PayActiv and Visa get in early for wages
The paytech pals will help US workers access earned wages earlier.
News
Video: fintech news weekly round-up – 11 March 2019
Featuring New Zealand, Ant Financial, and Raisin.
OneCoin boss arrested for crypto fraud
The firm and its leaders are accused of creating a pyramid scheme.
Nymbus banking tech suite is Inspire-d choice
Pennsylvania’s Inspire Federal Credit Union is now live with its solutions.
Investors Bank addresses reporting with Wolters Kluwer
The US bank will receive OneSumX for Regulatory Reporting.
Lloyds, NatWest and Barclays team up for business banking hubs
The three banks will pilot the UK’s “first” shared hubs for SMEs.
Swiss crypto outfit Amun amasses $4m funding
“We are bullish on crypto in the long-term.”
UK’s OneSavings Bank and Charter Court mull merger
The new institution would be valued at more than £1.6 billion.
Pintec acquires Australian credit risk solution provider InfraRisk
Chinese firm seeks action abroad and aims to boost its “SaaS Plus” model.
CULedger teams up with IBM for blockchain network
A cooperative model designed for credit unions and SMEs.
Deutsche Börse and Swisscom to build digital asset infrastructure
The core elements will provide access to liquidity and banking services.
Spanish fintech Pagantis closes €65m for e-commerce financing
It aims to expand its services to Portugal, Italy and France.
Vista Bank picks Temenos for African digital expansion
Infinity and T24 Transact will update the bank’s systems.
Lack of buyers puts an end to UK’s Raphaels Bank
One of the nation’s oldest banks is being wound down.
IPsoft’s 1Bank is one for conversational banking
New solution is powered by virtual agent Amelia.
White paper: Multi-cloud fundamental to financial services’ transformation
Discover major trends that are impacting financial service businesses
Mastercard drops Earthport bid for Transfast acquisition
The firm will now get this cross-border account-to-account money transfer network instead.
FSS takes stake in Africa’s Ecentric Payment Systems
Paytech acquires 46% stake as part of its African expansion plans.
Salt Edge teams up with UK-based PFM app Emma
Integration will enable Emma users to connect their accounts from banks throughout the UK.
NatWest prepares biometric card pilot
The bank will trial fingerprint technology-enabled cards with Gemalto.
Starling Bank enters Moneyhub’s payment gateway
“The first challenger bank to support PSD2 PISP legislation.”
Irish insurtech hub brings feast in southeast
Institute of Technology Carlow powers up new centre for insurance start-ups.
UK crypto consumers completely clueless
FCA reveals findings from first cryptoassets research.
Bank of England orders Visa to fix outage issues
The bank’s action follows the pan-European incident in June 2018.
US Senate attacks lax Equifax cybersecurity defences
Senate reveals investigation into 2017 data breach that affected 146 million US consumers.
First State Community Bank picks Jack Henry’s lending suite
New tech is provided by Jack Henry’s ProfitStars division.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
Bank Leumi touches Eurobase with Siena platform for FX treasury
The deal is only for the London-based subsidiary of the Israeli bank.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
Ibanera signs for iSignthis banking and payment tech
iSignthis’ subsidiaries Probanx and BSS will provide CorePlus and CoreConnect systems.
Omidyar Network releases fintech venture fund with Flourish
New firm Flourish launches evergreen fund backed by founder of eBay.
“Hello USA!” eToro goes live in America
Its US launch will enable customers in 32 states to trade and invest in six cryptocurrencies.
GreenKey Technologies secures investment from IPC
IPC gets exclusive rights to GreenKey’s machine learning voice solutions.
Top fintech stories this week – 8 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Soldo gets sold on Irish e-money licence
It will be able to operate from Ireland post-Brexit.
UK and Turkey push Islamic finance through fintech
TheCityUK and Borsa Istanbul set out their ambitions.
Commerzbank and Deutsche Börse complete DLT repo transaction
It involved the simultaneous swap of the tokens as a legally binding transaction.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
SoftBank and Microsoft power Grab’s $4.5bn funding frenzy
Other investors in its current Series H funding round include Toyota, Hyundai, Ping An, and Yamaha.
Tencent taps University of Hong Kong for fintech talent
They will offer workshops, internships and a Bachelor of Arts in fintech.
