WorldRemit drives growth with $175m funding
Diversification and a new SME product are on the cards.
Europe
Mastercard unveils new Open Banking Solutions
Several partners in the UK and Poland intend to activate the suite.
Money20/20 Europe 2019 – Day 2, a fragmented consumer-centric world
Everybody wants customer data, but that’s not always customer-centric.
BBVA selects NetApp as a strategic partner
BBVA will make NetApp a priority technological partner to become a more flexible and scalable digital bank.
Raincode Labs scores record Pacbase migration for Bankia
The project aims to move 120,000 programmes in a year.
Hinckley & Rugby Building Society live with iFinancial AML solution
AMLtrac has been integrated into Hinckley & Rugby’s Summit back office system.
eBay launches cash flow loans with Asto
The app will provide eBay small business customers with a simple cash flow loan when they need it.
Money20/20 Europe 2019 – Day 1, innovation station
The quicker we are to innovate and implement new features and tech, the better.
Eurobank plans front-to-back transformation with Temenos
Temenos’ T24 Transact and Infinity products to be rolled out in Cyprus, Luxembourg, Bulgaria and Serbia.
Firms collaborate on new platform ‒ b.yond
Businesses can test propositions with a limited number of cards and wallet accounts
Regtech Konsentus closes multi-million-pound pre-Series A round
The financing round was led by Mastercard.
Revolut, Chip and Marcus by GS integrate with Money Dashboard
UK fintechs collaborate to help consumers spend smarter and reach saving goals.
InsurTech firm REG closes £2.4m funding round
The additional capital will support the company’s growth trajectory.
Is your workforce Brexit-proof?
What fintech companies need to do to secure the long-term right to stay in the UK for their EEA nationals employees.
Raphaels fined £1.9m by FCA and PRA for outsourcing mismanagement
The bank didn’t properly manage the outsourcing of payment services.
First Marco Polo trade finance pilot between Asia and Europe
Bangkok Bank and Commerzbank test DLT-based trade finance solution.
Plaid launched in the UK
Following the acquisition of Quovo in a $200m deal.
Case study: the data that turned around banking giant Lloyds
How setting the right business KPIs can be the first step to turning around your business.
Accounting automation tool raises $7.35m
Catering all expenses and bookkeeping needs, in “virtually all industries”.
Yapily welcomes $5.4m for API platform
The London fintech has seen its niche in open banking.
Founders Bank anticipates EU licence in Q4
Malta and London-based start-up is backed by crypto exchange Binance and venture capitalists.
Amadeus Future of Payments – payments integration in the travel industry
Round-up of the first Amadeus customer event in Madrid.
Swedbank partners with Kaching Retail to develop mobile payments
The bank has also become a key investor.
SeedLegals raises $4m to help start-ups save money
The platform automates the fundraising process.
Open Payments targets Nordic and European markets with €1.2m seed round
Offers access to European banks via one API.
Regtech ClauseMatch closes $2.5m venture debt funding with SVB
The money will fund further expansion into Europe and Asia.
Nasdaq concedes to Euronext in battle for Oslo Bors
Withdrawal comes after Euronext wins Ministry of Finance approval.
Teen banking fintech Pixpay raises €3.1m launch funding
The Paris-based start-up was founded four months ago.
Video: fintech news weekly round-up – 28 May 2019
News on Facebook, Monzo, Transferwise, and more!
Luminor picks Eurobase to consolidate markets and treasury operations
The Siena solution will to help provide a unified and modern digital service.
Trustly and Collector Bank team for instant payments to Nordic merchants
The partnership seeks to take advantage of the popularity of online bank payments in the region.
Modulr completes scale-up investment round of £14m
Taking the total amount raised by Modulr to £24 million.
Investors lost over £27m to crypto and forex scams last year
The FCA and Action Fraud aim to raise awareness of investment fraudsters.
Half of SMEs are getting paid after 72 days
More than one-third of start-ups and SMEs are suffering with cash flow issues, with a total of £26bn owed to them.
Capgemini powers Skandiabanken’s new mortgage platform
The new tech uses the Pega Platform, the digital process automation (DPA) platform from Pegasystems
Evarvest prepares new type of stock trading app
Inspired by social media apps, for ease of use.
HSBC chooses Globality’s AI self-serve procurement platform
Solution avoids limitations of analogue legacy systems.
TransferWise doubles its valuation to $3.5bn
International payments firm raised $292 million in secondary funding.
Instalment payment option added to lastminute.com via Divido
This provides instant access to credit by connecting shoppers to multiple lenders at the moment of purchase.
Cryptomathic acquires Aconite Tech for EMV infrastructure prowess
The two firms say they have complementary and similar products.
