Vise lands $14.5m Series A led by Sequoia Capital
“This is one of the biggest markets on Earth,” says Sequoia.
Business-to-Business/B2B
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Temenos helps UK banks speed up BBLS distribution “in days”
UK banks have seen a surge in demand for BBLS loans.
Merchant payments fintech Primer raises £3.8m
The newly-launched fintech has secured investment from Balderton Capital.
Swiss private bank Lombard Odier launches fintech strategy
An active portfolio of 50 well-diversified stocks will be put together.
Path Solutions deploys business intelligence solution at Al Baraka Bank Sudan
Sudanese bank implements iMAL*BI solution.
A bumpy road for alternative lenders
Coronavirus crisis opportunities for alternative lenders come with big risks.
Goldman Sachs-backed fintech Flywire cuts 12% of workforce
A further 16 workers have been put on part-time contracts.
Truist Financial selects TSYS for payments processing
Newly merged commercial bank kicks on with its tech deployment.
Business banking app Countingup lands £4m led by ING
ING says Countingup is a “digitally disruptive solution”.
Putting off a reorganisation? This could be rather costly
Throughout the process, involved parties must understand drivers for change.
Singapore payments fintech Nium lands investment from Visa
The round is thought to be worth between $75-$100 million.
Nine new UK lenders get approved to issue CBILS
The BBB now has more than 60 accredited lenders handing out CBILS grants.
SadaPay drives contactless adoption with Mastercard in Pakistan
The digital wallet aims to deliver three million cards over the next five years.
Cash deposit platform Flagstone lands £12m funding
Since 2015, Flagstone says it has facilitated £5 billion in deposits.
SS&C Technologies acquires Innovest Systems in $120m deal
The transaction is expected to close in Q2 2020.
Path Solutions and Thomson Reuters extends GCC systems partnership
iMAL core banking and Onesource tax solutions to be offered in tandem.
Three ways to optimise the finance function during COVID-19
It’s important to find areas of your business that can create positive returns.
SoftBank warns of $9.6bn investment losses due to coronavirus
In addition to WeWork, it also blamed the losses outside of the Vision Fund on OneWeb.
India’s FSS helps Fair Play deliver online payment acquiring
Fair Play is deploying FFS’ Payment Gateway and Merchant Hub.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
Ivy Lender calls out banks and fintechs for exploiting PPP
“Most banks are saying they have offerings [for small businesses] when they don’t.”
TransFICC lands £5.75m from AlbionVC, ING and HSBC
Existing backers inlude Citi and Commerzbank.
Car service financing fintech ASF lands £14m despite production slow down
The investment comes after UK car production dipped by more than a third last month.
Tide picks Mambu to power credit facilities and overdrafts
Tide is revamping its customer offerings and adding new functionality with Mambu.
Hungary’s central bank unveils first fintech report
The report recorded 110 domestic fintech companies as of 2018.
NatWest Markets selects Dataiku for self-service analytics and machine learning
Investment banking firm seeks to improve customer experience and improve efficiency.
JP Morgan picks Taulia for supply chain finance boost
US bank aims to improve customer experience on the corporate side.
Open banking will rival the spreadsheet in accountancy, says roundtable
“It will give firms what they’ve longed for – real-time understanding of the figures.”
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Iress integrates with Knowledge Bank’s mortgage criteria search engine
Brokers will be able to access lender criteria all in one place.
Russia’s VTB set to expand C2C to 160 corridors by Q3
Currently its C2C service is available in 20 countries.
Paysafe partners with Gala Technology to open SOTpay channel
The two firms will work on enabling more transactions for merchants.
Anyday and Clearhaus to take on payment giants in Norway and Spain
“We’re ready to take on the giants,” says Anyday’s CEO.
Nigerian open banking fintech Okra raises $1m from TLcom
“We’re opening the door to another level of innovation,” says founder.
British Business Bank approves another four lenders for CBILS
These new joiners can lend between £10,000 and £5 million to small businesses.
Capital on Tap integrates TrueLayer to boost SME lending service
Capital on Tap has also created new services to aid COVID-affected businesses.
Tradeteq to develop quantum-based credit scoring with Singapore university
The project is backed by the Monetary Authority of Singapore (MAS).
Currencycloud among first non-bank firms to offer Swift gpi payments tracking
TransferGo, Penta and Money Mover were early participants in the pilot programme.
