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Corporate banking startup Neo announced it has just been authorized to offer multicurrency business accounts. The approval comes from the Bank of Spain and allows Neo to create a PSD2 payment institution. “Our vision back in 2017 was to create a platform that can replace the old fashioned banking platform. A true ‘one-stop shop’ that Read more…
Business payments company Bill.com is helping small businesses pursue international objectives– now in even more corners of the globe. This week, the California-based company doubled its International Payments offering by building out support for more than 70 countries and 50 currencies. “Historically, innovation in international payments has been geared towards consumers,” said John Flora, VP Read more…
Prepaid payments innovator InComm is continuing its shopping spree this week. The Atlanta-based company announced it has agreed to buy Meridian Loyalty, a loyalty and incentives company that creates engagement tools for large corporations. The amount of the acquisition was undisclosed. The move not only offers InComm access to Missouri-based Meridian Loyalty’s global database of Read more…
A new partnership between next generation deposit mobilization platform Aion Digital and RISQ Intelligent Financial Software will bring integrated, AI-enabled digital commercial lending to banks in the MENA region. “With Aion Digital we found a partner which enables us to fully digitize the commercial lending experience,” RISQ CEO and co-founder Michael Jesse said. “Most banks Read more…
Saga, a startup creating blockchain-based currency for international exchange, has selected FIS to deploy its Integrity SaaS solution to manage the Saga treasury unit’s back office and its reserves, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). Saga is backed by reserves held in the most prominent national currencies, replicating the SDR (Special Drawing Read more…
Toronto-based fintech, Sensibill, has raised $31.5 million in a Series B funding round led by Radical Ventures, reports Jane Connolly of Fintech Futures (Finovate’s sister publication). Previous investors Information Venture Partners and First Ascent Ventures joined National Bank of Canada and others in the round. This latest round takes the total raised to $46.5 million for Sensibill, which provides Read more…
As seems to be the trend this year, D3 Banking Technology has found itself a buyer–and it’s a big one. The digital banking services company announced this week it has been acquired by ATM giant NCR for an undisclosed amount. Georgia-based NCR, which owns 27% of the global ATM market, anticipates that adding D3’s digital Read more…
Courtesy of a new partnership with Sigma Securities and Trove Technologies, global digital trading technology specialist DriveWealth is launching a new digital U.S. equities trading product for retail investors in Nigeria. “Making U.S. securities available to investors of any size in countries all around the globe is an essential element of the mission of DriveWealth,” Read more…
Mastercard has teamed up with P27 Nordic Payments Platform to deliver fast, cross-border, multi-currency account to account payments across the Nordic region, reports Jane Connolly of Fintech Futures (Finovate’s sister publication). The partners claim this is a world first in terms of a real-time and batch multi-currency platform, which will offer immediate payments with lower costs, higher security Read more…
A new collaboration between SaaS banking engine Mambu and open banking solution provider Salt Edge will help FIs become more PSD2 compliant and, in the process, accelerate fintech innovation in the banking sector. Salt Edge CEO Dmitrii Barbasura highlighted the company’s significant background in helping FIs become PSD2 compliant faster and with less cost, having Read more…
Fall has become synonymous with product launches, and this year’s demoing companies will deliver. This September at FinovateFall, see dozens of new fintech services and solutions, including: retirement tools for wealth management advisors, data breach response plans for businesses of all shapes and sizes, API libraries for digital banking, portfolio aggregators to help investors, colleague Read more…
Courtesy of a partnership with identity verification specialist HooYu, NatWest has become the latest bank to enable new customers to open accounts with just a selfie. NatWest joins the ranks of HSBC and Lloyds who began offering “selfie banking” in 2016. NatWest will use HooYu’s AI-enabled technology and real-time biometrics to compare the customer’s selfie Read more…