Start-up


Aditya Birla picks Infosys Finacle core system for new bank

Indian firm Aditya Birla has chosen the Infosys Finacle core banking system for its upcoming joint venture (JV), Aditya Birla Idea Payments Bank. Aditya Birla has got in-principle approval from the Reserve Bank of India and plans to set up the new payments bank by the end of its financial year (2016-17). Aditya Birla will […]

Morgan Stanley lends $100m to start-up lender Affirm

San Francisco-based start-up lender Affirm has got a $100 million credit line from Morgan Stanley as it looks to boost its business, according to The Wall Street Journal. The firm is “adding debt” as it “seeks to grow its loans for tickets, trips, and other big online purchases as an alternative to paying with credit […]

MasterCard selects super six for fintech accelerator

Silicon Valley Bank and MasterCard have selected six start-ups to participate in Class 5 of Commerce.Innovated, a virtual accelerator designed to help commerce, payments and fintech start-ups grow their businesses. The six US start-ups will go through the four-month virtual programme and are in various stages of funding and development: Domuso, a payment financing platform […]

Fintech funding round-up: 13 October 2016

Fintech funding without the tub-thumping. A realistic and brief round-up of key events. ComplyAdvantage, which uses artificial intelligence (AI) and machine learning to help firms manage compliance, has revealed an $8.2 million Series A funding round led by Balderton Capital. The funding will allow the regtech firm to do the usual stuff – growth and […]

LendingWell wins LendIt start-up contest

LendingWell, a single-platform P2P lending partner, is the winner of the first PitchIt @ LendIt Europe, a competition aiming to find a future star within the online lending and fintech space. LendingWell provides access for retail investors and independent financial advisors to the broader P2P lending market. Co-founded with Liberum Alternative Finance, it provides customers […]

Handbag stars in Starling Bank debit card debut

“We have the licence, we have the technology, now we have the card.” New UK challenger bank Starling has got its first batch of debit cards as it continues to build its infrastructure. Like some kind of shopaholic’s symbolic frolic, the bank detailed its London shopping adventure with a blog post. This had a point […]

Capital One buys online price tracker Paribus

Capital One continues its fintech acquisition spree with the purchase of price tracking service Paribus. Emilia Lopez, managing vice-president, US Card at Capital One, says its “focus right now is on merging Paribus into the broader Capital One family”. Paribus will also be added into its broader set of technology and tools, such as CreditWise […]

Fintech funding round-up: 6 October 2016

When time is tight, the reading can be light. A round-up of key events in fintech funding. US-based Payoneer has completed the first closing of a growth equity financing. Proceeds from the $180 million financing will be used to “accelerate global growth”. This year, the firm opened new offices in India, Japan and the Philippines, […]

Atom Bank opens doors to all UK customers

There’s nothing better than going all the way. Challenger bank Atom is now fully open for all customers in the UK. Atom initially launched with an “invitation only” phase, but as of today (6 October) anyone can download the Atom App, both in IoS and Android, and open an account. The App is available to […]

Finleap and Mohan launch Burnmark

Berlin-based fintech incubator FinLeap has teamed up with fintech analyst Devie Mohan to launch Burnmark, an independent research company focusing on trends in the financial technology industry. Finleap will support Burnmark with network, knowhow and research capabilities. Mohan works closely with traditional banks, consulting firms, innovation teams, start-up accelerators and investors, advising them on fintech […]

Bank of Lithuania and Revolut team up for payments

Bank of Lithuania, the country’s central bank and regulator, has signed a memorandum of understanding with UK-based payments and fintech start-up Revolut. Revolut intends to set up a financial institution in Lithuania and obtain a banking licence. Bank of Lithuania will provide Revolut with access to its managed payment systems enabling cross-border payments in euro. […]

Avaloq locks on innovation with developer portal launch

Innovation gets more adoration as Avaloq is opening up to developers with a new portal activation. It says freelancers, start-ups, fintechs and banks will be able to innovate jointly using a dedicated online portal. Through this site, the developer community can commercialise technologies and share results within the community and the “entire Avaloq community”, which […]

Singapore polytechnics prep for future fintech opportunities

The Monetary Authority of Singapore (MAS) and five local polytechnics have teamed up to get students up to speed for fintech jobs of the future. They have agreed to work on a framework to review and improve the polytechnics’ curricula in the next three years to prepare and equip their graduates with the skill sets […]

Innotribe plots rise of new fintech hubs

A decade ago, cities fought to be financial hubs; today they fight to be financial technology (fintech) hubs. While London, New York and Silicon Valley claim strong status as fintech hubs, Sibos has proved that there are plenty of emergent centres snapping at their heels. Innotribe’s Startup Challenge, which brings fintech companies to the attention […]

Sibos 2016: Innotribe Industry Challenge – results

Innotribe’s Industry Challenge – the results of which have been just unveiled – was all about blockchain and disruptive technologies. Three star-ups won the challenge to introduce blockchain to the securities sector: SmartContract, Rise and Coin Sciences.

Turkey’s TEB calls for fintech start-ups

TEB (Türk Ekonomi Bankası) in Turkey has launched a fintech programme and wants the nation’s entrepreneurs and start-ups to get in touch. Why? TEB says: “Because the day will arrive when a technology giant will come from Turkey too.” TEB will provide start-ups with its infrastructure, experience, financial support for their first project, and “even […]

Top fintech stories this week – 23 September 2016

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Harrods Bank in search of new core banking system EXCLUSIVE. The FIS Profile project is dead. Long live a new project! Deutsche Bank GTB builds new payments platform EXCLUSIVE. Dovetail to deliver? Misys unveils Platform-as-a-Service strategy Opens up […]

Attic Lab unveils open source blockchain platform

Ukrainian start-up Attic Lab has revealed its lofty ambitions with the launch of an open source blockchain platform. The banking platform will offer the issuance of e-money and Attic Lab claims it will be a “full-fledged alternative” to systems like Visa and MasterCard. The company was founded in early 2016 with Sergey Vasilchiuk taking the […]

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