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• Source limited to: Finextra Research

 2020-08-07 13:00 

Finextra Research

Customers Bank sells BankMobile unit...

Customers Bank has agreed to sell its BankMobile Technologies unit to investment vehicle Megalith Financial Acquisition in a transaction that reflects an enterprise value of $140 million....

 2020-08-07 12:12 

Finextra Research

ICE to buy mortgage software firm Ellie Mae...

Intercontinental Exchange has agreed to buy Ellie Mae from Thoma Bravo in a deal that values the mortgage finance software outfit at around $11 billion....

 2020-08-07 09:47 

Finextra Research

Canada's Smith School opens applications for fintech Masters course...

The Smith School of Business at Queen's University has launched Canada's first fintech Masters course....

 2020-08-07 08:44 

Finextra Research

Indonesian bill payment network Ayoconnect raises $5 million...

Ayoconnect has raised $5 million in pre-Series B funding to bring frictionless payments to Indonesia's fragmented and predominantly offline bill payment landscape...

 2020-08-07 08:22 

Finextra Research

A tale of two banks: Monzo vs Starling...

While other digital challengers struggle to keep afloat during the pandemic, Starling Bank says it remains on course to reach profitability by the end of 2020, overseeing significant growth in staff, customers numbers and its loan book over the past year....

 2020-08-06 23:01 

Finextra Research

Fed instant payments project full steam ahead...

The Federal Reserve is working hard to get its FedNow real-time payment and settlement service up and running as quickly as possible, according to governor Lael Brainard, who says the Covid-19 fallout has highlighted the importance of ensuring people have...

 2020-08-06 23:01 

Finextra Research

Goldman puts McDermott in charge of digital assets team...

Goldman Sachs is stepping up its efforts in the crypto and blockchain space, making Mathew McDermott, a managing director at the bank, global head of digital assets and giving him the green light to double his team's headcount, according to CNBC....

 2020-08-06 23:01 

Finextra Research

RBI plans offline digital payments pilot, sets up innovation hub...

The Reserve Bank of India is prepping an offline digital payments pilot to encourage the migration from cash in rural areas that lack internet connectivity....

 2020-08-06 18:11 

Finextra Research

Capital One fined $80m for massive 2019 hack...

Capital One has agreed to a $80 million fine from US regulators over a 2019 hack which exposed the personal information of more than 100 million customers and applicants....

 2020-08-06 12:16 

Finextra Research

BoE increased Monzo capital demands during fundraising - FT...

The Bank of England temporarily increased the capital requirements for Monzo as the challenger bank looked to raise funds earlier this year, according to the Financial Times....

 2020-08-06 09:41 

Finextra Research

What does Apple's acquisition of Mobeewave mean for banks?...

Apple's acquisition of Mobeewave, a Canadian-based startup that allows merchants to use their smartphone as payment terminals by a simple tap of the card, could have serious implications for banks, according Christoffer O. Herns, chief technical offic...

 2020-08-06 08:20 

Finextra Research

Fintech mega-rounds keep sector afloat in Q2, although deal activity dips...

After a pronounced pullback in investor activity during the early days of Covid-19, the fintech funding cycle roared back into life in Q2 2020 as a number of mega rounds came to fruition....

 2020-08-05 23:01 

Finextra Research

Splitit secures $71.5m...

Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan....

 2020-08-05 16:15 

Finextra Research

AFME: Support banks in reducing investment in high carbon emitting sectors, don't punish them...

In light of the European Commission's call for comment on the Renewed Sustainable Finance Strategy, the Association for Financial Markets in Europe (AFME) posited that the cornerstone of future policies should be transition in the real economy non-fin...

 2020-08-05 15:30 

Finextra Research

Regtech kompany raises 6 million...

Business verification and KYC regtech kompany has raised almost 6 million in a funding round led by Fairway Global Investment together with Global Brain....

 2020-08-05 12:28 

Finextra Research

UK competition watchdog moves in to block FNZ/GBST merger...

