Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
Innovation
Current’s new adult bank account sees strong growth
The challenger banking service started as a prepaid teen card.
Denver and Latin America form digital finance collaboration
Peru and El Salvador cooperatives join forces with US credit unions.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
Berkshire Bank commits to RTP with Global PayPlus selection
Massachusetts-based Berkshire Bank has chosen Finastra’s Fundtech-derived Global PayPlus for connectivity.
Core banking and core principles: getting to the future, from where you are today
It is now possible for us to be digital all the way down.
Webinar: don’t disrupt – avoiding the dangers of transformation
70% of digital transformation plans fail. Find out why in this upcoming Finovate webinar.
Rolling out a blockchain-powered insurance ecosystem
Read the latest InsurTech Rising 365 eMagazine with a specialist focus on blockchain in insurance.
Dave Banking launches checking account
The new US challenger bank offers interest-free advance and opportunity to build credit.
Refinitiv invests in BattleFin
BattleFin’s Ensemble marketplace will be integrated with Refinitiv’s desktop, Eikon.
Token lands $16.5m funding round
It will use the funds to build on its TokenOS open banking platform.
Cloud adoption: the future for the back office?
Peter Hainz of SmartStream investigates the power of the cloud.
Ask the expert: your questions on growing the business answered
How can I generate awareness of my fintech among potential investors and target clients with limited resources?
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
The greenfield approach: accelerating a new era of growth and innovation in insurance
The opportunity to drive change using the latest tools, methods, tech and partners.
Crypterium launches prepaid card
The Crypterium Card is loaded with cryptocurrencies and functions just like a traditional prepaid card.
IBM launches Hyper Protect Accelerator for pre-Series A start-ups
15 early-stage, pre-Series A start-ups from both fintech and healthtech will be selected for the program
Challenger banks in Canada: who’s who and what’s their tech
A comprehensive list of challenger banks and banking services in Canada and the tech they are using.
JP Morgan extends partnership with AccessFintech
This is the first custodian to collaborate with them on real-time transparency.
Symphony goes global to the tune of $165m funding
Standard Chartered, MUFG and other existing investors participated in the round.
Circle Pay shuts down
Circle Pay app accounts will undergo changes starting on 8 July 2019.
Sure secures $23.1m Series B funding
The funds will enable the company to scale-up its business.
Commercial banks are joining the API revolution
Ultimately, the power of APIs is not in the technology but in the vision behind that technology.
FinovateSpring 2019: focusing on the digital future of fintech
Three key takeaways from the event.
Paysend secures $4.2m crowdfunding for global expansion
The round hit its target in less than 72 hours.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Core modernisation is essential for truly digital banking
Banks have only to look at how innovators have transformed retailing and music to recognise this truth.
Banking Technology June 2019 issue out now
Beyond human. Dreaming of a fintech tomorrow.
Step receives $22.5m Series A funding
Challenger for teens’ waiting list has surpassed half a million people.
Impact investing can unlock the potential of blockchain in Africa
Blockchain can have an exponential positive impact on the lives of low income communities in Africa.
Visa forms strategic partnership with Western Union
The new collaboration will modernise global money movements for expedited cross-border money transfers.
Amaiz launches brand new banking app for entrepreneurs
It aims to release customers from time-consuming admin and paperwork.
ING joins project to create blockchain-based USC
The utility settlement coin will reduce exchange rate risks.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
MSB chooses SunTec to deliver customer-centric services
Aims to elevate customer engagement and personalisation.
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
Ask the expert: your questions on growing the business answered
How do I launch my company into new markets?
Why investors must stop hunting unicorn start-ups and start nurturing zebras
Balancing societal and investor wealth appeals to customers in the age of climate change and political awareness.
