FIS integrates IBM to help clients counter fraud
IBM Safer Payments has been installed in FIS’s P2P solutions
North America
MLRO’s in the regulatory “cross-hairs”
The role of AML compliance officer/MLRO has never been more challenging.
Microgen Financial Services and Touchstone Wealth Management merge
The firms hope to create a leader in the trust and corporate services sector.
EQ Bank completes cloud-based Temenos core banking project
Bank finalises migration to the Microsoft Azure cloud.
How paytech helps the gaming world tap the under-banked populations
Paysafecard and G2 Esports reveal how paytech taps underbanked gamers.
Capital market disruptor Capitolis raises $40m in Series B
Investors see the fintech in a position “to transform a whole industry”.
Video: Top fintech stories this week – 22 November 2019
FinTech Future’s weekly news round-up.
Caixabank inks deal with Salesforce to bring CRM to digital banking
The companies signed the agreement at Salesforce’s Dreamforce event.
How blockchain transforms banking and financial services
Who’s adopting this tech and what’s in store for it down the line?
PayPal sweetens e-shopping processing with Honey deal
The acquisition is PayPal’s largest to date.
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
Money20/20 USA: How Tangerine champions personalised digital banking with Meniga’s tech
From proof-of-concept to market launch, results, and lessons learnt.
Small business lender BlueVine banks $102.5m in Series F funding
The fintech now has $692 million in total funding.
HSBC’s US businesses can send real-time payments, bank launches global CX programme
The payments leverage the RTP network developed by The Clearing House (TCH).
US government plans strict enforcement of AML ‘travel rule’ for crypto firms
The rule requires crypto firms to share information about their customers.
Canada’s online brokerage Questrade plans banking licence
A trademark application was also filed back in October for Quest Bank.
Machine learning vs human experience in invoice finance
Be wary of a lender with no human face as there’s always the odd unforeseen complication.
Business payments platform Bill.com set to raise $100m in IPO
Underwriters listed include Goldman Sachs, BofA Securities and William Blair.
JP Morgan and Baton Systems develop real-time clearing system
New platform to address challenge of tying excess funds across clearing workflows.
FTC puts Visa and Mastercard under debit routing microscope
Major card schemes under investigation for blocking other network payments.
Why banks can profit from “smart” POS
There is a shift from traditional payment services provided by banks and others.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
CSI reveals 11 US core banking deals signed since February
The core banking vendor is aiming to beat the 23 it signed in 2018.
Clearing the liquidity fog in 300 milliseconds
FinTech Futures speaks to CEO and founder of RTGS.global, Nick Ogden.
How is AI augmenting compliance practices?
SAS are seeing early AI entries in the Regtech space.
Google sets its eyes on banking next year
The tech giant allegedly doesn’t intend to sell customers’ data.
Canada’s Stradigi AI closes $40.3m in Series A funding round
The AI firm wants to expand further into the North American market.
Facebook Pay launches for US users on Messenger and Facebook
The social media giant says it’s a separate venture to the Libra project.
BFS Capital swings in new ex-axe throwing exec
The new COO comes from an international axe throwing event company.
What does AI mean for the banking industry?
It’s beginning to look like the impact of AI on banking will be much more subtle.
ATB Financial acquires Grow Technologies
Grow’s founder will join the ATB team.
Phil Heasley retires from ACI Worldwide
The board has been conducting a thorough search for his successor.
Apple Card issuer investigated after claims of sexist credit checks
Goldman Sachs faces official inquiry in NY over alleged Apple Card sexism.
Digits Financial raises $10.5m in Series A
Digits remains in stealth mode for now and remains at an invite only stage.
Apple Bank picks FIS for core banking change
FIS IBS to be deployed on a hosted basis at the New York bank.
Putting female STEM into financial systems: the role of gender diversity in fintech
Fintech founders must address the gender balance early.
Money20/20 USA: Seven key takeaways and how to prepare your business
Informa’s Rutger van Faassen shares his impressions and insights from Money20/20 USA.
Fintech Talents 2019: Bank leaders still struggling with digital transformation
Responsibility is on both sides to ensure bank execs understand the benefits, argues Locsin.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
