Why open banking is going to be so exciting for payments
The fundamental changes in the payment model will benefit both the payer and the payee.
Europe
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
Objectway unveils new chatbot for wealth management
AI offers a new service model for the financial sector.
DNB taps on the Nordic API Gateway for account aggregation
The app will allow customers to manage all accounts.
Natwest business customers at risk due to security software
The bug is now fixed.
HSBC to offer BlackRock’s Aladdin software to wealthy customers worldwide
BlackRock also announces acquisition of eFront
Streamdata.io acquired by Axway
The France-based start-up sold for an undisclosed amount.
Project BankNorth partners with nCino ahead of 2020 launch
The bank will use nCino’s Bank Operating System for customer experience.
Capdesk raises £1.5m to aid in employee share plans
As firms compensate staff with the own firm’s shares, liquidity is not as easy as it seems.
Russian lawmakers give green light to alternative Swift system
Russia has discussed joint use of the system with China, India, Iran and Turkey.
UBS bank fined £28m by FCA for misreporting transactions
This comes on the back of a series of penalties in the past few months.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
Sova Capital picks Iress for wealth management middle-office
Iress will also provide post-trade processing services.
SIA sets out three-year strategic plan for Europe expansion
2018’s net-profits were €79.5 million, down 0.7% from 2017.
Banking industry thwarted £1.66bn of fraud in 2018
But £1.2bn was stolen during the same period.
Six Spanish banks sign up for gpi cross-border payments
Adoption of gpi has seen a year-on-year increase of 270%.
New cash flow platform Avrium hits the UK market
Aiming to help SMEs mitigate cash flow risk.
Pay.UK eases access to payment schemes for PSPs
With the introduction of the second phase of a new access model.
eCurrency Mint ups security with nCipher nShield HSMs
To provided secure digital fiat currencies to central bank.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
Curve announces plans for global expansion
LinkedIn’s former talent hunter will head international recruitment.
Paidyou makes it easy to split house bills
The app is designed for landlords and/or tenants in a house share.
SimplyBiz Group agrees to acquire Defaqto
Defaqto’s management and strategic direction will be unaffected.
New voice-powered Finley AI offers financial and pension advice
The creator claims that Finley AI is a world-first innovation.
CreditLadder and Nationwide team up to help renters buy a home
They say it’s the first relationship of its kind in the UK.
NatWest partners with Tieto to launch virtual account platform for business
Companies will be able to digitally self-serve their clients’ accounts.
2gether expands its prepaid crypto card into Europe
Consumers will be able to spend crypto as easily as euros.
Crypto app Donut gets sweet $1.8m seed funding
Bringing “convenience, trust and accessibility” to managing and transacting in crypto assets.
Worldline terminals now accept Apple Pay and Google Pay in Germany
Only if the user’s bank’s app supports these payments.
Nets to support Sbanken’s open banking across Nordics and Europe
“Banking as we know it will change radically.”
AI platform Talent Ticker launches in the UK market
Unifying data across sectors to help firms make decisions more efficiently.
HPS PowerCARD 2019: working together to tackle fraud
Why aren’t the banks collaborating or working together to combat fraud, should the regulator get involved?
French firm PayTrip launches prepaid for relatives abroad
Inspired by a Moroccan engineer’s personal experience of making money transfers.
First Direct invites customers to co-create new products
The launch of fdesign follows the introduction of peer-to-peer payments system fdpay in January.
US tariff threat to the German car industry
The German car industry is now in the President Trump’s cross-hairs.
Spanish stock market operator BME tests blockchain for collateral pledge
BME and Renta 4 Banco have carried out their first digitisation.
UK insurtech gets corporate fit with legal toolkit
Tech Nation and UK Insurtech Board are looking to give firms an easier ride.
Cosmos Network brings order to “internet of blockchains”
Interchain Foundation offers decentralised network of interoperable blockchains.
FCA urges end to exit fees on investment platforms
UK’s Financial Conduct Authority calls for feedback and more competition.
Barclaycard brings Alipay payments to UK retailers
To cater to the many Chinese Alipay users.
