Top fintech stories this week – 05 July 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment, Asset & Fund Management
Currencycloud raises around £32m
Investors in the first part of the Series E round have not been disclosed.
Sensibill raises $31.5m for AI-driven banking solution
The Toronto firm targets freelancers and entrepreneurs.
Silicon Valley Bank lends $300m to innovative Irish companies
It will bring the total amount brought to the Irish market to $500m by 2024.
FCA proposes ban on crypto-based derivatives
The regulator believes the products are ill-suited to retail consumers.
Avaloq buys Swiss structured products firm Derivative Partners
The acquired niche company provides market information and tools for clients in Switzerland and the rest of Europe.
Covenant Capital signs up on Profidata’s e-AMIS
The wealth manager will be able to follow better independent tailored advice.
Broadridge takes over Northern Trust’s PE DLT platform
The move is viewed as a step towards an industry-wide PE blockchain solution.
LGT Vestra gets new mobile app from Crealogix
The firm’s high-net-worth clients are getting a new digital experience=.
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.
Avaloq Community Conference 2019: readiness for an uncertain future
Setting out the five basic steps for the bank sector to follow, with digitisation at the heart.
MoneyGram agrees $50m partnership with Ripple
The strategic partnership will have an initial term of two years.
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.
Sure secures $23.1m Series B funding
The funds will enable the company to scale-up its business.
StatPro acquires ECPI research and index
The group will also take on the employees of ECPI, ESG unit in Milan.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
SimCorp acquires AIM Software for €60m for data management boost
The Danish investech will include AIM’s solution to its portfolio.
Getsafe raises €15m for AI-driven insurance
The German mobile insurtech is looking to double its team and expand in the UK.
Groupama overhauls product repository with Appian’s low-code platform
A new lifecycle management application has been deployed.
Investors lost over £27m to crypto and forex scams last year
The FCA and Action Fraud aim to raise awareness of investment fraudsters.
Evarvest prepares new type of stock trading app
Inspired by social media apps, for ease of use.
Tokyo calls for foreign fintechs to enter accelerator programme
Start-ups will be mentored by leading Japanese financial organisations.
German wealthtech Elinvar gets Goldman Sachs injection
The digital platform for asset and wealth managers wants to expand throughout Europe.
Asset management firm AllianceBernstein picks OpenFin for new OS
A new desktop technology infrastructure, allowing integration and interoperability.
Liquidnet acquires RSRCHXchange for investment data insights
RSRCHXchange digitises content and provides a centralised hub for research access.
Profile Software to provide wealth management support to MADA Capital
Omni-channel platform offers digital tools for wealth managers.
Orange acquires SecureLink for €515m
Investcorp originally acquired SecureLink in December 2015.
FNZ unveils market infrastructure for asset managers on blockchain
In partnership with an array of fund managers in the UK.
Finitive gets $6m funding for alternative lending investments
Investors can now access non-bank lending sectors.
AI and ML empower advisors by predicting their clients’ economic behaviour
The advisor’s role goes beyond managing money; it has shifted to managing lives.
Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
Swiss fintech opens up alternative investments market with new platform
Ambitions to become leading global marketplace.
White paper: Empowering Investment Bankers with Data Science
How to build the modern CRM system with built-in AI and machine learning.
New cryptocurrency exchange eToroX unveiled
The exchange supports six cryptocurrencies and eight fiat stablecoins.
Salary Finance completes $32.8m funding for US push
Sofi co-founder will lead the US branch of the firm.
Indian wealthtech Kuvera raises $4.5m
The firm was founded in 2016 as India’s first free-to-use web-based direct mutual fund investment platform.
A five-year crypto plan: here’s what we can expect
Fintechs must stop squabbling with the regulators for real progress to be made.
Brewin Dolphin upgrades digital capabilities with Avaloq tech
The wealth manager says it has £34.9 billion under management.
