UBX and Temenos to deliver inclusive digital banking to Philippines
The aim is to reach millions of people over the next five years.
News
Thailand’s KBank picks Instarem to power cross-border payments
Singapore-based Instarem will provide digital money transfers to select markets.
Luminor picks Eurobase to consolidate markets and treasury operations
The Siena solution will to help provide a unified and modern digital service.
Trustly and Collector Bank team for instant payments to Nordic merchants
The partnership seeks to take advantage of the popularity of online bank payments in the region.
Modulr completes scale-up investment round of £14m
Taking the total amount raised by Modulr to £24 million.
Student digital current account Loot enters administration
The fintech collapsed after a sale to RBS fell through.
Standard Chartered partners with IBM to launch Trade AI Engine
Aims to significantly automate trade document processing.
Deutsche Bank’s suspicious transaction reporting hit by software glitch
The problem has prevented flagging for almost a decade.
Investors lost over £27m to crypto and forex scams last year
The FCA and Action Fraud aim to raise awareness of investment fraudsters.
Capgemini powers Skandiabanken’s new mortgage platform
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
Evarvest prepares new type of stock trading app
Inspired by social media apps, for ease of use.
Nuvei Bidco acquires paytech SafeCharge for $889m
SafeCharge board unanimously recommends the deal.
HSBC chooses Globality’s AI self-serve procurement platform
Solution avoids limitations of analogue legacy systems.
Card issuing platform Marqeta goes to Series E with $260m
This puts the company’s valuation at nearly $2 billion.
TransferWise doubles its valuation to $3.5bn
International payments firm raised $292 million in secondary funding.
Instalment payment option added to lastminute.com via Divido
This provides instant access to credit by connecting shoppers to multiple lenders at the moment of purchase.
Allegacy FCU takes Fiserv core and other applications
The institution is understood to be replacing FIS’ old Miser system.
Conversational AI firm Clinc raises $52m
The Series B round brings the Ann Arbor, Michigan-based fintech’s total capital to $60 million.
Cryptomathic acquires Aconite Tech for EMV infrastructure prowess
The two firms say they have complementary and similar products.
DevOps firm CloudBees gets capital injection from HSBC
HSBC uses CloudBees Core platform for its software delivery system.
European banks sign up to gpi trial on TIPS
Designed to smoothen out real-time payments in Europe.
Wagestream raises £40m for “get-paid-as-you-earn” service
It is the UK’s largest pool of social impact investment.
TransferMate lands major deal with WellsFargo
The financial details haven’t been disclosed.
Lloyds announces new digital tech hub in Edinburgh
Plan will create 500 high-skilled jobs over next 18 months.
Facebook eyes payments market with new Swiss fintech
Social network has registered the company in Geneva.
Money transfer app Pangea looking to offer checking accounts
More firms are looking to jump into the challenger bank world.
Video: fintech news weekly round-up – 20 May 2019
Fintech investments, and how Brits use fintech services!
TransUnion acquires TruSignal
Financial details remain undisclosed.
Major banks pledge $50m to develop digital cash settlement system
The names of the banks have not been disclosed.
ATMs decline for first time as cash demand falls
But ATMS are on the rise in developing markets.
Swedish fintech Minna Tech receives €5.6m funding
The subscription management tech now aims to make customer experience easier.
BNP Paribas makes a Magic Leap to teleportation meetings
Meetings can be held via hologram in five locations.
OpenFin raises $17m for financial desktop innovation
This brings OpenFin’s total funding to $40m.
Swedbank to acquire Vilnius’ Barclays Operations Centre in Lithuania
Banks are planning to complete this transaction by 1 July 2019.
Five banks fined €1bn for rigging foreign exchange market
UBS escaped a European Commission penalty after exposing the cartels.
Tokyo calls for foreign fintechs to enter accelerator programme
Start-ups will be mentored by leading Japanese financial organisations.
Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
White paper: Shapeshifting – a look at the evolving landscape of cross-border payments
Discussing consumerism, PSD2, managing risk and the power of digital ecosystem.
ABN AMRO joins investors helping Tealium target global expansion
Tealium’s AudienceStream platform connects customer data in one place.
Rabobank IDB works with Sopra for PSD2
The bank has taken a Sopra solution called the Digital Experience Platform (DxP).
