Video: Top fintech stories this week – 04 October 2019
FinTech Future’s weekly news round-up.
North America
Samsung gears up digital wallet with debit card and cross-border payments
‘Samsung Pay Cash’ and ‘Money Transfer’ are just the beginning.
nCino announces $80m funding round led by T. Rowe Price
The cloud developer has raised $213m since 2012
FDIC’s McWilliams: Core banking vendors must evolve
Top regulator says that collaboration is the future for all in the industry
Finra slaps UBS with $2m fine for short position failures
Self-regulatory body calls out the bank’s repeated failures.
Banking Technology October 2019 issue out now
Lessons from Africa.
Seattle Bank chooses Finastra for its core banking
Finastra will also help with analytics, digital banking and card payments.
Revolut’s losses double to £33m as it gears up to hire staff, expand reach
The fintech’s losses have gone from £14.8m to £32.8m in one year.
International regulators investigating tech firms’ cloud dominance
Financial Stability Board casts a wary glance at cloud giants
Finastra launches apps built with FIs on FusionFabric cloud platform
Allied Payment Network and Monotto launch on Finastra marketplace.
Millennials more likely to report fraud than older generations, finds FTC
People aged 20-30 happier to report scams than those over 40.
Fintech Dave hits $1bn valuation after two years
Dave has four million users on its financial management app.
Funding the revolution: the dawn of digital banking
Traditional banking giants are feeling the squeeze.
Rapyd secures $100m in funding to bolster “fintech-as-a-service”
Oak HC/FT, Tiger Global, Stripe and more get involved in funding round.
Atloona Bank partners with CSI in the face of cybersecurity risks and tighter regulations
CSI will become the bank’s new managed services provider.
DUCA Financial Services Credit Union picks Fiserv DNA as new core system
Celero will be providing implementation support.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
Will Smith and Kevin Durant part of $20m investment in Mercury
The bank launched in April this year.
What you need to know before implementing artificial intelligence & machine learning
ML solutions should be trained in the three Cs of data visualisation: Correctness, context and category.
SEC introduces new rule to boost ETF competition
US regulator hopes to break open a market dominated by large players.
Revolut reveals new agreement with Visa, set to hire 3,500
Revolut is eyeing up several new markets in 2019 and 2020
Bank of China and IBM team up to launch series of innovation labs
Big Blue helps set up first lab Singapore, with seven more to come.
Summer raises $10m to “democratise” student loan advice
The fintech is gearing up to support 120 loan forgiveness programs.
ISLA tells lenders how to avoid “unsustainable levels” of cost and risk
By standardising and automating, the industry will become “future-proof”.
Sibos 2019: Jane Loginova, COO at BPC
She spoke about their Smart Cities project and more!
TransferWise delivers cheaper international payment service to US
The service gives customers access to the real exchange rate.
Sibos 2019 Roundup
Get in touch for 2020 Sibos opportunities with us now!
US regulators targeted with bipartisan Financial Transparency Act
House wants US regulators to improve their data collection and transparency.
Sibos 2019: Christine Parker and Steve Morgan at Pega
See what they have to say about open banking and more!
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Start-up to democritise Mexican banking raises largest funding round in country’s history
The investment is $7.5 million in equity and $50 million in debt.
Sibos 2019 video: Mishal Ruparel, general manager at Banking Circle
He speaks about his top trends and challenges highlighted at Sibos and throughout the year.
Sibos 2019 video: Simon Wilson, director of payment solutions at Icon Solutions
Here, he speaks about the firm’s new collaborative payments platform.
Daily News at Sibos 2019: Day Four
Download your copy of the day four edition today!
FinovateFall 2019: Best of Show winners unveiled
After two days of live fintech demos from 75 companies, the best of the best have been announced!
Sibos 2019: IBM’s initiative for social good
AI to combat social issues is “not philanthropy”, but rather an initiative.
Sibos 2019: “Blockchain is not a magic wand,” says Euroclear
The panel agrees blockchain is not a ‘one size fits all’ solution.
Digital software that makes banking cool
Digital software might be giving banks some extra verve.
Daily News at Sibos 2019: Day Three
Download your copy of the day three edition today!
Ask the expert: your questions on growing the business answered
US fintechs, do you have what it takes to succeed in your target European market?
