Ripple powers LianLian’s payments to China
Hong Kong-based money service will use xCurrent blockchain solution.
Digital
Warburg Pincus buys majority stake in Fiserv lending business for $395m
Warburg Pincus is busy again with the acquisition of a 55% share.
UK regulator reveals retail banking remedies
Overdraft warnings are one of the fixes brought in as part of CMA’s investigation.
ADGM heads e-KYC utility project in UAE
Abu Dhabi Global Market has started the development of an electronic know your customer utility.
PrePay Solutions takes a shine to challenger bank Coconut
PPS is providing the banking infrastructure and card technology.
UK fintech in record VC investment
VC investment in the nation’s fintech firms was up 153% at $1.8 billion in 2017.
Coupa Software teams up with Tuition.io
Business spend management platform partners with Los Angeles-based fintech.
Personal Capital launches socially responsible investing
Clients can select a strategy with same pricing structure as the rest of its offerings.
Lloyds Bank cutting 930 jobs
Within its commercial banking, community banking, insurance, and wealth and risk management.
NAB is a Good Shepherd for Microfinance
Speckle is launched in Australia – a new service offering small loans under $2,000.
Blockchain and Bitcoin round-up: 6 February 2018
Features Virgin Money, Tech Bureau, Japan Net Bank, Waves Platform and Tokenomy.
Payments round-up: 6 February 2018
Stars SafeCharge, WorldRemit, Wing Cambodia Limited Specialised Bank, PaymentComponents and Amazon India.
Starling a great Flux for digitised loyalty rewards
Integration marks the second stage in their partnership.
Credit Union Australia feeling Rosie with Flamingo AI insurance chatbot
Provides a service for potential new members visiting its website.
Cisco, Apple, Aon and Allianz unveil cyber risk management solution
Combines evaluation services, technology, and options for cyber insurance coverage.
Fintech funding round-up: 5 February 2018
First one of February features Ohpen, Penta and Behalf.
Women in fintech: people will be empowered by connectivity
Swiss RE’s Cecilia Sevillano talks about her journey in the industry.
Virtual agent Amelia answers Credit Suisse’s call for tech support
IPSoft’s virtual agent Amelia is not just smart, but also has human qualities such as emotional awareness.
UK government pushing for cybersecurity clarity
Plans to simplify incident responses and a reduction in fines.
Standard Chartered signs for Moneythor’s digital banking toolkit
The project is in line with Standard Chartered’s objective to be “the digital bank with a human touch”.
TIA Technology acquires Danish insurtech start-up goBundl
TIA’s core insurance platform will be combined with goBundl’s self-service digital frontend.
Xero and Kaseya form data sharing duet
Cloud-based accounting platform and IT management solutions provider get together.
Santander and Ripple to launch blockchain-based consumer payments
Santander will launch DLT-based international payments for retail customers in Spain, Brazil, Poland and the UK.
Urban FT takes over troubled Digiliti Money
Digiliti Money will merge into Urban FT’s affiliate, FinTech Imaging Solutions.
UK Finance brings simpler banking to SMEs
18 business bank account providers agree to same basic set of information.
CollectAI partners with Pay360 for UK launch
Accounts receivable and debt collection management company collectAI has made inroads into the UK.
Israel Discount Bank gets AI energetic with Personetics
Cognitive Banking Brain powers AI digital financial assistant Didi.
Case study: Sberbank – tech them on
Sberbank now benchmarks its performance against technology companies not other banks.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Alibaba acquires 33% stake in Ant Financial affiliate for fintech fuel
Looking to “participate in the future growth” of the fintech sector.
AHML and Tinkoff Bank to unleash digital mortgages in Russia
Agency for Housing Mortgage Lending buddies up with bank for joint venture.
eBay ditches PayPal for Adyen
Dutch outfit Adyen fits – and becomes primary processing partner.
PayPal powers BofA Merrill digital payments
US-based commercial clients can now make payments in local currencies.
Scottish billionaire mulls new bank for SMEs
Jim McColl, one of Scotland’s richest men, prepares to enter the UK banking arena.
Amex acquires AI travel aide Mezi
Getting in on messaging market with tidy acquisition of personal travel assistant Mezi.
Banking Technology February 2018 issue out now
Vision dreams of passion. And all the while I think of fintech.
Huddlestock and Acuity bring mobile trading to Sri Lanka
Offering the ability to “crowd-trade and access investment ideas”.
Cambridge Blockchain and IHS Markit target KYC market
Will offer integrated reference data, operations and software.
Challenger bank Fiinu to put people before profit
Digital bank Fiinu plans to launch in early 2019.
Blackstone buys Thomson Reuters’ financial business for $17bn
Gets data business, risk and compliance solutions and wealth management software.
