Two new next-gen banks to open in the US
Piermont Bank and Nexos National Bank.
North America
New Medici Bank to harness technology to “reawaken” innovative spirit
A descendant of the Medici family sees future in Puerto Rico.
Top fintech stories this week – 10 May 2019
Deutsche Bank picks Red Hat, Orange acquires Secure Link, and much more!
Fintechs, there’s a tsunami coming; do you hear the sirens?
And I will be able to pay for a surfboard with my new Apple Card.
FinovateSpring 2019: Best of Show winners unveiled
This year’s Best of Show winners are truly in a class of their own.
Bank of America ponders scrapping paytech venture with First Data
The joint venture, Bank of America Merchant Services, accounts for 10-12% of First Data’s revenue.
Video: fintech news weekly round-up – 09 May 2019
This week, Mastercard, Facebook and many more!
Royal Banks of Missouri adopts POPi/o video banking
Community bank is an early adopter of collaborative video banking.
JP Morgan picks Bora to automate SUA B2B payments
Bora to provide advanced payment processing technology.
IBM chosen to support Canada’s RTGS platform
Lynx is part of Payments Canada’s multi-year modernisation initiative.
Hughes FCU picks Fiserv to go digital
It will also allow it to quickly implement new capabilities.
Supplement: FinovateSpring 2019
Read our free FinovateSpring Supplement, packed with fintech goodness!
Mastercard acquires Transactis to boost Bill Pay Exchange
Transactis makes digital payment services available to small businesses.
Three Canadian credit unions take Fiserv DNA
These are Carpathia Credit Union, Estonian Credit Union and Parama Credit Union.
First Hawaiian stays with FIS but switches core systems
This comes despite the bank signing in 2015 with FIS’s fellow US heavyweight competitor, Fiserv.
Pacific National to launch digital bank on Nymbus Banking-as-a-Service platform SmartLaunch
The bank hopes to be able to launch within 90 days.
JP Morgan and Microsoft join forces for enterprise blockchain push
Quorum to be made available through Azure Blockchain Service.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Refundo to return tax refunds in Bitcoin
Thanks to a recent partnership with BitPay.
Top fintech stories this week – 3 May 2019
May issue is out!
RPA firm UiPath closes $568m funding round
Company’s post-money valuation has grown from $110 million to $7 billion.
Blockchain-based ID verification system goes live in Canada
SecureKey’s Verified.Me is backed by several major financial institutions.
Indio Technologies brings digital to insurance with $20m funding
The company has raised over $30 million in total.
Digital Assets Data to enhance crypto data insights with $6m funding
The firm targets crypto hedge funds, family offices, asset management research firms
Expense management app Divvy closes $200m funding
It’s the third funding round for the firm in under a year.
Seacoast chooses Talend’s data quality and compliance solution
Talend Data Fabric has streamlined review processes.
Citi launches NextGen AI compliance project
In partnership with EY and SAS.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
Metro Credit Union in major tech revamp with COCC
The credit union embarks multi-year project to make major strategic investments in tech.
FIS, Fiserv and Infosys compete for Robinhood’s core banking tech deal
FIS, Fiserv or Infosys will be providing core processing software to Robinhood Bank once it receives authorisation.
Equifax acquires PayNet to boost SME credit access
PayNet CEO says deal will support “Main Street American business”.
Meed Banking Club launches in the US with member exclusives
Leveraging banking services at Vast Bank, which itself is going through a major tech revamp.
Regions Bank taps IBM for AI-driven customer service
IBM’s Watson can help both employees and customers.
Top fintech stories this week – 26 April 2019
Figure Eight acquired by Appen, T-mobile launches checking account, and RBS’ digital bank picks Mambu.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
Avant settles FTC unfair loan servicing charges for $3.85m
The online lender faced multiple charges of “deceptive” practices.
SoFi could secure Qatar investment for $500m round
Details of the deal are yet to be finalised.
SoFi goes insurtech with Lemonade and Root
Until this month, SoFi’s insurance offering was limited to life insurance.
LendingClub shuts down SME lending arm
And redirects to alternative businesses.
