Envestnet’s CEO admits lawsuit sets them back
The $100m lawsuit has significantly disrupted “several clients and prospects”.
Outsourcing
Sherpa Technologies partners with fintechs to help credit unions
Application open on 15 August.
EBA Outsourcing Guidelines or Operational Resilience – which to prioritise?
Operational resilience (OpRes) is the new, grown up way of regulating the financial sector.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Credit unions and Payrailz launch CU Payz
The new fintech partnership is designed to give credit unions ‘next-generation products’.
ScaleFactor closes $60m Series C funding round
The platform has since raised $100m in 12 months.
JP Morgan Chase invests in accounting software platform FreshBooks
A JPMC representative will be joining FreshBooks’ board.
IIG Bank Malta live with Temenos T24 core and digital platform
It also took Temenos’ financial crime mitigation module.
SmartStream partners with Finanz Informatik Solutions Plus
This will support reconciliation processes for financial institutions.
Crealogix moves to SaaS model
Profits have fallen but sales increased to over $100 million.
Microsoft and Publicis Sapient back world’s first fully digital trade bank
The UAE-based Anglo-Gulf Trade Bank aims to address global trade finance gap.
Code Investing launches instant decision SME loan portal
The online broker solution is a UK-first for loans up to £5 million.
Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
Case study: why a banking service provider migrated to containers
Banking service provider figo builds a containerised infrastructure to meet goals for speed, scalability and security.
SquareBook wins FCA approval to offer IPO services
The company hopes to tackle conflicts of interest in the IPO process.
New Zealand bank TSB goes live with Temenos Infinity Digital Onboarding
Included in the short implementation period was an API-based connectivity
Nationwide and ClearBank partner for new business account
The partnership will provide access to real-time payments.
FIs choose Cloudera for digital transformation
Cloudera enables digital transformation for global financial services institutions.
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
Konsentus partners with Carta Worldwide for PSD2 compliance
The firm offers real-time TPP identity and regulatory checking services.
Zeta eyes global expansion with Series C investment
The investment came from Sodexo at a valuation of $300 million.
Morgan Stanley and Box launch document sharing portal
The platform promotes communication between financial advisors and clients.
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Temenos acquires AI firm Logical Glue
It claims to bring transparency and explainability of AI automated decisions to the banking industry.
White paper: The architect’s guide to digital core banking in the cloud
Download the Five Degrees white paper now
Canada’s PaymentsMB taps Cardstream for European expansion
Cardstream will link up with acquirers and suppliers.
TreasurySpring launches Fixed-Term Fund platform
The platform provides a digital pipeline for the wholesale money markets.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Amazon brings money management to Prime for businesses in the UK
It also offers tailored advice when buying.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
CIMB Niaga and Liquid Group spearhead Singapore-Indonesia payments
Partnership follows successful trial at Changi Airport.
JP Morgan’s secretive UK digital bank plans revealed
The new offering is rumoured to rival Monzo and Goldman Sachs’ Marcus.
Moneyou selects Konsentus for PSD2 capabilities
Konsentus will provide Moneyou with third party provider (TPP) identity & regulatory checking.
Xero and Stripe team up to help small businesses get paid faster
A champion move to help small businesses (SMBs) get paid faster and give them more options on how they get paid.
Tieto buys Nordic banking tech rival Evry for €1.3bn
Combined, TietoEvry will have 24,000 employees and annual revenues of €3 billion ($3.4 billion).
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.
Cloud adoption: the future for the back office?
Peter Hainz of SmartStream investigates the power of the cloud.
PayFit to double workforce with €70m funding round
French startup automates payroll and HR processes for SMEs.
