Temenos

Brazil-Mexico Fintech Bromance Continues; Iran to Build Blockchain Network

By David Penn Posted on
Categories: Boku, Finovate Global, Infosys, Temenos

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.

Central and Eastern Europe

  • FintechOS of Romania raises $1.23 million (€1.1 million) in post-seed funding.
  • Elvira Nabiullina, head of the Central Bank of Russia, talks about the state of Russian fintech.
  • Lithuania’s Evarest to launch a stock trading app in the second half of the year.

Middle East and Northern Africa

  • B.R. Shetty’s BRS Ventures Investment backs Dubai-based NewBridge Fintech Solutions.
  • A partnership between Alipay and Turkish payment platform ininal will help Chinese shoppers transact with Turkish merchants.
  • Iran to develop national blockchain network based on IBM Hyperledger Fabric.

Central and Southern Asia

  • Indian B2B payments firm PayMate announces plans to expand to the Middle East
  • Nepal Rastra Bank, the central bank of Nepal, bans Chinese digital wallet Alipay and WeChat Pay over foreign currency earnings concerns.
  • Myanmar’s Global Treasure Bank (GTB) implements Infosys Finacle’s core banking solution.

Latin America and the Caribbean

  • The fintech relationship between Mexico and Brazil grows stronger as Startup Mexico opens its first overseas campus in Sao Paulo.
  • The Association of Fintech Companies of Chile (FinteChile) reports on the “four pillars” of Chilean fintech: Talent, Capital, Regulation, and Demand.
  • The Financial Times looks at Brazil’s Nubank and its efforts to grow in the Mexican market.

Asia-Pacific

  • Temenos partners with UBX to bring digital banking to underserved communities in the Philippines.
  • Singapore-based cross-border payments firm Instarem teams up with Thailand’s KBank.
  • Bank of Shanghai and OCBC deepen strategic partnership.
  • Boku integrates with digital payments solution Grab in order to expand payment options in Southeast Asia.

Sub-Saharan Africa

  • Equities.com features Flutterwave, the company that designed the payments platform for newly-public African e-commerce startup Jumia.
  • Nigeria’s OPay Mobile Money solution reaches 20,000 agents.
  • Safaricom teams up with Vodacom to acquire intellectual property rights to M-Pesa’s mobile financial service platform.

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UBX and Temenos to Deliver Inclusive Digital Banking to Philippines

UBX and Temenos to Deliver Inclusive Digital Banking to Philippines
By Julie Muhn (@julieschicktanz) Posted on
Categories: Temenos

Banking technology vendor Temenos is partnering with UBX to deliver digital banking to millions of unbanked and underserved customers in the Philippines, reports Jane Connolly of Fintech Futures, Finovate’s sister publication.

The fintech subsidiary of UnionBank of the Philippines, UBX has developed a range of plug-and-play services to help rural banks reach customers in remote communities.

These include the blockchain-based i2i turnkey solution, which connects rural banks to each other and to the Philippines’ main financial networks.

Having partnered with Temenos, UBX can now offer core banking software to its partner financial institutions, through Temenos T24 Transact.

Temenos says its cloud-native, cloud-agnostic, API-first banking software will provide greater levels of agility and scalability for rural banks, cooperatives and microfinance institutions.

“At UBX, our mission is to build platforms that bring businesses and people together,” says John Januszczak, CEO of UBX. “As part of that, we provide access to needed technology and services while connecting communities.

“The rural banking community in the Philippines has been championing financial inclusion for decades. Temenos will help us provide the most tailored, innovative and advanced core banking solution to our rural banking customers.”

The partnership aims to deliver digital banking to millions of people over the next five years.

Founded in 1993, Temenos debuted its Connect Mobile Banking application at FinovateEurope 2015 in London. With clients in 145+ countries, Temenos employs more than 4,600 people in 63 offices. The company has a market capitalization of $12.5 billion.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bitbond, Fortress Identity, Infosys, NestReady, Persistent Systems, Temenos

On Finovate.com

  • Infosys to Power GTB’s Digital Strategy in Myanmar.
  • UBX and Temenos to Deliver Inclusive Digital Banking to Philippines.
  • Fortress Identity Teams with Visa.

