Goldman Sachs acquires financial modelling firm ClearFactr
Bank boosts tech capabilities with purchase of one-man operation.
USA
Morgantown Bank & Trust in core banking tech revamp with CSI
The bank is moving to CSI’s NuPoint core banking system, delivered on a hosted basis.
UBS ferociously fights DoJ fraud claims
Swiss bank says the claims aren’t supported by law.
Independent Community Bankers of America launches fintech accelerator
It thought about it… then unleashed ThinkTech with the Venture Center.
NY subway to accept contactless cards in 2019
US plays catch up in retail payments.
US community banks forge Alloy Labs Alliance
“No bank wants to be the next Sears.”
JP Morgan finds nice match in fintech Wematch
Trading tech firm Wematch will join in-residence programme.
CardFlight partners with Payscape for merchant base race
Payscape will offer CardFlight’s SwipeSimple tools.
HSBC Bank USA hit by data breach
Data stolen includes full names, account numbers and transaction history.
PNC to equip commercial clients with Giact’s ID verification tech
Giact Systems and PNC Bank say they have formed a “strategic alliance”.
Visa and Billtrust team to digitise US B2B payments with Business Payments Network
Visa and Billtrust have joined forces to develop Billtrust’s Business Payments Network (BPN).
Gusto teams with ScaleFactor to automate accounting for SMEs
Gusto business users can sync payroll and benefits directly with accounting and financial data.
Braintree adds Samsung Pay option for US merchants
PayPal-owned Braintree will integrate with Samsung Pay.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Citizens Bank pioneers SigFig’s new wealthtech for financial advisors, CoPilot
SigFig unveils CoPilot, a digital wealth management platform for financial advisors.
POPin Video Banking Collaboration unveils new brand and clients
“The industry’s first interactive mobile video banking solution” is now known as POPio Mobile Video Cloud.
Mechanics Bank outsources core banking tech to COCC
COCC’s hosted core processing platform – Insight – is based on Fiserv’s DNA offering.
Biz2Credit tech to provide online business loans to Popular Bank
Over half of business loans are processed online.
Ethical insurtech Ethos bags $35m
Round led by Accel.
Quid raises $37.5m in funding round led by Lexis Nexis’ investment arm
Quid’s $37.5m round was led by REV Ventures, bringing the total funding to $108m.
Bogota Savings Bank in tech modernisation with Fiserv
Bogota Savings Bank will implement Fiserv’s DNA core banking system.
Swych powers WeChat’s Travelex Pay for US shopping
Swych’s blockchain-based gift card technology will power Travelex Pay, offered by Travelex and WeChat.
UBS Wealth Management USA in wealthtech revamp with Broadridge
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
PNC Bank teams with OnDeck to streamline SME financing
Offering digital business lines of credit up to $100,000 within one to three business days.
Playing nice: why credit scoring and blockchain could be keys to a working US sandbox
The key is to find areas of common ground and construct the sandbox – and its mission – around those topics.
Umpqua Bank sells fintech unit to banking tech firm Kony
Kony bucks status quo by acquiring tech from Umpqua Bank.
Purchasing Power takes over DoubleNet Pay
Financial wellness platform DoubleNet Pay has agreed to be acquired by Purchasing Power.
JP Morgan Chase teams with Plaid for open banking
Enabling account holders to safely share their financial data with third-party fintech applications.
NCR steps into payments with $184m JetPay acquisition
NCR and JetPay anticipate “a smooth transition” for customers, channel partners and employees.
Paytech firm Ondot lands strategic investment from Citi Ventures
New funds will help power international growth for mobile payment services specialist Ondot.
Socure and Alloy help Radius Bank halve online fraud
New account conversions grew by 30%, and manual review is a process of the past – reduced by 95%.
Lending Club, Wealthfront and Intuit team for consumer data
What do you get when you combine Intuit, Lending Club and Wealthfront?
Fidor brings its operating platform to US
Via a distribution agreement with tech development firm GFT Technologies.
Bank of America upgrades its automated FX solution
The bank now does conversions on behalf of other banks with less resources.
Goldman Sachs and Ayco in huge financial coaching deal with Google
Ayco will provide financial coaching to Google’s US-based employees.
JP Morgan Chase muscles into Silicon Valley with new fintech campus
The new “fintech campus” in Silicon Valley will house 1,000+ employees of JP Morgan Chase.
US SMBs retail innovate to compete and grow sales – Pymnts and AEVI research
More than 400 retailers across nine different sectors were surveyed.
American Express and Ethoca partner for card dispute resolution
Ethoca Eliminator will enable Amex card holders to get more detailed transaction information in real time.
Top fintech stories this week – 19 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Teradata Analytics Universe 2018: AI winter is over
There’s talk of sunshine on the final day of the Vegas show.
