Baton raises $12m for blockchain-inspired b2b solution
Baton allows banks to avoid overhauling their existing systems.
Outsourcing
Trends in banking
Evolving the operational models to deliver faster customer services, cost efficiencies and competitive offering.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Fintech platform Bond raises $10m seed funding
The company will spend the funds on growth and product development.
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Tech Mahindra and Adjoint collaborate on blockchain finserv and insurance solution
This will be the firms first treasury and insurance blockchain solution offering.
LeasePlan migrates to Ohpen’s core banking system
Nearly one million Dutch and German savings accounts moved to new cloud-based system.
Platform9 targets global growth with $25m funding
The firm helps companies run cloud-native infrastructure at scale.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Credit union NEFCU chooses Fiserv for digital transformation
NEFCU has more than $3 billion in assets.
Natwest, Tesco, RBS and Nationwide experience banking IT outage
Customers couldn’t access credit card information with monthly bills imminent.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
Banque Morval and Intesa Sanpaolo unite on Avaloq’s core banking tech
The project took nine months to complete.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Banco Galicia chooses Strands for mobile banking
Strands technology will become “a tool for financial education”
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
ICE’s Bakkt set to launch bitcoin futures contracts
Bakkt is “cleared to launch” its trading in bitcoin futures next month.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
CAIS announces new insurance product with Schechter
CAIS connects financial advisors with alternative investments.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Curve launches first crowdfunding campaign
Investment opportunities will start from £10.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
Biz2Credit commits $10m to fintech training initiative
Biz2Credit will fund training of 100 of its employees.
Jack Henry core banking solution attracts 57 new users in 2019
A record year for the technology provider.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
Enterprise Ireland invests €250k in CreditLogic
The firm uses AI and data analytics to speed up mortgage applications.
Female-led Handdii raises $1.5m led by Scale Investors
Scale Investors focuses on high growth women-led tech companies.
ASB invests in NZ blockchain start-up TradeWindow
It’s one of the first technology companies to receive direct funding from a NZ Bank.
Banking platform for freelancers Joust raises $2.6m
The neobank allows workers to get paid faster.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
