Life’s Alight for Wipro with $1.5bn deal
Indian firm reveals record ten-year deal with Illinois-based Alight Solutions.
News
Australia’s banks turned on by Osko for new payments platform
After a six-month delay, Westpac and ANZ are now rolling with it.
UK start-up Tailord to launch fitting fintech products
Will offer a payments ring, online account and cash loading.
ING feels sting of €775m fine for money laundering mishaps
Dutch bank says its “shortcomings enabled customers to misuse accounts”.
Hungary’s instant payments system to go live in 2019
GIRO and Nets say system will go live on 1 July 2019.
Insurtech Sagittae targets risk sharing on blockchain
Dutch firm offers peer-to-peer financial protection.
Contis gets UK consumer credit licence with Paze acquisition
Also gets a consumer lending system with AI analytics.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
TSB CEO goes as banking woes linger
After seven years as CEO, Paul Pester will leave the bank.
Foxconn and friends form $100m VC fund in US
Wisconsin business community gets some love and (more importantly) money.
EasyMoney hooks up with HooYu for identity verification
Since the integration of P2P lending, EasyMoney needs to up its KYC and AML game.
Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Wealthtech Sarwa raises $1.3m in funding
Automated and human investment advice catching on.
Deutsche Börse sets up DLT and crypto unit
Also makes an initial investment in HQLAx.
Infographic: Open Banking – progress update
Courtesy of the Open Banking Implementation Entity (OBIE).
MUFG rolls out MIT’s TRAC collateral management system
Will support bank’s commodity trade finance team in London.
Starling launches Nearby payments and insurance advice
Partnerships with Google and Anorak have made this possible.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
HKMA receives 29 applications for virtual licences
Only ten might meet all requirements.
Funding Circle plans to raise £300m in IPO
Lending platform’s plan was first revealed in January. Now it’s official.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Warren Buffett’s Berkshire Hathaway invests $300m in Paytm
Berkshire joins Ant Financial, SoftBank and Alibaba as investors.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Banking Technology September 2018 issue out now
Elements of fintech, pure in substance.
Scotland’s DataVita secures £4.6m funding from Santander
Data centre and cloud services provider not short of bread.
Rakuten acquires crypto exchange Everybody’s Bitcoin for $2.4m
Japanese e-commerce firm might get everybody talking.
Bank of America closing immigrants’ accounts
The bank is reportedly demanding an update in residence documents.
Australian challenger bank Tyro ties up with Alipay
Says it’s the first Australian bank to integrate with Chinese paytech titan.
Wirecard Brazil widens payments scope
Everyone wants to become more attractive in Brazil.
Fiserv flaw exposed customers’ banking data
The flaw (now fixed) reportedly affected hundreds of banks.
Line launches cryptocurrency Link
Japanese firm says it will not make an initial coin offering.
Bangkok Bank calls for banging fintech start-ups
Bank is egged on by Nest to drive Thailand’s ecosystem.
Cybercrime crew Cobalt goes phishing in Eastern Europe
Cyber researchers at Netscout put out a warning.
Financial crime fighters unleash intelligence sharing platform in UK
Acronyms assemble! PIMFA and FCI launch PIMFA-AECIS platform.
Finastra sittin’ on the dock of the Bahrain FinTech Bay
Vendor looks for fintech action in the Middle East.
Bank Simpanan Nasional to complete move to ICBS core system
Malaysian bank gets ready for phase two of major tech migration.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wonga goes bust
It’s now official. UK payday lender enters administration.
Terra firmly raises $32m funding for digital money ambitions
Plans to copy models of payment platforms like AliPay and PayPal.
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