Around the web

  • Chain.de interviews Bitbond CEO Radoslav Albrecht.
  • Persistent Systems recognized as an Innovator in Avasant’s Internet of Things Services RadarView Report.
  • Daily Entrepreneur interviews NestReady’s CRO Marcos Carvalho.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: Bill.com, CardFlight, Checkbook.io, Plaid, Revolut, Temenos, TransferWise

On Finovate.com

  • Checkbook Teams Up with Event Management Platform Castifi.
  • TransferWise Doubles Valuation with $292 Million Funding.
  • Bill.com Unveils New Intelligent Business Payments Platform.

Around the web

  • CardFlight partners with payment solutions provider Talus.
  • Revolut introduces social savings solution, Group Vaults.
  • Plaid unveils its easy integration toolkit, Plaid Direct.
  • Temenos forges partnership with UBX, the fintech subsidiary of Philippines-based UnionBank.
  • Wipro develops blockchain-based payment solution for Travacoin.

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.

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Finovate Alumni News

By David Penn Posted on
Categories: Digital Onboarding, FICO, LoanScorecard, Neener Analytics, Onfido, PaySend, Segmint, Temenos, Voleo, Xero

On Finovate.com

  • Onfido Delivers ID Verification to Mobility-as-a-Service Firm Drover.
  • Segmint powers data analytics for Buzz Points.

Around the web

  • Paysend announces its new stablecoin will be available on the Stellar Network in June.
  • LoanScorecard forges partnership with Calyx Software, merging its SimpleCECL solution with Calyx’s Path LOS.
  • Digital Onboarding will join Best of Show winners Voleo and Neener Analytics as part of the fourth annual FIS Fintech Accelerator program.
  • Chartis Research recognizes FICO as a category leader in AI for Financial Services.
  • Judo Bank of Australia goes live with Temenos’ T24.
  • Xero launches new feature in the Xero Projects iOS app that suggests project time based on geolocation

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.

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Temenos in Tunisia; Fenergo Backs Blockchain-based KYC in Bahrain

By David Penn Posted on
Categories: ACI Worldwide, Fenergo, Finovate Global, MasterCard, Temenos, Twisto, wipro

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.

Asia-Pacific

  • Singapore-based financial supermarket GoBear scoops up $80 million in new funding.
  • Wipro builds prototype for central bank digital currency project in Thailand.
  • Chinese fintech Pintec Technology opens international headquarters in Singapore.

Sub-Saharan Africa

  • Chipper Cash, an African cross-border payment startup, raiseded $2.4 million in funding – including a contribution from football Hall of Famer Joe Montana’s Liquid 2 Ventures.
  • Central Bank of Kenya and the Monetary Authority of Singapore to launch the first Afro-Asia Fintech Festival.
  • Remoney wins Innovation in Lending award at the Nigerian Fintech Awards.

Central and Eastern Europe

  • Twisto closes $15.7 million capital raise.
  • Estonia tightens regulations on granting virtual currency licenses.
  • Partnership between Wirecard and Orange Money to bring digital payment services to Eastern Europe.

Middle East and Northern Africa

  • Fenergo supports Bahrain’s blockchain-based KYC.
  • ACI extends partnership with Vocalink into Saudi Arabia to facilitate the adoption of real-time payments through ACI’s UP Real-Time Payments solution.
  • Tunisian bank selects Temenos to drive digital transformation and future growth.

Central and Southern Asia

  • New Indian Express features digital piggy bank, Wizely.
  • Zawya looks at the potential for Islamic banking and finance in Uzbekistan.
  • YourStory profiles year-old fintech startup, Nira.

