Bank of America ponders scrapping paytech venture with First Data
The joint venture, Bank of America Merchant Services, accounts for 10-12% of First Data’s revenue.
Partnerships
Video: fintech news weekly round-up – 09 May 2019
This week, Mastercard, Facebook and many more!
NatWest becomes first UK partner for open banking platform Tink
Swedish fintech will add personalisation to the bank’s mobile banking.
Five imperatives to help you scale your fintech
Practical advice for any fintech wanting to accelerate growth.
Royal Banks of Missouri adopts POPi/o video banking
Community bank is an early adopter of collaborative video banking.
JP Morgan picks Bora to automate SUA B2B payments
Bora to provide advanced payment processing technology.
Supplement: FinovateSpring 2019
Read our free FinovateSpring Supplement, packed with fintech goodness!
Banking Technology May 2019 issue out now
Fintech with flourish. It blooms and blossoms.
To keep bigtech at bay, banks should see fintech as friend, not foe
In the face of mounting competition, financial institutions must go a step further to stand out from the crowd.
Pacific National to launch digital bank on Nymbus Banking-as-a-Service platform SmartLaunch
The bank hopes to be able to launch within 90 days.
JP Morgan and Microsoft join forces for enterprise blockchain push
Quorum to be made available through Azure Blockchain Service.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
Blockchain-based ID verification system goes live in Canada
SecureKey’s Verified.Me is backed by several major financial institutions.
Open banking: why the revolution is behind schedule
The transformation is underway – it’s just slower and less extensive than many envisaged.
Ixaris partners with Banking Circle on cross-border payments
The partnership aims to support the travel industry.
DIT pilots to support UK fintech international expansion
Two bridge pilot programmes with Australia and Hong Kong.
New national network launched to connect UK fintechs
Innovate Finance, FinTech Scotland and FinTech North are behind the initiative.
Sberbank Croatia turns to Token for open banking move
Token is seeing an increased interest for PSD2 solutions in the region.
ALTO taps ACI for Indonesian alternative payments growth
ACI will provide its UP Retail Payments solution.
FIS links up with Visa
A new tool for the FIS clients to process high-value corporate, cross-border payments.
Tink teams up with Mash
The company plans to use Tink to improve the onboarding process for new users.
Seven fintech firms join forces with Nationwide to address financial capability issues
EXCLUSIVE. Nationwide talks about its Open Banking for Good initiative and the selection of fintech partners.
US modern card issuer Marqeta signs first Europe deals
Partnerships with companies in France, Scandinavia, Spain and Switzerland.
Unite Global now licensed to issue WOCU currency for banking
EXCLUSIVE. The WOCU currency aims to challenge the dollar-mandated status quo in trading.
WorldRemit launches international transfers to UnionPay cards
It has been enabled by a partnership with Merchantrade.
SoFi goes insurtech with Lemonade and Root
Until this month, SoFi’s insurance offering was limited to life insurance.
Standard Chartered gets customer experience revamp with Avaya
The bank will implement the Avaya OneCloud Private solution.
Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
Video: fintech news weekly round-up – 23 April 2019
Facebook, Stripe, and Europe’s biggest IPO.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Coinbase launches crypto Visa debit card in the UK
A European version will follow later this year.
2gether’s prepaid crypto Visa card launches across eurozone
Follows successful beta launch in Spain.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
EvoNexus launches incubator backed by RBC and Franklin Templeton
It will launch in May 2019 in San Diego.
PayTech Awards 2019: meet the judges!
Deadline to enter the Awards is Friday, 12 April!
NIIT Technologies to acquire Whishworks
Specific terms of the deal have not been disclosed.
Standard Chartered gets its head in the open banking game
This means the launch of three initiatives to incentivise partnerships and innovation.
Sustained innovation: fintech comes of age
Fintechs don’t have to be disruptive to be innovative.
Neos pairs with US insurer to offer customers smart home tech
American Family Insurance thinks smart home technology will reduce claims.
Video: fintech news weekly round-up – 8 April 2019
Africa Fintech association, City watchdog’s orders, and a new blockchain alliance!
