Tagged: fintech

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

March 9, 2018 @ 8:23 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) announced on Friday it has signed a Memorandum of Understanding (MoU) with the Polish Financial Supervision Authority (KNF) exchanged a Memorandum of Understanding (MoU to enhance fintech collaboration between the two authorities, with a view to strengthening co-operation between… Read More

March 8, 2018 @ 10:12 am By Samantha Hurst  |  

Sentbe, a digital money transfer operator in South Korea, announced this week it has teamed up with TransferTo, a global cross-border mobile payments network for emerging markets to offer its customers greater flexibility and reach to perform real-time money transfers from South Korea to more than 60 countries across… Read More

March 7, 2018 @ 3:37 pm By Samantha Hurst  |  

Entersekt, a South African-based fintech, announced this week it is launching a digital payments enablement product, Connekt, which will add new payment services to banking apps notably quickly and easily. According to the company, Connekt helps financial institutions resolve this quandary. It puts at their disposal… Read More

March 7, 2018 @ 3:11 pm By Samantha Hurst  |  

Digital payment platform Alipay announced this week it has reached a new partnership milestone with Canada-based fintech Motion Pay Technology Inc. According to the company, the partnership has resulted in a significant number of merchants across Canada enabling Alipay at point-of-sale.  According to the duo, Alipay is now accepted… Read More

March 7, 2018 @ 11:54 am By Samantha Hurst  |  

Pockitapp, a new mobile fintech app that lets consumers immediately convert the change from cash transactions and sends it to their phone, is now available to retail and food establishments in Orlando, Florida. Founded in 2016, Pockit’s mission is to convert physical change into digital currency… Read More

March 7, 2018 @ 11:36 am By Samantha Hurst  |  

Global Fintech Hub LATTICE80 announced on Wednesday it has signed a memorandum of understanding (MoU) with Nanyang Polytechnic mid last year in 2017 to offer a first-of-its-kind fintech experience programme for its year 1 and 2 students. This news comes just as Lattice80 prepares to launch… Read More