Payments: contactless charitable cases
Charities large and small are waking up to the need to embrace contactless payments. Banking Technology looks at the drivers, challenges and opportunities.
Start-up
Top fintech stories this week – 22 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Fintech funding round-up: 19 December 2017
Features Softbank, Lemonade, Amazon, Capital Float and Delio.
City of London Group to launch challenger bank
In the process of obtaining a banking licence as it targets commercial, SME, bridging and development finance.
Blockchain consortium Hyperledger loses members
More than 15 members either cut financial support or quit the project over the past few months.
DoubleNet Pay to power cashflow management tool for T Rowe Price
Financial management tech start-up DoubleNet Pay scored a deal with investment services firm T Rowe Price.
Fintech funding round-up: 13 December 2017
This round-up features Finstar, State Street, FRISS and iZettle.
Nesta reveals ten winners of SME innovation challenge
Nesta names prize winners at the conclusion of stage one of its Open Up Challenge.
Path Solutions beats ICS Financial Systems to core banking system deal in Iraq
Al-Rajih Islamic Bank, a greenfield bank in Iraq, has signed for the iMAL core banking system from Path Solutions.
Gremlin looks to bring “chaos engineering” to cloud masses
US start-up is looking to help enterprises improve cloud applications’ reliability.
ABN Amro’s Prospery supported by Five Degrees’ tech
EXCLUSIVE: ABN Amro’s new wealth management proposition, Prospery, has implemented Five Degrees’ Matrix solution.
UK cybersecurity centre showcases second wave of start-ups
The UK’s National Cyber Security Centre has revealed its latest batch of nine cybersecurity start-ups.
Startupbootcamp launches Scale innovation programme for start-ups
Startupbootcamp has unveiled the launch of Startupbootcamp Scale, an innovation programme for growth stage start-ups in emerging markets.
Alior Bank to launch fintech accelerator
Alior Bank has unveiled its acceleration programme for technology start-ups using the OpenAPI environment based on IBM technology, implemented by business solutions developer Tuatara.
Fintech Connect Live 2017: the unleashing of AI and ML
Fintech Connect Live 2017 is a gathering of some of the biggest players in the fintech. With the looming rise of open banking and the cryptocurrency surge, it’s the smaller start-ups and innovators of smart technologies in banking that are making headway with use of artificial intelligence (AI), machine learning (ML).
UK regulator puts out feelers for fourth wave of fintech firms
The UK’s Financial Conduct Authority (FCA) is now accepting applications from fintech firms to be part of its fourth sandbox phase.
CoreOS extends Tectonic into open cloud services
CoreOS is continuing to move up the stack by adding developer services into Tectonic, the start-up’s Kubernetes implementation.
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.
Kuzzle to launch retail digital banking solution
Technology start-up Kuzzle, the open-source backend solution for mobile, web and internet of things (IoT), will launch its latest solution for digital banking at FinTech Connect Live in London.
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.
New live site for ICS Banks core banking system in Iraq
Al-Thiqa Islamic Bank has gone live with new core banking software, ICS Banks, supplied by ICS Financial Systems (ICSFS).
Hartford InsurTech Hub hails hearty start-ups for 2018
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme. The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance. According to the hub, over […]
Fintech funding round-up: 1 December 2017
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
ADGM goes out to Plug and Play for Middle East innovation
The agreement by Silicon Valley accelerator Plug and Play and Abu Dhabi Global Market (ADGM) is the latest sign that the hot MENA fintech sector is about to get a lot warmer, reports David Penn at Finovate (Banking Technology’s sister company). The new partnership calls for Plug and Play to open a new office in Abu Dhabi […]
Top fintech stories this week – 1 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Allianz accelerates to new digital investments
Allianz with its in-house incubator, Allianz X, has switched gears and pivoted towards a new range of digital investments.
