Case study: Live Oak Bank and Finxact – riding the second wave
The US, in particular, is in urgent need of new core offerings to support next generation digital banking.
Innovation
The power of the crowd: why blockchain could be the answer to the broken VC model
While VC funding may be slowing, ICOs and equity crowdfunding platforms harnessing blockchain have risen dramatically.
OBIE freshens up open banking standards
Version 3.0 covers all products with payment capabilities.
Top fintech stories this week – 7 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Interview: Serena Smith, FIS – payments at the speed of change
The payment industry’s massive changes, its goals, and how they change around the globe.
Sberbank and 500 Startups unleash Russian fintech accelerator
Each start-up will receive seed investment of up to $145,000.
UK’s New Payment System Operator opens developer portal
PSPs and billers are cordially invited to develop “Request to Pay”.
Xero Learn sets stage for future number crunchers
Accountants of tomorrow have a new hero in Xero.
UK savings app Numeos gets FCA seal of approval
Start-up is now regulated by Financial Conduct Authority.
NAB adds another $50m to VC fintech fund
NAB Ventures up for more start-up adventures.
ASX blockchain system go-live delayed
Australian Stock Exchange’s system was meant to go live at end of March 2018.
Munich Re acquires IoT player Relayr
Acquisition is via its subsidiary Hartford Steam Boiler.
Varo Money on course for first US bank licence
Start-up could be first fintech to receive bank charter from OCC.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
Life’s Alight for Wipro with $1.5bn deal
Indian firm reveals record ten-year deal with Illinois-based Alight Solutions.
Australia’s banks turned on by Osko for new payments platform
After a six-month delay, Westpac and ANZ are now rolling with it.
Hungary’s instant payments system to go live in 2019
GIRO and Nets say system will go live on 1 July 2019.
Insurtech Sagittae targets risk sharing on blockchain
Dutch firm offers peer-to-peer financial protection.
White paper: The Mobile Banking Revolution
How to build the mobile bank of the future?
Foxconn and friends form $100m VC fund in US
Wisconsin business community gets some love and (more importantly) money.
An overview of neobanks in Latin America
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.
Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Deutsche Börse sets up DLT and crypto unit
Also makes an initial investment in HQLAx.
Infographic: Open Banking – progress update
Courtesy of the Open Banking Implementation Entity (OBIE).
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Sunrise Banks: the dawn of seamless payments experiences
Social enterprise banking, payments, and creating user experiences by using data.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Banking Technology September 2018 issue out now
Elements of fintech, pure in substance.
Line launches cryptocurrency Link
Japanese firm says it will not make an initial coin offering.
Bangkok Bank calls for banging fintech start-ups
Bank is egged on by Nest to drive Thailand’s ecosystem.
Finastra sittin’ on the dock of the Bahrain FinTech Bay
Vendor looks for fintech action in the Middle East.
Terra firmly raises $32m funding for digital money ambitions
Plans to copy models of payment platforms like AliPay and PayPal.
How insurers and start-ups are targeting the growing cyber insurance market
Sarah Stephens interviews a panel to find out how they’re targeting the cyber insurance market.
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
Ebury becomes first fintech to go live with Swift gpi
Global payments innovation powers on.
Standard Chartered applies for HK virtual licence for new bank
The upcoming digital bank also got a new CEO.
JP Morgan hires ex-Google exec for AI ambitions
The war for talent rages on.
AI wealthtech Pagaya closes $14m funding round
Its tech is meant to help institutional investors and asset managers.
Due to popular demand: Banking Technology Awards entry deadline extended!
Submit your nominations by 7 September 2018.
UK offers fintech expertise to Nigeria
Due to Brexit, it needs to find new markets.
