Apple restricts crypto mining on iOS
Cloud-based mining apps are, in theory, still allowed.
News
HSBC to invest $15-17bn in new tech
It wants to get back into growth mode.
German banking software provider NDGIT raises $4.7m in funding
The funding round was led by Capnamic Ventures.
Avoka on Springboard for deposit account opening
Offering FIs an off-the-shelf solution that integrates digital KYC, fraud and risk evaluation, and funding.
Brazil dances to victory in Danske’s World Cup model
Bank uses its football World Cup model to predict the outcome.
Banco de Chile loses $10m and 9,000 hard drives in hack
The bank reports it was forced to disconnect every PC and terminal.
SIA feeling TIPS-y with Eurosystem certification
First network service provider to get certification from the Eurosystem.
Luge Capital goes huge with $75m fintech funding
Canadian VC fund looking at fintech, financial services and AI.
South Korean crypto exchange Coinrail derailed in hack
30% of the coins have been lost and Bitcoin’s value drops.
InvestCloud acquires rplan for $20m in asset management advance
Deal extends its direct-to-consumer (D2C) offering for asset managers.
Copenhagen Fintech and CARE call for start-ups
Looking for ideas in providing loans and cash for the unbanked.
UK challenger bank Project Imagine preps for launch
A new digital contender with its eyes set on wealth management.
Standard Chartered Hong Kong to apply for virtual banking licence
To grab a share of the digital and financial inclusion markets.
Wells Fargo under fire from USAA over remote deposit capture patent
USAA claims it is the original inventor of the technology.
Kakao Bank’s chatbot will answer up to 80% of requests
Kakao Bank’s new chatbot hopes to address the increasing customer demands.
South African Ethereum test proves efficiency of blockchain-based payments for banks
A blockchain-based payments system tested last week outdid traditional payment networks.
Alternative investor DarcMatter and crypto fund #Hashed team up
Alternative investment platform DarcMatter teams with South Korea’s crypto fund #Hashed.
iSignthis teams with paytech start-up Gobbill, unveils B2B transactional banking service
New service aimed at small to mid-scale CFD, FX, and gaming industries.
Goldman Sachs kicks off Immersive Lab’s cyber training programme
Immersive Labs aims to help companies train their staff in cyber skills.
SuperCharger’s latest programme raises $14.4m and inks 47 deals
SuperCharger accelerator results in 47 deals after 12 weeks, and a lot of funding.
Ant Financial lands $14bn investment for Alipay’s global march
Both domestic and international investors are participating in the investment round.
London stock market freezes for an hour due to technical issue
The issues were only temporary, but delayed trading for an hour.
Shieldpay powers UK’s first digital real estate transaction
A big real estate market to transform.
US Department of Homeland Security awards contract to iProov
iProov’s tech to support border security for the US Customs and Border Protection (CBP).
Debt restructuring company Lendstreet receives $7m funding
Lendstreet just closed a $7m investment round to fix Americans’ debt.
Xero launches Connected Accounting, partners with Citibank
Xero unveils the first wave of new features at Xerocon Atlanta.
Ignite Sales and FIS join forces on digital engagement
Ignite will make its customer engagement tech available to FIS community banking clients.
Envestnet | Yodlee’s AI FinCheck takes financial wellness to a new level
Data aggregation and analytics firm Envestnet | Yodlee bolstering PFM capabilities.
Blockbid teams turns to LexisNexis for AML compliance
Blockbid shoring up its AML safeguards by turning to LexisNexus Risk Solutions’ ThreatMetrix.
Top fintech stories this week – 8 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Isbank’s call centres to be powered by Clinc’s AI
US-based Clinc has also opens its first international office in London.
Mastercard tackles faster payments in the UK, smart watches and open banking
Mastercard reaches out to Starling Bank, NXP, and prepares for open banking.
Money20/20 Europe: how to build a company that behaves
How financial services can be reimagined by an understanding of human behaviour.
Italy’s banks set up their blockchain front line
With the support of R3, NTT and SIA, Italy has made the move onto blockchain.
Bahrain National Holding in insurtech revamp with TCS Bancs
New tech is part of BNH’s “ambitious transformation strategy”.
Virtual assistant Amelia to modernise customer service at BBVA
BBVA is using a virtual assistant for its customer service in Mexico.
Money20/20 Europe: key takeaways
The trends and key issues when the Money20/20 Europe circus rolled into Amsterdam this week.
Money20/20 Europe: GAFA and Grandhood day
Fraud fears, GAFA and other odds and ends from the Amsterdam event.
Alpha Fintech teams with Trustly for new payment options
Paytech firm Trustly celebrates its tenth birthday by partnering with Alpha Fintech.
Gift Card Impressions acquired by InComm
Prepaid products company InComm buys former competitor Gift Card Impressions (GCI).