Latin America and the Caribbean

  • Mastercard partners with Edenred and northern Mexico state of Sonora to trial biometric cards.
  • Brazilian fintech Nubank goes live in Mexico.
  • Bolivia launches interoperable payment solution using QR codes.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: BlueVine, Diebold, Entersekt, InComm, Kabbage, Kantox, Kofax, Micronotes, Temenos, Top Image Systems

On Finovate.com

Around the web

  • Kofax closes acquisition of Top Image Systems.
  • Silicon Canals lists Kantox among 10 hottest Barcelona fintech startups to work for in 2019.
  • PYMNTS interviews Entersekt’s country manager of Canada Christian Ali.
  • Tunisian bank selects Temenos to drive digital transformation and future growth.
  • Diebold Nixdorf expands partnership with Belgian-owned Belfius Bank and Insurance to improve the UX for the bank’s 3.5 million consumers.
  • BlueVine and Nationwide partner to launch Pitch to Win small business contest with $100,000 prize.
  • Kabbage partners with the Building Trades Employers’ Association to provide members, specifically women and minority-owned business contractors, access to funding.
  • Micronotes sees triple-digit YOY client growth in Q1 2019

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.

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Finovate Alumni News

By David Penn Posted on
Categories: aixigo, Bento for Business, Biometric Signature ID, Fintech OS, Klarna, Kony, Temenos, Tradeshift, Trunomi, Voleo

On Finovate.com

  • Germany’s aixigo Forges Strategic Partnership with Synpulse.
  • The Rise of AI and the Role of the Customer in Fintech.

Around the web

  • Payment service provider Truevo to deploy front office and core banking solutions from Temenos.
  • Klarna launches global customer authentication platform for multinational businesses.
  • Fintech OS announces new Chief Revenue Officer Leon Stevens.
  • Best of Show winner Voleo takes home the 2019 Best Stock Trading App award in the Investment category of the FinTech Breakthrough Awards.
  • Trunomi unveils new website, branding.
  • Kony teams up with Okta to provide ID management and MFA.
  • FindBiometrics interviews Jeff Maynard, CEO and Founder of Biometric Signature ID.
  • Tradeshift to power supplier solutions for Axfood.

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.

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Virtual Banks Launch in Hong Kong; Can Bitcoin Save Argentina?

By David Penn Posted on
Categories: Finovate Global, Temenos

Finovate Global 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

  • Nigerian payments company Amplify has been acquired by OneFinance (OneFi). Terms of the deal were not disclosed.
  • Tech in Africa profiles Kenyan fintech Branch.
  • Compelo features insurtechs and savings platforms in its presentation of African tech startups “looking to go global.”

Central and Eastern Europe

  • Bank 131, Russia’s first new bank in four years, to specialize in serving online businesses.
  • Estonian cryptocurrency exchange Jubiter launches debit card.
  • Business Review looks at opportunities for Romanian entrepreneurs in the fintech market in the CEE region.

Middle East and Northern Africa

  • Etihad Credit Insurance teams up with First Abu Dhabi Bank to help UAE companies manage trade finance.
  • Egyptian cloud-based payroll service Dopay picks up €1 million line of credit from the Massif Fund.
  • Emirates NBD and Fintech Hive announced launch of API sandbox.

Central and South Asia

  • Pakistan’s first microfinance bank, Khushhali Bank, goes live with Temenos’ T24 core banking system.
  • Google Play to launch gold-backed investment plans in India.
  • Indian core banking system provider Nelito Systems inks deal with Myanmar’s Alliance for Microfinance.

Latin America and the Caribbean

  • Mexico-based lender Credijuto announces $100 million credit facility courtesy of Goldman Sachs.
  • Investor Tim Draper makes the case for Argentina to embrace bitcoin.
  • T13 considers the slow progress of fintech regulation in Chile. In Spanish.

Asia-Pacific

  • ZhongAn earns virtual banking license from Hong Kong Monetary Authority.
  • ING and Bank of Beijing invest $447 million in a new digital bank in China.
  • Standard Chartered partners with Ctrip Finance to launch virtual bank in Hong Kong.

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Finovate Alumni News

By Julie Muhn (@julieschicktanz) Posted on
Categories: AlphaPoint, Capsilon, Enova, Gusto, Temenos, WorldPay

On Finovate.com

  • Worldpay Goes Australasia.
  • Capsilon Beta Launches Digital Underwriter.

