Bahrain to raise $100m for fintech ventures
Will be complementary to an already-existing $100m fund of funds.
News
Broadridge intensifies interest in Israel
Digital centre of excellence follows ActivePath acquisition.
Russia’s Alfa Group plans to create online insurer Mango
Several million dollars invested in insurance start-up.
Nexo Standards Annual Conference: equality and fraternity
Paytech news from the Paris show.
Banco Sabadell acquires online payments firm PayTPV
Spanish bank’s investments keep growing.
Nacha acquires Business Payments Directory Association
The union seeks to improve B2B payments in the US.
Eximchain unveils supply chain platform on blockchain
Teams with YOOSourcing and Enigma for launch.
Emirates NBD to launch chat banking via WhatsApp
Bank says it is first in region to integrate its core systems with WhatsApp.
Credit Karma goes for insurtech
US firm unveils plans for an auto insurance comparison tool.
Larky lands three new credit unions
Oh what larks! Loyalty and engagement platform provider makes new friends.
Haufe Group takes stake in German challenger bank Kontist
Berlin-based firm also gets Series A funding.
we.trade teams with three former Batavia consortium banks
CaixaBank, Erste Group and UBS join as shareholders and partners.
Dutch banking takes courage from cybercrime exercises
ING and friends mimicked WannaCry ransomware attack.
ConsenSys drums up $6.5m blockchain funding for DrumG
Former R3 founders to build their first banking solution on Ethereum.
Lemon Way taps Barclays for UK corporates
“The UK is the most mature market in Europe for crowdfunding and P2P lending.”
DAVO gets tooled up with new funding
Round was led by Anania & Associates Investment Company.
Salt Edge serves up open banking infrastructure for testing
Now available for testing by third party providers.
Volante’s paytech to support PSD2 and open banking at QIB UK
Qatar Islamic Bank UK will implement Volante’s VolPay Channel: Open Banking and Token.
Featurespace foils fraud for Danske Bank
The bank keeps looking to fintech companies for its expansion plans.
Canada edges to open banking
Government looking at the trends with benefits.
SoftBank takes the internet out of IoT
Users can transmit data to devices without allocating an IP address.
PwC acquires FSCom’s regtech solution
Consultancy firm now owns KYC-Pro.
India’s largest crypto exchange Zebpay has its day
Stops trading due to regulatory pressures from RBI.
Italian bank project pushes on from blockchain front line
Second phase kicks off for 14 banks and Italian Banking Association.
Unite trade union can’t stop RBS branch closures in Scotland
Only two branches survive the stay of execution.
ICS Financial Systems and Arab Jordan Investment Bank complete blockchain PoC
PoC done via ICS Banks Blockchain Adapter.
FCA fines Tesco Bank £16.4m for failures in 2016 cyberattack
Regulator cites deficiencies in debit card design and lack of care.
ANZ New Zealand launches Google Pay
goMoney Wallet to be phased out.
Banque de l’Habitat in tech overhaul with Temenos
Tunisia’s Banque de l’Habitat (BH) has signed for Temenos’ T24 core banking system.
Vermont FCU enhances banking experience with Gro Solutions
Vermont Federal Credit Union will streamline online deposit and loan account opening.
Tatra Banka enables account opening with a selfie
Tatra Banka has automated customer authentication and onboarding process with Innovatrics’ DOT.
More downtime for UK’s TSB, HSBC and Barclays
Mobile and internet banking seems to be the issue this time.
Australia’s big banks slammed for greed and dishonesty
Royal Commission roasts them in its interim report.
Societe Generale acquires French fintech Treezor
The firm provides core banking, ID verification and card services.
Cameroon’s Afriland First Bank upgrades to Temenos T24 core system
T24 will replace Sopra Banking Software’s Amplitude system.
Goldman Sachs leads $25m funding in blockchain paytech Veem
Veem living the dream with its payments platform plan.
India’s fintech firms fight against Aadhaar restrictions
They want access to the biometric database to verify customers.
Avoka invokes app digitisation for First Tech FCU
Digitises account opening for more than 40 offerings at US credit union.
Top fintech stories this week – 28 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Alibaba enters Banking Circle for shapely payments
Tech titan will use infrastructure and network.
