UK fintech in record VC investment
VC investment in the nation’s fintech firms was up 153% at $1.8 billion in 2017.
Europe
Veridium to power biometrics for Nordea
Bank will use VeridiumID to replace tokens with biometric authentication for access to data.
Lloyds Bank cutting 930 jobs
Within its commercial banking, community banking, insurance, and wealth and risk management.
Banca IMI consolidates trading business on Murex MX.3 platform
The investment bank has consolidated all front office trading activities on a single platform – MX.3 from Murex.
Starling a great Flux for digitised loyalty rewards
Integration marks the second stage in their partnership.
Fintech funding round-up: 5 February 2018
First one of February features Ohpen, Penta and Behalf.
UK government pushing for cybersecurity clarity
Plans to simplify incident responses and a reduction in fines.
TIA Technology acquires Danish insurtech start-up goBundl
TIA’s core insurance platform will be combined with goBundl’s self-service digital frontend.
Santander and Ripple to launch blockchain-based consumer payments
Santander will launch DLT-based international payments for retail customers in Spain, Brazil, Poland and the UK.
UK Finance brings simpler banking to SMEs
18 business bank account providers agree to same basic set of information.
Alipay crosses Finnish line for cashless payments
Group of Chinese travellers conclude first ever cashless journey to Finland.
Spanish fintech Finect raises capital as BME takes minority stake
Bolsas y Mercados Españoles (BME) bought a 9.7% stake in Spanish fintech Finect for under €1 million.
CollectAI partners with Pay360 for UK launch
Accounts receivable and debt collection management company collectAI has made inroads into the UK.
Case study: Sberbank – tech them on
Sberbank now benchmarks its performance against technology companies not other banks.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
AHML and Tinkoff Bank to unleash digital mortgages in Russia
Agency for Housing Mortgage Lending buddies up with bank for joint venture.
Buddybank finally opens for business
Smartphone-only bank was slated to open its doors in early 2017.
Scottish billionaire mulls new bank for SMEs
Jim McColl, one of Scotland’s richest men, prepares to enter the UK banking arena.
Bitbond and 1741 Fund Management launch alternative investment fund
Institutional investors will have access to SME loans originated through Bitbond’s lending platform.
Blockchain tech firm Stratumn opens public beta for IndigoTrace
Blockchain tech start-up Stratumn has launched the beta of its new plug-and-play software.
UK SME lender Ezbob raises $21m from Russian PE firm
Investment from Moscow-based firm Da Vinci Capital Management.
Twenty First Capital picks Profile’s Axia for asset management ops
For automating operations in France, the UK and Luxembourg.
Interview: Udo Kock, deputy mayor, Amsterdam
What makes Amsterdam a “global village”?
Banking Technology February 2018 issue out now
Vision dreams of passion. And all the while I think of fintech.
TSB to invest £100m into UK’s SME sector
An initial tranche of £30 million will be invested via TSB’s new investment vehicle, BlueWaves.
Challenger bank Fiinu to put people before profit
Digital bank Fiinu plans to launch in early 2019.
Happy tenth anniversary to SEPA payment scheme!
Ten facts and figures celebrating SEPA’s achievements.
BPCE signs for Meniga’s digital banking tech
Meniga’s tech will be implemented at BPCE’s Banques Populaires and Caisses d’Epargne in France.
Coconut launches business current account for self-employed
Coconut “cracks open” its app-based business account for freelancers and self-employed people.
Tesobe powers Santander’s first hackathon
Springs into action via Open Bank Project’s sandbox technology and expertise.
BNI Europa makes €50m Funding Circle in Germany
BNI Europa reckons investment will provide access to finance for around 600 companies.
Nationwide’s internet banking takes the night off
Night and day. Day and night. Whatever the time, you can’t be sure of UK banking.
Finastra acquires Olfa Soft for treasury revelry
Gets its hands on an eFX trading solution which covers post-trade and payments.
Figo releases RegShield for PSD2 field
German banking service provider launches its new “Licence-as-a-Service” solution.
BehavioSec boosted by $17.5m funding
Behavioural biometrics company now has total funding of almost $26 million.
Linxo links up with Raisin to save Europe
A Franco-German alliance targets the European savings sector.
Fintech funding round-up: 29 January 2018
Features Tender Armor, OpenDoor, Duco and Sancus Finance.
ABN Amro, ING and Rabobank hit by cyberattacks
All suffered a series of DDoS attacks last weekend.
ING makes 75% incision in Payvision
Looks for growth and to broaden its payment product portfolio.
Infographic: the future of identity
Nifty infographic based on the IBM Security Future of Identity Study.