Around the web

  • Temenos partners with Canada Life to support UK life and pension funds accounting.
  • Enova Decisions Announces Joint Venture with China Financial.
  • AlphaPoint enhances technology stack to service security token issuance and exchange customers.
  • Gusto names Kenny Wyatt as Chief Sales Officer.

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.

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PayPal in Argentina; Temenos Backs African Challenger Bank

By David Penn Posted on
Categories: ACI Worldwide, ArthaYantra, Bluefin Payment Systems, BLUERUSH, Experian, Finovate Global, iSignthis, NCR Corporation, PayPal, Sberbank, Temenos, ThreatMetrix, Tinkoff Bank

Finovate Global is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Latin America and the Caribbean

  • PayPal invests $750 million in Argentina-based e-commerce company MercadoLibre.
  • First Data to acquire Brazilian electronic funds transfer (EFT) solution provider Software Express.
  • NCR, Bluefin, and Powertranz team up to support POS card processing for Caribbean quick serve restaurants.
  • BlueRush deploys its Individeo platform with a large Colombian bank courtesy of a partnership with Bee Concept.
  • The Wall Street Journal looks at how global FIs are gaining interest in the Latin American alternative lending market.

Asia-Pacific

  • Experian launches Singapore-based incubator, Experian X Labs.
  • South Korean crypto company Kakao raises $90 million via private coin offering.
  • Thai Stock Exchange to launch a digital asset exchange next year.

Sub-Saharan Africa

  • Front office and core banking technology from Temenos to drive digital revamp for African challenger bank, Vista Bank.
  • Financial Software and Systems takes 46% stake in South Africa’s Ecentric Payment Systems.
  • South Africa’s second largest retail bank, Capitec, extends its partnership with ACI Worldwide.
  • ThreatMetrix teams up with Blue Turtle Technologies to help market its fraud prevention solution to customers in Africa.

Central and Eastern Europe

  • Tinkoff Bank reports 2018 highlights including launch of new mortgage app, a joint P2P money transfer offering with Sberbank, and more than 2.7 million new active credit customers.
  • iSignthis Inks Banking and Payments Deal with Ibanera.
  • Bulgaria-based Software Group scores €18 million loan from Europe Investment Bank.
  • EU Startups features lending platform Inlock its look at 10 Hungarian startups to look out for in 2019.
  • Bulgaria’s Municipal Bank to deploy new core and payments solutions from Oracle.

Middle East and Northern Africa

  • Dubai International Financial Center (DIFC) launches $10 million fund for fintech startups in the MENA region.
  • Commercial Bank of Qatar joins R3.
  • Credit scoring solution provider Creditinfo opens regional hub in Muscat following new strategic partnership with the Central Bank of Oman.

Central and South Asia

  • ArthaYantra wins Fintech of the Year (India) at The Asset Triple A Digital Awards.
  • Africa’s Naspers plans to spend $1 billion on investments in Indian fintechs.
  • Standard Chartered’s SC Ventures division to launch digital platform for Indian SMEs.

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Finovate Alumni News

By David Penn Posted on
Categories: Biometric Signature ID, Envestnet, Finanteq, HooYu, IBM, PayPal, Temenos, wipro, WorldPay

On Finovate.com

  • IBM Debuts Blockchain Network for Cross-Border Payments.
  • Finovate Global: PayPal in Argentina; Temenos Backs African Challenger Bank.

Around the web

  • Envestnet to acquire PIEtech, maker of MoneyGuide, in $500 million deal.
  • HooYu partners with online lottery betting operator, Lottomart, to help the Gibraltar-based firm meet AML requirements.
  • Wipro launches its AI and machine learning-powered accounts payable, KYC, and other solutions on Amazon Web Services.
  • Polish neo bank Nest Bank unveils new lifestyle services module, Finanteq’s SuperWallet, to its mobile banking app.
  • FindBiometrics interviews Biometric Signature ID CEO, President, and founder, Jeff Maynard.

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.

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