HSBC and Oracle NetSuite launch new accounts payable solution
NetSuite AP Automation is available in the US as part of NetSuite’s SuiteBanking offering.
Partnerships
Battle Financial taps Savana for upcoming digital bank offering
Pending regulatory approval, Battle Bank is expected to launch in early 2023.
Spanish BNPL fintech SeQura lands €150m financing facility from Citi
The funding will support the firm’s expansion across southern Europe.
Digital bank Paytend taps Tribe for issuing and acquiring services
Paytend says the partnership with Tribe will enable more efficient payment services.
European fintechs join forces to make open finance a reality
The OFA wants to usher in an era of open finance in much the same way the EU’s 2016 PSD2 did for open banking.
CSI’s tech to underpin new UK challenger Bevan Money
Bevan Money aims to launch sometime in late 2023 or early 2024.
FinTech Futures: Top five stories of the week – 23 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Zopa Bank and ClearScore in bid to strengthen consumer finances by 2025
The initiative will focus on four areas – savings, credit building, debt consolidation and utility marketplaces.
Video: Seattle Bank at FinovateFall 2022 – Competition and collaboration in financial services
We chat with Josh Williams of Seattle Bank to discuss how collaboration between banks and fintechs has evolved.
Hamburg Commercial Bank completes SEPA payments cloud migration
Completed in under 12 months, the implementation follows the migration of HCOB’s international SWIFT payments.
“Care now, pay later”: medical care fintech Scratch raises $35m Series C
Scratch offers a payment model to help patients cover the cost of medical care.
Copper.co taps Fenergo for AML and client lifecycle management solution
Copper will utilise Fenergo’s tech to onboard “increasingly complex” client ownership structures.
FairMoney taps banking tech vendor Oradian to power next growth phase
Oradian’s account, finance and investment offerings are tailored to the needs of rapidly developing markets.
Video: Bain Capital at FinovateFall 2022 – Investment trends in fintech
We chat with Sarah Hinkfuss of Bain Capital to discuss where the smart money is being invested in fintech.
JP Morgan partners AI/ML platform Cleareye to digitise trade finance operations
The ClearTrade solution has been integrated into JP Morgan’s trade processing system.
Maslife partners Railsr to launch new financial and mental wellbeing app
The app is being supported by Mastercard and Checkout.com.
Nymbus and Citizens Bank of Edmond to launch niche bank for US military
The product will offer financial services designed to meet the needs of newly enlisted members of the military.
HSBC Ventures invests $35m in Monese
Monese will use the new funds to grow its cloud-based Platform-as-a-Service (PaaS) business.
How coopetition can boost financial inclusion in LatAm
An environment of coopetition between companies can further democratise access to financial services in LatAm.
European Central Bank picks five partners for digital euro initiative
Five front-end companies were chosen by the ECB out of 54 applicants.
Goldman Sachs and Modern Treasury partner for embedded payments initiative
Modern Treasury and Goldman Sachs Transaction Banking aim “to accelerate the shift to embedded payments”.
FinovateFall 2022: The key to successful partnerships in financial services
At this year’s FinovateFall, a group of industry experts tackled the topic of bank-fintech collaboration.
TD Bank and DailyPay team for real-time earned wage access
The partnership will allow the bank’s clients to give their employees access to earned wages before payday.
Standard Chartered trials duplicate financing prevention solution
The Trade Financing Validation Service is powered by fintech MonetaGo’s Secure Financing system.
How Etcho is aiming to help save the planet through conscious investing
Etcho wants to increase people’s knowledge and awareness of the global impact of their investments.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Belgium’s Puilaetco taps Abbove for digital wealth planning platform
Abbove hopes to expand into six countries including the UK if the Belgium pilot proves a success.
Europe fintech funding round-up: Ark Kapital, Credix and Nokkel
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Nigerian fintech Arca taps ThetaRay for AI-powered AML solution
Arca is the first Nigerian fintech to utilise ThetaRay’s Sonar solution.
Swiss digital bank Alpian partners Visa for new debit card
Alpian has plans for a full public rollout by the end of this year.
Blockchain trade finance platform Contour snaps up we.trade assets
The move forms part of Contour’s plans to launch a digital open account trade finance offering.
Credit Suisse sells global trust business to Butterfield and Gasser Partner
Both deals are expected to close in H1 2023.
St James’s Place taps AML regtech Napier for customer screening solution
Napier offers an AI-led platform for AML and trade compliance.
Banking hubs set to open in 13 locations across UK
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
UK’s Paysend appoints Wilhelm Rohde as group CFO
Rohde joins from Swisscard, a joint venture between American Express and Credit Suisse.
Finland’s Findynet Cooperative nabs €3m grant to build digital ID network
The self-sovereign identity network will ensure interoperability between digital wallets from different vendors.
ING and CCV app turns mobile phones into payment terminals
The app will be tested by Dutch department store HEMA from mid-September in three of its stores.
UBS, Wealthfront nix $1.4bn acquisition deal
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
Momentum Metropolitan taps Duco for no-code data automation solution
Momentum went live with Duco’s platform as part of a wider data automation strategy.
Danish fintech start-up Moneyflow lands €250m in debt financing
Moneyflow says the facility will help accelerate the rollout of its embedded finance services.
