Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
Europe
Calypso and 2021.AI team up to leverage AI in finance
The partnership will optimise Calypso’s back-office processes.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
HMRC cracks down on crypto investors
The tax authority has requested customer data from UK exchanges.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Market welcomes FCA’s plan to phase-in SCA
Industry officials see this as the regulator’s last warning.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
Reshaping the banking experience
It’s time to stop looking at digital as the only key to client satisfaction.
Female founders become Accenture Lab’s new focus
This year Accenture wants to narrow the gender gap in fintech
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Scalable Capital attracts further €25m growth funding
Blackrock has increased its initial investment.
Monarch creates first recurring crypto payments system
The solution will enable the likes of Netflix and Hulu to accept crypto.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
NatWest launches voice tech for banking pilot
It’s testing exclusively with Google smart speakers for this pilot.
EBA Outsourcing Guidelines or Operational Resilience – which to prioritise?
Operational resilience (OpRes) is the new, grown up way of regulating the financial sector.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Verrency and Coinify announces new virtual currency partnership
Libra brought virtual currencies into mainstream.
ScaleFactor closes $60m Series C funding round
The platform has since raised $100m in 12 months.
Nets and Przelewy24 create a strategic alliance
Its now one of the largest online payment service providers in Poland.
Fintech partnerships: the real benefit of Open Banking for incumbent banks
A deep dive into where the real value lies in Open Banking for incumbents.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Tesla-fy your bank
Will banks ever truly reinvent banking?
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
Robinhood gets greenlight from FCA to launch trading app in UK
The 2013-founded Silicon Valley start-up offers a cheaper way to buy and sell US stocks and shares.
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
Piggy bank start-up ERNIT sells up
One source says the company is trying to see what the market appetite is for a solution like theirs.
Backbase is named a leader in the Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
Download the Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
FCA delays SCA payments rules after threat to sales
Companies will have until March 2021 to implement most of the technical requirements.
Deutsche Bank creates digital bank Fyrst
Currently the project is suspended by the former subsidiary Postbank.
Fraud fighting platform secures additional $2.5m funding
Eftsure will be expanding the product suite to cover international payment verification.
IIG Bank Malta live with Temenos T24 core and digital platform
It also took Temenos’ financial crime mitigation module.
Elevator Ventures invest in RegTech platform kompany.com
kompany combines AI, robotic process automation and blockchain technology.
Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
SmartStream partners with Finanz Informatik Solutions Plus
This will support reconciliation processes for financial institutions.
Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
Almost half a million Monzo customers affected by data breach
The data leak allowed staff engineers access to PINs stored in encrypted log files.
SVS Securities enters administration
The FCA has opened an investigation into the company.
