Element AI raises CAD 200m in Series B funding round
Element AI has raised CAD 340 million in total so far.
Software-as-a-Service/SaaS
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
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.
AI: The missing piece for Cobol modernisation in finance
Modernisation for mission-critical software is in sight for the first time.
Cyber landscape, threats and trends in financial services
Investment in emerging technologies is likely to be a key theme next year.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
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.
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.
Banco Galicia chooses Strands for mobile banking
Strands technology will become “a tool for financial education”
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
Mortgage Cadence integrates with DataVerify
Mortgage Cadence says the integration streamlines the application authentication process.
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.
Code Investing launches instant decision SME loan portal
The online broker solution is a UK-first for loans up to £5 million.
New Zealand bank TSB goes live with Temenos Infinity Digital Onboarding
Included in the short implementation period was an API-based connectivity
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.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
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.
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.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
Regtech Konsentus closes multi-million-pound pre-Series A round
The financing round was led by Mastercard.
My top four proactive, disruptive banking process innovations
Four areas where you can make the biggest impact both quickly and in the long run.
Insurtech and the future of financial modelling
The trio of financial, actuarial and management reporting: technology revolution or evolution?
Metro Credit Union in major tech revamp with COCC
The credit union embarks multi-year project to make major strategic investments in tech.
