PayPal Strengthens Lending Arm with Swift Financial Acquisition

PayPal has apparently not taken vacation this summer. After a surge of partnerships, the payments company announced it will acquire Swift Financial, a U.S.-based small business lending platform. Terms of the deal, which is expected to close later this year, were not disclosed. Delaware-based Swift Financial has provided working capital to thousands of small businesses Read more…

Finovate Alums Among SWIFT Innotribe’s Startup Challenge Finalists

With more than 280 companies applying, and 47 companies selected to compete, the Innotribe Startup Challenge is down to the top 15 companies that will move on to the Grand Finale. And six of the companies to advance are Finovate alums. The Innotribe Startup Challenge is part of Sibos, the conference held by SWIFT each Read more…

KlickEx Takes Home Top Startup Prize at Swift’s Innotribe Challenge

At Swift’s Innotribe last week, a group of startups pitched their latest fintech innovations to a group of banks, VCs, and tech gurus. The 14 companies, who were selected from a pool of 200 applicants, were given 6 minutes each to pitch the audience. Realty Mogul, P2P Cash, and recently-acquired Good April were among the companies vying Read more…

Does COVID-19 Spell the End of Globalization? Trust in a Time of Crisis

As parts of the world inch toward a new normal in the face of the COVID-19 pandemic, fintech companies – including our Finovate alums – are increasingly finding their footing in an environment of health and financial insecurity. Companies are developing solutions to make it easier for small businesses, for example, to access relief funding. Read more…

Cybersecurity: The Hidden Risks of Fintech Services

The following is a guest post written by Apoorv Gehlot, founder of Matellio LLC, a software engineering studio based in California. Fintech has drastically improved the products and the services of the traditional financial services in the past few years. However, even after many financial institutions have readily adopted fintech services, there are still some Read more…

Temenos Teams Up with Eurobank, Bank of Khyber

Eurobank Group is to overhaul its core and digital banking with Temenos’ T24 Transact and T24 Infinity, reports Martin Whybrow of Fintech Futures (Finovate’s sister publication). The project will cover the group’s international operations. It will start in Cyprus, with the intention of swiftly moving on to Eurobank Private Bank Luxemburg, with Eurobank Bulgaria AD (Postbank) Read more…

Finovate Alumni News

On Finovate.com Gusto Teams with Trainual to Automate Job Role Training. Finovate Global: Finn AI Powers Chatbots in South Africa; Token Drives Open Banking in MENA. Around the web Green Dot helps Walmart customers move more than $2 billion through the program’s virtual Vault savings program. Top Image Systems shareholders approve acquisition by Kofax. BuyerQuest Read more…

iSignthis Inks Banking and Payments Deal with Ibanera

Ibanera has become the first iSignthis client to integrate core banking (CorePlus), SEPA and Swift interbank network technology (CoreConnect) to prospective customers, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). These products are offered via iSignthis’ wholly owned subsidiaries Probanx and UAB Baltic Banking Service (BBS).The parent company has said it is integrating the Read more…

BlueVine Teams Up with Bullhorn to Help Finance Staffing Firms

Online invoice factoring innovator BlueVine has teamed up with recruitment industry software provider Bullhorn to give the company’s SME customers better financing options. Bullhorn is a cloud computing firm that specializes in helping staffing and recruiting companies better serve SMEs. This new partnership will provide yet another way for the company to support the business Read more…

Euro Exim Bank Joins RippleNet

Euro Exim Bank has signed up for Ripple’s payment network RippleNet – putting its digital currency XRP on a potential path to replace correspondent banking, reports Antony Peyton of Fintech Futures (Finovate’s sister publication). The bank was one of the 13 new financial institutions that have signed up for RippleNet. The others comprise SendFriend, JNFX, Read more…

Finovate Global: Fintech News from Around the World

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe. Sub-Saharan Africa Mastercard partners with Kenya-based PSP, DGO Group, to enable 40,000+ African merchants Read more…

Finovate Alumni News

On Finovate.com De Novo for the New Year: Mi BANK Teams Up with Fiserv. Around the web Sberbank enables users of its Sberbank Online app for Android to apply for loans without visiting a bank office. National Bank of Kuwait (NBK) unveils SWIFT Global Payments Innovation (gpi) services courtesy of partnership with ACI Worldwide. PayPal Read more…