Tagged: fintech

December 18, 2018 @ 4:39 pm By Samantha Hurst  |  

Danske Bank recently announced its Danish, Swedish, Norwegian and Finnish customers with an Android phone are now able to add their Mastercard to Google Pay and make contactless payments. While sharing details about the Google Pay offering, Danske Bank stated: “A lot happens within the area of… Read More

December 18, 2018 @ 3:14 pm By Samantha Hurst  |  

KPMG Fintech Israel, a local partner of the leading global network of professional advisory services firms providing guidance to financial institutions, announced on Tuesday it has named Binah.ai as its new fintech partner. According to KPMG, Binah.ai makes data science accessible with out-of-the-box financial services-focused use cases, combining… Read More

December 18, 2018 @ 9:47 am By Samantha Hurst  |  

Albert, a UK-based bookkeeping mobile app, announced on Tuesday it has been acquired by banking group, Santander. Founded in 2014, Albert describes itself as the “brainchild” of the created of award-winning mobile apps such as NatWest, RBS, and the BBC. The app provides customers with a… Read More

December 18, 2018 @ 8:11 am By Samantha Hurst  |  

Temenos (SIX: TEMN), the banking software company, announced on Tuesday that Isracard, a credit card company in Israel, has selected Temenos T24 Core Banking. Temenos reported its digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture and enabling… Read More

December 17, 2018 @ 12:08 pm By Samantha Hurst  |  

MassChallenge, a global network of zero-equity startup accelerators, announced on Monday the 21 startups that will join the 2019 MassChallenge FinTech inaugural program. MassChallenge reported that the fintech accelerator program is supported by a public-private partnership that includes founding partners Massachusetts Mutual Life Insurance Company (MassMutual),… Read More

December 17, 2018 @ 10:48 am By Samantha Hurst  |  

JB Financial Group (KRX:175330), a Korea-based retail finance group, announced on Monday it has signed a memorandum of understanding (MOU) with CIMB Niaga, a leading Indonesian commercial bank, and MITRA JASA LIMA for the open banking platform business in Indonesia.  According to JB Financial, the… Read More

December 14, 2018 @ 4:02 pm By Samantha Hurst  |  

Uphold, a U.S.-based digital finance platform, announced on Thursday the launch of its mobile app for Android and iOS smartphones. Founded in 2013, Uphold revealed its mission is to create trusted access to digital money and finance services. Since launching, the company has notably fought… Read More

December 14, 2018 @ 9:05 am By Samantha Hurst  |  

PaySend, a UK-based global payments platform, has formed a new partnership with Vietcombank Remittance Company (VCBR). This news comes less than six months after PaySend secured $20 million through its latest funding round, which was led by investment firm MARCorp Financial.  According to Finextra, the partnership between PaySend and… Read More

December 14, 2018 @ 8:21 am By Samantha Hurst  |  

U.S. fintech Ingo Money announced on Thursday the launch of its new feature, Into Money QuickConnect. According to the company, Ingo Money Connect is a turnkey solution that allows any company issuing disbursement to customers to offer push-to-card payments through Visa Direct. It was revealed:… Read More

December 13, 2018 @ 9:24 pm By Samantha Hurst  |  

Galileo, a U.S.-based payments processors and program management firm, announced on Thursday it has formed a partnership with Robinhood to help power Robinhood Checking & Savings feature. According to the duo, Galileo’s highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns 3% of… Read More

December 13, 2018 @ 3:00 pm By Samantha Hurst  |  

Kenya-based Fintech platform Lendable announced on Thursday the closing of an innovative secured dual tranche 36-month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2.” According to Lendable, MOP2 is the second fundraiser of secured pass-through notes backed by consumer, SME, solar and productive asset loans originated by… Read More

December 13, 2018 @ 9:04 am By Samantha Hurst  |  

Temenos (SIX: TEMN) announced on Thursday it has acquired Australia-based SaaS vender, Avoka, to further strengthen its Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. Temenos has notably… Read More

December 12, 2018 @ 12:29 pm By Samantha Hurst  |  

San Francisco fintech startup YayPay announced on Wednesday it raised $8.4 million dollars in funding to further its drive to bring automation to the back-office finance operations of mid-sized enterprises. The funding round was led by Information Venture Partners with follow-on investment from existing shareholders including Birchmere, QED, Fifth… Read More

December 11, 2018 @ 3:32 pm By Samantha Hurst  |  

Lydia, the French mobile payments firm, announced on Tuesday it is now offering Google Pay to all its Android users. The new service will allow users to contactless pay for their items. As previously reported, Lydia was launched in 2013 and claims it has become an “essential” app… Read More

December 11, 2018 @ 3:02 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Tuesday that it is secured $250 million through its Series C funding round, which was reportedly led by venture capitalist and Internet Trends author, Mary Meeker. Plaid was founded in 2012 and focuses on enabling innovation and democratizing… Read More

December 11, 2018 @ 9:31 am By Samantha Hurst  |  

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Tuesday it has acquired a controlling interest in Finantix, which is a provider of technology enabling the digitalization of omni-channel advisory, sales, and services processes of private banks, wealth managers and insurance companies. This… Read More

December 11, 2018 @ 8:53 am By Erin Hobey  |  

The Billion Dollar Fund for Women (TBDF), founded by Shelly Porges, Sarah Chen, Anousheh Ansari, Nadereh Chamlou and Anu Jain, aims to mobilize and connect venture funds with institutional and other investors to create larger pools of capital for investments into women-founded companies. The global venture consortium’s funds… Read More

December 10, 2018 @ 9:39 am By Samantha Hurst  |  

Tide, a UK-based SME challenger banking, announced on Monday it has claimed one percent of the UK SME banking market just two years after it first started operations. The company reported that by the end of 2018, 56,000 of a total of 5.6 million UK… Read More

December 9, 2018 @ 8:29 pm By Samantha Hurst  |  

The Ontario Securities Commission (OSC) announced last week it is seeking applications for membership on its Fintech Advisory Committee (FAC). The OSC reported the FAC advises the OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. It… Read More

December 7, 2018 @ 9:27 am By Samantha Hurst  |  

Kik, a Canada-based chat platform, announced on Thursday the launch of its new peer-to-peer transaction feature, which is powered by Kin. According to Kik, the feature will allow users who are participating in public group chats to reward group administrators for facilitating positive and meaningful user interactions inside… Read More