NCR acquires D3 Technology
It can now provide on-premise solutions built for the needs of LFIs.
North America
Silicon Valley Bank lends $300m to innovative Irish companies
It will bring the total amount brought to the Irish market to $500m by 2024.
Cobalt Credit Union adopts video banking with POPi/o
The two-way technology offers a virtual branch experience.
Former Equifax CIO jailed for insider trading
Jun Ying sold his shares before a data breach was made public.
Banking tech heavyweight Jack Henry acquires PFM firm Geezeo
The two companies say they’ve been “strong business partners” for years.
DXC and Zafin form core systems partnership
This aims to bring product and pricing control solutions to Hogan and Celeriti users.
Proven Wealth becomes ERI’s first customer in Jamaica
The wealth management firm currently uses the Microgen-derived 4Series platform.
Manulife Bank deploys Kasisto’s AI chatbot
Talk with a robot for all your banking needs.
Pineapple Payments acquires CardChamps portfolio
Both firms are based in Pittsburgh, Pennsylvania.
Arival takes step closer to US banking licence
The fintech has launched a $3 million crowdfunding campaign.
Metro Bank selects Artesian’s KYC solution
Data-driven automation of KYC and risk, aims to improve onboarding processes.
JP Morgan and StatPro form strategic alliance
The five-year partnership will develop risk and performance attribution capabilities.
Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
Desjardins announces internal security breach
The personal information of 2.9 million members was disclosed.
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.
Celero acquires Elmhurst and Tandem
The acquisitions add distribution and tech-focused organisations to its financial institution partners and merchants.
Xero and Stripe team up to help small businesses get paid faster
A champion move to help small businesses (SMBs) get paid faster and give them more options on how they get paid.
Berkshire Bank commits to RTP with Global PayPlus selection
Massachusetts-based Berkshire Bank has chosen Finastra’s Fundtech-derived Global PayPlus for connectivity.
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.
MoneyGram agrees $50m partnership with Ripple
The strategic partnership will have an initial term of two years.
Canada’s Stack teams up with Payment Source
The partnership aims to target millennials.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
CGI makes £78.9m all-cash offer for SCISYS
The deal would expand CGI’s reach in European space and defence markets.
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.
Bento unveils Venmo-style digital payment solution for SMEs
Bento Pay will only require the payee’s email address in order to send payments.
SecurityScorecard continues growth with $50m funding
The company has raised a total of $110 million to date.
Brex raises $100m to reach $2.6bn valuation
In an extension to a Series C round launched in October.
Sure secures $23.1m Series B funding
The funds will enable the company to scale-up its business.
Swift calls for industry collaboration to improve FX efficiency
Greater automation and better use of standards would benefit the FX market.
The real-time data conundrum facing banks
Unlike digital natives, incumbent banks are stuck with legacy systems. But are these firms ready for change?
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
CloudBees acquires Rollout to ease feature deployment
Targeting the continuous integration/continuous delivery (CI/CD) market.
SME payments firm SpotOn to build on growth with $40m funding
The fintech has grown by more than 400% in 12 months.
FinovateSpring 2019: focusing on the digital future of fintech
Three key takeaways from the event.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
