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News
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.
Red Hat to be acquired by IBM in “game changing” $34bn deal
With the acquisition of Red Hat, IBM will become the world’s #1 hybrid cloud provider.
BGL Group acquires PFM app Bean
BGL will buy Saverd, the company behind personal finance management (PFM) app Bean.
Swych powers WeChat’s Travelex Pay for US shopping
Swych’s blockchain-based gift card technology will power Travelex Pay, offered by Travelex and WeChat.
UBS Wealth Management USA in wealthtech revamp with Broadridge
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
Hauck & Aufhäuser launches robo-advisor Zeedin
Zeedin was built together with digital banking tech vendor Crealogix.
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.
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.
Erste and Asfinag team for blockchain-based capital markets tech project
The first end-to-end digital issuance of a debt financing instrument in Europe via a blockchain platform.
Futrli lands £4m funding in Series A round
Futrli was born from its founder’s “own typical experience as a small business owner”.
ANZ and Moneythor partner for “financial wellness” venture
ANZ will implement Moneythor’s digital banking toolkit.
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.
First National Bank of Lebanon centralises compliance systems with FICO
FNB has migrated to the FICO Tonbeller Siron anti financial crimes suite.
Umpqua Bank sells fintech unit to banking tech firm Kony
Kony bucks status quo by acquiring tech from Umpqua Bank.
Purchasing Power takes over DoubleNet Pay
Financial wellness platform DoubleNet Pay has agreed to be acquired by Purchasing Power.
Daily News at Sibos 2018 – Day 4
All the latest news and analysis from Swift’s premier event of the year.
Webinar: Making the Most of PSD2 and Open Banking
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Sibos 2018: Need for speed – ML reducing fraud in real-time payments
“ML or decision science is key.”
Sibos 2018: AML struggles amidst new payment methods
Communication seems to be the theme, again.
Sibos 2018: The future of money – from product to experience
“The era of contextual financial services, where what you’re seeking finds you.”
Banking tech and lendtech vendor Sword Apak sold to Sopra Steria
Sword Apak will be merged into the Sopra Banking Software business.
Fintech Moven unveils global expansion plans
Taking Moven’s digital banking platform to banks worldwide.
Sibos 2018: Banks and crypto lovers battle it out
Joe Lubin, co-founder of Ethereum and founder of ConsenSys, has something to say.
Finn.ai raises $11m in Series A funding round
Canada-based developer of AI-powered virtual assistant tech lands $11m.
JP Morgan Chase teams with Plaid for open banking
Enabling account holders to safely share their financial data with third-party fintech applications.
EastNets shows off new AI-based fraud and money laundering tools
Combating money laundering and payment fraud.
Coronation first in South Africa live with SmartStream’s corporate actions tech
Coronation Fund Managers live with SmartStream’s TLM Corporate Actions OnDemand.
NCR steps into payments with $184m JetPay acquisition
NCR and JetPay anticipate “a smooth transition” for customers, channel partners and employees.
Deutsche Bank opens its tech to third parties
Working across commercial, corporate, investment and private banking divisions.
Temenos launches Centre of Excellence for AI
Banking software firm Temenos is ramping up its artificial intelligence (AI) capabilities.
Digital payments dawn as SmartStream unveils TLM Aurora
CEO: “The result of years of R&D and insights from clients and partners.”
Experian, FICO and Finicity launch UltraFICO Score
Three fintechs joined forces to create a new credit scoring technology designed for thin-file customers.
Daily News at Sibos 2018 – Day 3
All the latest news and analysis from Swift’s premier event of the year.
Accenture brings blockchain platforms together
Firm plays cupid with blockchain cuddle-fest.
Sibos 2018: China versus the West
High smartphone and social media penetration could be the keys.
Sibos 2018: Death of the cheque in RBA’s sights – finally
Australia’s New Payments Platform makes its mark.
Sibos 2018: Banks must have superpowers to solve financial crime
Dispelling the myth that tech will replace people when it comes to solving money laundering.
