TransferMate finds €21m investment mate in ING
They want more SME customers and corporate clients.
News
Chase Pay and Samsung Pay partner for retail action
JP Morgan Chase takes its payment ambitions up a gear.
GMEX takes gold-coated stake in Usave Blockchain
All part of a plan to build a digital exchange for physical gold.
Poland’s Horum Bank readies for launch abroad
Seeking a licence from one of the Baltic countries.
CLS and IBM furnish fintech with hosted blockchain service
Duo unveils services hosted on DLT platform LedgerConnect.
mBank and Commerzbank prep pan-European challenger
Project Kopernik (Copernicus) will initially target Germany.
Be at the heart of the biggest fintech event of the year – Sibos 2018
Explore opportunities with Daily News at Sibos.
City of London Group to acquire Acorn to Oaks for £1.4m
A2O focuses on SME and insurance products.
Yoyo tops 1m user milestone
UK-based mobile payments and loyalty marketing platform on a high.
SoftBank, Yahoo Japan and Paytm make mobile payments mammoth
Smartphone payment service called PayPay. Genius!
Cyprus Securities and Exchange Commission launches fintech hub
CySEC will also look for regtech action.
Stripe lines up APIs for programmable payment cards
APIs rule for US mobile payments firm.
Isbank opens API portal in Turkey
Initially offering 14 APIs for developers.
Monzo challenges Starling with joint account launch
Starling has had a head start.
CloudTrade secures £2m investment from Calculus Capital
Cloud-based docs are finally in demand.
Thomson Reuters Financial & Risk and Blackstone create Refinitiv
Will be a standalone company. And should lead to shorter headlines.
UK regulator clamps down on crowdfunding
Financial Conduct Authority proposes changes to rules and calls for feedback.
VTB Bank in Armenia updates mobile and online services
Only 7% of transactions were made online in the first six months.
TSB’s April IT crash leads to £107m loss
Results in a loss of customers and increased post-migration costs.
Feedzai to help Credorax fight merchant fraud
Feedzai uses big data technology to stop payment fraud in real-time.
Switch brings voice tech to its CardSavr API
CardSavr will use natural language processing for managing cards on file.
Top fintech stories this week – 27 July 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Starling faces payment and app issues, again
The bank struggled with its payment processor in the past.
Payments firm Flywire flying with $100m funding
Singapore investment firm Temasek led the Series D round.
Hitachi and KDDI trial biometric payments on blockchain
They aren’t KDDI-ing with their coupon settlement system experiment.
Banking Trojan Kronos reborn
New version rebranded Osiris and is being sold on underground markets.
MBT Bank outsources core banking tech to Jack Henry
MBT Bank has signed for Jack Henry’s Silverlake (core banking) and Banno (online and mobile channels).
Coinbase unveils crypto e-gift card for Uber and Google Play
All enabled via its partnership with WeGift.
Deutsche Bank debuts digital signatures for corporates
Accelerated account openings have arrived.
Infosys’ Finacle core banking system gains new taker in Myanmar
Ayeyarwaddy Farmers Development Bank in tech overhaul with Infosys and ACE Data Systems.
Swift unleashes gpi for corporates pilot
Corporates and banks to test a new multi-bank payments tracking solution.
Powerful PayPal parades financial prowess
Revenue, income and payment volumes are all up.
Consumer investment platform Yammi launches in Russia
Created by Yandex.Money and FinEx.
Tally ho! Debt management app gets $25m funding
Series B funding led by Kleiner Perkins.
Five Degrees buys Icelandic core banking provider Libra
Dutch firm seeks boost to its digital banking ambitions.
Figure Eight dates Google Cloud for machine learning
Figure Eight will serve as the data launch partner for Google Cloud AutoML.
Alipay and Tenpay fined for breaking Chinese FX rules
China wants to keep money within its confines.
German digital platform WeVestor powers up
Berlin-based firm targeting entrepreneurial investors.
FinAccel’s payment app Kredivo raises $30m
Jakarta-based firm plans expansion in Southeast Asia.
Earthport brings in new staff to stop rocky financials
CEO and CFO change as payments company reports increasing losses.