Blockchain and Bitcoin round-up: 30 November 2017
Coming straight after yesterday’s (29 November) fun and games, here’s another quick summary of the blockchain and Bitcoin action. Features the European Central Bank, Tieto, Coinsilium Group and StartupToken. Well, Bitcoin went past $11,000. And then dropped. As you read this it will have changed again. So, opinions are aplenty. And… banks should speed up […]
Fintech funding round-up: 30 November 2017
Quickly following on from Tuesday’s (28 November) funding round-up, here are more stories from a cash-drenched world. Features 1QB Information Technologies, FinTecSystems, Betalo, Nordea and Constellation Digital Partners. 1QB Information Technologies (1QBit), a quantum computing firm based in Vancouver, has closed a CA$45 million ($34.9 million) Series B round comprising equity and revenue contracts. This […]
Fintech funding round-up: 28 November 2017
No slowing down when it comes to the fintech funding action and this week we’ve got three of the latest stories for another ever-informative round-up. Featuring MoneyMe, TreasuryXpress and Chip.
Nordea finds fintech heaven with Nordic angel network
Nordea’s start-up and growth unit has unveiled a new partnership agreement with Nordic Business Angel Network (NordicBAN), a network of start-up investors in the Nordics and Baltics.
Debunking six myths on regulatory sandboxes
We are living through a period of unprecedented innovation in finance, and regulators know they need to adapt to keep up with the fast pace of change. To understand and manage the risks posed by new products, services, and business models, many financial authorities are setting up regulatory sandboxes or reglabs.
Wealthtech: a market poised for extended growth
Rapid changes are occurring in the wealth management space and the level of disruption in how advice and capital are managed is only beginning. Wealth management is a monumental industry. The players in the space run the gamut from gigantic hedge funds to individuals who manage their own investments. This changing wealth management landscape is driving a significant uptick in transactions.
Jirnexu unleashes insurance marketplace in Malaysia
Southeast Asian fintech start-up Jirnexu has been approved by Bank Negara Malaysia (BNM), the nation’s central bank, to compare, sell, process payments, and issue e-policies for insurance products. Jirnexu says it is the first company in the country permitted to sell select general and life insurance products from multiple providers, and the first to build […]
Starling makes big European push
UK-based challenger bank Starling is taking the battle to lenders after being granted a contract allowing for a big push into wholesale banking in Europe.
BMO Financial Group injects $2m into Montreal AI lab
BMO Financial Group is putting $2 million into Creative Destruction Lab Montreal (CDL-Montreal) to fund artificial intelligence (AI) and data science projects. CDL-Montreal will target seed-stage start-ups by providing business and technology mentoring, equity opportunities and business development partnerships. On 15 December, the first cohort of 28 businesses, made up entirely of AI start-ups, will […]
Payments round-up: 22 November 2017
Hot on the heels from Monday’s (20 November) round-up, here are more lively adventures in the paytech space. Featuring Manigo powering up; Volante Technologies and eVision in North Africa; and ACI Worldwide and Payworks getting friendly. Digital money platform Manigo has launched. The firm, which is based in London’s tech hub Level39, says it will […]
Payments round-up: 20 November 2017
It pays to pay attention to the pacey payments precinct. Our latest round-up comprises Glint’s golden launch, BillPro’s licence and QR codes in Singapore. Glint, an electronic payment system that enables gold to be used as a currency, has launched its account and app based technology in the UK. Jason Cozens, CEO, Glint, says: “Everyone […]
Fintech funding round-up: 20 November 2017
Coming straight after Friday’s (17 November) fintech funding action, here’s another round-up. Features Xiaomi’s interest in India, Bamboo Capital Partners, First Access, Allied Irish Banks and TransferMate. Chinese phone and appliances maker Xiaomi plans to invest around $1 billion in 100 start-ups in India over the next five years, according to chief executive Lei Jun […]
Kabbage expands small business funding with $200m credit facility
Alternative credit company Kabbage has a lot to be thankful for this week. The Atlanta-based start-up received a new $200 million revolving credit facility from Credit Suisse bringing its total debt funding to $750 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Kabbage emphasised that this credit facility diversifies its funding sources, which will help it […]
China CITIC Bank and Baidu launch direct bank, AiBank
China’s internet giant Baidu and one of the country’s largest lenders, China CITIC Bank, have joined forces to launch a new direct bank, AiBank.
