Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
Partnerships
MoneyGram makes another move into South Korea
The remittance firm wants a “leading” position in South Korea’s P2P remittance market.
Railsbank signs on Hong Kong fintech Statrys
Open banking platform continues expansion in Asia.
Samsung chooses Curve to power its new Samsung Pay Card in UK
This is a one of a kind partnership for Curve and Samsung.
Santander’s Asto offers loans to SMEs on Funding Options
The bank joins a roster of more than 200 lenders.
Credit Sesame’s banking service uses i2c payments platform
More than 200,000 users have opened a Sesame Cash account.
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Clearhaus provides payment rails for PaynoPain
Both firms entered the market in 2011 to bring APIs to payments.
Mambu inks partnership with Google Cloud
Technology firm will host its platform on Google infrastructure.
Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Caixa Geral de Depósitos plans treasury revamp with Finastra
Portuguese lender picks a handful of Finastra systems.
Friends in low places
If you want something done in a bank you don’t need friends in high places. You need friends in low places.
Icelandic challenger bank indó selects Enfuce
The challenger is gearing up for a launch later this year.
Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Klarna dips its toe in the savings market with Raisin
Offerings range to terms of up to 48 months.
Video: Coforge – harnessing emerging tech and deep domain expertise in financial services
Digital services, intelligent automation, data & analytics, cloud & infrastructure – engage with the emerging!
Indian SME fintech Zaggle partners with Visa to launch ‘Founders Card’
Both firms want to speed up access to credit for SMEs.
Mobile banking platform Vivid Money launches in Germany
The challenger is working with solarisBank and Visa.
US and French regulators team up to ease fintech market entry
Both regions want to boost their statuses as financial technology hubs.
Why collaboration and partnerships will beat the fraudsters in open banking
It’s therefore important for banks to make sure they are dealing with legitimate and regulated TPPs.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
MoneyGram signs remittance partnership with Al Rajhi Bank
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
Taiwanese challenger Next Bank to launch this year on Temenos
Chunghwa Telecom owns a 41.9% stake in Next Bank.
Landesbank Berlin to develop commercial card programme with SIA
German bank will launch co-branded accounts using SIA platform.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
BNP Paribas Fortis signs up Worldline for WL Contact system
Belgian bank looking to improve contact centres with Worldline system.
Omega Federal Credit Union deploys Episys on the cloud with MDT
Pennsylvania credit union looks for flexibility with new system.
Santander deploys ThetaRay’s AML solution for correspondent banking
The roll out of ThetaRay’s solution across Santander began in Q4 2019.
On getting a job, but finding love. Every bloody time.
I don’t know how to not care.
Conductor selects ACI Worldwide systems for Latin America expansion
Brazilian card processor already claims three new customers.
Appway raises $37 million in equity funding from Summit Partners
Lifecycle management firm secures first external capital raise.
Truelayer signs payment initiation deal with UK government
The open banking firm has been added to the Payment Acceptance Framework.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
Transact Bank partners with telehealth start-up Hopdoc
Transact Bank’s parent company Transact Pro will facilitate the payments.
iSignthis drops $1m on NSX shares to further rival ASX
The company’s subsidiary Probanx Solutions has bought 16.5 million NSX shares.
JP Morgan integrates Bloomberg’s AIM in post-trade partnership
Two firms hope that post-trade processes can be “transformed”.
Equifax and HooYu sign KYC and onboarding partnership
Equifax clients will be able to use HooYu UI and UX tools going forward.
TSB partners with Adobe and saves on 15,000 branch visits
The bank has spent 8 weeks digitising 80,000 customer interactions.
