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Finastra acquires banking app provider Malauzai

It just keeps getting biggerBy Antony Peyton for BankingTech.com

Finastra has acquired digital banking provider Malauzai to bolster its presence in the US retail and business banking sectors for credit unions and community banks. (more…)

Deals, Hotnews

June 19, 2018

Money20/20 Europe: key takeaways

Martin Whybrow sought out the trends and key issues when the Money20/20 Europe circus rolled into Amsterdam this week. (more…)

Government activities, Hotnews

June 9, 2018

233

TransferWise nets first big EU bank customer

France’s second-largest bank, BPCE Groupe, is to become the first in Europe to directly integrate with TransferWise to offer mobile money transfers to its 15 million customers. (more…)

Banks, Global trends, Hotnews, Remittances

June 4, 2018

227

N26 now has 1 million customers

You don’t sign up to a bank account every day. And yet, German startup N26 has managed to attract 1 million clients across Europe. They generate €1 billion in transaction volume every month ($1.17 billion). (more…)

Hotnews

June 4, 2018

253

Goldman Sachs leads $250m Tradeshift funding round

Supply chain finance outfit Tradeshift has joined the unicorn club after closing a $250 million Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board. (more…)

Banks, Fintech news, Global trends, Hotnews

May 30, 2018

240

Ant Financial signs third Chinese bank technology deal

Ant Financial, the financial services spin-off of e-commerce giant Alibaba, has added another string to its bow, signing its third deal this month as a strategic technology supplier to the Chinese banking industry. (more…)

Global trends, Hotnews

May 30, 2018

546

Rakuten invests in UK payments group Azimo

Move reflects fast-growing market for challengers to traditional way of sending money

(more…)

Fintech news, Global trends, Hotnews

May 29, 2018

240

Tandem reaches 100,000 clients, signs for Form3 paytech

UK-based challenger Tandem says “100,000 Brits are now using the bank to spend, save, and manage their money”. (more…)

Banks, Hotnews

May 29, 2018

297

WeInvest Raises $12.3 Million for its WealthTech Platform

By Julie Munh for Finovate

B2B digital wealth management solutions provider WeInvest has taken in an investment of its own today. The Singapore-based company just closed on $12.3 million in Series A funding. (more…)

Fintech news, Global trends, Hotnews

May 28, 2018

389

Adyen confirms plans for IPO

Payments processor Adyen is chasing a $9 billion valuation after confirming its intent to sell 15% of its shares in an IPO on Euronext Amsterdam. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 25, 2018

468

Equifax works with HSBC on Open Banking credit applications

By Equifax,

HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. (more…)

Banks, Credit scoring, Hotnews

May 18, 2018

390

Revolut expands payments feature to friends nearby

By Revolut

Sending and requesting money is one of the most popular features among Revolut users, and we’ve just made it even better. (more…)

eWallets, Fintech news, Global trends, Hotnews, Mobile-first banks

May 16, 2018

413

Morgan Stanley to offer market insights on Alexa devices

 

Morgan Stanley is to offer voice-powered market insights and investment ideas available to clients using all Alexa-enabled devices.

Listeners will be able to tune in to timely insights drawn from Morgan Stanley’s Equity and Fixed Income Research as well as podcasts and other original content.  (more…)

Banks, Fintech news, Global trends, Hotnews

May 16, 2018

Prosper Announces First Quarter of 2018 Results: Loan Originations Up 27% Year-over-Year & More Than $2 Billion of Co-Sponsored...

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product and stable funding. (more…)

Fintech news, Global trends, Hotnews

May 16, 2018

260

Circle raises $110 million (or 13,300 BTC)

By Romain Dillet for TechCrunch;

Cryptocurrency startup Circle has raised a $110 million funding round, which values the company near $3 billion. Cryptocurrency mining company Bitmain is leading the round. (more…)

Blockchain, Cryptocurrencies, Hotnews

May 16, 2018

372

Robinhood raises $363m for $5.6bn valuation

Fee-free stock trading app Robinhood has seen its value soar to $5.6 billion after closing a $363 million Series D funding round led by DST Global. (more…)

Global trends, Hotnews

May 11, 2018

332

Visa and PayPal extend collaboration pact to Canada

By Visa

Visa (NYSE: V) and PayPal (Nasdaq: PYPL) today announced an extension of their strategic partnership to Canada that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in Canada. (more…)

Hotnews

May 11, 2018

Credorax launches innovation lab to take on transaction fraud

By Credorax

Credorax, a leading technology company turned licensed European bank, today unveiled the Credorax Innovation Lab. Designed to solve online payment issues faced by merchants, the Innovation Lab works with partners to develop solutions which utilise the power of AI, data science, payment fraud prevention techniques and technologies. (more…)

