Fintech M&A: Prioritising growth and resilience
There is still runway for further consolidation.
North America
Paystand raises $20m in Series B funding
The round includes new investment from DNX Ventures, Battery Ventures and more.
Standard Chartered signs Infor Nexus trade finance deal
Bank to offer Infor data matching service to clients.
British & European fintechs set sail for the US
A wave of British and European fintechs are seeking a foothold in the US finserv market.
US neobank North Loop partners with Aussie edtech Cohort Go
The neobank can extend its list of international payee countries to one 33 times the size.
Hong Kong’s virtual challenger Za Bank selects Fiserv for card payments
Fiserv’s VisionPlus will power Za Bank’s entire card payment lifecycle.
Goldman eyes financial cloud as new revenue stream
The bank promised investors in January that it would find new revenue streams.
US paytech Finix raises $35m to rival Stripe and Square
Finix will free up more revenue for businesses.
US challenger Bask Bank launches with AA miles saver scheme
Customers get one ‘AAdvantage’ (AA) mile for every dollar they save.
Top executives at SoftBank’s $100bn Vision Fund set to leave
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
Bankable and Visa extend partnership with US collaboration
Bankable also plans to open New York office.
GoSave to launch digital piggy banks in UK before Christmas
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
Citi suspends “one of its most senior” bond traders for canteen theft
Paras Shah was Citi’s head of high-yield bond trading for Europe, the Middle East and Africa.
Robotic process automation: A real boon for financial services organisations
It’s a great tool for automating repetitive back office processes & increases efficiency.
Video: Intellect Design Arena at MoneyLive London – an age of open infrastructure
Banesh Prabhu talks on FinTech Futures about open banking, legacy tech and CX.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
Nasdaq names HKEX’s Roland Chai as its new CRO
Chai was previously head of post-trade at HKEX.
Citi deploys Cobalt post-trade infrastructure
US investment bank installs tech to reduce duplication.
Goldman Sachs to offer SME loans on Amazon lending platform
The product could go live as soon as March this year.
SaaS fintech Rimilia raises $15m from SVB and other investors
The investment brings the fintech’s total funding raised to $40 million.
Cybercrime in financial services: Work together to win the war
We need is a smart, flexible way of working together anticipate and respond to threats.
A culture of innovation
Morgan Stanley is making waves with three wins at the Banking Tech Awards 2019.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
Scotiabank donates CAD 750k to University of Ottawa AI research
Canadian bank launches research fund to develop AI and ML.
Flywire CEO talks payments platforms, consolidation and fragmentation
Fragmented payments industry may thwart firms’ platform plans.
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 31 January 2020
FinTech Futures’ weekly news round-up.
IBM makes major changes to executive leadership
New CEO Arvind Krishna will take the helm.
JP Morgan plans to cut hundreds of jobs across consumer division
It will notify the impacted staff on 6 February.
US paytech BandPay set to help musicians get paid
Funds aren’t released until both musicians and producers deliver on a project.
How SalaryFits is connecting banks with the unbanked
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
The end of technology…
It’s time to drop the words “digital” and “tech”.
US neobank Rellevate picks Technisys for core tech
The challenger will offer payday advances by selling its service through employers.
Desjardins signs multi-year contract with AI fintech Exagens
The 25-person fintech will continue to power the bank’s ‘Assistant AccèsD’.
How FIS developed its “evergreen” core banking system
FinTech Futures speaks to Andrew Beatty of FIS about its new platform.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
API builder Teller raises $4m to challenge Plaid
Teller’s co-founder: “I fear for the future of Plaid’s product”
The future of trade finance
We speak to Mastercard, NatWest and Marco Polo senior executives about their partnership.
EXCLUSIVE: Woodforest National to Implement Finxact on Microsoft Azure
Furthermore, US-based Finxact has also made its first core banking system sale abroad – in Thailand.
