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A new partnership between verified digital identity specialist Signicat and Twikey will make it easier for merchants in Belgium and the Netherlands to accept digitally-signed SEPA e-mandates for recurring purchases. The arrangement will enable firms to reduce costs and improve efficiency by moving away from paper-based SEPA processes. “By working with Twikey, we can offer Read more…
Just under a year after launching its Experian Boost credit solution, the global information services company is back with another resource – this time to increase the predictive power of its creditworthiness assessment technology. Experian Lift, announced last week and available to lenders early next year, combines traditional and alternative credit data with trended data Read more…
Online and mobile payments enabler Spreedly has picked up a $75 million investment from Spectrum Equity. The growth funding will help the Durham, North Carolina-based company both accelerate product development and support its international expansion. Spreedly’s total funding now stands at just over $81 million. “Our platform helps customers unlock their online and mobile revenue Read more…
In a round co-led by Lakestar and Dawn Capital, natural language processing technology provider Eigen Technologies has raised $37 million (£29 million) in new capital. The investment, which also featured participation from Temasek and Goldman Sachs Growth Equity, takes the London-based company’s total funding to $55 million (£43 million). Eigen plans to spend the funds Read more…
Juvo, a company that specializes in building financial identities for the underbanked, announced this week that it has forged a strategic partnership with global mobile commerce company DOCOMO Digital. The collaboration will marry Juvo’s financial-identity-as-a-service capabilities with DOCOMO Digital’s payments platform to give prepaid mobile users broader payment options when it comes to paying for Read more…
Wealth management solutions provider WeInvest launched a new product today that aims to help financial services companies discover new investment tactics. The new offering, StratWealth, is a strategy marketplace with more than 100 algorithmically-generated, customized investment strategies for banks, brokers, and asset managers to choose from. With an initial investment minimum of $4,000, StratWealth also Read more…
Fintech is a global game, so why don’t we always hear about all of the global players? The Middle East and North Africa (MENA) region, for example is often overlooked when it comes to fintech. The Milken Institute, a non-profit think tank, recently looked beyond the borders of the U.S., Europe, and Asia to better Read more…
New York-based Apple Bank has selected FIS and its IBS system for its new core banking setup and will be moving to a hosted platform as part of a major transformation program, reports Alex Hamilton of Fintech Futures, Finovate’s sister publication. According to FIS, the bank wanted to modernize its in-house technology with a new Read more…
Identity verification innovator Jumio is working with Philippines-based remittance provider I-Remit to help the company enhance both digital onboarding and KYC. I-Remit is the largest Filipino-owned non-bank remittances provider and will leverage technology from Jumio to provide identity verification for its IREMITX money transfer platform. “It’s imperative that the remittance industry, and the financial services Read more…
A little over a year ago, U.K. challenger bank Starling and automated online insurance advisory Anorak Technologies forged a partnership to bring personalized life insurance options to bank customers. Now, the two companies are back in the fintech headlines with a new offering. Starling announced that it will offer income protection insurance for the self-employed Read more…
How serious is IBM about making an impact in fintech? The company, which demonstrated its wealth management technology at FinovateSpring in 2016, launched its first financial services-ready public cloud today and revealed Bank of America as its initial partner. The two companies have been working together on the project for more than a year, and Read more…
The “everyday entrepreneurs” of GoDaddy just got access to a new financing option. The web hosting innovator has teamed up with online lending and technology platform Kabbage to enable its business customers to apply for and receive a Kabbage line of credit of up to $250,000 in a matter of minutes if approved. “Our customers Read more…