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Visa and PayPal’s new deal
While the US service is powered via a partnership with JPMorgan Chase, PayPal’s Instant Transfer in Canada is powered by Visa’s push payments system, Visa Direct.
Video: fintech news weekly round-up – 8 July 2019
Some of this week’s news, in video format!
Blockchain firm Saga picks FIS for treasury management
Deloitte helped Saga pick its supplier.
Wealthtech Jacobi raised $7.5m for EU expansion
The Australian firm recently partnered with JANA Investment Advisers.
Norway’s SpareBank 1 picks Nets for Open Banking
The 14 savings banks in the group are preparing for PSD2.
BTG Pactual and Dalma Capital adopt Tezos for STOs
The Latin American investment bank launched ReitBZ STO earlier this year.
ABN AMRO launches mobile wealth management app
Kendu’s core banking is managed by Sopra Banking Software.
Iwoca launches real-time business loan decisions
The industry-first is an integration with Funding Xchange and Funding Options.
PayU acquires majority stake in Red Dot Payment
The deal sees PayU expand into Southeast Asia.
SIA opens new payment cards centre in Verona
The facility can personalise more than 10 million cards per year.
Top fintech stories this week – 05 July 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
RBI to build blockchain-based banking platform
The technology would be for banking officials’ use only.
Aspiring challenger Kyash raises $14m
The fintech wants to become Japan’s first challenger bank.
Currencycloud raises around £32m
Investors in the first part of the Series E round have not been disclosed.
Sensibill raises $31.5m for AI-driven banking solution
The Toronto firm targets freelancers and entrepreneurs.
NCR acquires D3 Technology
It can now provide on-premise solutions built for the needs of LFIs.
Silicon Valley Bank lends $300m to innovative Irish companies
It will bring the total amount brought to the Irish market to $500m by 2024.
An after after-dark round-up
FinTech Futures unravels the hot topics covered at 11:FS’ live podcast.
Hundreds of German fintech start-ups gone bust since 2017
The average age of the fintechs that failed was four years old.
FCA proposes ban on crypto-based derivatives
The regulator believes the products are ill-suited to retail consumers.
Monese and PayPal partner to enhance its mobile features
It follows PayPal’s investment in Monese’s Series B.
Cobalt Credit Union adopts video banking with POPi/o
The two-way technology offers a virtual branch experience.
ICICI and IndoStar partner to finance commercial vehicles
The arrangement will target underserved small and medium fleet owners.
Australian FIs team up for Lygon blockchain pilot
The platform will seek to modernise the management of bank guarantees.
Untangler launches using AI
The new insurtech is an afterthought created out of the founders’ previous firm.
VTB launches multifactor fintech platform for Russian SMEs
GetFinance aims to shape a new mass segment of the commercial online financing market.
Former Equifax CIO jailed for insider trading
Jun Ying sold his shares before a data breach was made public.
Tokeny Solutions raises €5m from Euronext
Tokenisation solutions are gaining traction.
SmartSearch pioneers first online AML business credit checks
It will enable clients to see an overview of a business’ credit score.
AIFC and Fidor Solutions to boost fintechs in Kazakhstan
The MoU will also promote innovation in Central Asia.
FairFX rebrands as Equals
The foreign exchange company will now serve businesses and consumers.
UnionPay expands into Italy with Banca Sella deal
Greater acceptance will help merchants meet the needs of Chinese tourists.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
Troubled Fidor Bank to shut down in the UK
Fidor Bank UK has announced it is withdrawing its services and products from 15th September.
Avaloq buys Swiss structured products firm Derivative Partners
The acquired niche company provides market information and tools for clients in Switzerland and the rest of Europe.
Covenant Capital signs up on Profidata’s e-AMIS
The wealth manager will be able to follow better independent tailored advice.
Banque Française Mutualiste selects SAB AT as its new core banking system
The system will operate in a multi-entity mode, with SAB supporting the hosting, operation and maintenance.
Instarem seeks banking licence in Singapore
The fintech is looking for a partner bank to do so.
ConnexPay raises $7m Series A round
The travel payment start-up will use the funds to continue developing its tech.
