SME lender Kabbage to acquire fellow lendtech Orchard
Small business lender Kabbage is rumoured to be acquiring lending platform Orchard Platform Markets.
News
Citizens Bank in trade finance tech revamp with Finastra and Infosys
On the way out is CSI’s Banktrade trade finance system.
Diamond Bank sells UK subsidiary to industrialist Sanjeev Gupta
To be renamed as British Commonwealth Trade Bank (BCTB).
Top fintech stories this week – 27 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Appian World 2018: blockchain and the art of anticipation
A final analysis of the low-code application provider’s event in Miami.
First global corporate loan transaction on blockchain completed by BBVA and Indra
The pilot enabled the closing of a €75 million loan using a DLT-based solution.
Avaloq takes 10% stake in blockchain firm Metaco
Core banking software vendor Avaloq muscles into blockchain space.
Revolut lands $250m funding
One of the fastest tech companies in Europe to reach unicorn status: now valued at $1.7bn.
PayTech Awards 2018: tips on how to write a winning entry
The entry deadline is Friday, 4 May.
TSB vows to put things right
No customer will be left out of pocket as a result of the IT issues, TSB assures.
Milestones reached in Nordea’s tech overhaul
Savings and deposits now done on the new core banking platform, Temenos’ T24.
Payworks teams up with fellow paytech in Ghana, Hubtel
Payworks is working with Ghana’s Hubtel to enable merchants in the African nation to accept payments via their Hubtel POS app and EMV credit card reader, reports David Penn at Finovate. The two companies have been collaborating since the beginning of the year, integrating Payworks Pulse payment gateway technology to make Hubtel the first fully […]
Expensify and Wells Fargo team for deeper bank integration
Wells Fargo will pilot Expensify’s deeper bank integration programme.
Deserve raises $50m in debt financing
Deserve secures a $50 million debt facility from Keystone National Group.
Life is a glitch: more IT outages at banks in UK and Ireland
TSB and Ulster Bank are not having a good time with their tech.
Banking Technology Awards 2017 shortlisted for Conference Awards
We’re up for Best Event Linked to a Publication Award!
Appian World 2018: Miami nice for drag and drop
A look at the low-code application provider’s event in Miami.
RBS to launch “beta” of new digital bank in Q3
RBS is building a new digital-only bank.
Unison sees 1,000% year-on-year growth in originations
Also launched in ten additional states across the US.
Arvato Financial Solutions invests $8m in SecuredTouch
Bringing the company’s total funding to $11.5 million.
Draft of US faster payments governance framework unveiled
Stakeholders encouraged to comment over next 60 days.
Saxo Bank to move full tech stack to Microsoft cloud
Saxo Bank and Microsoft announce a “strategic partnership”.
Intesa Sanpaolo Private Bank swaps ERI’s Olympic for Avaloq’s core banking tech
The new system installed on a Business-Process-as-a-Service (BPaaS) basis.
Appian unleashes contact centre platform for financial services
An “orchestration of the human and robotic elements of service”.
Appian and KPMG expand AI alliance
All in the name of the “intelligent automation” game.
CFTE launches AI in Finance online course
Giving financial professionals a good grasp of the emerging tech shaping the industry’s future.
Secure Trust Bank in regtech project with Jaywing
Jaywing’s Echelon will automate commercial IFRS 9 processes at Secure Trust Bank.
Nets, Fingopay and Copenhagen Business School pilot finger vein payments
Pay with the touch of a finger.
Stanbic Bank Zambia in regtech automation with BankBI
Stanbic Bank Zambia chooses cloud-based BankBI for regulatory reporting.
Infographic: intersection of AI and blockchain
The convergence of artificial intelligence and blockchain.
HooYu brings KYC tech to gold-as-currency enabler Glint
The appeal of gold as an investment remains strong.
HSBC live with Swift gpi
160 banks worldwide have signed for Swift’s global payments innovation (gpi).
R Bank signs for Fiserv’s Premier core banking tech
R Bank, a new community bank in Texas, is moving to Fiserv’s Premier core banking system.
UAE and China to create new “Belt and Road” exchange
It will serve as a key international capital-raising platform for Chinese firms.
Regtech start-up ClauseMatch lands £3.6m funding
ClauseMatch raised £3.6 million ($5 million) from Index Ventures and other investors.
FairFX posts first full year profits
CEO of FairFX describes the year as “ground-breaking” for the company.
Nubank turns to Acesso Digital for facial biometrics tech
Brazilian fintech Nubank leverages facial biometrics to help combat credit card fraud.
NBC and JP Morgan test debt issuance on blockchain
Consultancy firm Synechron provided business and technology consulting for the project.
FNB to launch m-wallet for South Africa’s underbanked
FNB estimates the size of the market for its m-wallet service at over 11 million people.
DFS Lab and Gates Foundation invest in four African fintech start-ups
Four start-ups received $200,000 funding from DFS Lab, supported by Bill and Melinda Gates Foundation.
