Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
Innovation
CIMB Niaga and Liquid Group spearhead Singapore-Indonesia payments
Partnership follows successful trial at Changi Airport.
Current’s new adult bank account sees strong growth
The challenger banking service started as a prepaid teen card.
Bank of England responds to Future of Finance report
It features five key action plans to meet the needs of the digital age.
Denver and Latin America form digital finance collaboration
Peru and El Salvador cooperatives join forces with US credit unions.
JP Morgan’s secretive UK digital bank plans revealed
The new offering is rumoured to rival Monzo and Goldman Sachs’ Marcus.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
N26 launches MoneyBeam for UK users
MoneyBeam lets users receive or transfer up to £100 with other N26 users in the UK.
Aazzur launches funding round
The Berlin-based fintech has also begun beta testing.
Berkshire Bank commits to RTP with Global PayPlus selection
Massachusetts-based Berkshire Bank has chosen Finastra’s Fundtech-derived Global PayPlus for connectivity.
Core banking and core principles: getting to the future, from where you are today
It is now possible for us to be digital all the way down.
ABN Amro turns to Temenos’ WealthSuite
The first international branch to go live with the system will be in Belgium.
Webinar: don’t disrupt – avoiding the dangers of transformation
70% of digital transformation plans fail. Find out why in this upcoming Finovate webinar.
Rolling out a blockchain-powered insurance ecosystem
Read the latest InsurTech Rising 365 eMagazine with a specialist focus on blockchain in insurance.
Dave Banking launches checking account
The new US challenger bank offers interest-free advance and opportunity to build credit.
Refinitiv invests in BattleFin
BattleFin’s Ensemble marketplace will be integrated with Refinitiv’s desktop, Eikon.
Token lands $16.5m funding round
It will use the funds to build on its TokenOS open banking platform.
Cloud adoption: the future for the back office?
Peter Hainz of SmartStream investigates the power of the cloud.
Ask the expert: your questions on growing the business answered
How can I generate awareness of my fintech among potential investors and target clients with limited resources?
Gold payments firm Glint Pay receives £5m funding
It will help the firm push its US expansion.
Five winners in latest RBS-derived funding round
The fourth entry in the Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package.
PayFit to double workforce with €70m funding round
French startup automates payroll and HR processes for SMEs.
ADB launches digital financial inclusion fund
It’s supported by the Bill & Melinda Gates Foundation, AFD and more.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
The greenfield approach: accelerating a new era of growth and innovation in insurance
The opportunity to drive change using the latest tools, methods, tech and partners.
Crypterium launches prepaid card
The Crypterium Card is loaded with cryptocurrencies and functions just like a traditional prepaid card.
IBM launches Hyper Protect Accelerator for pre-Series A start-ups
15 early-stage, pre-Series A start-ups from both fintech and healthtech will be selected for the program
Reserve Bank of Australia calls for better NPP access and roll-out
The regulator’s report makes 13 recommendations for the New Payments Platform.
Challenger banks in Canada: who’s who and what’s their tech
A comprehensive list of challenger banks and banking services in Canada and the tech they are using.
JP Morgan extends partnership with AccessFintech
This is the first custodian to collaborate with them on real-time transparency.
Tinkoff launches Oleg, a financial and lifestyle AI
Tony Stark’s, Jarvis, may have some competition.
Symphony goes global to the tune of $165m funding
Standard Chartered, MUFG and other existing investors participated in the round.
Circle Pay shuts down
Circle Pay app accounts will undergo changes starting on 8 July 2019.
Sure secures $23.1m Series B funding
The funds will enable the company to scale-up its business.
DNB extends investment in new 11:FS platform
The Norwegian financial services group will also implement 11:FS Foundry.
Augmentum Fintech to double in size as it seeks £150m fundraise
The capital would be used within the next 18 months.
Interview: Dan Makoski, Lloyds Banking Group – grand designs
“Design, like technology, is a strategic superpower that can be used to do incredibly bold things.”
StatPro acquires ECPI research and index
The group will also take on the employees of ECPI, ESG unit in Milan.
Commercial banks are joining the API revolution
Ultimately, the power of APIs is not in the technology but in the vision behind that technology.
SoftBank confirms $200m investment in Creditas
The Brazilian lendtech provides credit with houses or vehicles as collateral.
