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Two of the hottest trends in fintech – blockchain technology and identity management – converge in the latest partnership between identity verification platform Onfido and global digital asset payments specialist BitPay. The companies are working together to enable Onfido customers to pay for identity verification services using Bitcoin. At the same time, BitPay will leverage Read more…
Bahrain-based Almoayed Technologies has teamed with banking tech platform provider Moven Enterprise for growth plans in the MENA region, reports Antony Peyton of Fintech Futures (Finovate’s sister publication). Under the terms of the partnership Almoayed will make Moven’s technology available to banks across the region. “With open banking already mandated by the Central Bank of Read more…
Financial services software provider Zafin picked up $17.2 million in funding this week. The Series B round, led by Accenture Ventures, Beedie Capital, and Vistara Capital Partners, takes the company’s total financing to more than $47 million, and follows Zafin’s partial acquisition and strategic alliance between the company and Accenture announced in December. In a Read more…
A giant will roam the fintech land as Fiserv will acquire First Data in an all-stock transaction of $22 billion, reports Antony Peyton of Fintech Futures (Finovate’s sister publication). With the combined power, Fiserv will be able to offer a range of payments and financial services, including account processing and digital banking solutions; card issuer Read more…
Technology from Roostify powers the new digital mortgage solution launched by Glacier Bancorp, a regional bank holding company with nearly $12 billion in total assets. The new solution was unveiled in less than 60 days. The bank, which provides commercial banking services to 100+ communities in Montana, Idaho, Colorado, Utah, Washington, Wyoming, and Arizona, reported that Read more…
Middleware, maker of the Corezoid Process Engine, and Saas banking engine innovator, Mambu, announced this week that they have strengthened their strategic partnership. The two companies have teamed up develop solutions that will enable banks and lenders to improve client onboarding, loan origination regulatory reporting, and card and payments connectivity. The centerpiece of the partnership is the Read more…
Temenos is partnering with Bloomberg to deliver contingency net asset value (NAV) calculations to buy-side institutions, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). The company will make its Temenos Multifonds Global Accounting product accessible via the Bloomberg Terminal, so it operates with data, analytics, and other investment workflow services Bloomberg offers. According to Read more…
Where is fintech innovation in Europe making the greatest strides? In recent years, more than a few observers have found themselves looking eastward when thinking about the future of European fintech. Deloitte’s 2017 report, Fintech in CEE: Charting the course for innovation in financial services technology, highlights a number of key findings in its executive Read more…
Vymo, a personal assistant for sales professionals, will join Bangkok Bank’s accelerator program, Bangkok Bank Innohub. The 12-week program will provide startups with mentorship and strategic guidance from financial professionals. The process is designed to guide companies toward securing a proof of concept with Bangkok Bank and making a pitch for investment by the program’s Read more…
Euro Exim Bank has signed up for Ripple’s payment network RippleNet – putting its digital currency XRP on a potential path to replace correspondent banking, reports Antony Peyton of Fintech Futures (Finovate’s sister publication). The bank was one of the 13 new financial institutions that have signed up for RippleNet. The others comprise SendFriend, JNFX, Read more…
Who knew 2019 would be known as “The Year #Priceless Went Nameless”? Consumers have been conditioned to recognize corporate icons like McDonald’s “Golden Arches” and Nike’s “Swoosh.” Now, with its decision to remove its name from its red and yellow brand mark, Mastercard is the latest major global brand to let a wordless logo do Read more…
PaySend, the payments firm, has signed a partnership agreement with Vietcombank Remittance Company (VCBR), the company that holds the majority of all inbound money transfers in Vietnam, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). Through the deal, the firms will allow money remittances directly to any bank account, Napas card, Visa or Mastercard Read more…