AkinovA first insurtech to adopt OpenFin OS
“This is an overhaul in the insurance and risk trading space.”
Innovation
Swift launches new API standard for open banking innovation
Universal API standards will speed up open banking.
A launchpad platform for savings providers
Savings providers can improve productivity, efficiency and accuracy.
The secret behind Northern Ireland’s fintech success
Northern Ireland is carving its own unique niche in the digital world.
Yes Bank uses Microsoft’s AI platform for chatbot
The AI chatbot is well-versed in the banking world.
Accion Venture Lab adds $33m to new fintech fund
The lab’s total capital under management is now $42 million.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
The uphill battle for European challengers success in the US
Find out if European neobanks can tackle the challenging US market.
CaixaBank slashes risk analysis time with quantum computing
It’s the first Spanish bank to incorporate the tech into its R&D.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
Distributed compliance is the key to banks increasing CDD and KYC challenges
We must we re-imagine risk management and compliance.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
The key segment to nurture in 2020 and beyond
The biggest challenge may be the paradoxical ways SMBs view their relationship with their bank.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
Trends in banking
Evolving the operational models to deliver faster customer services, cost efficiencies and competitive offering.
Video: fintech news weekly round-up – 30 August 2019
FinTech Futures and KAE, a strategic marketing consultancy firm, have teamed up to bring you short and sweet round-ups of the week’s selected news stories – in a video format. The latest weekly video covers: Apple Card launches AmEx, Citi and Goldman invest in digital mortgage startup Better.com JP Morgan to shut down Chase Pay […]
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Fujitsu collaborates with Commerzbank on securitisation project
“No longer any need to wait for commercial viability of true quantum computers.”
CardX raises $2m in debt financing
The fintech helps businesses avoid credit card transaction fees.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Fintech platform Bond raises $10m seed funding
The company will spend the funds on growth and product development.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Insurtech start-up Kin raises $47 million
The company will launch a home insurance carrier in Florida.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Equity Group reviews its fintech unit as executives quit
The Kenyan bank is considering running Finserve Africa as a division.
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Bad bosses and hardy flowers
Moving away from bad bosses is not good advice, it is essential advice.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Insurtech Hedvig raises €10.3m
The funding values the company at SEK342 million ($35.5 million).
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
