Ex-Virgin Money execs’ venture Snoop gets FCA approval
It can now receive financial data from banks as a registered third party.
Outsourcing
Decisioning platform Funding Xchange raises £8m
Former dairy farmer Katrin Herrling set up the company after the financial crisis.
Business payments platform Bill.com set to raise $100m in IPO
Underwriters listed include Goldman Sachs, BofA Securities and William Blair.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
CSConnect UK 2019: Security awareness never really works, says Mastercard’s Vocalink CSO
Mastercard CSO thinks behaviour is the real issue when it comes to security.
Canada’s Stradigi AI closes $40.3m in Series A funding round
The AI firm wants to expand further into the North American market.
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Investment firm Castle Trust to become UK challenger bank
The firm calls it the “natural next step”.
Hungary’s National Bank fintech strategy combats digitisation lag
The national bank has drawn up its own fintech guidelines “to speed things up”.
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
Money20/20 USA: In conversation with Haytham Kaddoura, CEO of SmartStream
Creating game-changers in the banking industry.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Backbase Connect 2019: Backbase’s CEO says its biggest challenge comes from its customers
Banks need to fully commit to a “neo-reality” digital transformation.
Goldman Sachs leads $50m Series C funding round for credit card platform Deserve
The funds will go to its “Card as a Service” (CaaS) platform.
Backbase Connect 2019: How Backbase built a digital bank in 47 minutes
From an uncustomised template to a fully-customised, integrated banking app with 13 mins to spare.
AFME promotes further adoption of public cloud in capital markets in new paper
The paper also outlines several barriers to cloud adoption at present.
Symitar’s Episys gains two new credit union customers
Peoples Advantage Federal Credit Union and Century Credit Union to deploy new core system.
IBM launches “world first” financial services public cloud
Big Blue is joined by Bank of America as first partner and collaborator.
Vietnam’s TPBank seals deal with blockchain paytech RippleNet
RippleNet claims its first bank client in Vietnam.
Ask the expert: your questions on growing the business answered
What elements of lead generation should I consider for outsourcing?
Backbase Connect 2019: Backbase challenges Banco Santander’s €20bn digital spend
The digital banking firm says it will build a digital bank in one hour.
Santander splashes £350m for majority stake in Ebury
The bank’s 50.1% majority stake will put £70 million towards Ebury’s expansion.
Sweden’s subscription manager Minna Technologies lands deal with Norway’s SpareBank 1
Competitor Subaio has recently signed deals with various other Nordic banks.
The identity challenge: How can banks know who’s who?
Proving identity is the critical first step in preventing theft.
HSBC-backed fintech Bud looks beyond financial sector in re-focused product model
The fintech has axed 20% of its staff and undergone a business restructure.
End-to-end innovation in digital debt management
We speak with Spyros Retzekas, COO, about what’s helped the business thrive.
Case study on Bank of America: How robots help serve and protect the bank
In a bank of this size, there are many areas that would benefit from automation of repetitive tasks.
Banking Technology November 2019 issue out now
The identity challenge.
SME challenger bank Recognise signs on Mambu tech
Mambu Core will be plugged into the bank’s tech alongside nCino.
Elavon and Santander help Poppy Appeal in ‘largest cashless charity campaign in Europe’
The fintech is deploying 1,100 cashless terminals across the UK.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
Transbank chooses AEVI to overhaul its in-store checkout for Chile’s merchants
The bank support firm wants to make integrations easier for merchants.
Head above the clouds with Deepak Gupta
“Every mid-sized and large bank knows they have to offer RTP.”
Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
UCL graduate fintech TurinTech.ai raises £1m led by IQ Capital
The firm is now a resident at London’s Microsoft Reactor.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
