Deutsche Bank gets collateral tech from CloudMargin
“The first time a tier one bank will use a public cloud-based for collateral management.”
News
InterSystems and Global Accelerated Ventures call for fintech start-ups
Looking to advance innovation in finance.
Top fintech stories this week – 8 February 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Sberbank and 500 Startups IT Demo Day: blockchain cuts little ice in Moscow
They favour AI, ML and cybersecurity, which they believe hold greater appeal to investors.
Sohar International adds biometrics to banking app
Very few details have been revealed about the implementation.
New York’s a wonderful town for Fiserv DNA
Fiserv signs its largest core processing deal with New York Community Bancorp.
Banco Best and Credit Suisse bring DLT to fund transactions
Putting the fun in FundsDLT.
Oney Bank is Well into Wirecard for biometric payments in Romania
Consumers will be able to pay with the app in over 30 stores.
Lloyds unleashes open banking app
Follows in the wake of Barclays.
SIA blockchain sureties a sure thing in south Italy
“The first blockchain project in Italy to manage sureties.”
Wirecard reveals investigation into accounting allegations
The firm had previously called reports “inaccurate, misleading and defamatory”.
Centage leaves no cent behind in $8.5m investment round
TVC Capital leads funding round in US provider of cloud-based tools.
BBVA psyched up for $5m DataSine investment
Bank’s Propel Venture Partners invests in psychology/ML tie-up business.
CUBE wins MetLife Insurance regtech project
A small-sized pilot project that could lead to a major win.
Personal Capital gets $50m in personal capital
Digital wealth management company is in a happy Silicon Valley.
Swiss stock exchange’s blockchain bourse delays launch
SDX trading platform now coming in the second half of this year.
Video: check out the PayTech Awards 2018 highlights!
The inaugural PayTech Awards took place on 13 July 2018 on a luxurious Silver Sturgeon yacht in London.
API platform Tink raises €56m and expands in Europe
Now coming to countries like the UK and Spain, among others.
Thesys loses US stock exchange contract to Finra
The firm was hired to build a data warehouse for all stock-market activity.
Banking brickbats take out NAB’s CEO and chairman
Repercussions from Australian Royal Commission’s criticisms take effect.
Bill.com partners with Amex to offer new AP solution
Vendor Pay has arrived.
Insurtech CoverHound fetches $58m funding
Plans for US and Japan expansion.
Unite Global partners with WOCU for centralised currency
EXCLUSIVE. An electronic currency to support its payments platform for trade and settlement.
Barclays has nod and Bink for loyalty programmes
Barclays leads an investment round of £10 million into the start-up.
UK and Canada unveil tech innovation competition
Open to ideas in artificial intelligence, internet of things, blockchain and cybersecurity.
Mansfield Bank mans up with new CSI tech
The Massachusetts-based bank upgrades its digital offer.
UK regulator urges vigilance over investment scams
Last year was a shocker. Action Fraud reveals over £197 million of reported losses.
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.
