Tagged: fintech

April 27, 2018 @ 9:43 pm By Samantha Hurst  |  

On Thursday, Zelle announced more than $25 billion was moved through the Zelle Network during the first quarter of 2018. The person-to-person service revealed this is a 15% increase from the previous quarter and had 85 million transactions, which was up 14% from the previous quarter… Read More

April 27, 2018 @ 3:00 pm By Samantha Hurst  |  

BNP Paribas, along with Plug and Play, announced on Friday that 11 fintech and insurtech startups have joined Season 3 of their collaborated acceleration program. BNP Paribas reported that it began its partnership with Plug and Play in 2016 and has since launched an international program… Read More

April 27, 2018 @ 1:00 pm By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced earlier this week that it has acquired trade credit risk firm, Credit2B. Billtrust revealed that the transaction expands its Quantum solution suite with the addition of business credit reports, online credit applications, machine learning credit… Read More

April 27, 2018 @ 10:19 am By Samantha Hurst  |  

Morgan Stanley (NYSE: MS) announced on Thursday it is set to host its inaugural Canada Technology Start-up Day at its Montreal Technology Centre today. The financial giant reported that the invitation-only event is providing some of Canada’s most promising emerging technology companies with the opportunity for… Read More

April 27, 2018 @ 9:15 am By Samantha Hurst  |  

Investment firm Holdun announced on Thursday the launch of its Holt Fintech Accelerator. The accelerator, which is aimed globally, will support the next generator of entrepreneur talents operating in the fintech industry. The company also reported that the project is a nod towards Sir Herbert… Read More

April 27, 2018 @ 8:24 am By Samantha Hurst  |  

Boston-based fintech FinMason announced on Friday its Canadian launch with the rolling out of the Canadian dollar version of its investment analytics as a service platform. FinMason reported that the enhancement marks the first step in its international expansion efforts. According to FinMason, the new… Read More

April 26, 2018 @ 9:04 am By Samantha Hurst  |  

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday it has acquired 10% stake in blockchain and cryptocurrency specialist firm, Metaco. Founded in 2014, Metaco is described as a company that has developed specialist cryptographic solutions that be… Read More

April 25, 2018 @ 2:51 pm By Samantha Hurst  |  

Following its acquisition of Portland-based fintech Vault, micro-investing app Acorns announced the launch of its new retirement account product, Acorns Later. According to Acorns, the Acorns Later product is designed to work in the background of life, automatically recommending a retirement account and portfolio for customers. While sharing… Read More

April 25, 2018 @ 1:21 pm By Samantha Hurst  |  

Pan African bank Ecobank announced earlier this week it is seeking fintech solution startups to apply for its second annual Ecobank Fintech Challenge. According to the bank, more than 850 applied for the competition during its first challenge last year. Entrepreneurs, startups, and developers who are… Read More

April 25, 2018 @ 11:39 am By Samantha Hurst  |  

Fintech unicorn TransferWise has announced the launch of a new borderless and fee free, multi-country, bank accounts and debit cards. Transferwise may be the best Fintech positioned globally to provide all of the bank-like services without officially becoming a bank. As CI has written before,… Read More

April 25, 2018 @ 10:45 am By Samantha Hurst  |  

UK-based online investment service Wealthify announced on Wednesday it has formed a new partnership with Starling Bank. The company reported its investments will on the challenger bank’s marketplace, which is designed to give users easy access to digital financial services on their mobile devices. Wealthify… Read More

April 24, 2018 @ 1:48 pm By Samantha Hurst  |  

German mobile bank N26 announced on Tuesday it is now offering Google Pay in Belgium, Ireland, Slovakia, and Spain. The bank reported it has a strong focus on innovation and its international expansion, along with aiming to  consistently strives to make the most modern products available to its customers…. Read More

April 24, 2018 @ 11:43 am By Erin Hobey  |  

Abu Dhabi Global Market, the international financial centre of Abu Dhabi, UAE (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have today entered into a Memorandum of Understanding (MOU) to co-operate on the establishment of a “Belt and Road” Exchange in ADGM.  This… Read More

April 24, 2018 @ 10:47 am By Samantha Hurst  |  

UK-based fintech Humaniq announced on Tuesday it has implemented additional bioID settings that will act as an extra safeguard be integrated into Humaniq app, which the company reports has already had more than 100,000 downloads in the Google Play store. Humaniq reported: “Humaniq is seizing the opportunity… Read More

April 24, 2018 @ 9:44 am By Samantha Hurst  |  

UK fintech Finastra announced on Tuesday its blockchain-based solution, Fusion LenderComm, is now commercially available as an app on R3’s Corda platform for financial institutions operating in the syndicated lending market. The launch was announced at the LSTA Operations Conference in New York. Finastra reported that following a pilot,… Read More

April 23, 2018 @ 2:45 pm By Samantha Hurst  |  

FIS (NYSE:FIS), a financial services and payment technology firm, announced last week Customers Bank is one of the latest community-based financial institutions to implement its modern core banking platform. According to FIS, the new core banking platform provides a more intuitive and easy-to-navigate user interface, integrated digital… Read More

April 23, 2018 @ 9:24 am By Samantha Hurst  |  

Innovative platform Plug and Play, along with startup hub TechQuartier, announced on Monday that Aareal Bank, BNP Paribas, Deutsche Bank, DZ Bank and NETS Group are the first five corporate partners to join their fintech program based out of Frankfurt. According to the organizations, the partnership, known as “Fintech Europe,” will… Read More

April 20, 2018 @ 9:16 pm By Samantha Hurst  |  

On Friday, Central Bank of Ireland announced it will launch an innovation hub and an industry engagement program to keep up with fintech and regulatory landscapes. During her speech at UCC’s Financial Services Innovation Centre, Derville Rowland, Director General of Financial Conduct at Central Bank,… Read More

April 20, 2018 @ 3:00 pm By Samantha Hurst  |  

BBVA announced earlier this week new categories for its upcoming BBVA Open Talent fintech competition. The company reports that this year’s competition is looking for “the best and brightest” ideas that will shape the future of financial services, with three prizes available. BBVA then revealed a… Read More

April 20, 2018 @ 12:00 pm By Samantha Hurst  |  

Brazilian fintech startup Nubank announced earlier this week the launch of its new facial biometrics feature, AccessoBio. According to various reports, the fintech firm will now use the AccessoBio tool to help prevent identity fraud in credit card transactions. ZDNet noted that Nubank believes the introduction of… Read More