TSYS to acquire fellow paytech firm Cayan for $1.05bn
The acquisition is expected to close in Q1 next year.
Payments
TransferTo adds digital wallet to payments network via Cellum partnership
Cellum will offer money transfers via TransferTo’s cross-border mobile payments network.
Standard Chartered and Ant Financial buckle up for Belt and Road drive
They target expanding their fintech clout along the “Belt and Road Initiative” route.
Banking Technology December 2017/January 2018 issue out now
In the eye of the storm we provide clarity.
LienVietPostBank goes live on SmartVista paytech platform
Replacing its legacy Electra System with BPC Banking Technologies’ SmartVista platform.
Banking Technology Awards 2017: and the winners are….
The glamorous Banking Technology Awards 2017 took place on 13 December at the elegant Millennium Mayfair hotel in London.
Unibank becomes Armenia’s first bank to comply with Swift security standards
Unibank is now fully compliant with the required standards of security for the Swift payment infrastructure.
Infographic: the future of Christmas shopping
In just ten years we could see a highly digitally-led shopping experience.
PSD2: regulation as a catalyst for innovation
PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but its effect will be more far-reaching, acting as a catalyst for innovation not just in payments, but in the wider financial services market.
Huawei teams with Xpress Money for mobile payments in Africa
The duo are targeting Africa’s unbanked population.
Fintech funding round-up: 13 December 2017
This round-up features Finstar, State Street, FRISS and iZettle.
Nordea’s open banking goes live in Finland
Nordea has connected APIs to its production system and made its open banking live in Finland.
GDPR vs PSD2: a challenging contradiction or two sides of the same coin?
Are GDPR and PSD2 really that dissimilar and incompatible? Or do they combine to create a robust security mind set?
Infographic: the history of monetary gift giving
‘Tis the season for gift giving, and no gift has a “richer” history than cash.
Atos bids €4.3bn for Gemalto to create IoT giant
An attempt to create an industry powerhouse in the markets for cybersecurity and digital products.
Hyperwallet now supports payouts from Amazon’s Australia marketplace
‘Tis the season for online shopping (and selling).
Two more US credit unions join Fiserv in tech revamp
Illinois Educators Credit Union and Members Financial select Fiserv for their tech overhauls.
Fintech funding round-up: 11 December 2017
This round-up features WorldRemit, PAIR Finance and an update on Sophia the AI robot and SingularityNET.
Singapore insurtech firm Etiqa nets deals with Ministry of Finance and DBS Bank
First insurer to integrate with MyInfo, a digital data vault launched by the GovTech and the Ministry of Finance.
FI.SPAN partners with Beanworks to build B2B payments hub
FI.SPAN will provide pre-integrated third party fintech solutions into the hub.
Fintech companies will be a new kind of business in 2018
Fintech companies will find that they are a different kind of business in 2018 than they were in 2017.
nanopay launches B2B payment platform
Canada-based payments platform nanopay has unveiled its new B2B payments solution for international trading.
Fifth Third Bank chooses FIS for real-time payments
US-based Fifth Third Bank has chosen FIS to enable real-time payments (RTP) for its customers through The Clearing House’s (TCH) payments system.
Survey report: UK bank account opening comparison
Have any UK high street or challenger banks made the jump to 100% digital onboarding?
What is the future of digital cash?
The recent World Economic Forum (WED) report “Sweden could stop using cash by 2023”, says that the country is moving towards favouring cards and mobile payment apps. Yet retailers are expected to accept cash for at least a couple of years afterwards.
Top fintech stories this week – 8 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Klarna to fuel payments for Worldpay
Worldpay and online payments firm Klarna are joining forces. Worldpay clients in Austria, Finland, Germany, the Netherlands, Norway, Sweden, and the UK will be able to use Klarna’s invoice and credit-based payments.
Moneycorp expands with acquisitions in Brazil and UK
The Moneycorp Group will acquire Brazilian foreign exchange business Novo Mundo Corretora de Cambio, and UK-based currency firm First Rate FX.
Payoneer lands funding from China Broadband Capital
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.
Convenience versus control: getting the balance right
Nick Kerigan, MD of Future Payments at Barclaycard, looks at how innovation is helping the payment industry to balance offering seamless payments with keeping people in control of their money.
KBC seeks mobile app partnership
Belgium bank KBC with its mobile banking app is seeking to form a partnership to broaden its third-party services.
Wirecard and sendhybrid going digitally postal in Austria
Paytech firm Wirecard is collaborating with sendhybrid, a company linked to the Austrian postal service Österreichische Post, to offer electronic post-box users a payment service to settle public sector digital invoices.
Fintech funding round-up: 4 December 2017
Coming straight after Friday’s (1 December) fintech funding action, here’s another round-up to take the Monday blues away. This round-up features Oakam, KeyBank, Snapsheet, Payrailz and Elsen.
PayPal’s TIO network data breach hits 1.6m customers
PayPal has revealed that a potential compromise of personally identifiable information for approximately 1.6 million customers has been found on its TIO Networks.
Mastercard calls for fintech start-ups
Mastercard has put its cards on the table with a clear call for start-ups to join its Start Path programme – its effort to tap into later-stage fintech and tech firms.
Payments round-up: 4 December 2017
Betas, big numbers and the big match. Our latest payments round-up features Emma Technologies, Yolt, and Visa and the football World Cup in 2018.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
HooYu to provide verification services for UK challenger bank Countingup
Challenger bank Countingup is the latest firm to call on London-based HooYu for its innovative identity confirmation services.
Supermarket victory sweep for Visa processing fees
Visa has come out victorious after the UK High Court dismissed the case against processing fees made by UK supermarket chain Sainsbury’s.
Blockchain and Bitcoin round-up: 1 December 2017
Quickly following on from yesterday’s (30 November) blockchain and Bitcoin round-up, here’s more action. Features money laundering in Japan; Coinsource ATMs in Georgia; Cardano Foundation, IOHK and Emurgo teaming up; and PwC in Hong Kong. Over in Japan, Kyodo and Jiji news sites have reported 170 cases of suspected money laundering linked to cryptocurrencies were […]
