Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Corporate & Commercial Banking
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
ECB discovers data breach in bank newsletter
It is the second time in five years.
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
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.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Jack Henry core banking solution attracts 57 new users in 2019
A record year for the technology provider.
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
Reshaping the banking experience
It’s time to stop looking at digital as the only key to client satisfaction.
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
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”.
Brex competitor Ramp Financial raises $7m
The start-up is in the early stages of product development.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
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’.
JP Morgan Chase invests in accounting software platform FreshBooks
A JPMC representative will be joining FreshBooks’ board.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Daily News at Sibos: be at the heart of the biggest fintech event of the year
London calling: explore opportunities with Daily News at Sibos 2019.
Commerzbank tests blockchain payment solution with Daimler Trucks
Current payment systems require a human to trigger the process.
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
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’.
Backbase is named a leader in the Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
Download the Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019
Deutsche Bank creates digital bank Fyrst
Currently the project is suspended by the former subsidiary Postbank.
IIG Bank Malta live with Temenos T24 core and digital platform
It also took Temenos’ financial crime mitigation module.
Mizrahi Tefahot selects Temenos’ T24 Transact for capital markets
T24 Transact will interface with trading systems and the bank’s core systems.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
SVS Securities enters administration
The FCA has opened an investigation into the company.
Three lessons traditional banks can learn from their younger siblings
Teamwork, transparency and creating a competitive culture is key.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
