Volkswagen Bank relies on BearingPoint’s regtech
The bank is also outsourcing its data warehouse supply chain.
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Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Barclays, RBS and other banks face £1bn forex rigging lawsuit
JP Morgan, Citigroup and UBS also named in US-style class action.
Betterment faces regulatory scrutiny after new accounts launch
The savings account offers annual yields of 2.69%.
MeDirect chooses Crealogix for digital investment platform
The platform saw a successful launch in Belgium.
SME lender B-North welcomes funding
Manchester-based B-North has applied for a banking licence.
Helis Network closes $500k seed funding round
The firm aims to make decentralised finance accessible.
Visa invests in Southeast Asia’s payments platform Gojek
The two companies will also collaborate on cashless payments solutions.
Visa eyes up Nets
Sources say Visa may acquire parts of the Nordic fintech.
Paysend raises £8.5m for global roll-out
The fintech also launched its own digital currency, Pays XDR.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
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.
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.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
Wiserfunding partners with European rating agency modefinance
To launch first credit rating service specific for SMEs.
Nasdaq signs market tech agreement with Iraq Stock Exchange
Electro-trading was introduced for the first time in Iraq via Nasdaq’s platform in April 2009.
Urban FT acquires CFC Technology Group
The pairing aims to tilt the playing field for community-based institutions.
Waddle and RBS pilot partnership
RBS is one of the first banks to offer an automated working capital solution to its customers.
Thomson Reuters acquires HighQ
It enhances their aim of providing more cloud-based software for legal professionals.
Visa acquires POS payment gateway Payworks
The integrated platform will unify the online and in-store payments experience.
Top fintech stories this week – 19 July 2019
PayTech Awards winners announced!
Temenos acquires AI firm Logical Glue
It claims to bring transparency and explainability of AI automated decisions to the banking industry.
Mastercard chooses Infinicept for start-up programme
The firm created Payment Facilitator in a Box.
Worldpay teams with ACI to power APM acceptance
Offering Alternative Payment Methods can increase merchants’ conversion rates.
