German blockchain strategy fires warning shot at Facebook’s Libra project
Germany vows to fight any efforts to issue parallel currencies.
Europe
Insurtech Cover Genius forms ‘first of a kind’ partnership with ShipStation
The partnership will effect UK, Canadian and Australian merchant customers.
Cybersecurity firm Acronis becomes unicorn with $147m investment
The funding round was led by Goldman Sachs.
Mastercard’s Vocalink release payments report: Look beyond London
87% of over 75’s still don’t use banking apps.
Caisse des Dépôts chooses Murex for its asset management
Murex’s MX.3 platform pulls every part of business into one.
EBA Clearing launches request to pay solution for Europe
It’s “the missing piece of the puzzle” for financial companies.
Why BNY Mellon thinks fintechs are friends not foes
BNY’s head of digital explains how the company partners and invests in fintechs.
ING reveals crypto report: The utility phase
Until crypto is useful, mass adoption will not follow.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Making banking human again
It might sound like a contradiction, but technology needs to make banking human again.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
Grupo Caja Rural implements Strands’ technology
Strands’ tools will incorporate an AI engine, the exclusive engager component.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
We don’t forgive easily
If we feel betrayed, we rarely go back or give you a second chance.
Stay up-to-date with Sibos from anywhere in the world
The countdown to Sibos is on and FinTech Futures will be there bringing you the Daily News at Sibos.
Ping An Global Voyager Fund and Raisin invest in Joonko
The seed round raised €10 million.
The final extension for the 20th Banking Technology Awards
There’s one more chance to submit your entries!
TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
Italian fintech Young Platform raises €787,000 from 751 investors
‘Crypto made easy’ platform attracts Italian and British investors.
Confirmations bring peace of mind to cross-border payments
Swift is working on a new universal confirmations initiative.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
Grupo Crédito Agrícola launches new banking app “moey!” with Meniga
The app will give Crédito Agrícola customers budget advice.
Northmill receives banking licence from Swedish Authority
The neobank says it’s had a “constructive dialogue” with the SFSA
New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
Tech vs. humans: Can fintech have it all?
Is interacting with a person over an algorithm a hindrance, or a help?
Valiant, Contovista and Swisscom launch a multi-banking solution for SMEs
SMEs can manage their liquidity across all connected accounts.
DN Intersect 2019: US Banks are “already beaten” if they ignore APIs
“It’s time the US starts paying attention to open banking.”
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
Tax app untied receives authorisation from FCA
It can take full advantage of open banking.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
Bankmed (Suisse) SA chooses MIT’s trade finance platform
“Releasing 5G is another important milestone for MIT.”
Mastercard and R3 deliver blockchain cross-border payments solution
The partnership will focus on connecting global faster payments infrastructures.
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Honcho lands spot on Tech Nation fintech accelerator
The firm launched into the car insurance market this month.
New exchange fintech Currensea goes live in the UK
The card allows users to save on foreign spending.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
