Simudyne closes $6m funding with Barclays’ aid
This brings the total capital raised to $10m.
Europe
LendInvest to enter home loan market with up to £200m HSBC funding
Company’s ambition is to become a whole-of-the-market mortgage provider.
Partnership between Starling and FreeAgent takes flight
Aims to cut time spent on small business admin tasks.
Hellenic Bank modernises payments with Fiserv
The Dovetail Payments Platform will help with customer personalisation.
PASPX in tech overhaul with Temenos
PASPX was founded in 2008 and holds an e-money licence.
SocGen to offer payment services throughout Europe with Elavon
This includes United Kingdom, Austria, Belgium, Germany, Italy, Netherlands, Spain and Switzerland.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Onfido raises $50m for fraud battle boost
It brings the firm’s capital to more than $100 million.
Chetwood launches new savings account SmartSave
It says it keeps the costs low through technology and by being outside London.
Truevo targets fintech market with help from Temenos
Temenos will power digital end-to-end payments.
AIB picks Boxever to personalise customer experience
Three-year contract is part of AIB’s digital transformation project
Three Finnish banks to move to shared core and payments tech from Temenos
Temenos’ regional partner Cognizant will implement and manage the new platform.
CMA clamps down on open banking implementation
Five of the nine banks are delaying implementing mobile functionalities.
Tinkoff builds most powerful supercomputer in financial sector
Offers much faster solution to machine learning and AI-related tasks.
Nationwide and Jaywing explore “explainable” AI driven application scoring
The building society was impressed by Jaywing’s transparent model.
Fidor CEO leaves as BPCE sells bank
Matthias Kröener founded Fidor ten years ago.
Ampega Asset Management amps it up with Murex
The wealthtech will implement MX.3 for fixed income, equity, funds, FX.
Finleap acquires German challenger bank Penta
Penta will collaborate with Beesy to serve Italian freelance market.
Video: fintech news weekly round-up – 1 April 2019
Apple’s new credit card, New York goes fintech, and more!
TransferWise to float stake for fundraising
It is rumoured that it is being organised by investment bank Goldman Sachs.
Millennial insurtech Kinsu shuts down
The app provided insurance for laptops, bikes and other home contents.
NatWest trials new personal finance app Mimo
NatWest trials new personal finance app Mimo
ABN AMRO and Infosys partner for digital mortgage tech push
This includes Infosys’ acquisition of mortgage provider Stater.
Kyriba plans $160m growth round led by Bridgepoint
$60 million earmarked for innovation investment.
Klarna’s new platform connects fintechs and 4,300 banks
Single API is the gateway to 14 European markets.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
RCI Bank gains full UK banking licence
RCI Bank, a new savings bank based in the UK’s county of Hertfordshire, has obtained a full banking licence.
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
Nutmeg prepares crowdfunding and international launch
The crowdfunding on Crowdcube will come in summer.
YellowDog fetches £2.5m extra in Series A
This news follows the £1.7 million raised in March of last year.
Russia’s first new bank in four years is for internet firms
Approach will combine the payment gateway and payout model.
Succeeding with Advanced Analytics and delivering next level customer experience
Data visualisation, data analytics, and other necessary requirements for modern banking.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
UK’s Payments System Regulator presents 2019/20 annual plan
The UK regulator smoothens out open banking and fraud.
Network International’s LSE float attracts £300m Mastercard investment
Partnership aims to penetrate MEA region.
SDS further expanding compliance solutions business in Benelux
Jump-starting SDS’s compliance solutions business in Benelux with a new deal.
SamePage gains first go-live at Green Deal Finance Company
The loan origination system aims to take the lending platform fully digital.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
VC financing enables MeaWallet management buyout
Thanks to a “substantial capital injection” from Idekapital
