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The big changes we are seeing in the realm of customer engagement have to do with inevitable trends becoming immediate demands. Whether the need is reaching customers over the digital channel for the first time or automating and streamlining processes to improve efficiency and maximize productivity, the global health pandemic has been the midwife – Read more…
After 35 years in operation, Swiss-based digital banking solution provider Avaloq has agreed to be acquired by Japan’s NEC Corporation. The deal, in which NEC will buy 100% of the company’s shares from existing shareholders, valued the Swiss firm at more than $2.2 billion (CHF 2.05 billion), is billed at enabling Avaloq to “accelerate” its Read more…
This year has brought on a lot of changes for U.S. businesses and individuals alike– some for the worse, and others for the better. One change that fits into the latter category– open banking– has heated up in 2020. There are four indications that the U.S. may be at a tipping point when it comes Read more…
Here’s a bit of news that slipped beneath our radar: online investing platform Artivest, which made its Finovate debut six years ago at FinovateSpring, is now a part of the iCapital Network. iCapital announced its intention to acquire the New York-based firm this spring and in August, announced that the transaction has been completed. The Read more…
A new investment of $20 million takes the total capital raised by behavioral biometrics innovator BioCatch to more than $213 million. Participating in this week’s funding were a quartet of major global banks: Barclays, Citi, HSBC, and National Australia Bank (NAB). The funds add to BioCatch’s Series C round, which brought $145 million to the Read more…
Payments network Ripple announced a move today that will make its climate change activist users happy. The company has pledged to be carbon net-zero by 2030 and to decarbonize public blockchains. “The blockchain and digital asset industry will play a critical role in building a sustainable future for global finance,” the company said in a Read more…
A new global alliance between Ephesoft and Fortude will make it easier for businesses all over the world to unlock and extract enterprise data in documents and fulfill their digital transformation goals. The partnership, announced today, combines Fortude’s experience as an enterprise and technology solution provider with Ephesoft-powered Infor Document Management (IDM) Capture to help Read more…
While many fintechs were working on digital transformation, Linqto was focused on complete transformation. That’s because the San Francisco-based company recently made a major pivot. Linqto was founded in 2010 as a digital banking technology company that provided software-as-a-service to fintechs. Perhaps most notable during the company’s first few years of operation was the launch Read more…
Financial services company FIS announced this week it has partnered with The Clearing House (TCH) in an effort to bring real-time payment processing and settlement to small-to-mid-sized banks and credit unions. FIS will help its core banking system clients quickly and cheaply connect to TCH’s RTP network, a payments infrastructure that enables instant payments settlement Read more…
A new study from McKinsey & Company suggests that European fintechs are experiencing an “existential crisis” as venture capital funding plunges “from surplus to scarcity.” The report compares the 11% drop in funding for fintech worldwide in the first half of the year with Europe’s far steeper decline in fintech funding of 30% over the Read more…
A little over a month after announcing a $200 million investment from D1 Capital Partners as part of its Series G round, the Millennially-targeted stock trading app Robinhood is back in the fintech funding headlines with another $460 million in new capital raised. The investment gives the company a valuation of $11.7 billion, and brings Read more…
Will digital identity be for 2020 what customer experience was for 2019? Multiple Finovate Best of Show winner iProov announced today that it has teamed up with Singaporean digital government transformation company Toppan Ecquaria to enable four million Singaporeans to securely access government services online. “This pioneering service enables citizens to live in a world Read more…