Hotnews, Payment processors/providers/gateways

May 10, 2018

455

Open Banking Nigeria partners Open Vecto on API standards

By Open Banking Nigeria

As part of a global alliance, Open Banking Nigeria has entered a strategic partnership with Open Vector to jointly develop the Open Banking Nigeria API standards and for Open Vector to assist in shaping and delivering this initiative. (more…)

Global trends, Hotnews

May 3, 2018

392

Square to buy website builder Weebly

By Square

Square, Inc. (NYSE: SQ) has entered into a definitive agreement to acquire Weebly. Square will pay a mix of cash and stock of approximately $365 million, which includes Square restricted stock units for Weebly’s founders and employees that will vest over four years subsequent to closing. (more…)

Deals, Hotnews

April 29, 2018

688

Icici Bank launches digital application form for opening current accounts

By ICICI Bank,

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a digital application facility on smartphones and tablets, that enables bank officials to open current accounts of self-employed individuals and businesses swiftly in just a few hours, in comparison to an industry average of a few days. (more…)

Banks, Deals, Hotnews

April 20, 2018

505

Kabbage Quiet as Rumors Grow Over Potential Orchard Acquisition

Bloomberg and other sources are reporting that small business lender Kabbage will acquirelending platform Orchard. The firm, which boasts the support of former Citigroup and Morgan Stanley bosses Vikram Pandit and John Mack, provides information on the marketplace lending industry to Wall Street companies. No terms have been made available and neither Kabbage nor Orchard Platform Markets have commented on the potential acquisition. (more…)

Deals, Global trends, Hotnews

April 16, 2018

The World is Going Cashless & Digital Challenger Bank Revolut Wants to Lead the Way

Cash is king no more. Today’s society is all about mobility and the digitization of all forms of finance. How consumers spend and manage their money has changed dramatically in recent years and that pace of change is accelerating. Revolut is a new breed of banks that has replaced the corner branch with a robust smartphone app that reduces cost while providing superior services. Revolut has grown rapidly, jumping from zero to 1.5 million users in less than three years. A cashless (or at least less cash focused) is near and according to Revolut co-founder and COO Vlad Yatsenko, Revolut is going to lead the way. (more…)

Fintech news, Hotnews, Mobile-first banks

April 12, 2018

453

J.P. Morgan Chase Sued For Charging Crypto Buyers With Surprise Fees

J.P. Morgan Chase & Co, a leading global financial services provider and one of the largest banking institutions in the US, was sued for charging undeclared fees to customers who used their credit cards to purchase cryptocurrency, treating the purchases as cash advances, Reuters reported April 11. (more…)

Banks, Blockchain, Fintech news, Hotnews

April 12, 2018

515

PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead

By Sarah Perez for Techcrunch

PayPal  is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch in the first half of 2018, following consumer testing. (more…)

Banks, Fintech news, Hotnews, Payment processors/providers/gateways

April 10, 2018

868

TrueMoney scores Vietnam payment services license

By: TrueMoney

TrueMoney Vietnam (“TrueMoney”), part of Southeast Asian Fintech company Ascend Money, has obtained the Intermediary Payment Services License from the State Bank of Vietnam to operate digital financial services in e-money, e-payment, wireless transfers, and payment gateways. (more…)

Banks, Fintech news, Global trends, Hotnews

April 6, 2018

Walmart launches global money transfer service

Retailer Walmart is pushing further into the financial sector through a service that lets people transfer money from its US stores to 200 countries. (more…)

Hotnews, Remittances

April 4, 2018

545

Monetary Authority of Singapore Works with Finance Industry on Ethical Use of Data and AI

The Monetary Authority of Singapore (MAS) has announced that it is working with key financial industry stakeholders to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions. (more…)

AI / Machine Learning / Big Data, Global trends, Government activities, Hotnews

April 3, 2018

424

InstaReM Announces Launch of Money Transfer Operations from India

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Monday it has launched outbound money transfer operations from India. This is being done through InstaReM’s partnership with DCB Bank Limited, an Authorised Dealer Category-I Bank, as per the Reserve Bank of India (RBI)’s governing conditions. (more…)

Global trends, Hotnews, InspirAsia, Remittances

April 3, 2018

782

Asian Winners and Finalists of IBM Beacon Awards 2018

By Ishtiaque Hossain, Author of Wallowing in Dhaka. Ishtiaque Hossain is a writer from Dhaka, Bangladesh; currently working in the Malaysian FinTech industry. Twitter Handle: @followishti Website: Ishti.org
 ­
The IBM Beacon Awards program recognizes IBM partners who have delivered exceptional solutions using IBM products and services that have set the benchmark for providing transformative value to clients, playing a significant role in their clients’ success, and for being a trusted business advisor.

Fintech news, Global trends, Hotnews

April 2, 2018