UK regulator puts out feelers for fourth wave of fintech firms
The UK’s Financial Conduct Authority (FCA) is now accepting applications from fintech firms to be part of its fourth sandbox phase.
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Prosper with ABN Amro’s Prospery wealth manager
ABN Amro has unleashed Prospery, its online wealth manager offering digital asset management combined with personal coaching by experts.
Jaywing the Archetype with new AI risk tech launch
Risk and data science firm Jaywing has unveiled Archetype, a new risk technology product that uses artificial intelligence (AI), machine learning and deep neural nets to help lenders generate statistical models.
Andromeda botnet dismantled by international law enforcement coalition
A group of international law enforcement agencies, including the FBI, are claiming a victory over the massive Andromeda botnet, which infected at least one million PCs each month and spawned a wave of malware families.
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Payoneer lands funding from China Broadband Capital
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.
Revolut launches cryptocurrency trading
Consumer interest in digital currency is at an all-time high. Much of this is thanks to Bitcoin and so this week is the perfect time for global banking company Revolut to launch cryptocurrency trading on its platform.
CoreOS extends Tectonic into open cloud services
CoreOS is continuing to move up the stack by adding developer services into Tectonic, the start-up’s Kubernetes implementation.
IBM’s Power9-based AC922 system designed for AI workloads
IBM is ready to start shipping the first commercial server systems built around its recently released Power9 processor. Dubbed the AC922 Power Systems, these servers will ship by the end of December, and are specifically designed for artificial intelligence (AI) workloads.
White paper: eIDAS and e-signature – a legal perspective
In this eIDAS paper, legal expert Lorna Brazell of Osborne Clarke LLP explains electronic signatures under the EU’s new Electronic ID and Trust Services Regulation.
E-book: Four key benefits for credit unions
Read the e-book to learn how DocuSign helps credit unions increase speed, decrease errors, lower operating costs, and grow their business.
E-book: In-Memory Computing for Financial Services – Part 2
New financial services challenges – are you ready for Modern Payments Systems, IoT and blockchain?
KBC seeks mobile app partnership
Belgium bank KBC with its mobile banking app is seeking to form a partnership to broaden its third-party services.
BPCE targets revenue growth with €600m digital revamp
BPCE, the second largest banking group in France, is seeking revenue growth and expansion with a new €600 million “TEC 2020” digital transformation plan.
Wirecard and sendhybrid going digitally postal in Austria
Paytech firm Wirecard is collaborating with sendhybrid, a company linked to the Austrian postal service Österreichische Post, to offer electronic post-box users a payment service to settle public sector digital invoices.
Fintech funding round-up: 4 December 2017
Coming straight after Friday’s (1 December) fintech funding action, here’s another round-up to take the Monday blues away. This round-up features Oakam, KeyBank, Snapsheet, Payrailz and Elsen.
Kuzzle to launch retail digital banking solution
Technology start-up Kuzzle, the open-source backend solution for mobile, web and internet of things (IoT), will launch its latest solution for digital banking at FinTech Connect Live in London.
Tungsten Network and BNP Paribas e-invoicing takes away pain in supply chain
Tungsten Network will work with BNP Paribas to offer e-invoicing linked receivables purchase and e-invoicing linked supply chain finance (e-SCF) to large corporates in the US and Canada.
Itaú Unibanco in wealthtech revamp with Temenos
Itaú Unibanco, Latin America’s largest banking group, has signed for a new core banking solution – Temenos’ T24 – for its international private banking business.
UBS turns to fundinfo for fund data procurement
Private banking giant UBS and its fund platform Fondcenter have commissioned fundinfo to procure and source fund data from fund providers and asset managers.
Oracle FSS launches new version of Flexcube core banking system, V14
Oracle FSS has unveiled the latest release – V14 – of its flagship core banking system, Flexcube.
Blockchain and Bitcoin round-up: 5 December 2017
Our latest blockchain and Bitcoin round-up features R3’s Corda and AWS; gambling with McDonalds; XinFin in Singapore; and Cardano Foundation and Z/Yen Group teaming up.
Moneythor supplies PFM tech to Orange Bank
Moneythor, a Singapore-based fintech firm, has deployed its digital banking toolkit and personalisation engine at France’s new mobile bank, Orange.
First Bank chooses Crmnext’s human touch for branch revamp
North Carolina-based First Bank has selected Crmnext’s customer relationship management (CRM) solution for a branch overhaul.
PayPal’s TIO network data breach hits 1.6m customers
PayPal has revealed that a potential compromise of personally identifiable information for approximately 1.6 million customers has been found on its TIO Networks.
Mastercard calls for fintech start-ups
Mastercard has put its cards on the table with a clear call for start-ups to join its Start Path programme – its effort to tap into later-stage fintech and tech firms.
Payments round-up: 4 December 2017
Betas, big numbers and the big match. Our latest payments round-up features Emma Technologies, Yolt, and Visa and the football World Cup in 2018.
Calastone plans mutual funds market on blockchain in 2019
Calastone has revealed its funds transaction network will be migrated onto a full blockchain-enabled infrastructure in 2019.
Saudi stock exchange in post-trade tech revamp with Nasdaq
The Saudi Stock Exchange (Tadawul) has chosen Nasdaq to overhaul its post-trade technology infrastructure, which includes registry, depository and risk management technologies.
Intel’s Diane Bryant jumps over to Google Cloud
Diane Bryant’s leave of absence at Intel has become permanent, as she’s joining Google Cloud as COO, working with Diane Greene.
Equinix makes major global cloud play
Equinix has announced a major expansion of its Equinix Cloud Exchange and in the process, dove much deeper into the enterprise market.
E-book: Realizing value in mortgages with eSignature
Closing more loans and realizing revenue more quickly is every lender’s goal. But if you’re operating with costly, time-consuming paper-based processes, that goal will be impossible to achieve. The only viable option is to part ways with paper and partner with a digital solution.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
HooYu to provide verification services for UK challenger bank Countingup
Challenger bank Countingup is the latest firm to call on London-based HooYu for its innovative identity confirmation services.
New live site for ICS Banks core banking system in Iraq
Al-Thiqa Islamic Bank has gone live with new core banking software, ICS Banks, supplied by ICS Financial Systems (ICSFS).
Barclaycard building digital bank in US
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
Hartford InsurTech Hub hails hearty start-ups for 2018
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme. The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance. According to the hub, over […]
BS/2 and VisionLabs fool fraud with faithful facial recognition tech
BS/2, a Lithuanian banking technology company, and VisionLabs, a face recognition software provider, have teamed up to fight financial crime by offering contactless identification for self-service terminals. The duo will offer an integration solution – using BS/2’s ATMeye.iQ, a self-service video surveillance and fraud prevention system, and VisionLabs’ LUNA face recognition platform. The solution uses […]
AWS goes on GuardDuty for cloud security
While Amazon Web Services (AWS) is considered the undisputed leader in public cloud services, the company continues to make improvements to its platform. Security is now the next step, reports Enterprise Cloud News (Banking Technology’s sister publication). At its re:Invent 2017 customer showcase in Las Vegas this week, AWS unveiled its new security service called […]
Fintech funding round-up: 1 December 2017
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
