Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
Business-to-Business/B2B
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
CAIS announces new insurance product with Schechter
CAIS connects financial advisors with alternative investments.
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
Curve launches first crowdfunding campaign
Investment opportunities will start from £10.
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
Lending platform SellersFunding expands to UK and Canada
The platform offers pre-approved funding for online sellers.
Thomson Reuters launches global regtech competition
The contest seeks legal, tax and regulatory solutions.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
Australia visits UK to talk future of fintech
Talks centered around the opportunities of open banking in Australia.
Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
Calypso and 2021.AI team up to leverage AI in finance
The partnership will optimise Calypso’s back-office processes.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
HMRC cracks down on crypto investors
The tax authority has requested customer data from UK exchanges.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Biz2Credit commits $10m to fintech training initiative
Biz2Credit will fund training of 100 of its employees.
Jack Henry core banking solution attracts 57 new users in 2019
A record year for the technology provider.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
Plug and Play welcome Abu Dhabi Commercial Bank
ADCB stands at a market capitalisation of AED 58 billion.
B3 and Itiviti join forces for global connectivity
The stock exchange’s members can access the NYFIX portal.
Female founders become Accenture Lab’s new focus
This year Accenture wants to narrow the gender gap in fintech
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Female-led Handdii raises $1.5m led by Scale Investors
Scale Investors focuses on high growth women-led tech companies.
ASB invests in NZ blockchain start-up TradeWindow
It’s one of the first technology companies to receive direct funding from a NZ Bank.
Turn to commercial banks for treasury management innovation
Commercial banks are taking up a starring role.
Monarch creates first recurring crypto payments system
The solution will enable the likes of Netflix and Hulu to accept crypto.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
Envestnet’s CEO admits lawsuit sets them back
The $100m lawsuit has significantly disrupted “several clients and prospects”.
Sherpa Technologies partners with fintechs to help credit unions
Application open on 15 August.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
FinMkt closes $5m Series B
It provides highly customisable tech for the online lending industry.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Credit unions and Payrailz launch CU Payz
The new fintech partnership is designed to give credit unions ‘next-generation products’.
