Deutsche Bank joins Interbank Information Network
The blockchain-based platform has more than 300 member banks.
Business-to-Business/B2B
United Bank of Africa partners with fintech Ovamba Solutions
The alliance will provide Cameroon businesses with new tradetech.
Velocity Credit Union taps Fiserv for DNA core processing system
Velocity chooses Fiserv “to remain competitive”.
FCA review finds investor happiness with MiFID II research unbundling
MiFID II is improving asset managers’ accountability over costs.
German blockchain strategy fires warning shot at Facebook’s Libra project
Germany vows to fight any efforts to issue parallel currencies.
Insurtech Cover Genius forms ‘first of a kind’ partnership with ShipStation
The partnership will effect UK, Canadian and Australian merchant customers.
US bank FNBT chooses Finastra’s Fusion Phoenix core technology
The bank also bought 11 other Finastra solutions.
Barclays and JP Morgan Chase invest in TouchBistro
TouchBistro leads “a technology renaissance” for restaurants.
Caisse des Dépôts chooses Murex for its asset management
Murex’s MX.3 platform pulls every part of business into one.
EBA Clearing launches request to pay solution for Europe
It’s “the missing piece of the puzzle” for financial companies.
Digital Reasoning reveals $40m funding round and Standard Chartered partnership
Digital Reasoning uses AI to understand human communication
AI analytics platform FinTech Studios raises $5.1m
The company uses AI, NLP and ML to aid decision making.
JP Morgan and Societe Generale invest in trader fintech Wematch
Wematch is changing the way voice-traded financial markets operate.
ING reveals crypto report: The utility phase
Until crypto is useful, mass adoption will not follow.
FairMoney raises €10m to build challenger bank in Nigeria
FairMoney serves 200,000 customers who are mainly small businesses.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
Plaid reveals strategic investments from Mastercard and Visa
Plaid says there’s opportunity to align with Visa and Mastercard.
Insurtech Broker Buddha raises $4.5m in round led by Vertex Ventures
Vertex Ventures says Broker Buddha is “driving significant industry change”.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
Data-cleaning platform Trifacta raises $100m
The funding round will open untapped industries to Trifacta.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
Element AI raises CAD 200m in Series B funding round
Element AI has raised CAD 340 million in total so far.
UK fintech PrePay Solutions gets Belgium e-money licence
The licence was secured in a bid to curb Brexit uncertainty.
Adhara expands into Singapore and appoints Stanley Yong
Yong has nearly ten years’ experience at the Monetary Authority of Singapore.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
Australian start-ups welcome a senate inquiry into the fintech space
The start-ups argued that politicians have done far too little.
White paper: Moving traditional infrastructure into the smart POS world
Download the latest AEVI white paper
Valiant, Contovista and Swisscom launch a multi-banking solution for SMEs
SMEs can manage their liquidity across all connected accounts.
DN Intersect 2019: US Banks are “already beaten” if they ignore APIs
“It’s time the US starts paying attention to open banking.”
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
Mastercard and R3 deliver blockchain cross-border payments solution
The partnership will focus on connecting global faster payments infrastructures.
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
DN Intersect 2019: DN battles with banks to win trust in the automation race
DN says banks are “very rigid” with AI-automated ATM functions.
