Grab gets $50m funding from Kasikornbank
They also unveil GrabPay by KBank, a co-branded mobile wallet.
Partnerships
US community banks forge Alloy Labs Alliance
“No bank wants to be the next Sears.”
JP Morgan finds nice match in fintech Wematch
Trading tech firm Wematch will join in-residence programme.
CardFlight partners with Payscape for merchant base race
Payscape will offer CardFlight’s SwipeSimple tools.
Oracle and B-Hive call for fintech start-ups
Duo launches six-week programme for mature start-ups and scale-ups.
TransferWise teams with Dutch digital bank bunq
International money transfer specialist has a new partner in Dutch challenger bank bunq.
CredoLab and GoBear unveil credit solution for underbanked
Collaboration between alternative credit scoring specialist and personal finance comparison site.
Three UK and Meniga team for Wuntu Money app
Exclusive from Meniga’s FIN42 event in Iceland.
DTCC starts testing phase of blockchain platform
Project includes 15 of the world’s largest banks.
Openbank picks AxiomSL for regtech reporting
Includes central bank, trade and transaction reporting.
Emirates NBD debuts API sandbox
Says it’s the first bank in the UAE to introduce such a platform.
SPD Bank and Temenos unveil innovation lab
Partnership will enable Shanghai Pudong Development Bank to use APIs.
First blockchain securities exchange to launch in Mauritius
Mindex, GMEX Group and HYBSE team up for new platform.
Visa and Billtrust team to digitise US B2B payments with Business Payments Network
Visa and Billtrust have joined forces to develop Billtrust’s Business Payments Network (BPN).
N26 and Rasa to launch extra languages and features for its chatbot
N26’s chatbot is already live in English in both Facebook and Salesforce.
HSBC and ING in industry-first blockchain trade finance transaction
HSBC India, ING Bank Brussels, Reliance Industries and Tricon Energy experiment with blockchain.
Gusto teams with ScaleFactor to automate accounting for SMEs
Gusto business users can sync payroll and benefits directly with accounting and financial data.
Cyprus to unleash blockchain and fintech development
VeChain Foundation, Cream and Invest Cyprus will establish a blockchain framework for Cyprus.
European Banking Federation calls for reporting regulation review
Current regulation makes reporting inefficient and discourages communication, EBF says.
DBS Bank and Agrocorp to launch a supply chain blockchain platform
From Australian farmers, to Singapore and beyond.
Deutsche Börse and RegTek.Solutions join forces for regtech initiative
Certified testing and pre-validation service for clients of Deutsche Börse’s Regulatory Reporting Hub.
Lloyds customers leverages Open Banking for iwoca loans
Integrations with Barclays, HSBC, RBS, Santander and others are imminent, iwoca says.
How to unlock the potential of the growing cyber market
Insurers and start-ups have to work together to make the most of the growing cyber market.
Biz2Credit tech to provide online business loans to Popular Bank
Over half of business loans are processed online.
Central 1 and Backbase unveil new digital banking platform Forge
Alterna Bank and FirstOntario Credit Union are the first takers of Forge.
AbiLab and Italian banks to lead REDFin cyber defence initiative
Europe’s Readiness Enhancement to Defend Financial Sector (REDFin) project aims to protect banks from cyberattacks.
State Bank of India and Hitachi join forces for cards and paytech venture
JV to create a “state-of-the-art card acceptance and future ready digital payments platform” in India.
Sibos 2018 video: the importance of financial & tech media
What is the role of financial and tech media in the industry?
Sibos 2018 video: the importance of Sibos
So why do we like Sibos?
Sibos 2018 video: the future of finserv
Sibos 2018 delegates ponder the future of finserv.
UBS Wealth Management USA in wealthtech revamp with Broadridge
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
Deutsche Bundesbank and Deutsche Börse blockchain tests deliver promising results
The prototypes support the settlement of securities transactions and payments at the maturity of a bond.
Sibos 2018: trade finance for corporates is getting a major upgrade
Corporates must now make the decision whether to be a leader or a follower.
Top fintech stories this week – 26 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Yoyo Wallet lands $30m deal with Hard Yaka
UK payment and loyalty app Yoyo Wallet entered into a major partnership agreement.
BIAN unveils free digital API Exchange
An online digital library containing over 65 standardised API definitions.
PNC Bank teams with OnDeck to streamline SME financing
Offering digital business lines of credit up to $100,000 within one to three business days.
Sibos 2018 bank spotlight: Nordea – pole position
Nordea is actively positioning itself for a digital and real-time future.
Sibos 2018: partnership strategies to overcome digital disruption
Will digital disruption by dynamic technology natives undermine the legacy business models of traditional banks?
Sibos 2018 video: key takeouts – part 1
Summed up in this short and sweet video
