Absa AI automates account switching in South Africa
Bank’s CIO Jacques Barkhuizen calls it a “world first”.
News
Cyber risk crew Cyberhedge gets funding edge in Luxembourg
Luxembourg Future Fund provides support to boost nation’s tech scene.
Lendtech Pepper Money looks for UK banking licence
Its ambitions are nothing to be sneezed at.
SME lender Iwoca gets $7.5m investment from Augmentum
As part of a larger investment round.
Data firm Essentia Analytics brings in £2.5m funding
Provided by Calculus Capital.
Webinar: The ROI of AI – Converting conversational AI into revenue for banks
Learn how to increase customer lifetime value, customer retention and reduce costs
Mastercard trumps Visa with £233m offer for Earthport
Visa had made a £198 million offer earlier.
Top fintech stories this week – 25 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Age of Konsentus for Mastercard’s open banking
Firm selected by paytech titan to deliver TPP identity and regulatory checking solutions.
Cognizant acquires Finnish IT firm Samlink
Will also build and operate a shared core banking platform for three companies.
Fintech Agora fires up for small American FIs
Start-up offers a digital leap without a core banking revamp.
Gamblers win with Experian affordability check
Can your customers afford to gamble?
UK payments regulator back with card-acquiring services review
PSR sets the final terms of reference for the final stage.
Almoayed and Moven go for digital banking advance
Duo team up for fintech ambitions in MENA region.
US challenger bank Newbridge will start spreading the news
It will soon be fintech showtime on Broadway.
Mexican challenger bank Albo raises $7m
Series A funding round led by Mountain Nazca.
Banking Competition Remedies back for seconds
Second Incentivised Switching Scheme application window to open in June.
RIP Microsoft Wallet
Of our elaborate plans, the end. Of everything that stands, the end.
IBM bags $260m banking tech deal in Philippines
Bank of the Philippine Islands speeds up its digital revamp plans.
Barclays raises Rise Growth Investment funds for fintech start-ups
Will offer new investment capital of £10 million per programme.
Atom crypto exchange readies for Hong Kong launch
AAX will be powered by tech from London Stock Exchange Group.
Nasdaq leads $20m funding in blockchain firm Symbiont
Will use funds for action in data management and lending space.
Shares plummet as Metro Bank misses profit target
That said, the profit before tax of £50 million is much better than 2017.
Growth Street gets £7.5m funding to grow lendtech business
Round led by Merian Chrysalis Investment.
Job losses loom as Santander closes 140 UK branches
Up to 1,270 staff could be affected by this wave of closures.
Financial software provider Zafin secures $17m funding
Round led by Vistara Capital Partners, Beedie Capital, and Accenture Ventures.
Swift gpi delights in double digit growth
Global payments innovation service’s values also exceed $300 billion daily.
O2 Banking app enters Raisin’s world of savings
Bank will use Raisin’s platform WeltSparen in Germany.
Advent International takes majority stake in Prisma Medios de Pago
The Argentinian payments giant covers a big market in the region.
FCA answers calls for cryptoasset clarity
UK’s Financial Conduct Authority goes consulting again.
MoneeMint picks Codebase for core banking
Utilising the funding it received in October 2018.
Corelation signs new clients for Keystone core system
Also, Sandia Laboratory FCU ousts 40-year old legacy tech with Corelation’s Keystone.
Lloyds to cut costs with Thought Machine platform move
Bank wants to transfer data to new core system – and job cuts also loom large.
BioCatch joins anti-vishing fight
WTF is vishing? It’s a type of authorised push payment (APP) fraud.
Allied Payment Network fortified via Plymouth Growth investment
The deal in Indiana was valued in the “multi-millions”.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
BNP Paribas and IBM show cloud commitment
They extend their partnership for eight years.
PayPal joins $40m funding party for fintech app Dosh
Follows on from $44 million in last year’s Series A round.
Wahey! Record payment volumes for Pay.UK
UK authority says automated payments hit an all-time high in 2018.
Nutmeg gets £45m support led by Goldman Sachs
And from previous investor Convoy, as it eyes Hong Kong expansion.
