Libra cryptocurrency users face taxing problem
It is not clear how Facebook intend to solve this problem.
Data & Analytics
Almost half a million Monzo customers affected by data breach
The data leak allowed staff engineers access to PINs stored in encrypted log files.
Insurwave onboards Xceptor to digitise insurance documents
Xceptor uses AI to to extract and transform any type of data from any source.
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
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CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
FNA raises $5.5m for AI-driven regtech
The firm collaborates with regulators manage financial risks.
Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
PayTech Awards 2019 in pictures
Celebrating excellence and innovation in the payments industry and people who make it happen!
Moody’s acquires fintech RiskFirst
The acquisition will boost Moody’s Analytics’ offering.
Banking Technology Awards 2019 are open for entries
The Early Bird 10% discount deadline is 31 July 219, the awards close for entries on 31 August 2019
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Busey selects Jack Henry to support growth
The SilverLake System is believed to be replacing CSI’s NuPoint.
Morgan Stanley and Box launch document sharing portal
The platform promotes communication between financial advisors and clients.
Blockchain ID management firm Trusted Key bought by Workday
Trusted Key will bring its blockchain-based, digital identity management technology to Workday.
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
Focus on what’s important – and leave the rest to us
Smartstream’s platform takes the operational & regulatory responsibility of payments off your back.
Urban FT acquires CFC Technology Group
The pairing aims to tilt the playing field for community-based institutions.
Thomson Reuters acquires HighQ
It enhances their aim of providing more cloud-based software for legal professionals.
Temenos acquires AI firm Logical Glue
It claims to bring transparency and explainability of AI automated decisions to the banking industry.
Separating the wheat from the chaff
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Near raises $100m for new platform offering
The investment comes from PE firm, Greater Pacific Capital (GPC).
PayTech Awards 2019 winners announced!
Celebrating excellence and innovation in the payments industry and people who make it happen.
Flybits lands $35m in Series C round
Investors include Point72 Ventures and Mastercard.
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NLP software firm RiskGenius closes Series B round
The company provides NLP processing tools for the insurance industry.
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Video: fintech news weekly round-up – 15 July 2019
More top fintech news, in video format!
SGX upgrades to Nasdaq’s multi-matching trading engine
The tech provides “a more robust and efficient platform”.
White paper: The architect’s guide to digital core banking in the cloud
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Turing Technology completes second funding round
Following the release of CryptoMood, an AI market data analysis tool.
TreasurySpring launches Fixed-Term Fund platform
The platform provides a digital pipeline for the wholesale money markets.
IOWA.rocks signs specialist deal with Numerco
Users will have access to nuclear and marine distillate DMA fuels content.
HSBC launches multicurrency virtual account for treasury
Available in the UK, USA, Hong Kong and Singapore.
Uncorking the corporate payments bottleneck
One reader digested Leda’s food for thought and has something to say about it.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
