TrueLayer joins with ANNA to offer open banking to SMEs
ANNA hopes to launch further new features in the future.
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Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
Indian payments fintech Cashfree closes $5.5m Series A round
Investment will fund team expansion and distribution of API banking platform.
Raisin partners with Commerzbank for special fixed-term deposits
The partnership will start with German credit institutions such as Grenke Bank, NIBC Bank and Gefa Bank.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
Teradata Universe Madrid 2019: Teradata agrees that less is more
“Don’t invest in analytics!”, and in my mind, the crowd cheered.
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
Integral delivers mobile trading app for Arab Bank in Switzerland
Integral’s solutions are used by banks, brokers and asset managers in the foreign exchange market.
New petition calls out big banks for stifling competition
The petition was started by the director of data analytics firm LendingMetrics.
Banco BASE chooses Volante to deliver modern payments platform
Serving corporations and medium-sized businesses in Mexico.
Partnership between Starling and FreeAgent takes flight
Aims to cut time spent on small business admin tasks.
Hellenic Bank modernises payments with Fiserv
The Dovetail Payments Platform will help with customer personalisation.
PASPX in tech overhaul with Temenos
PASPX was founded in 2008 and holds an e-money licence.
Watermark Bank makes a splash in Oklahoma
Built for entrepreneurs for entrepreneurs, Oklahoma’s first new bank since 2009.
Bento for Business partners with Visa
The Visa card replaces the company’s Mastercard prepaid card.
Deutsche Bank and Serrala launch API interface for SEPA payments
A step towards facilitating real-time treasury.
Three-way merger creates enlarged Bank of Baroda
The three banks are Bank of Baroda, Vijaya Bank, and Dena Bank.
Boost Payment Solutions closes $12m funding
Aimed at raising its profile to provide payments across industries.
PayTech Awards entry deadline extended!
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Case study: Information Builders and Millennium BCP
See how the largest private bank in Portugal, Millenium BCP enhanced decision-making capabilities
CMA clamps down on open banking implementation
Five of the nine banks are delaying implementing mobile functionalities.
Commonwealth Bank & Trust upgrades tech with Jack Henry
With the aim to bring in more commercial customers.
Fidor CEO leaves as BPCE sells bank
Matthias Kröener founded Fidor ten years ago.
Finleap acquires German challenger bank Penta
Penta will collaborate with Beesy to serve Italian freelance market.
New $4.8m funding for SME bank Novo
The bank targets small businesses with a digital banking offer.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
First transactions carried out on blockchain-based Marco Polo network
Delivery triggers irrevocable payment from buyer’s bank.
Standard Bank moves over to AWS
All its workloads, including its customer facing and core banking applications.
Russia’s first new bank in four years is for internet firms
Approach will combine the payment gateway and payout model.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
Natwest business customers at risk due to security software
The bug is now fixed.
Project BankNorth partners with nCino ahead of 2020 launch
The bank will use nCino’s Bank Operating System for customer experience.
Capdesk raises £1.5m to aid in employee share plans
As firms compensate staff with the own firm’s shares, liquidity is not as easy as it seems.
Bank of the West shifts to hosted for Systematics core
The bank is a long-standing user of the mainframe-based core system.
Wolters Kluwer gets new credit union win in Florida
Grow Financial Credit Union is implementing lending and compliance solutions in 26 branches.
Prepaid Technologies acquires Dash purchasing card portfolio
The deal more than doubles the firm’s expense management business.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
