First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
USA
Robinhood gets greenlight from FCA to launch trading app in UK
The 2013-founded Silicon Valley start-up offers a cheaper way to buy and sell US stocks and shares.
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
Klarna bags $460m equity funding
It’s now the most valuable EU fintech with a valuation of $5.5 billion.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
Federal Reserve reveals real-time payment system plans
FedNow will be available to all US-based banks by 2024.
ASOS and Klarna bring flexible payments to the US
The US will pay in four scheduled bi-weekly instalments to reflect the US salary schedule.
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
Western Union and MoneyGram report losses
Western Union is chopping its workforce by 10%.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
The importance of specialised standard software for MAD/MAR compliance
Experience and insights from three years of practical use.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
First Data and Bank of America end paytech partnership
Fiserv’s First Data will provide services to its current client merchants until June 2023.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Gay is for life, not just for June
Fintech firms can and must do more.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
WhatsApp Pay coming to India later this year
It will need to comply with all of the regulations ahead of its launch.
Digital US equities investment product launches in India
DriveWealth has partnered with Vested Finance.
Wematch unveils Euro IRS platform with 10 banks onboard
JP Morgan, RBC, HSBC and Societe Generale are among the initial banks.
Mbanq backs Arival Bank by acquiring shares
Arival also has its sights set on a Series A round of $10 million later this year
Swell announces closure
The investment platform did not reach the required scale to survive.
Robinhood raises $323 million in Series E funding
The new round of funding values the company at $7.6 billion.
Busey selects Jack Henry to support growth
The SilverLake System is believed to be replacing CSI’s NuPoint.
Moors and Cabot selects RBC as new clearing partner
This will enhance the firm’s back-office capabilities.
Blockchain ID management firm Trusted Key bought by Workday
Trusted Key will bring its blockchain-based, digital identity management technology to Workday.
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Payments platform Finix raises $17.5m in Series A round
The round was led by Bain Capital Ventures.
N26 lands in the US
Starting with users in the waiting list.
Canada’s PaymentsMB taps Cardstream for European expansion
Cardstream will link up with acquirers and suppliers.
SpotOn targets SMEs with exclusive TSYS deal
The agreement will expand payments capabilities to merchants.
HSBC launches multicurrency virtual account for treasury
Available in the UK, USA, Hong Kong and Singapore.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Top fintech stories this week – 05 July 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Cobalt Credit Union adopts video banking with POPi/o
The two-way technology offers a virtual branch experience.
Former Equifax CIO jailed for insider trading
Jun Ying sold his shares before a data breach was made public.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
DXC and Zafin form core systems partnership
This aims to bring product and pricing control solutions to Hogan and Celeriti users.
Pineapple Payments acquires CardChamps portfolio
Both firms are based in Pittsburgh, Pennsylvania.
Arival takes step closer to US banking licence
The fintech has launched a $3 million crowdfunding campaign.
Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
