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Travel upgrades startup Upgrade Pack announced its expansion into Asia Pacific with the launch of a Singapore office and the appointment of a new regional COO. Toby Berger (pictured) will serve as Upgrade Pack’s new APAC COO. Berger, who has spent the last decade working in the Asia Pacific region, has served in executive roles Read more…
Malta’s newest challenger bank Laskaris Finance, which aims to serve high-net-worth individuals and corporate clients, has chosen Temenos to be its cloud core banking provider, reports Ruby Hinchliffe of Fintech Futures, Finovate’s sister publication. Laskaris is currently applying for a banking license from the Malta Financial Services Authority (MFSA) and the European Central Bank (ECB), Read more…
Enterprise blockchain solution company Ripple teamed up with Finastra this week. The two are collaborating to enable Finastra clients to transact with RippleNet partners and make international money transfers. RippleNet is Ripple’s global payment network that works across 40+ currencies and consists of more than 200 financial institutions. Because RippleNet leverages the blockchain, users are Read more…
How is the InterSystems IRIS Data Platform helping FIs to process transnational and analytic workloads at high scale?
After sealing a transaction which gives it a 70% stake in China-based GoPay, PayPal has taken on a new role in the global payments services scene. That’s because PayPal not only has controlling interest in GoPay but is also now licensed to offer online payment services in China, making it the first foreign company to Read more…
A newly announced strategic partnership between SigFig and Refinitiv will enable the company’s clearing and custody platform, Refinitiv BETA, to offer institutional clients an end-to-end robo advisory solution complete with account opening, automated investment management, money movement, and more. Refinitiv Managing Director and global head of Wealth Management Joe Mrak highlighted the ability to offer Read more…
Cloud banking innovator nCino garnered its largest funding round to date, bringing in $80 million. The round was led by a group of investors advised by T. Rowe Price, with participation from existing investor Salesforce Ventures. Today’s round elevates nCino’s total funding to over $213 million. The company will use the new investment to boost Read more…
If there is one region where “A Tale of Two Fintechs” applies, that region is Asia. From blockchain-based innovations in trade finance to leveraging mobile to better serve the historically underbanked, fintech’s role in Asia is not just a tale of economic and technological development. Increasingly, it is a story of leadership in solving real Read more…
What is the CCPA and will it impact your business?
A September survey of European venture capital firms published by the European Investment Fund suggests that many of the same themes – such as artificial intelligence and machine learning – that have animated venture capitalists in recent years continue to dominate investment preferences. The queried firms also said that exit environment and fundraising “remain the Read more…
A new partnership between fraud prevention specialist Featurespace and payments provider Elavon will improve the company’s ability to combat fraud in real-time and make the payment experience simpler and safer for consumers. Elavon will deploy Featurespace’s ARIC platform, which leverages behavioral analytics and machine learning to provide a higher degree of fraud protection and risk Read more…
Canadian identity innovator Trulioo announced today it brought in $53 million (CAD $70 million). The round was led by Goldman Sachs Growth Equity and saw participation from Citi Ventures, Santander InnoVentures and American Express Ventures. Trulioo’s total funding how stands at $73 million (CAD $96.6 million). The Trulioo team will use the funds to build Read more…