Top fintech stories this week – 05 July 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment, Asset & Fund Management
Currencycloud raises around £32m
Investors in the first part of the Series E round have not been disclosed.
Sensibill raises $31.5m for AI-driven banking solution
The Toronto firm targets freelancers and entrepreneurs.
Silicon Valley Bank lends $300m to innovative Irish companies
It will bring the total amount brought to the Irish market to $500m by 2024.
Covenant Capital signs up on Profidata’s e-AMIS
The wealth manager will be able to follow better independent tailored advice.
Broadridge takes over Northern Trust’s PE DLT platform
The move is viewed as a step towards an industry-wide PE blockchain solution.
MoneyGram agrees $50m partnership with Ripple
The strategic partnership will have an initial term of two years.
Sure secures $23.1m Series B funding
The funds will enable the company to scale-up its business.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Groupama overhauls product repository with Appian’s low-code platform
A new lifecycle management application has been deployed.
Asset management firm AllianceBernstein picks OpenFin for new OS
A new desktop technology infrastructure, allowing integration and interoperability.
Liquidnet acquires RSRCHXchange for investment data insights
RSRCHXchange digitises content and provides a centralised hub for research access.
Finitive gets $6m funding for alternative lending investments
Investors can now access non-bank lending sectors.
AI and ML empower advisors by predicting their clients’ economic behaviour
The advisor’s role goes beyond managing money; it has shifted to managing lives.
White paper: Empowering Investment Bankers with Data Science
How to build the modern CRM system with built-in AI and machine learning.
New cryptocurrency exchange eToroX unveiled
The exchange supports six cryptocurrencies and eight fiat stablecoins.
Salary Finance completes $32.8m funding for US push
Sofi co-founder will lead the US branch of the firm.
A five-year crypto plan: here’s what we can expect
Fintechs must stop squabbling with the regulators for real progress to be made.
SESAMm targets US market after EUR 4.4m funding round
Expansion to Japan and London is the next objective.
TradeIt to be acquired by TradingView
The company will leverage TradeIt’s technology to bring mobile trading.
Broadway Technology acquires Barracuda FX for wealthtech push
Broadway will retain the full Barracuda FX team, operating as an independent company.
Ellevest raises $33m from high profile female investors
Investors include Melinda Gates’ Pivotal Ventures.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
Wealth managers can adapt to digital assets and thrive
There are 2,000+ digital assets worth over $200bn, and a wide variety of digital investments on offer.
Envestnet | Yodlee to acquire PIEtech for $500m
This would be the tenth acquisition for the Chicago-based company.
Sweden’s SEB chooses DTCC’s Global Trade Depository to meet SFTR obligations
DTCC has added data transformation services to its SFTR offering.
Capital Markets Gateway gets its way with $7.5m funding
Creating a path for capital markets professionals with a round led by StageDotO.
CC&L chooses SimCorp to deliver integrated client communications
One of Canada’s largest firms in the sector, Connor, Clark and Lunn Financial Group manages over $55 billion in assets.
TickSmith powers CanDeal’s DataVault Innovations
The company will use the Data Pooling Platform to launch its Data-as-a-Service (DaaS) offering.
Stash piles on rewards with stock-back launch
New York-based financial services platform officially boots up.
Wealthtech Gluskin Sheff turns to Broadridge tech
New investment management tech will help manage portfolios and compliance.
A win-win despite the trade war: why small-time foreign investors and US markets need each other
While the trade war looks set to escalate, it seems there may be a silver lining for the US economy.
Allianz X boosts fund size to €1bn for insurtech action
Looking for digital firms in insurance and asset management space.
Case study: Citizens Bank – fintech friendly
The 13th largest bank in the US pivots for digital era.
Case study: 2ndQuadrant and tastyworks – boosting PostgreSQL database performance by 400%
Consultancy and support from 2ndQuadrant for online trading platform boosts PostgreSQL database performance by 400%.
Interview: Scott Cooper, CybiWealth – investing big for small pockets
Clever investment management, frustrations, and taking care of choices.
Analysis: openfunds − raise the standard
It’s surprising how haphazardly much of the data in investment funds is distributed.
Pagaya shows off its AI-powered $100m ABS
Asset-backed securities looking toned and honed.
Broadridge partially acquires PivotData and Sol Hedge regtech
Fintech provider is expanding its regulatory capabilities.
Fintech app Acorns receives $105m funding
Alongside a partnership to create educational content.
