TymeBank times South African launch for this month
Digital challenger gets ready following its soft launch in December 2018.
News
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.
Blockchain Exchange Alliance preps tech for payments push
With a heavy emphasis on partnerships and acquisitions.
IBM strikes $700m deal with Santander for digital drive
Five-year tech agreement includes AI, blockchain and big data plans.
CanDeal and six Canadian banks create market data hub
BMO, CIBC, National Bank, RBC, Scotiabank and TD are involved.
First Direct and Bud buddy up for open banking action
Offering third-party products through the bank’s app.
Mastercard taken by Token’s charms for open banking hub
Californian company will power the paytech’s connectivity layer.
Mojo Mortgages gets its mojo working with £7m funding
UK firm’s Series A funding round led by NVM and Maven.
MUFG and Akamai unleash blockchain-based payment network
New joint venture called the Global Open Network.
Stripe leads $40m funding round in paytech Rapyd
Fintech-as-a-Service platform looks for Rapyd success.
Italian interbank DLT project Spunta moves to pre-production
Passing test to solve interbank reconciliation issues in the country.
Visa plans innovation centre in South Korea
Payments firm confirms that preparations are “in the works”.
Socotra gets $5m support for core insurtech platform
With the support of US-based Nationwide and Mitsui Sumitomo.
UK challenger bank Starling secures £75m for European expansion
Series C funding round led by Merian Global Investors
Abu Dhabi Commercial Bank makes a MoneyBuddy
The app is built on Strands’ technology.
Crypto bank Zabo preps for US launch
“Bitcoin in your bank account.”
All change as Temenos gets new CEO
David Arnott will leave to “spend more time with his new family and baby”.
Symantec acquires Luminate Security for cyber cloud defence
Getting prepared for infrastructure managed by Azure, AWS and Google.
Crypto compliance provider Chainalysis collects $30m funding
Series B financing round supported by Accel and Benchmark.
