H&M fashions itself a $20m stake in Klarna
Fashion chain finds fintech to its liking.
News
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
Transport for London ruins our day with fintech start-up launch
New subsidiary is called Total Failures Limited.
Bank of Punjab live with new core banking system, Oracle Flexcube
Government-owned bank in Pakistan implements a new core banking system.
Crypto start-up Circle snaps up SeedInvest
Plans for token marketplace get boost from equity crowdfunding platform.
Customer experience tech Glassbox achieves $25m funding
Investors include Updata Partners, Ibex Investors, CEIIF, and Gefen Capital.
Bank of America launches cross-bank feature for app
Available for associated banks: Bank of America, Merrill Lynch, Merrill Edge and US Trust.
Curve rolls out Amazon cliché in $50m funding quest
The “Amazon of banking”. Whatever.
The ID Co in good mood with NoMo Money app launch
An app with a “healthy dose of personality”.
Startupbootcamp Scale Fintech calls for LatAm start-ups
Applications are open until 10 December.
Toronto receives $1.4bn tech investment in September
The tech ecosystem in Toronto is growing – and fintech is sure to follow.
Challenger bank N26 begins beta launch in UK
The Germanic one revealed its plans back in November 2017.
Student Loan Genius cleverly relaunches as Vault
“We’ve changed our name to reflect that we’ve honed our focus.”
Lighter Capital perks up capital client programme
Business tools and service offerings for start-ups funded by US firm.
Trustly teams with Mintos P2P marketplace
Sweden-based paytech partners with Europe’s largest P2P marketplace.
Daon inks deal with South Africa’s Capitec Bank
Bank will use Daon’s IdentityX platform to develop new authentication solutions.
Top fintech stories this week – 5 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Critics circle as shares flop for Funding Circle
Suddenly everyone’s an expert.
Cryptocurrency ATMs in Argentina take the peso
On the way and set to exploit peso volatility.
Danske Bank sets date for wearable testing
FastPay gears up for contactless payments.
KKR and Tencent lead $175m investment in Philippines’ Voyager Innovations
“Largest investment to date in a Philippine tech company.”
SBI Ripple Asia launches MoneyTap in Japan
Ripple-powered payments app offers real-time settlement.
NY-based Petal blossoms with $34m investment
Follows a $13m investment by Peter Thiel’s Valar Ventures.
FIS and Banco Bradesco stay friends as JV ends
Love lingers as they plan to expand commercial relationship in Brazil.
Danske Bank talking to US over €200bn money laundering case
Department of Justice would like to ask some questions.
UK regulators approve CYBG’s takeover of Virgin Money
The CYBG brands will disappear as the new entity will unite under the Virgin Money name.
Insurtech Hokodo hogs €1.9m in seed funding
Providing insurance via APIs for SMEs.
Kooltra coolly collects $5m funding for FX automation
Canadian cloud platform plans UK and US expansion.
MX to power Ent Credit Union’s Money Insight tool
Getting to know you, getting to know all about you.
Independent Financial Partners finds Agreement Express agreeable
IFP will use Agreement Express’ Automated Broker Transitions platform.
Fiserv and DadeSystems unleash automated A/R
Making account receivables less manual.
Arachnys gets $10m funding in its web
The regtech’s funding was led by QED.
Banking Technology October 2018 issue out now
The tree of fintech life: growth, gains and generations.
Case study: Home Credit – to its credit
Life is good at the heart of Europe.
Europol teams with Cyber Defence Alliance to fight fraud
To share intelligence on cybercrime activities.
Societe Generale seeks start-ups for Global Markets Incubator
Focusing on fintechs working on market activities.
Bahrain to raise $100m for fintech ventures
Will be complementary to an already-existing $100m fund of funds.
Broadridge intensifies interest in Israel
Digital centre of excellence follows ActivePath acquisition.
Russia’s Alfa Group plans to create online insurer Mango
Several million dollars invested in insurance start-up.
Nexo Standards Annual Conference: equality and fraternity
Paytech news from the Paris show.
