Central 1 and Backbase unveil new digital banking platform Forge
Alterna Bank and FirstOntario Credit Union are the first takers of Forge.
North America
Bogota Savings Bank in tech modernisation with Fiserv
Bogota Savings Bank will implement Fiserv’s DNA core banking system.
Swych powers WeChat’s Travelex Pay for US shopping
Swych’s blockchain-based gift card technology will power Travelex Pay, offered by Travelex and WeChat.
UBS Wealth Management USA in wealthtech revamp with Broadridge
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
Top fintech stories this week – 26 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PNC Bank teams with OnDeck to streamline SME financing
Offering digital business lines of credit up to $100,000 within one to three business days.
Playing nice: why credit scoring and blockchain could be keys to a working US sandbox
The key is to find areas of common ground and construct the sandbox – and its mission – around those topics.
Umpqua Bank sells fintech unit to banking tech firm Kony
Kony bucks status quo by acquiring tech from Umpqua Bank.
Purchasing Power takes over DoubleNet Pay
Financial wellness platform DoubleNet Pay has agreed to be acquired by Purchasing Power.
Finn.ai raises $11m in Series A funding round
Canada-based developer of AI-powered virtual assistant tech lands $11m.
JP Morgan Chase teams with Plaid for open banking
Enabling account holders to safely share their financial data with third-party fintech applications.
NCR steps into payments with $184m JetPay acquisition
NCR and JetPay anticipate “a smooth transition” for customers, channel partners and employees.
Paytech firm Ondot lands strategic investment from Citi Ventures
New funds will help power international growth for mobile payment services specialist Ondot.
Socure and Alloy help Radius Bank halve online fraud
New account conversions grew by 30%, and manual review is a process of the past – reduced by 95%.
Lending Club, Wealthfront and Intuit team for consumer data
What do you get when you combine Intuit, Lending Club and Wealthfront?
Fidor brings its operating platform to US
Via a distribution agreement with tech development firm GFT Technologies.
CGI, National Bank of Canada and Skuchain in blockchain-based trade finance pilot
A pilot programme to improve and streamline the process for negotiating standby LCs and guarantees.
Bank of America upgrades its automated FX solution
The bank now does conversions on behalf of other banks with less resources.
Goldman Sachs and Ayco in huge financial coaching deal with Google
Ayco will provide financial coaching to Google’s US-based employees.
JP Morgan Chase muscles into Silicon Valley with new fintech campus
The new “fintech campus” in Silicon Valley will house 1,000+ employees of JP Morgan Chase.
US SMBs retail innovate to compete and grow sales – Pymnts and AEVI research
More than 400 retailers across nine different sectors were surveyed.
American Express and Ethoca partner for card dispute resolution
Ethoca Eliminator will enable Amex card holders to get more detailed transaction information in real time.
Top fintech stories this week – 19 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Teradata Analytics Universe 2018: AI winter is over
There’s talk of sunshine on the final day of the Vegas show.
Bank Independent launches AI-enabled voice banking
New tech makes Bank Independent “a trailblazer among community banks”.
BMO in paytech revamp with ACI Worldwide
The real-time payments project was completed in nine months.
USAA and StreetShares join forces for SME lending
A six-month pilot to bring small business financing to US military veterans.
Teradata Analytics Universe 2018: deep learning and card tricks
In Vegas some place their bets on DL delivery.
Banking tech vendor FIS invests in partner Zenmonics
This marks Zenmonics’s first round of funding.
Jack Henry acquires Bolts for digital account opening
US-based Bolts Technologies offers boltsOPEN, a digital account opening solution.
OnDeck launches Platform-as-a-Service subsidiary, ODX
Helping banks digitise their SME lending efforts with software, analytic insights and professional services.
Teradata Analytics Universe 2018: the hunt for fintech
US firm reveals some of its ambitions at the Las Vegas show.
Demand Derivatives teams up with GMEX for new exchange and clearing house
GMEX also takes minority stake in Demand Derivatives.
Native American Bank in tech overhaul with Jack Henry’s Silverlake
Jack Henry’s Silverlake core banking system will be delivered on a hosted basis.
Total Expert bags $20m funding for personalised marketing
Series B funding round brings Total Expert’s total funding to $34 million.
Roostify and Ellie Mae team up for lendtech efficiency
A bi-directional integration between Roostify and Ellie Mae is a boon for US lenders.
Teradata Analytics Universe 2018: rise above the data chaos
Welcome to AI and data analytics show time in Vegas.
US paytech CardFlight launches SwipeSimple Customers for card data management
Merchants can build customer databases and manage card data with CardFlight’s SwipeSimple Customers.
Walmart and PayPal join forces for cash transactions
First time for PayPal to transact in cash, but each cash transaction is priced at a flat, $3 service fee.
Financial wellness platform PayActiv raises $20m funding
The Series B financing round was led by Generation Partners.
