Amex brings SME financing to UK with ezbob
SMEs can apply for a loan in ten minutes – and, if successful – receive funds on the same day.
News
IndusInd Bank combines credit and debit in one card
IndusInd Bank Duo Card is the first of its kind in India.
German business bank Penta raises €7m
The bank’s kicks off its Series A successfully.
11:FS Foundry’s launch brings digital to banks
With Norway’s DNB as a first client and investment partner.
Starling Bank expands white label banking services
Allowing every company to offer banking services.
Metro Bank personalises advice with Insights
Metro Bank’s new money management tool was developed with Personetics.
Fujitsu bags Lowell contract worth €60m
Credit management tech with AI and robotics added.
IMS 2018 Lisbon: bank digitisation and reading the client
How do retail banks stay relevant to their customers’ changing demands and priorities?
Gresham extends ANZ deal for five years
The deal aims to improve digital banking experience for ANZ’s corporate customers.
Standard Chartered opens eXellerator lab in London
The third lab for the international bank.
Walmart and PayPal join forces for cash transactions
First time for PayPal to transact in cash, but each cash transaction is priced at a flat, $3 service fee.
Top fintech stories this week – 12 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Financial wellness platform PayActiv raises $20m funding
The Series B financing round was led by Generation Partners.
US lendtechs CUneXus and Kasasa team up
Kasasa has integrated with CUneXus’ cplXpress offering.
BNP Paribas goes international with Earthport payments
BNP Paribas Fortis in Belgium will be the first to roll
Generali France deploys three AI Watson implementations
And creates a centre to develop AI use cases.
Clearmatics raises $12m to build new financial market infrastructure
Building P2P networks for trade finance.
Philippine lending platform First Circle raises $26m
Aims to expand to other countries in the region next year.
IHS Markit hits the mark with syndicated loan market data platform
First of its kind, it combines data drawn directly from approximately 150 agent banks.
Societe Generale agrees to deploy Duco’s platform
Duco SaaS platform for reconciliation and data control systems.
Standard Chartered and Huawei tackling corporate payments with IoT
The bank aims to enable triggering instructions in real-time through APIs, rather than through manual paper or e-mail.
White paper: Digital Transactions Drive Future of Banking
State-of-the-art encryption practices, audit trails, and rigorous security certifications keep customer data safe.
bpost bank turns to Wolters Kluwer for regtech
Wolters Kluwer’s OneSumX to support bpost bank’s reg reporting and AnaCredit.
Lloyds Banking Group launches voice ID for telephone banking
Nuance provides its voice authentication tech to Lloyds Bank, Halifax and Bank of Scotland.
New Aussie neobank Up is alive and kicking
Promising “never-seen-before” features.
Crypto venture fund Dragonfly flutters into fintech with $100m
Aims to bridge the gap between East and West in crypto economy.
Germany’s Aareal Bank invests in UK real estate platform BrickVest
Second German bank to acquire a stake in the firm.
Tencent invests $180m in Brazilian challenger Nubank
Takes the bank’s valuation to a lively $4 billion.
Aussie challenger Volt taps into PayPal’s customer base
Partnership allows PayPal’s customers to share login with Volt.
Denmark’s regulators investigated over Danske Bank €200bn AML breach
European Banking Authority is taking money laundering more and more seriously.
CDPQ buys stake in fintech provider FNZ for £1.65bn
HIG Capital and General Atlantic sell stakes to Caisse de Depot et Placement du Quebec.
US card provider Brex is it with $125m funding
San Francisco-based corporate card provider for start-ups making progress.
Sylo and CentraPay partner for PoS payments on blockchain
The new product, Sylo-CentraPay, will launch in 2019.
WB21 bank boss faces lawsuit by US regulator
WB21 bank boss faces lawsuit by US regulator
Westpac stays mobile to check cheque’s death march
“Cheques are often considered a thing of the past.”
Haball, 1Link and Meezan Bank partner for B2B payments in Pakistan
Haball the aggregator, Meezan on settlements, and 1Link on processing.
Argentine Banco Galicia opens up Starbucks bank branch
Following Santander’s coffee + banking branch opening in Chile.
Czech bank Moneta to acquire Home Credit for €767m
Will get its hands on consumer finance provider and retail challenger bank.
HKEX takes no risks with Nasdaq tech
Hong Kong Exchanges and Clearing rolls out risk solution.
Business management software Wiise Rhipe for action Down Under
Wiise is a cloud-based platform designed to “solve SME pain points”.
