Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Data & Analytics
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Data start-up Meeco secures $6.2m in seed funding
Funding will support acquisition of Aussie firm SVX Group.
Desjardins Group data breach affected all 4.2 million members
Internal leak forced change in government policy.
Sweden’s subscription manager Minna Technologies lands deal with Norway’s SpareBank 1
Competitor Subaio has recently signed deals with various other Nordic banks.
UK start-up Freetrade raises $15m, inc. first-time investor Draper Esprit
Draper Esprit invested $7.5 million in the fintech.
The identity challenge: How can banks know who’s who?
Proving identity is the critical first step in preventing theft.
UK Treasury makes paying back consumers victim to APP fraud ‘compulsory’ for banks
The phrase ‘gross negligence’ will also be defined.
HSBC-backed fintech Bud looks beyond financial sector in re-focused product model
The fintech has axed 20% of its staff and undergone a business restructure.
End-to-end innovation in digital debt management
We speak with Spyros Retzekas, COO, about what’s helped the business thrive.
Why BNY Mellon didn’t hire ‘the perfect data scientist’ on paper
The head of digital share his top tips on how to get a job at BNY.
IDnow gains $40m funding injection from Corsair Capital
Verification firm plans to use fresh cash to open new locations.
Case study on Bank of America: How robots help serve and protect the bank
In a bank of this size, there are many areas that would benefit from automation of repetitive tasks.
The common data format that benefits everyone
Data has only recently started being held in such high regard.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Banking Technology November 2019 issue out now
The identity challenge.
Israeli fintech Become secures $12.5m to help make SMBs more fundable
Become wants to “disrupt conventional and ‘alternative’ lending practices”.
UK fintech Koyo raises £3.8m to aid wiped credit histories
The fintech helps migrants or people who’ve never taken credit or been the main bill payer.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Regulation and competition driving lending transformation
The key to success is a solution that provides effective data management.
Cryptocurrencies and the critical vulnerability of a 51% attack
The processes, the vulnerabilities, and the dangers broken down.
Bank of America unveils new mobile banking app with loan applications built in
The bank has 29 million mobile clients.
UK Treasury Committee: Regulators must punish banks for IT failures
UK regulators “must have teeth and be seen to have teeth”.
UniCredit reports data breach affecting three million accounts
The data leak stems from a four-year old file.
OneSpan director: Banks need to implement AI’s full potential
Banks still have siloed data pools which can’t quite be pulled.
TransUnion appoints ex-KCOM exec Mike Davies as COO in UK
Davies grew KCOM’s business value from £50m to more than £500m.
How to provide customers from China with a habitual and convenient service
An official account is the first step for a company towards the Chinese audience.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
Temenos picked by Danish challenger Lunar to fight financial crime
Temenos says it was chosen to “address stringent regulatory demands”.
Goldman Sachs leads $35m Series B round in data storer Very Good Security
Andreessen Horowitz and Vertex Ventures also participated.
ING validates transactions without compromising data in “blockchain breakthrough”
Transactions on Corda can now be proofed with complete privacy.
A bird’s eye view of cloud and the payments industry
The sky is the limit for cloud and Volante.
UK consumers stick with their banks as switches drop again in 2019
This decrease follows a similar pattern between Q1 and Q2.
Glue42 partners with RocketFin to bring behaviour mining to banks’ regtech suite
Glue42 works with the likes of JP Morgan Chase.
PeerNova raises $31 million in new funding round
Data reconciliation firm plans to build out its flagship platform.
Crunch launches mobile accounting platform for UK’s self-employed
The cost £5.5 million and four years in development.
Making the most of cloud migration – expert advice from Bill Cunningham, Endava (Part 2)
Happy staff, happy customers and a more efficient, forward-looking organisation.
Instabase raises $105m sent to unicorn status
The bank app has raised $132 million since it began in 2015.
Investor rights lawyers investigate Wirecard securities fraud
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
