Deutsche Börse cuts 350 jobs to invest €270m in fintech
Interested in blockchain, big data, cloud computing, robotics and AI.
Europe
Fintech hub H:32 launches in Berlin
Innovation is addressed at Hardenbergstrasse 32.
UK challenger banks: who’s who (and what’s their tech)
A comprehensive list of the known UK bank challengers to date and the technology they are using.
UK Unite trade union fights RBS branch closures
It’s all kicked off.
Nordea and Invesdor fuel financing for Finnish firms
Offering alternative financing solutions for growth companies.
Personal finance app Fintify readies for UK-India launch
Targeting the non-resident Indian (NRI) market.
Former MD of Metro Bank preps new SME challenger
New UK-based bank to be called Recognise.
Germany’s largest private and commercial bank launches
Merger of Postbank and Deutsche Bank’s private and commercial clients business has concluded.
Digital money transfer service Azimo raises $20m in funding
Round led by Rakuten Capital.
Allianz leads £40m funding round in Moneyfarm
Takes UK digital wealth manager’s capital to £60m.
Tandem reaches 100,000 clients, signs for Form3 paytech
Wants to match Lloyds Bank in terms of customer numbers in ten years time.
Silicon Valley Bank comes to Germany
The new branch will be based in Frankfurt.
Temenos Community Forum 2018: digital to the core
A round-up of TCF 2018 – all the best bits (and pictures).
ING launches developer portal
Dutch bank wants to work more closely with external developers.
SIA is partial to First Data’s European card processing for €375m
Will acquire businesses in parts of Central and Southeastern Europe.
Deutsche Bank Luxembourg turns to Avaloq for core banking tech revamp
Avaloq Banking Suite creates a single cash ledger for Deutsche Bank in Luxembourg.
Fighting a (losing) battle against fraud
It appears financial institutions and businesses in the US are fighting a losing battle.
ABN Amro hit by DDoS attack
Dutch bank’s services either not available or very slow.
Clever UK mobile banking app Bofin preps for launch
A chartered engineer unleashes his new fintech creation.
Crédit Mutuel turns to IBM for major digital revamp
All in for IBM’s AI, cloud and cybersecurity.
Payments firm Adyen plans €9bn IPO
Dutch company enjoys healthy revenue and processing volumes.
Tinkoff Bank to launch new development hub in Sochi
Russian bank working with the Talent and Success Foundation.
Commerzbank makes first major FX pilot transaction via blockchain
First deal involving a large German corporate.
Bank of England’s digital currency pushes ahead
The central bank digital currency (CBDC) begins to take shape.
Addiko Bank puts digital banking solutions on Appian
Austrian bank finds the way to low code developer’s platform.
IBM steps up AI and blockchain ambitions in France
Adding 1,800 jobs and new tech training.
KBC in instant payments project with Temenos
Fresh from Temenos Community Forum 2018 in Dublin, Ireland.
Italian cryptocurrency exchange BitGrail’s quest halted
You’re under arrest sugar!
CFTE and Finance Innovation go upskill in France
Education with élan.
Market EarlyBird unveils mobile app
To tweet, to woo.
Samsung opens AI centres in UK, Canada and Russia
To explore the potential of user-centric AI and IoT action.
Regtech warrior BearingPoint storms Citadele Bank Lithuania
Walls come tumbling down as BearingPoint makes its Lithuanian debut.
CaixaBank Asset Management selects SimCorp Dimension
To automate investment management processes and workflows.
Transactive Systems gets FCA e-money licence
Its sponsor for the Faster Payment Service is ClearBank.
eToro in bullish mood with US cryptocurrency exchange launch
The firm will offer ten different cryptocurrencies.
Barclays escapes fraud charges over Qatar capital raising
But UK’s Serious Fraud Office is “likely to seek to re-instate these charges”.
Image is everything with ABN Amro’s new webcam advisory service
Dutch bank unveils Beeldbankieren.
Castlight Financial brightens HSBC UK’s first open banking loan
Bank uses Categorisation-as-a-Service to process live loan.
Nordea’s robo-adviser Nora picks up the pace
You can’t ignore Nora and AI’s advance.
Fintech funding round-up: 18 May 2018
Stars LendingPoint, Open and The Disruption House.
