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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
ti&m and aixigoPartner to Digitize Wealth Management.
TransferWiseInks International Payments Deal with EQ Bank.
Coinbase’s New Partnership Helps Give Back with Crypto.
Around the web
ThetaRayNames Edward Sander as Chief Product Officer.
Frontier Communications deploysNeustarCertified Caller STIR/SHAKEN technology across its IP network to digitally certify phone calls.
Citi and PayPalexpand partnership for institutional clients.
Worldline and CashSentinelpartner to provide a payment solution to comply with Swiss and European online marketplaces.
Alaska USA Federal Credit Union selectsMX to power mobile banking platform.
Minna Technologiesdeepens partnership with OP Financial Group.
Chetucontinues European expansion, opens new UK office.
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.
Splititforges new strategic partnerships with Malaysian payment solution provider iPay88 and global payments company BlueSnap.
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.
SumUppartners with donation software company to help charities to go contactless for Christmas.
TransferWisepartners with Visa to enable real-time transfers to debit cards.
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.
Avaloqcompletes acquisition of Derivative Partners.
TransferWise to offer $150,000 in prize money to Singaporean bank customers to help them defray the cost of hidden fees charged by their banks.
DefenseStormcompletes (SOC)2 Type II Audit examination for its security data platform.
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.
Tradeshiftintegrates with fraud protection specialist SiS-id to reduce payments fraud.
XerolaunchesPay with TransferWise, a new domestic bill payment solution to help U.K. customers pay and manage bills.
Pendo Systemsteams with WSN to help customers navigate digital transformation.
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.
GoCardless has teamed up with TransferWise to launch the first global network for collecting recurring payments via bank debit, reports Jane Connolly of Fintech Futures (Finovate’s sister publication).
Customers of recurring payments fintech GoCardless will be able to collect subscriptions, invoices and installments in over 30 countries, without having to open a new bank account in every relevant country or pay large foreign currency receiving fees.
The new network enables customers to collect payments via multiple bank debit schemes around the world through the GoCardless API, dashboard or partner integrations. The partnership claims that a direct integration to the TransferWise API will provide low cost, convenient and transparent pricing.
“Businesses today have global ambitions, but an antiquated, fragmented and opaque payment system is holding them back,” said Hiroki Takeuchi, CEO and co-founder of GoCardless.
“Our new network represents a major milestone in our mission to fix this broken system. Companies of all sizes can now tap into the only global network for recurring payments, built on the tried and trusted method of bank debit, with real exchange rates powered by TransferWise. This will take the pain out of getting paid and enable every business to operate in a way that’s truly borderless.”
Taavet Hinrikus, chairman and co-founder of TransferWise, added: “Together, we’re setting the new standard for business banking, using new technology to offer cheaper, faster, more transparent services that truly meet the needs of today’s businesses.”
Rolling out in phases from mid-November, the network will allow businesses to receive payments at the real exchange rate in GBP, USD, EUR, SEK, DKK, CAD, AUD and NZD.
TransferWise demonstrated its platform at FinovateEurope 2013. Founded in 2010 and headquartered in London, U.K., the company has raised more than $772 million in funding from investors including Vitruvian Partners and Lone Pine Capital. The firm’s competitors include fellow Finovate alums Revolut and Currencycloud.
Tinkhires Stripe’s former head of EMEA banking as its new Country Manager for the U.K. and Ireland.
DemystDatamakesEquifax data assets available on its marketplace in expansion of current partnership.
Fenergoearns recognition from Chartis Research in its RiskTech 100 2020 report as a category leader for Client Lifestyle Management and Know Your Customer.
RISQ Intelligent Software International and Compliywin finalist spots in the Monetary Authority of Singapore’s Global FinTech Hackcelerator.
Sensibillnamed a “Company to Watch” in Deloitte’s Technology Fast 50 Awards.
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.
eToro’s Latest Acquisition Boosts its Crypto Presence
IBM and Bank of America Partner on Public Cloud for Financial Services
Around the web
DefenseStormnames Chief Revenue Officer Steve Soukup as its new President.
NICE Actimizeintroduces its new Federated Learning capability that offers higher fraud detection via Collective Intelligence.
Fiservinks global agreement with German grocery industry leader ALDI.
GoCardless to use TransferWise’s API, TransferWise for Business product, and provide TransferWise’s FX rates to its customers.
PayKeyformsSBI PayKey Asia, a joint venture with SBI Holdings that will support the sales and market launch of PayKey across the region.
ThetaRaytaps Moran Goldwein as SVP for Human Resources.
Infinex to integrateJemstep’sAdvisor Pro to deliver digital advice to Infinex’s client firms.
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.
Join us in October as our annual Asia-Pacific fintech conference returns to Singapore! FinovateAsia is one of the best ways for fintech startups and innovative industry veterans from the region and around the world to showcase their latest technologies before an audience of C-level decision-makers, venture capitalists, all-star analysts, and more.
For information on how to participate in FinovateAsia as a demoing company, partner, or sponsor, send us an e-mail and we’ll tell you everything you need to know.
Central and Eastern Europe
Business Review looks at the potential for French-Romanian cooperation on fintech innovation.
Relex, a cryptocurrency-based real estate development investment platform, inks agreement with Belarus Currency and Stock Exchange.
Austrian telecom A1 to begin accepting cryptocurrencies as payment.
Middle East and Northern Africa
Emirates NBD introduces the first graduates of its fintech sandbox.
Qatar Financial Centre (QFC) joins the World Alliance of International Financial Centres (WAIFC).
Partnership between NilePay PLC and Zain South Sudan brings the first licensed mobile money service to South Sudan.
Central and Southern Asia
An investment of $110 million will help power Tala’s planned expansion into India.
Khalti, a fintech startup based in Nepal, wins the United Nations Fintech Innovation Fund.
Software Technology Parks of India establishes FinBlue, a Center of Excellence in FinTech, to support emerging fintech startups.
Latin America and the Caribbean
Argentina’s largest national private bank Banco Galicia integrates PFM technology from Strands.
Citi enables biometric authentication for its institutional clients throughout Latin America.
TransferWise announces launch of international transfers from Argentina.
Asia-Pacific
Standard Chartered Bank partners with SAP Ariba to bring financial supply chain solutions to companies in the Asia-Pacific region.
Japanese messaging platform Line teams up with Nomura to launch online brokerage firm geared toward younger, digitally-oriented traders.
Singapore FinTech Association and PwC Singapore look at the demand for talent in the local fintech industry.
Sub-Saharan Africa
Ghananian fintech Bezo Money is among the 11 startups to receive an $100,000 investment as part of its graduation from Pan-African incubator MEST.
Nigerian startup financial services startup Carbon posts its audited financial information online to promote transparency in the country’s tech market.
South African startup Ukheshe raises $500,000 (R7.6 million) for its app that provides payment services for the unbanked.
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.
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.
