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South African Reserve Bank fines HSBC $1m for AML fails
There were “certain weaknesses” in its detection of money laundering.
eToro launches GoodDollar for social good
Seeks to reduce income inequality with a new cryptocurrency.
Banco Ficensa live with new core banking system, Datapro’s e-IBS
The implementation was “transparent and efficient”, Datapro says.
UK fintech and FIs get dating guide
New guidelines aim to accelerate fintech growth.
Mash and Nets partner for pay later solution across Nordics
Will be first available in Finland and Sweden.
Finance app Portify fortifies with £1.3m funding
UK start-up gets money from Kindred Capital and Entrepreneur First.
NatWest and JP Morgan fuel TransferWise’s £65m funding
Syndicated debt facility also includes help from LHV Bank.
Fingerprints all over Intesa Sanpaolo’s biometric contactless card trial
The card is provided by Gemalto through the bank, with technology from Zwipe.
Morgantown Bank & Trust in core banking tech revamp with CSI
The bank is moving to CSI’s NuPoint core banking system, delivered on a hosted basis.
Meniga gains foothold in Southeast Asia with UOB deal
Meniga’s tech to help UOB’s customers “keep track in real time of their savings and expenses more easily and clearly”.
American Express breaks into China’s payments market
First US credit card company to get Chinese central bank approval.
Bank of England tests financial sector’s cyber strength
Readying for resilience in a risky world.
UBS ferociously fights DoJ fraud claims
Swiss bank says the claims aren’t supported by law.
Independent Community Bankers of America launches fintech accelerator
It thought about it… then unleashed ThinkTech with the Venture Center.
Top fintech stories this week – 9 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Zopa closes £60m funding for bank dream
Largest funding round to date.
EC gets cross with Malta over AML supervision
Don’t forget the fourth Anti-Money Laundering Directive.
Deutsche Bank desires loyalty with Yunar app launch
Start-up behind Yunar is a wholly owned subsidiary of the bank.
Grab gets $50m funding from Kasikornbank
They also unveil GrabPay by KBank, a co-branded mobile wallet.
Talend seeks some data talent in Stitch acquisition
Stitch will be rebranded as Stitch Data Loader.
Build-a-card workshop with Gemalto’s Mini Kiosk
On-the-spot card issuance.
NY subway to accept contactless cards in 2019
US plays catch up in retail payments.
US community banks forge Alloy Labs Alliance
“No bank wants to be the next Sears.”
Standard Chartered teams with Instabase for clever KYC
As the fintech comes out of the bank’s eXellerator.
Jaja Finance receives £3m funding to launch card
Equity crowdfunding led by Blystad Group and Pollen Street Capital.
JP Morgan finds nice match in fintech Wematch
Trading tech firm Wematch will join in-residence programme.
CardFlight partners with Payscape for merchant base race
Payscape will offer CardFlight’s SwipeSimple tools.
Coconut smashes crowdfunding goal in a day
Over £650k raised, from an initial goal of £500k.
Wevest wants to be best with digital asset manager launch
Berlin-based firm unleashes Wevest Capital.
Canada’s Zag Bank to be canned
Bank’s shareholder Desjardins Group targets Q2 2019 ending.
Lloyds to up digital game with Thought Machine
Takes a £11m investment – 10% stake.
Fraud foe Fraugster fetches $14m funding
Led by CommerzVentures, the venture capital subsidiary of Commerzbank.
Oracle and B-Hive call for fintech start-ups
Duo launches six-week programme for mature start-ups and scale-ups.
Quantexa goes on data adventure with Accenture
The investment comes with a tech collaboration.
Westpac invests $800m in digital revamp
Includes migration of 100 apps onto cloud infrastructure platforms.
BBVA delivers first syndicated loan on blockchain
BNP Paribas and MUFG also participated in the deal.
“Almost all” Pakistani banks hacked
Pakistani Federal Investigation Agency reveals security breach.
IBM shows off three new bank clients
Bank Zero, Caixa and KB Kookmin are all up for IBM Z or LinuxONE.
Focus Solutions releases financial advice software for FIs
“More than gamified fact-finding.”
