UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
News
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
South African paytech Yoco raises $16m funding
Round led by Partech with participation from Orange Digital Ventures.
Ebix acquires wealthtech Miles Software for $19m
Mumbai-based firm snapped up by e-commerce service provider.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
UK challenger bank Monese eases into $60m funding
Pushing ahead with its mobile banking plans across Europe.
FIS sells Certegy cheque business
Certegy Check Services sold to Variant Equity Advisors.
SynapseFI raises $17m in new funding
It’s making public what insiders have known for months.
CAN Capital receives $287m financing facility
Money courtesy of alternative asset manager Varadero Capital.
Xero Learn sets stage for future number crunchers
Accountants of tomorrow have a new hero in Xero.
UK savings app Numeos gets FCA seal of approval
Start-up is now regulated by Financial Conduct Authority.
Visionet and SmartPesa unleash Mobey payment service in Indonesia
Solution is designed for financial institutions and merchants.
Philippine Veterans Bank picks Fiserv front office for digital revamp
The bank is a long-standing user of Finastra’s tech in the back office.
United Bank of Egypt completes Finastra core banking revamp
The selection for retail, corporate and treasury business was made in 2016.
Yandex unveils public cloud platform
Yandex.Cloud hovers into view over Russia.
Norway’s Kraft Bank craftily powers up
Sandnes-based bank plans to offer consumer loans and credit.
Elavon expanding merchant payment line with ETS acquisition
US Bank subsidiary buys Virginia-based Electronic Transaction Systems.
NAB adds another $50m to VC fintech fund
NAB Ventures up for more start-up adventures.
Greece’s first challenger Praxia picks Temenos T24 core banking system
As it recovers economically, SME lending can add a boost to the country.
ASX blockchain system go-live delayed
Australian Stock Exchange’s system was meant to go live at end of March 2018.
Munich Re acquires IoT player Relayr
Acquisition is via its subsidiary Hartford Steam Boiler.
Varo Money on course for first US bank licence
Start-up could be first fintech to receive bank charter from OCC.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
Life’s Alight for Wipro with $1.5bn deal
Indian firm reveals record ten-year deal with Illinois-based Alight Solutions.
Australia’s banks turned on by Osko for new payments platform
After a six-month delay, Westpac and ANZ are now rolling with it.
UK start-up Tailord to launch fitting fintech products
Will offer a payments ring, online account and cash loading.
ING feels sting of €775m fine for money laundering mishaps
Dutch bank says its “shortcomings enabled customers to misuse accounts”.
Hungary’s instant payments system to go live in 2019
GIRO and Nets say system will go live on 1 July 2019.
Insurtech Sagittae targets risk sharing on blockchain
Dutch firm offers peer-to-peer financial protection.
Contis gets UK consumer credit licence with Paze acquisition
Also gets a consumer lending system with AI analytics.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
TSB CEO goes as banking woes linger
After seven years as CEO, Paul Pester will leave the bank.
Foxconn and friends form $100m VC fund in US
Wisconsin business community gets some love and (more importantly) money.
EasyMoney hooks up with HooYu for identity verification
Since the integration of P2P lending, EasyMoney needs to up its KYC and AML game.
Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Wealthtech Sarwa raises $1.3m in funding
Automated and human investment advice catching on.
Deutsche Börse sets up DLT and crypto unit
Also makes an initial investment in HQLAx.
Infographic: Open Banking – progress update
Courtesy of the Open Banking Implementation Entity (OBIE).
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
