The case of TSB and the importance of safeguarding banking cyber infrastructure
The security of online banking infrastructure is of pivotal importance.
Europe
SIA and Colt join Swift as ESMIG connectivity providers
Single market access is scheduled from November 2021, with the ECB overseeing the tender process.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
Anti-fraud firm BlockClaim completes £500k seed funding
The UK-based firm uses AI and blockchain to detect fraud.
CGI makes £78.9m all-cash offer for SCISYS
The deal would expand CGI’s reach in European space and defence markets.
CallVU teams up with Banca Transilvania to boost mobile banking
It will give customers card control to block transactions or modify transaction limits.
Moneyfarm partners up with Allianz
The wealth manager will use this to drive expansion into Germany.
Retail banks ignore social media data at their peril
Social media is a valuable and largely untapped source of data for the banks.
Tinkoff launches Oleg, a financial and lifestyle AI
Tony Stark’s, Jarvis, may have some competition.
Swift calls for industry collaboration to improve FX efficiency
Greater automation and better use of standards would benefit the FX market.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
DNB extends investment in new 11:FS platform
The Norwegian financial services group will also implement 11:FS Foundry.
Augmentum Fintech to double in size as it seeks £150m fundraise
The capital would be used within the next 18 months.
Interview: Dan Makoski, Lloyds Banking Group – grand designs
“Design, like technology, is a strategic superpower that can be used to do incredibly bold things.”
Länsförsäkringar Bank completes TCS core banking implementation
The new solution is expected to enable flexibility in services and pricing.
StatPro acquires ECPI research and index
The group will also take on the employees of ECPI, ESG unit in Milan.
ABN AMRO invests in Israeli data analytics firm Thetaray
The financial details of the deal have not been disclosed.
Immedis secures €25m for payroll and tax tech
The Irish paytech will create over 200 new jobs in the next 18 months.
Alipay and six European mobile wallets collaborate on digital payments
Users can use QR code payments with their home apps in ten European countries.
UniCredit enhances invoicing service with FinDynamic partnership
The fintech offers ‘dynamic discounting’.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
FCA tackles overdraft rules on new consultation paper
It proposes more transparency for better customer experience.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
FinMechanics eyes European expansion with Amsterdam office
FinMechanics is seeking additional implementation partners and initial Europe-based sites.
CSSF warns UK fintechs about onsite visits
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
Tech Nation opens applications for fintech leadership programme
Designed for leaders of UK’s most promising scale-ups.
Delio to provide start-up funding platform for Fintech Alliance
Companies and investors will be able to connect directly.
Appital launches new trading fintech
Its platform will accelerate trades, strip out costs and provide transparency for buyers and sellers.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
SimCorp acquires AIM Software for €60m for data management boost
The Danish investech will include AIM’s solution to its portfolio.
Money20/20 Europe 2019 – Day 3, specialisation and invisible banking
We chat with Temenos about the problems plaguing modern-day banking.
Credit Agricole plans €15bn tech investment in four years
“100% of emerging technologies” will be tested for new services.
Getsafe raises €15m for AI-driven insurance
The German mobile insurtech is looking to double its team and expand in the UK.
Yoyo and Mastercard’s Pay by Bank team up
Bringing “an omnichannel payment and loyalty experience that is unrivalled in the market”.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Form3 partners with Pockit
The UK-based payments system is also opening new offices in Amsterdam.
Money20/20 Europe 2019 round-up
Innovation, concerns and cynicism.
Yolt signs partners and prepares for wider roll-out
Yolt is also partnering with Payvision and Funding Options, both of which also have ties to ING.
TrueLayer gains $35 million investment
Chinese tech giant, Tencent Holdings, led the latest round of funding.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
