Three lessons traditional banks can learn from their younger siblings
Teamwork, transparency and creating a competitive culture is key.
North America
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
Western Union and MoneyGram report losses
Western Union is chopping its workforce by 10%.
Big banks are driving fintech to the mainstream
And it’s happening faster than you think!
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
The importance of specialised standard software for MAD/MAR compliance
Experience and insights from three years of practical use.
Rakuten applies for US banking charter
The ABA expressed serious concerns Rakuten gaining a banking charter.
First Data and Bank of America end paytech partnership
Fiserv’s First Data will provide services to its current client merchants until June 2023.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Gay is for life, not just for June
Fintech firms can and must do more.
SME lender B-North welcomes funding
Manchester-based B-North has applied for a banking licence.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
WhatsApp Pay coming to India later this year
It will need to comply with all of the regulations ahead of its launch.
Digital US equities investment product launches in India
DriveWealth has partnered with Vested Finance.
Wematch unveils Euro IRS platform with 10 banks onboard
JP Morgan, RBC, HSBC and Societe Generale are among the initial banks.
Synechron launches new Libor impact analysis software
Its Accelerator uses data science to address the industry benchmarking challenge.
Moody’s acquires fintech RiskFirst
The acquisition will boost Moody’s Analytics’ offering.
Mbanq backs Arival Bank by acquiring shares
Arival also has its sights set on a Series A round of $10 million later this year
Swell announces closure
The investment platform did not reach the required scale to survive.
FIs choose Cloudera for digital transformation
Cloudera enables digital transformation for global financial services institutions.
AcadiaSoft announces technology partnership with CloudMargin
The firms collaborate to provide an industry solution for uncleared margin rules.
Swift shifts from MT to XML format
Payment transfers will be shifting to the ISO 20022 standard.
Robinhood raises $323 million in Series E funding
The new round of funding values the company at $7.6 billion.
Busey selects Jack Henry to support growth
The SilverLake System is believed to be replacing CSI’s NuPoint.
Let’s work together
Bank-fintech collaboration should take priority on this year’s Sibos agenda.
MoneyLion roars with $160m funding
The company will have raised over $200 million in equity financing.
Moors and Cabot selects RBC as new clearing partner
This will enhance the firm’s back-office capabilities.
Zeta eyes global expansion with Series C investment
The investment came from Sodexo at a valuation of $300 million.
Morgan Stanley and Box launch document sharing portal
The platform promotes communication between financial advisors and clients.
Blockchain ID management firm Trusted Key bought by Workday
Trusted Key will bring its blockchain-based, digital identity management technology to Workday.
Lendtech nCino acquires Visible Equity
The two companies will continue to market their solutions separately.
Ideanomics unveils plans for fintech village
It’ll be based in Connecticut with a focus on AI, robotics, finserv and more.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
The Win 10 Rush: How financial institutions can beat the clock to upgrade their PCs
Kevin Flaherty, CEO at BLM Tech reveals the key to carrying off large-scale IT projects.
Focus on what’s important – and leave the rest to us
Smartstream’s platform takes the operational & regulatory responsibility of payments off your back.
Uber-izing banks
The secret is not just about being frictionless and digital.
Separating the wheat from the chaff
Discover the ways to tackle complex data estates with Adlib Software.
Payments platform Finix raises $17.5m in Series A round
The round was led by Bain Capital Ventures.
Pan-American Life Insurance seeks AML with Fiserv tech
Complying with regulation across each geography.
