Wahed Invest obtains $8m from existing investors
It claims to be the first Islamic fintech start-up to reach a valuation of $100 million.
FinTech
White paper: Real-Time Risk Analytics, Management and Compliance with In-Memory Computing
In-memory speed, unlimited horizontal scalability and broad integration to support any future needs.
NTT Data to acquire Canada’s Sierra Systems
The acquisition will provide Tokyo-based NTT Data with a “significant” presence in Canada.
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.
Sibos 2018 video: Nanda Kumar, SunTec Business Solutions
Bank of Tomorrow, SunTec digital core and the company’s future.
Red Hat to be acquired by IBM in “game changing” $34bn deal
With the acquisition of Red Hat, IBM will become the world’s #1 hybrid cloud provider.
Sibos 2018 video: the importance of financial & tech media
What is the role of financial and tech media in the industry?
Sibos 2018 video: the importance of Sibos
So why do we like Sibos?
Top fintech stories this week – 26 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
BIAN unveils free digital API Exchange
An online digital library containing over 65 standardised API definitions.
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.
Sibos 2018: separating the myth and reality of AI in financial services
Where can the artificial intelligence tech have the greatest impact?
Sibos 2018: partnership strategies to overcome digital disruption
Will digital disruption by dynamic technology natives undermine the legacy business models of traditional banks?
Sibos 2018 interview: Parth Desai, Pelican – succeeding in the AI economy
Artificial intelligence can help banks obtain “customer cognizance”.
Sibos 2018 video: key takeouts – part 1
Summed up in this short and sweet video
Network platforms: a new concept for a new age
ING and TradeIX, both members of the Marco Polo Network, discuss its benefits and what lies beneath.
Knowing your customer: blockchain’s ultimate killer app?
Abbas Ali, associate director, R3, wants you to be in the know about KYC matters.
Blockchain: technological genius or marketing concept?
Insight from Alain Rocher, head of knowledge management, Societe Generale Securities Services.
Sibos 2018: Why smart ledgers are not delivering yet, for financial services
Do financial services have a ‘God-given’ right to smart ledgers?
Sibos 2018: Alpha-bets S-Z
A brief look at four fintech firms that are worth watching out for at the Sibos show.
Umpqua Bank sells fintech unit to banking tech firm Kony
Kony bucks status quo by acquiring tech from Umpqua Bank.
Bankers behaving badly: breaking the cycle of aggressive conformity
Find the price you are not willing to pay. And don’t pay it.
Webinar: Making the Most of PSD2 and Open Banking
Join us for a new webinar sponsored by Envestnet | Yodlee and hosted by Fintech Futures
Sibos 2018: Need for speed – ML reducing fraud in real-time payments
“ML or decision science is key.”
Sibos 2018: AML struggles amidst new payment methods
Communication seems to be the theme, again.
Sibos 2018: The future of money – from product to experience
“The era of contextual financial services, where what you’re seeking finds you.”
Fintech Moven unveils global expansion plans
Taking Moven’s digital banking platform to banks worldwide.
Sibos 2018: Banks and crypto lovers battle it out
Joe Lubin, co-founder of Ethereum and founder of ConsenSys, has something to say.
Finn.ai raises $11m in Series A funding round
Canada-based developer of AI-powered virtual assistant tech lands $11m.
Sibos 2018: Alpha-bets M-R
A quick look at four fintech firms that are worth keeping an eye on at the Sibos show.
JP Morgan Chase teams with Plaid for open banking
Enabling account holders to safely share their financial data with third-party fintech applications.
EastNets shows off new AI-based fraud and money laundering tools
Combating money laundering and payment fraud.
Sibos 2018 video: the brightest minds on the future of fintech & paytech
A range of experts attending Sibos 2018 share their views.
Experian, FICO and Finicity launch UltraFICO Score
Three fintechs joined forces to create a new credit scoring technology designed for thin-file customers.
Accenture brings blockchain platforms together
Firm plays cupid with blockchain cuddle-fest.
Sibos 2018: China versus the West
High smartphone and social media penetration could be the keys.
Sibos 2018: Banks must have superpowers to solve financial crime
Dispelling the myth that tech will replace people when it comes to solving money laundering.
Sibos 2018: How blockchain makes banks catch up with fintech
Banks can not only catch up with fintechs but overwhelm the less mature entities.
Sibos 2018: Alpha-bets G-L
A quick look at four fintech firms that are worth keeping an eye on at the Sibos show.
Voltron preps launch of documentary trade on R3’s Corda
Aimed at enhancing the transactions of letter of credit.
