Open hits $50m funding for SME banking
The Indian fintech will use the funds to scale up the team.
Banking
How to enter a banking market
The lowdown and practical examples of how to launch a bank.
Blend raises $130m for digital loans
The lendtech has also welcomed new execs.
Three old-school self-service strategies to ditch – and what to do instead
The ATM is the only channel that provides cash access anytime, anywhere. Take advantage of its huge potential!
MX raises $100m for data tech boost
Funds will be used to focus on clean data.
Arival takes step closer to US banking licence
The fintech has launched a $3 million crowdfunding campaign.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
Video: fintech news weekly round-up – 24 June 2019
Facebook’s new crypto is here!
White paper: Keeping secrets secret – how to protect confidential documents in a global bank
How a global bank leveraged Sinequa’s AI-powered search & analytics platform.
Finicity and LendingQB partner to accelerate mortgage process
The solution helps lenders spot underwriting factors that can make the process faster.
Thomson Reuters to acquire Confirmation
It will expand core tax, accounting, and audit solutions.
JP Morgan and StatPro form strategic alliance
The five-year partnership will develop risk and performance attribution capabilities.
Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
Desjardins announces internal security breach
The personal information of 2.9 million members was disclosed.
Current’s new adult bank account sees strong growth
The challenger banking service started as a prepaid teen card.
Core banking and core principles: getting to the future, from where you are today
It is now possible for us to be digital all the way down.
Webinar: don’t disrupt – avoiding the dangers of transformation
70% of digital transformation plans fail. Find out why in this upcoming Finovate webinar.
Dave Banking launches checking account
The new US challenger bank offers interest-free advance and opportunity to build credit.
Token lands $16.5m funding round
It will use the funds to build on its TokenOS open banking platform.
Video: fintech news weekly round-up – 18 June 2019
This week, the FCA makes a return with pro-consumer rules!
Canada’s Stack teams up with Payment Source
The partnership aims to target millennials.
Chip Mong Bank picks Compass Plus to support Cambodia launch
Compass Plus provides an ATM cash-by-code service.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
CGI makes £78.9m all-cash offer for SCISYS
The deal would expand CGI’s reach in European space and defence markets.
Trustly to merge with PayWithMyBank
Trustly and PayWithMyBank will combine into a global payments entity with revenues of more than $120 million in 2018
Challenger banks in Canada: who’s who and what’s their tech
A comprehensive list of challenger banks and banking services in Canada and the tech they are using.
Bento unveils Venmo-style digital payment solution for SMEs
Bento Pay will only require the payee’s email address in order to send payments.
JP Morgan extends partnership with AccessFintech
This is the first custodian to collaborate with them on real-time transparency.
Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
Brex raises $100m to reach $2.6bn valuation
In an extension to a Series C round launched in October.
Symphony goes global to the tune of $165m funding
Standard Chartered, MUFG and other existing investors participated in the round.
In defence of bankers
A new kind of banker is emerging. Less arrogant. Less entitled. More ethical and informed, tech savvy and less greedy.
The real-time data conundrum facing banks
Unlike digital natives, incumbent banks are stuck with legacy systems. But are these firms ready for change?
Commercial banks are joining the API revolution
Ultimately, the power of APIs is not in the technology but in the vision behind that technology.
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
World Bank picks Murex for treasury
It is understood to be replacing Finastra’s treasury system.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Core modernisation is essential for truly digital banking
Banks have only to look at how innovators have transformed retailing and music to recognise this truth.
