FCA provides clarity on current crypto-assets regulation
To ensure firms know if they are authorised and compliant.
Aspire scores $32.5 million raise
The company graduated from Y Combinator Winter 2018 batch.
Persado gets five-year deal with JP Morgan Chase
The AI firm generates better marketing copy.
Line, Next and Rakuten receive Taiwan online banking permits
The FSC does not plan on issuing more virtual bank permits.
JP Morgan and OnDeck part ways
While OnDeck pursues a banking charter.
Stackin’ raises $4m for financial advice for millennials
Millennials can now be texted the best way to grow their money.
Bambu raises $10m to grow global team
The robo-advisory start-up will use it to offer more products.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
First Data and Bank of America end paytech partnership
Fiserv’s First Data will provide services to its current client merchants until June 2023.
Legal & General inks its first fintech partnership
It will help diversify its product offering.
DPO Group acquires PayFast
A major deal for the African paytech sector.
Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
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Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Barclays, RBS and other banks face £1bn forex rigging lawsuit
JP Morgan, Citigroup and UBS also named in US-style class action.
FNZ acquires GBST after £150m deal
Its third acquisition in a month.
Betterment faces regulatory scrutiny after new accounts launch
The savings account offers annual yields of 2.69%.
MeDirect chooses Crealogix for digital investment platform
The platform saw a successful launch in Belgium.
LSE in talks to buy Refinitiv for $27bn
The deal includes debt of $12.2 billion.
Banks and TPPs agree joint approach to PSD2
A statement outlined their joint efforts to transition to new payment rules.
SME lender B-North welcomes funding
Manchester-based B-North has applied for a banking licence.
StashAway snaps up $12m in Series B funding
Its latest round brings the total funds raised to date to $20.4 million.
Helis Network closes $500k seed funding round
The firm aims to make decentralised finance accessible.
Visa invests in Southeast Asia’s payments platform Gojek
The two companies will also collaborate on cashless payments solutions.
Visa eyes up Nets
Sources say Visa may acquire parts of the Nordic fintech.
Paysend raises £8.5m for global roll-out
The fintech also launched its own digital currency, Pays XDR.
Nubank raises a staggering $400m
As it announces plans to expand to Mexico and Argentina.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
