Snapchat’s payment service shutting as complications arise
The millennial app has derailed into an erotic picture sale app.
USA
Gusto and Xero partner for payroll playtime
To enable Xero to provide full-service payroll in all 50 US states.
Socure unveils digital identity bot Aida
Named after the world’s first computer scientist, Ada Lovelace.
KeyCorp and Ingo Money push digital payments platform
Transforming paper cheques and deposits into digital funds.
US personal finance app Even gets $40m funding
Second round of financing led by Khosla Ventures.
State Street to buy Charles River Systems for $2.6bn
Will acquire US investment management front office solutions provider.
Blockchain network Nervos nervelessly nets $28m funding
Backed by investors Polychain Capital and Sequoia China.
CFPB launches fintech sandbox in US
Consumer Financial Protection Bureau wants to remove red tape.
P2Binvestor allies with Amalgamated Bank for SME funding
New partnership. More deals. Bigger financing opportunities for small businesses.
EY buys into blockchain for an Elevated Consciousness
Buys US start-up’s crypto-asset accounting and tax functions.
Banco BNI Europa invests $30m in US consumer loans
Teams with Fintex and Upgrade for lending action.
Have a savings Blast with new gaming app
Another gaming company taking a piece of the fintech pie.
FundAmerica acquired by Prime Trust
Blockchain-driven trust firm buys crowdfunding regtech company.
Mastercard files patent for blockchain-based transactions
Looking at consumer protection, but its interest in patents is nothing new.
IBM adds strength to Stronghold’s crypto token launch
Stronghold calls it “first and only” venture-backed USD anchor on Stellar Network.
TD Ameritrade unveils $100k RIA innovation quest
Wants smart ideas for registered investment advisors.
Equifax acquires alternative data provider DataX
DataX brand and employees integrated into Equifax’s Banking and Lending Division.
IBM honing blockchain development and skills at Columbia University
When academia meets business.
VyStar Credit Union upgrades FIS Miser core system
Florida-based credit union has been FIS client for more than ten years.
ACH Alert in record growth spurt
Tennessee-based payments fraud prevention doubles its staff in response to record growth.
US regulator lures crypto fools with fake ICO site
HoweyCoins might look real, but it isn’t.
Analytics firm MapD launches latest platform version
San Francisco-based analytics and visualisation company stays fresh and juicy.
US start-up Dough rises to student debt crisis challenge
Lendtech strives to help students understand what they owe.
CO-OP Financial Services brings digital power to LA credit union
Becomes fintech energy provider to Water and Power Community Credit Union.
Accuity safely acquires Safe Banking Systems
With SBS it gets KYC and AML solutions.
Baker Hill inks lendtech deal with West Texas State Bank
Baker Hill’s tech will be used for commercial and consumer lending processes.
Citizens Financial launches digital bank
Divine banking providence – aka Citizens Access – comes to Rhode Island.
Data manager Hazelcast gets new cast of customers
New faces include Lloyds, UBS, and National Australia Bank.
Next Insurance next firm to receive $83m funding
As a national insurance carrier, the firm has big plans in the US.
Citizens Alliance Bank allies with Computer Services for core and digital revamp
Core system NuPoint will integrate with digital features.
Index Ventures unleashes $1.7bn fund
London-based company looking for action in US and Europe.
IBM docks with Banca Carige for $500m American JV
Looking to help Italian bank with AI, big data, analytics and cognitive tools.
BeSmartee and LoanFuel make mortgages mobile
LoanFuel will integrate BeSmartee’s technology into its mobile app.
Square no longer angling for US bank charter
Plans to apply later to the Federal Deposit Insurance Corp.
Macro analytics firm Quant Insight feeling bright with funding
It has also expanded further into the US and Asia.
Planck Re yanks in $12m for insurance plans
Israeli insurtech offers AI-powered commercial underwriting services.
Synchrony to buy PayPal’s consumer credit receivables
This frees up liquidity for PayPal. Hmmm?
Risk info provider TransUnion gets outstanding Iovation
Finalises its purchase of device intelligence company.
Automation Anywhere scores $250m to globalise bot workforce
Its software robots can take over manual tasks such as insurance claims processing.
Startupbootcamp’s InsurTech Accelerator opens doors to applicants
Selected start-ups will relocate to Hartford, Connecticut.
