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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Askari Bank selectsFinastra’s trade finance solution.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
DriveWealthpartners with Bamboo to give Nigerians real-time access to trade 3,500+ stocks listed on the U.S. stock market.
OnDeckbuilds liquidity with new $125 million securitization.
Salt Edgeteams up with Exprivia to expand access to open banking solutions.
Insuritaspartners with Security Federal Savings Bank to launch digital insurance agency platform.
Coinbaseadds five new currencies to its Coinbase Card – XRP, BAT, REP, ZRX, and XLM – as it brings its card to ten new countries.
MastercardlaunchesMastercard Accelerate, a worldwide initiative that gives fintechs access to the company’s suite of digital solutions to help differentiate their offerings.
Finastrainks partnership with UAE-based United Arab Bank, which will deploy the company’s Fusion Corporate Channels and Fusion Cash Management solutions.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
LidyaLaunches SME Lending Platforms for Poland and Czech Republic.
Around the web
CU Broadcast featuresLarky CEO and Co-founder Gregg Hammerman.
eToropartners with The TIE to develop unique sentiment-driven investment strategies for traders.
TrustlylaunchesTrustly Live to bring instant cashless payments to land-based casinos and sportsbooks.
Home Bank renews relationship with Baker Hill, adding Baker Hill NextGen CECL and Baker Hill NextGen Business Loan Origination.
Salt Edge to power PSD2 API for Habib Bank AG Zurich.
Chetuearns #3 for dollar growth and #15 for percentage growth at the SFBJ technology awards 2019.
Insuritas to power bank-owned insurance agency for Signature Bank of Georgia Partners.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
TransferWiseannounces that TransferWise for Banks is now live in the U.S, enabling FIs in the states to integrate with the international money transfer specialist.
Onfidoforges strategic partnership with blockchain-based, e-voting provider Agora.
Digital mortgage solution provider BeSmarteeintegrates with cloud communications platform Twilio.
Jack Henry & Associatesearns spot in the top 15 of the IDC Financial Insights’ 2019 DC FinTech Rankings.
In partnership with Radius Bank, MaxMyInterestlaunchesMax Checking, a new FDIC-insured offering with high-interest yields and no minimums or fees.
Salt Edgeunveils its partner program to help companies get access to open banking channels.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Credit SesameRaises $43 Million in Advance of IPO.
Around the web
Salt Edgemarks 400+ integrations with open banking APIs.
Payfoneteams up with Digital Matrix Systems to help companies fight fraud.
Fenergoappoints Louise O’Connell to the newly created role of Chief Customer Officer.
StrategyCorpsbrings on former Geezeo executive, Bryan Clagett.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Transferwisegoes live with new debit cad for customers in Australia and New Zealand.
Finastrainks cloud banking deal with U.K. neo bank Gravity.
Argentina’s largest national private bank Banco Galicia integrates PFM technology from Strands.
Overbond to open three AI analytics labs in Montreal, Quebec, Canada to support R&D in bond pricing.
Vymohires Rajesh Sabhlok as its new Chief Customer Officer, with an emphasis on Japan and APAC.
BlueRushannounces strategic partnership with InfoSlips.
Artivestnames Martin Bealieu, formerly executive chairman, as new CEO.
Lendio’s marketplace lending franchise program tops $50 million in loans facilitated via its platform.
Ignite Salesunveils the latest version of its customer engagement platform, Ignite Neuro 2.0.
Salt Edgeincreases the total number of connected banks in the E.U. to more than 300.
Experianunveils new configurations of its Ascend Analytical Sandbox.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Digital Finance Institute featuresEthoca, Financeit, Flybits, Horizn, On Deck Canada, Salt Edge, Sensibill, and TickSmith in its look at the top fintech companies in Canada in 2019.
AdviceRobolaunches new pan-European PSD2 categorization and default prediction API for lenders, CatRobo.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
A new collaboration between SaaS banking engine Mambu and open banking solution provider Salt Edge will help FIs become more PSD2 compliant and, in the process, accelerate fintech innovation in the banking sector.
Salt Edge CEO Dmitrii Barbasura highlighted the company’s significant background in helping FIs become PSD2 compliant faster and with less cost, having launched more than 60 PSD2 API sandboxes this spring. “(Our) vision is to transform the way financial institutions interact with each other under the aegis of the PSD2 and other open banking initiatives,” he said. “One of our main specializations is building open banking APIs for interoperability between banks, payment service providers, and end customers.”
The collaboration stems from a partnership between the two companies launched last month that will give account servicing payment service providers (ASPSPs) working with Mambu the ability to gain PSD2 compliance without having to develop their own in-house, public APIs.
“Mambu continuously works to bring best of service partners to our ecosystem marketplace to help in composing innovative financial services architectures,” Mambu Chief Product and Technology Officer Ben Goldin said. “We chose Salt Edge, as they are a leader in open banking and are a good match in their service approach and company culture. Salt Edge’s capabilities go beyond a single region or standard, which complements a good global presence.”
Salt Edge demonstrated its Open Banking Platform at FinovateEurope earlier this year. The company is connected to more than 3,400 financial institutions in 66 countries, including more than 200 banks in Europe, and has offices in Toronto, London, and Chisinau. In addition to supporting account data and payment initiation, Salt Edge provides added value with data enrichment services such as financial categorization and payee verification during the transaction flow.
Salt Edge earned its Account Information Service Provider (AISP) license from the U.K.’s Financial Conduct Authority (FCA) this spring. The company also announced a new partnership earlier this year, teaming up with U.K.-based money management app Emma.
Berlin, Germany-based Mambu made its Finovate debut at FinovateAsia 2013. The company is also an alum of our developers conference, presentingSmart Consumer Lending: Platform and Scoring Architecture at FinDEVr New York 2016.
More recently, Mambu announced core banking technology partnerships challenger banks in the U.K. and South Africa. The company began the year with a significant fundraising, picking up a $34 million investment via a round led by Bessemer Venture Partners. Co-founder Eugene Danilkis is Mambu’s CEO.
Mambu and Salt EdgeTeam Up to Boost PSD2 Compliance.
RightCapitalPartners with Wealth Manager CircleBlack.
MastercardWorks with P27 to Launch Real Time Payments in the Nordics.
Around the web
Product and pricing control solution provider Zafinannounces alliance with end-to-end IT services firm DXC Technology.
Trade finance and supply chain expert David Hennah joinsIGTB.
LoanScorecard to powerACORN, the new automated underwriting system from Sprout Mortgage.
FinovateFall Best of Show winner SpyCloudtakes home top honors at SourceMedia’s 2019 Digital Banking conference.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Revolutgoes live with support for Apple Pay in 12 additional countries in Europe.
TransferWiseunveils its borderless account in the U.S.
Salt Edgeannounces integrations with more than 200 banks across Europe.
CardFlightoffers Level 2 credit card processing support for SwipeSimple.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.