Tagged: fintech

March 21, 2018 @ 12:10 pm By Samantha Hurst  |  

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Wednesday it was opening of its new European Innovation and Investment Center in London. According to Motive Partners, the 14,000 sq. ft. space that will facilitate and drive collaborative… Read More

March 21, 2018 @ 9:36 am By Samantha Hurst  |  

Block.one, the developer behind blockchain software EOS.IO, and fintech investment company FinLab AG announced they have teamed up to launch a $100 million joint venture to accelerate the development of EOS.IO projects in Europe. The EOS.IO software reportedly provides accounts, authentication, databases, asynchronous communication and… Read More

March 20, 2018 @ 12:08 pm By Samantha Hurst  |  

FinTech Sandbox announced on Tuesday that Sageworks, which offers lending, credit risk, and portfolio risk solutions to banks and credit unions, has signed on to be its new data partner. According to the organization, Sageworks will make banking and indices data available to early-stage fintech startups… Read More

March 20, 2018 @ 11:10 am By Samantha Hurst  |  

Swiss Fintech Temenos (SIX: TEMN) announced on Tuesday it has formed a partnership with MAINSYS, a provider of IT services to the Belgian financial services sector. According to Temenos, the new partnership brings together MAINSYS’ knowledge and experience in providing digitalization services for the banking sector,… Read More

March 20, 2018 @ 10:02 am By Samantha Hurst  |  

Tyro, an Australia-based challenger bank, announced last week the launch of its new feature, “Tap & Save.” According to the fintech startup, Tap & Save allows merchants to save money by processing debit tap-and-go payments through the more economical eftpos network. Tyro reported that Tap &… Read More

March 20, 2018 @ 7:55 am By Samantha Hurst  |  

AutoGravity, a fintech provider modernizing the way consumers buy and finance automobiles, announced on Tuesday INFINITI Financial Services has joined its automotive shopping and financing platform. According to AutoGravity, consumers will now be able to select any INFINITI vehicle and see finance offers from IFS… Read More

March 19, 2018 @ 4:15 pm By Samantha Hurst  |  

UK-based fintech Finastra announced last week it was selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive its digital transformation initiatives. Finastra reported its technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance… Read More

March 19, 2018 @ 3:35 pm By Samantha Hurst  |  

On Monday, UK-based challenger bank Monzo announced it has achieved half a million current accounts. The company launched its current accounts in October last year and since then, thousands of users have upgraded their accounts or signed up to start using Monzo’s banking products. “This… Read More

March 19, 2018 @ 11:04 am By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced last week it has signed a financial strategy agreement with Alibaba. According to Qupital, The collaboration enables qualified Gold Supplier members of Alibaba to free up working capital easier through its platform. It was also reported: “Under this agreement, Alibaba Gold… Read More

March 19, 2018 @ 10:41 am By Samantha Hurst  |  

UK banking giant Barclays has teamed up with seven watchmakers to bring its bPay wearable payment technology to timepieces. The companies that Barclays is now working with on the project are Guess Watches, Mondaine, Timex, Kronaby, Suunto, Adex, and LBS. According to Finextra, Timex is… Read More

March 19, 2018 @ 9:29 am By Samantha Hurst  |  

German mobile bank N26 has secured €110 million during its Series C funding round, which was co-led by Allianz X, the digital investment unit of Allianz Group, and Tencent Holdings Ltd., a provider of internet value-added services in China. This news comes nearly six months after… Read More

March 16, 2018 @ 11:23 am By Samantha Hurst  |  

ScratchWorks, a fintech accelerator that connects tech startups with wealth management leaders to advance the digital transformation of the financial services industry, announced on Thursday the finalists for its fintech competition. The three finalists will pitch their respective companies to the ScratchWorks founders during a… Read More

March 15, 2018 @ 10:29 pm By Samantha Hurst  |  

On Thursday, UK fintech startup ClearScore announced it was acquired by credit data firm Experian. According to various reports, the company was purchased for £275 million. Founded in 2015, ClearScore describes itself as one of the leading fintech businesses in the UK. It aims to change… Read More

March 15, 2018 @ 1:00 pm By Samantha Hurst  |  

On Wednesday, Queen City Fintech Accelerator announced its Spring 2018 cohort. According to the program, of nearly 150 applications from 18 countries and 20 states, only ten fintech companies were selected for the twelve-week accelerator, which begins on March 26th and concludes with the Fintech… Read More

March 15, 2018 @ 10:24 am By Samantha Hurst  |  

Pangea Money Transfer, a mobile-centric remittance platform for sending money from the U.S. to 15 countries across Asia and Latin America, announced on Wednesday it has dropped its flat-rate money transfer fee for senders to India by more than 20% from $4.99 down to $3.95…. Read More

March 15, 2018 @ 8:57 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017. The company reported that in the fourth quarter of 2017, it facilitated RMB 13,438.5 million (US$2,065.5 million)… Read More

March 15, 2018 @ 8:44 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Thursday the launch of its first wave of accounting system integrations for its new end-to-end spend management platform. According to AvidXchange, as part of the 2017 Ariett acquisition, the… Read More

March 13, 2018 @ 11:58 am By Samantha Hurst  |  

Just two months after the finalization of its purchase of Harrods Bank, UK challenger bank Tandem has acquired money management app Pariti.  Founded in 2014, Pariti is described as a free mobile app that connects to users’ different banking accounts and credit cards to provide… Read More

March 12, 2018 @ 12:04 pm By Samantha Hurst  |  

FinFit, a U.S.-based fintech that provides more than 80,000 American companies with a financial wellness benefit platform, announced on Monday the closing of a $35 million senior credit facility with Ares Management. The company stated it has the ability to increase the senior credit facility… Read More

March 12, 2018 @ 8:19 am By Samantha Hurst  |  

South by Southwest (SXSW) Conference & Festivals announced over the weekend the winners of the 10th annual Accelerator Pitch Event, which took place March 10th-11th during the Startup & Tech Sectors Track at the Downtown Hilton Austin. The event’s organizers also reported in addition to the 10 winners… Read More