The UK's Competition and Markets Authority has provisionally blocked FNZ's proposed takeover of rival retail investment platform GBST, concluding that it could lead to higher costs and lower quality services for Brits....

 2020-08-05 09:55 

Finextra Research

'Smartbank' Sync. raises 5.5 million seed round...

Sync., a multicurrency bank account aggregation and personal financial management service founded by Revolut's former head of product design and strategy, has closed a 5.5 million seed round as it prepares to launch in Europe....

 2020-08-05 08:48 

Finextra Research

Wirecard debacle costs Commerzbank 175 million in bad loans...

Germany's Commerzbank has written off 175 million in loans made to collapsed payment processor Wirecard, a figure which is likely to push the bank into the red for the full year....

 2020-08-05 08:01 

Finextra Research

Spanish challenger Bnext banks a further 11 million...

Spain's first alternative banking app Bnext has raised a further 11 million as an extension to a 22 million Series A financing round secured in October....

 2020-08-04 23:01 

Finextra Research

Small businesses change behaviour to weather Covid-19 storm...

More than two thirds of small and micro businesses have tried a new approach to accepting payments during the Covid-19 pandemic, according to a global Visa survey....

 2020-08-04 23:01 

Finextra Research

Standard Chartered partners Truera to combat bias in AI...

Standard Chartered is teaming up with US outfit Truera to help tackle unjust bias in AI-assisted decision making....

 2020-08-04 13:03 

Finextra Research

Machine learning: foe and friend for market surveillance...

The rise of machine learning in trading is posing new challenges for market surveillance, but the technology could also be a useful tool for identifying abuse risks, according to a report from the FICC Markets Standards Board (FMSB)....

 2020-08-04 10:06 

Finextra Research

Covid-19 claims TechHub...

London's TechHub has been forced into administration due to a revenue drain from startups feeling the pain of the Coronavirus pandemic....

 2020-08-04 09:05 

Finextra Research

Singapore establishes Asian Institute of Digital Finance...

The Monetary Authority of Singapore is to set up a specialist research institute to groom the next generation of fintech leaders....

 2020-08-04 07:54 

Finextra Research

Grab goes deeper into financial services...

South East Asian super app Grab has further extended its remit into financial services with the launch of its first micro-investment service, third-party loan platform and 'buy-now-pay-later' products for e-commerce websites...

 2020-08-03 23:01 

Finextra Research

NAB adjusts branch model to accomodate remote services...

NAB is adjusting its regional branch model, cutting operating hours for over-the-counter services to mornings only and redeploying staff to online and video chat in the afternoons....

 2020-08-03 23:01 

Finextra Research

NAB adjusts branch model to accommodate remote services...

NAB is adjusting its regional branch model, cutting operating hours for over-the-counter services to mornings only and redeploying staff to online and video chat in the afternoons....

 2020-08-03 14:35 

Finextra Research

Google to offer co-branded accounts with eight US banks...

Eight US banks have teamed up with Google to launch mobile-first bank accounts within the Google Pay app....

 2020-08-03 14:34 

Finextra Research

Webinar - The Art and Science of Customer Relationships...

Accurately quantifying customer experience can seem an immensely nebulous task. While the benefits of improving this are evident, there is no clear method of measuring it....

 2020-08-03 12:55 

Finextra Research

BNY Mellon, Citi and Visa join $35m round in Volante...

Volante Technologies has raised $35 million in growth equity financing led by Wavecrest Growth Partners with participation from BNY Mellon, Citi Ventures, PostePay and Visa....

 2020-08-03 10:44 

Finextra Research

Apple acquires softPOS firm Mobeewave...

Apple has reportedly acquired Canadian SoftPOS company Mobeewave in a deal which could see iPhone's turned into contactless payment terminals....

 2020-08-03 09:53 

Finextra Research

FinGo adds test and trace capability to vein mapping payment app...

Biometric vein mapping from FinGo is to be used by Manchester cocktail bar and restaurant The Alchemist to provide proof-of-age, payments and test and trace capabilities through a simple scan of the user's finger....

