HSBC targets simplified receivables process with DART digital solution
HSBC says the B2B connectivity platform is an industry-first.
News
Flagstone gains £11m of capital injection for market expansion
Backers include Kindred Capital, Moneysupermarket Group, and VentureFounders.
SettleGo signs for ClearBank’s payment access services
The service will also facilitate real-time account creation and addressable UK IBANs for SettleGo’s customers.
Orange joins Raisin’s €100m Series D investment round
Orange has key mobile financial services initiatives in Europe and Africa.
Countingup and Hokodo partner for invoice insurance service
This is intended to create a new service allowing UK SMEs to protect their income on an invoice-by-invoice basis.
Top fintech stories this week – 10 May 2019
Deutsche Bank picks Red Hat, Orange acquires Secure Link, and much more!
FinovateSpring 2019: Best of Show winners unveiled
This year’s Best of Show winners are truly in a class of their own.
Bank of America ponders scrapping paytech venture with First Data
The joint venture, Bank of America Merchant Services, accounts for 10-12% of First Data’s revenue.
Video: fintech news weekly round-up – 09 May 2019
This week, Mastercard, Facebook and many more!
Data privacy firm QEDIT expands reach with three new partners
Follows QEDIT’s $10 million Series A investment round.
Estonia ups requirements for virtual currency licences
In an attempt to avoid money laundering and terrorism financing.
Australian challenger 86 400 seeks more funding
Funding is needed to grow, the bank says.
Credit and payments app Twisto raises €14m
As it tries to expand throughout Central and Eastern Europe.
NatWest becomes first UK partner for open banking platform Tink
Swedish fintech will add personalisation to the bank’s mobile banking.
Crypto exchange Binance falls victim of $41m hack
It has since stopped trading to keep the market under control.
Orange acquires SecureLink for €515m
Investcorp originally acquired SecureLink in December 2015.
Nivo’s platform receives £2m funding to connect customers
The Manchester-based firm specialises on instant messaging and identity verification.
Fenergo supports Bahrain’s blockchain-based KYC
It will support retail and corporate banking, with other sectors in the future.
Royal Banks of Missouri adopts POPi/o video banking
Community bank is an early adopter of collaborative video banking.
JP Morgan picks Bora to automate SUA B2B payments
Bora to provide advanced payment processing technology.
Financial supermarket GoBear raises $80m
The fintech aims to tackle financial exclusion.
IBM chosen to support Canada’s RTGS platform
Lynx is part of Payments Canada’s multi-year modernisation initiative.
Hughes FCU picks Fiserv to go digital
It will also allow it to quickly implement new capabilities.
Supplement: FinovateSpring 2019
Read our free FinovateSpring Supplement, packed with fintech goodness!
Banking Technology May 2019 issue out now
Fintech with flourish. It blooms and blossoms.
Arab Tunisian Bank in front-to-back office tech overhaul with Temenos
Information Technologies Solutions & Services (ITSS) will be the implementation partner.
Deutsche Bank selects Red Hat’s cloud tech
It will support the bank’s Fabric digital platform.
Mastercard acquires Transactis to boost Bill Pay Exchange
Transactis makes digital payment services available to small businesses.
Emerging economies payments start-up Thunes closes $10m Series A round
Plans to accelerate growth across Africa, Asia and Latin America.
UK renters’ insurer Urban Jungle raises $2.5m
The seed funding will expand the firm’s product portfolio.
TagNitecrest prints biometric payment cards in the UK
Fingerprint card payments can be made at existing point of sale terminals.
Plum hits $4.5m new funding with 433% user growth in a year
The firm has reached 400,000 users.
Three Canadian credit unions take Fiserv DNA
These are Carpathia Credit Union, Estonian Credit Union and Parama Credit Union.
Sumitomo Mitsui Trust Bank takes Acumen to reside with Flexcube
Acumen is a common treasury solution alongside Oracle FSS’s Flexcube.
First Hawaiian stays with FIS but switches core systems
This comes despite the bank signing in 2015 with FIS’s fellow US heavyweight competitor, Fiserv.
Pacific National to launch digital bank on Nymbus Banking-as-a-Service platform SmartLaunch
The bank hopes to be able to launch within 90 days.
JP Morgan and Microsoft join forces for enterprise blockchain push
Quorum to be made available through Azure Blockchain Service.
BCR opens applications for Capability and Innovation Fund Pool C
Four £10 million grants are on offer.
Checkout.com rings up Europe’s largest ever fintech Series A round
The London-based company now eyes further global expansion.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
