UK regulator urges vigilance over investment scams
Last year was a shocker. Action Fraud reveals over £197 million of reported losses.
News
Emirates NBD plays matchmaker for start-ups and investors
Private banking arm sees no harm in The LaunchPad.
NatWest and RBS tap FreeAgent for SME account feeds
“A first for accounting software in the UK.”
Pagaya shows off its AI-powered $100m ABS
Asset-backed securities looking toned and honed.
Guilford Savings Bank selects Jack Henry’s SilverLake core system
Connecticut-based bank plans to “double or triple in size” over the next ten years.
Facebook buys blockchain firm Chainspace
It may be looking to move towards the payment space.
Digicro pulls in $300k funding for mobile microfinance in Cambodia
Round led by Japanese firm Showcase Capital.
PXP Financial lands to offer payments for merchants
UK firm aims to expand to capital management.
Savings start-up Moneycado fires up for travellers
UK firm says it is building the world’s first savings account for travel.
US challenger Rising Bank rises up in Midwest
Start-up is a division of Midwest BankCentre in Missouri.
Raisin caught raising $114m for savings quest
Series D brings total amount raised to $200m.
India’s Federal Bank launches open banking platform
APIs include fund transfers, smart collections and UPI payments.
Nordea turns to Divido platform for lending push
Bank will license platform to deliver point-of-purchase finance to retail merchants.
Software platform Kofax to acquire Top Image Systems
Final closing of the transaction is subject to a vote by TIS shareholders.
Phoebus Software wins new client in lending space
UK-based Business Lending Group signs a five‐year contract.
Australia’s banking sector gets constructive criticism
The Royal Commission has some things to say.
Reserve Bank of India fines three banks for compliance fails
Axis, UCO and Syndicate Bank found to be at fault.
Digital Isle of Man unleashes blockchain office and sandbox
No plan is an island.
SME finance app ANNA gets £8.5m funding
New investment comes from Kinetik.
Kraken acquires UK trading platform Crypto Facilities
No specifics but it is a “nine-figure deal”.
Philippines brings in new rules on crypto assets
Another regulator gets tough on this rather special sector.
Funding Options launches in Netherlands with ING
A partnership six months in the making.
BNY Mellon to unveil data business
Bank is also looking for a leader to build and drive this new unit.
Bsurance receives $4m funding and eyes move west
Investment led by Uniqa Venture to expand in Europe.
Maldives Monetary Authority calls for payment project tenders
Revamp on the way as MMA issues a request for information.
Regulators officially launch Global Financial Innovation Network
Development builds on FCA’s proposal to create a global sandbox.
Student loan firm Climb-s to $50m funding
US company gets investment from Goldman Sachs.
JP Morgan takes minority stake in Smart Pension
UK-based pensions provider has now raised a total of £50 million in funding.
CEO death means crypto exchange QuadrigaCX can’t release $190m funds
Firm’s users don’t seem so sympathetic and many express suspicions.
Swift supports Bangladesh Bank network rebuild after 2016 cyberattack
They seem to have got over their quarrel about who was to blame.
Alt credit scorer Aire heads to $11m funding
Takes the company’s total funding to $23 million.
Capitalise goes live with Interactive Brokers
Capitalise enables traders to automate their strategies using natural language.
Infographic: the Italian payment landscape
How do Italian people pay for their purchases these days?
Nordic banks’ payments platform preps for pilot launch
Called Project 27, the banks want platform to become a legal entity this year.
Taking a Step towards banking for under 18s
A new mobile bank gives tools for underage banking.
HSBC, ANZ and Goldman Sachs back Bud’s $20m funding
UK-based personal finance firm backed up by big name buddies.
Starling Bank preps for Irish licence with euro accounts
CEO is in Ireland today and UK challenger bank is also gearing up for Brexit.
Video: fintech news weekly round-up – 4 February 2019
Features an investment record, Stripe, Global Financial Innovation Network, Swift and R3.
Goldman Sachs and Amex join Better Mortgage’s $70m funding round
US-based digital lender plans partnerships and recruitment.
No lonely planet for open banking in OBIE’s latest guide
Open Banking Implementation Entity is an ecosystem warrior.
