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News
Cyberattack puts Bank of Valletta in restoration age
Maltese bank recovering after a “malicious external attempt on its systems”.
Factris has X factor for Lithuanian expansion
Its investment plans follow on from Debifo acquisition last month.
Wealthtech Pictet picks NetGuardians for fraud fight
Swiss wealth and asset manager seeks better protection.
Life insurance is DeadHappy with pay-as-you-go launch
UK-based insurtech start-up awakens to walk the land.
US challenger LikeBank makes light work of messengers
Digital bank sits within Facebook Messenger, Viber and Telegram.
Video: fintech news weekly round-up – 18 February 2019
Features Monzo, Ant Financial, WorldFirst, Lloyds and more!
EBRD and Estonia unveil regulatory sandbox
European Bank for Reconstruction and Development and Baltic nation team up.
Mambu secures €30m funding for SaaS-y surge
Latest round led by US-based Bessemer Venture Partners.
Finastra’s Fusion Essence core system savours Saudi success
Saudi Arabia’s Agricultural Development Fund looking for better lendtech.
Morning wakes up as French challenger bank
“The account that wakes up the bank.”
SME lender Iwoca gets £150 million funding
Takes its total funding to £350 million.
Brazilian challenger bank C6 will see you now
It has its licence and is now testing out functionalities
German financial regulator stops shorting of Wirecard shares
Follows on from accounting investigation in Singapore.
Scotland’s SME challenger bank AlbaCo readies for launch
Glasgow-based entity plans to be ready in early 2020.
GoCardless gathers payments pace with $75m funding
UK paytech targets bank debit network with Series E investment.
Fintech charms US state regulator into modelling
Conference of State Bank Supervisors will implement changes based on feedback.
TymeBank times South African launch for this month
Digital challenger gets ready following its soft launch in December 2018.
iSignthis muscles into Lithuania’s paytech space with BBS acquisition
iSignthis will pay €150,000 upfront for BBS (half in cash and half in issued shares) and then a further earn-out fee.
Big banks bond with CommonBond for $750m lending spree
US firm to use money for in-school student lending businesses.
EU does cross-border payments on the cheap
Consumers protected against “excessive charges for currency conversions”.
UK trade finance challenger Diaspora preps for flight
Will offer a trade finance ecosystem on blockchain.
PayPal to close offices in Malaysia
All PayPal Malaysia employees will be affected by this closure.
Oracle feels the chill from Suncorp CEO over core banking freeze
Not a lot of sunshine to share as Project Ignite has not really taken off.
TMRW dawns as UOB’s digital bank will debut in Thailand
New entity is designed for “mobile savvy” millennials.
Barclaycard teams with SAP for precise corporate payments
Brings procurement and payment together in one place, Ariba Network.
Top fintech stories this week – 15 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
No Xpence spared as Dubai neobank readies for business
“Gulf region’s first neobank designed by entrepreneurs for entrepreneurs.”
Belgium’s BNP Paribas Fortis unleashes bank account aggregator
Its Easy Banking App got easier. An easy pun but don’t be too hard on us.
CaixaBank first to show withdrawal symptoms for ATM cash
“World’s first bank to use facial recognition to withdraw cash at ATMs.”
CSI reports 23 new core banking tech clients in 2018
Fresno First Bank, The Claxton Bank, Citizens Alliance Bank, and Mansfield Bank are among new takers of Nupoint core.
Munich Re leads $9m investment in insurtech Inshur
US/UK firm gets Series A funding and credit facility for its rideshare journey.
JP Morgan Chase to trial new cryptocurrency
Will start trials in a few months for its JPM Coin.
Ant Financial to buy WorldFirst for $700m
It was expected and gives Chinese firm a handy boost to its e-commerce plans.
UK challenger bank Griffin gears up for wholesale launch
Plans to provide fintechs with custodial accounts and interbank payments.
Fintech investment in US hits record $52.5bn
KPMG’s “2018 Pulse of Fintech” report is good news for the States.
Thoma Bravo to acquire US lendtech Ellie Mae for $3.7bn
Private equity investment firm makes an all-cash transaction.
FinovateEurope 2019: Best of Show winners revealed
Let those that win bask in the fintech glory… and this brief news report.
Case study: 2ndQuadrant and tastyworks – boosting PostgreSQL database performance by 400%
Consultancy and support from 2ndQuadrant for online trading platform boosts PostgreSQL database performance by 400%.
Goldman Sachs leads $44m funding in US business credit start-up Nav
Other investors include Point72 Ventures and Experian Ventures.