 2020-08-03 08:56 

Finextra Research

Metro Bank acquires P2P lender RateSetter...

Metro Bank is to buy distressed P2P lender RateSetter for a bargain basement initial price of 2.5 million....

 2020-08-03 08:16 

Finextra Research

Iwoca calls on UK banks to refer SMEs awaiting Covid relief to alternative lenders...

UK fintech business lender iwoca is calling for greater collaboration with the nation's largest banks after raising 100 million to support SME's seeking financing through the Coronavirus Business Interruption Loan Scheme (CBILS)....

 2020-08-03 07:59 

Finextra Research

DayTek Capital granted licence for new Oz challenger Infinity...

DayTek Capital, an Australian firm building a new digital bank, has been granted an Australian Financial Services Licence....

 2020-08-02 23:01 

Finextra Research

Alipay and WeChat Pay could face antitrust investigation - Reuters...

China's antitrust agency is pondering an investigation into Alipay and WeChat Pay after the country's central bank raised concerns about the mobile payment behemoths, according to Reuters....

 2020-07-31 16:41 

Finextra Research

Webinar - Making Machine Learning for Fraud Detection work harder, and smarter...

Digital payments offer better, faster experiences for customers but there's no avoiding the increased levels of associated risk for FIs....

 2020-07-31 13:00 

Finextra Research

Varo Money granted national bank charter...

Varo Money has become the first US consumer fintech firm to be granted a national bank charter, enabling the digital challenger to offer a full suite of FDIC-insured services....

 2020-07-31 12:24 

Finextra Research

CVS to introduce PayPal and Venmo QR code payments...

US retail giant CVS Pharmacy is set to roll out PayPal and Venmo QR code technology at all of its 8200 stores...

 2020-07-31 11:01 

Finextra Research

Slovak crypto platform raises 1m...

AltFINS, a Slovakia-based trading platform for digital assets has announced the completion of a funding round in which it raised over 1m....

 2020-07-31 09:37 

Finextra Research

LSE mulls Milan exchange sale to ease Refinitiv deal...

London Stock Exchange (LSE) is reportedly considering the sale of its Borsa Italiana business in order to appease EU regulators and help ease its proposed takeover of data provider Refinitiv....

 2020-07-30 23:01 

Finextra Research

Metro taps Wipro for IT transformation...

The UK's Metro Bank has inked a multi-year contract with Indian IT services giant Wipro to deliver and transform testing and environment management services....

 2020-07-30 23:01 

Finextra Research

P20 outlines payments industry best practice for a post-Covid-19 world...

Global payments industry group P20 has set out a series of best practice steps for the industry in a post-Covid-19 world....

 2020-07-30 17:33 

Finextra Research

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating...

The fallout from the Covid-19 pandemic casts...

 2020-07-30 13:39 

Finextra Research

DBS trials SingPass face verification for digital banking sign-ups...

DBS is working with Singapore's government to pilot the use of the SingPass face verification technology to sign up customers to digital banking services....

 2020-07-30 12:57 

Finextra Research

BofE picks Accenture for RTGS rebuild...

Accenture has won a deal with the Bank of England to help build the UK's new real-time gross settlement (RTGS) service....

 2020-07-30 11:45 

Finextra Research

US mint facing coin shortage...

The debate about phasing out hard currency in favour of digital alternatives could be set to intensify with news that the US Mint is facing a shortage of coins due to the pandemic....

 2020-07-30 10:53 

Finextra Research

Malaysian exchange trials blockchain bond platform...

Bursa Malaysia is developing a proof-of-concept (POC) for a blockchain-based bond trading venue....

 2020-07-30 09:51 

Finextra Research

Credit Suisse unveils operational restructuring...

Swiss bank Credit Suisse has announced a...

 2020-07-30 08:41 

Finextra Research

StanChar set to resume job cuts...

UK bank Standard Chartered (StanChar) is reportedly set to commence a new round of job cuts after posting a 33% drop in profits for the first half of the year...

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