Stripe hits $35 billion valuation on back of fresh funding
Stripe’s value has increased 56% since the start of 2019.
Outsourcing
Deutsche Bank joins Interbank Information Network
The blockchain-based platform has more than 300 member banks.
United Bank of Africa partners with fintech Ovamba Solutions
The alliance will provide Cameroon businesses with new tradetech.
Velocity Credit Union taps Fiserv for DNA core processing system
Velocity chooses Fiserv “to remain competitive”.
Insurtech Cover Genius forms ‘first of a kind’ partnership with ShipStation
The partnership will effect UK, Canadian and Australian merchant customers.
US bank FNBT chooses Finastra’s Fusion Phoenix core technology
The bank also bought 11 other Finastra solutions.
Barclays and JP Morgan Chase invest in TouchBistro
TouchBistro leads “a technology renaissance” for restaurants.
Cybersecurity firm Acronis becomes unicorn with $147m investment
The funding round was led by Goldman Sachs.
Caisse des Dépôts chooses Murex for its asset management
Murex’s MX.3 platform pulls every part of business into one.
EBA Clearing launches request to pay solution for Europe
It’s “the missing piece of the puzzle” for financial companies.
Digital Reasoning reveals $40m funding round and Standard Chartered partnership
Digital Reasoning uses AI to understand human communication
AI analytics platform FinTech Studios raises $5.1m
The company uses AI, NLP and ML to aid decision making.
United Bank of India launches voice banking
FSS offers the solution in partnership with Amazon.
JP Morgan and Societe Generale invest in trader fintech Wematch
Wematch is changing the way voice-traded financial markets operate.
Greenlight raises $54m to release debit card for kids
Greenlight’s app can monitor children’s spending and set savings goals.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
Plaid reveals strategic investments from Mastercard and Visa
Plaid says there’s opportunity to align with Visa and Mastercard.
Insurtech Broker Buddha raises $4.5m in round led by Vertex Ventures
Vertex Ventures says Broker Buddha is “driving significant industry change”.
Ping An Global Voyager Fund and Raisin invest in Joonko
The seed round raised €10 million.
Element AI raises CAD 200m in Series B funding round
Element AI has raised CAD 340 million in total so far.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
DN Intersect 2019: DN battles with banks to win trust in the automation race
DN says banks are “very rigid” with AI-automated ATM functions.
New challenger bank Zenus picks NICE Actimize AML tech
The bank wants a cloud-focused financial crime strategy.
Volante launches free SaaS RTP instant payments processing
The offering is for the US Clearing House (TCH) RTP and European SEPA RT1 or TIPS instant payments.
DN Intersect 2019: TwinStar can finally innovate with new cloud solution
Now credit unions can work within a tile framework.
Delta Capita and DTCC Collaborate on SFTR Testing
Delta will make the test pack available to DTCC to test its own SFTR matching and reporting service prior to launch.
AI: The missing piece for Cobol modernisation in finance
Modernisation for mission-critical software is in sight for the first time.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Allied Irish Banks chooses nCino for core technology
Accenture will be acting as the systems implementation partner
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
Standard Chartered chooses Traydstream AI solution
Traydstream begins with the global trade export market in Singapore.
B-North chooses Mambu and nCino for core technology
B-North is still awaiting a licence from the FCA.
Phoebus Software lands five-year deal with Equifinance
The lender wants a best-of-breed to grow.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
Trustly serves Alibaba’s European customers via Ingenico
Alibaba serves ten million buyers.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
