Broadway Technology acquires Barracuda FX for wealthtech push
Broadway will retain the full Barracuda FX team, operating as an independent company.
News
Ampega Asset Management amps it up with Murex
The wealthtech will implement MX.3 for fixed income, equity, funds, FX.
Finleap acquires German challenger bank Penta
Penta will collaborate with Beesy to serve Italian freelance market.
First blockchain Thai-Myanmar money transfer service to launch
Designed to meet the needs of migrant workers.
Moxy picks Nymbus to power DC’s newest bank for 20 years
Tech-focused bank aimed at underserved communities.
Trade finance standardisation project backed by 14 giants
The project seeks technology use and standardisation for the wider distribution of trade finance assets.
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Video: fintech news weekly round-up – 1 April 2019
Apple’s new credit card, New York goes fintech, and more!
TransferWise to float stake for fundraising
It is rumoured that it is being organised by investment bank Goldman Sachs.
New $4.8m funding for SME bank Novo
The bank targets small businesses with a digital banking offer.
Ellevest raises $33m from high profile female investors
Investors include Melinda Gates’ Pivotal Ventures.
Millennial insurtech Kinsu shuts down
The app provided insurance for laptops, bikes and other home contents.
NatWest trials new personal finance app Mimo
NatWest trials new personal finance app Mimo
ABN AMRO and Infosys partner for digital mortgage tech push
This includes Infosys’ acquisition of mortgage provider Stater.
Kyriba plans $160m growth round led by Bridgepoint
$60 million earmarked for innovation investment.
StreetShares to launch credit cards for veteran-owned businesses
A new credit card for the 2.5 million veteran-owned small businesses in the US.
UAE’s digital bank Liv launches Kasisto’s AI chatbot
The conversational AI is called Olivia.
Korapay allows Nigerian migrants to send money back home
Currently in the US, but to be expanded to Canada, the UK and Europe.
Klarna’s new platform connects fintechs and 4,300 banks
Single API is the gateway to 14 European markets.
MineralTree closes $50m growth equity investment for AP solutions
The firm has doubled in size throughout 2018.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Goldman Sachs fined £34.3m for misreporting transactions
FCA found the firm made 220.2m errors.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
RCI Bank gains full UK banking licence
RCI Bank, a new savings bank based in the UK’s county of Hertfordshire, has obtained a full banking licence.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
First transactions carried out on blockchain-based Marco Polo network
Delivery triggers irrevocable payment from buyer’s bank.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
Nutmeg prepares crowdfunding and international launch
The crowdfunding on Crowdcube will come in summer.
Standard Bank moves over to AWS
All its workloads, including its customer facing and core banking applications.
PayTech Awards: honouring organisations for their social impact
Enter the PayTech for Good Award by 5 April!
BOC granted virtual banking licence in Hong Kong
Livi VB is a joint venture of Bank of China, JD New Orbit Technology and JSH Virtual Ventures Holdings.
Everest to supply KYC platform in Samoa for cross-border transactions
EXCLUSIVE. Everest has landed a major contract with Asian Development Bank (ADB).
YellowDog fetches £2.5m extra in Series A
This news follows the £1.7 million raised in March of last year.
Russia’s first new bank in four years is for internet firms
Approach will combine the payment gateway and payout model.
ZhongAn licensed to launch virtual bank in Hong Kong
Products will be developed with community input.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Standard Chartered to launch virtual bank in Hong Kong
To be conducted under a new entity in Hong Kong.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
