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Data aggregation and analytics company Envestnet | Yodlee made a strategic hire to its Developer Experience team this week, recruiting Sebastien Taveau (pictured), former chief developer evangelist for Mastercard, as its vice president of Developer Experience. Taveau is charged with overseeing the new developer experience, positioning it as a developer-first platform, and strengthening ties with Read more…
In its largest round of funding to-date, digital currency wallet Coinbase closed a $300 million investment today. The Series E equity round, which brings the company’s total funding to just over $525 million, was led by Tiger Global Management. Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain, and others also participated. In a blog post Read more…
Consulting and software development firm NTT Data announced it is bolstering its presence in Canada this week with the pending acquisition of IT services and consulting firm Sierra Systems. Terms of the deal were undisclosed but NTT Data anticipates the acquisition will offer the Tokyo-based company a “significant” presence in Canada. Sierra Systems, which was Read more…
U.K. payment and loyalty app startup Yoyo Wallet entered into a major partnership agreement this week. The deal, worth $30 million, is with Greg Kidd’s investment firm Hard Yaka. Well-known in the fintech industry, Kidd was an early investor in Ripple, Square, Twitter, and Coinbase. For its end of the deal, Yoyo will integrate its commerce API Read more…
The fintech space is filled with new players bringing to market new innovations and solutions to old business and consumer problems, as well as traditional businesses looking to develop in-house innovation teams and partner with start-ups. But what they both have in common is a desire to meet and exceed changing customer demands, make financial Read more…
Open source API innovator, TESOBE’s Open Bank Project, announced it has teamed up with Red Hat this week. The two are collaborating on a new API specifically designed for banking and financial services companies. The Open Bank Project will leverage Red Hat’s Fuse along with the North Carolina-based company’s rule engines to connect banking systems and Read more…
BMO is rolling out new payments hub, reports Tanya Andreasyan of Fintech Futures (Finovate’s sister publication). Canada’s BMO Financial Group has implemented a new payments hub based on the ACI Worldwide UP solution. The project was completed in nine months. BMO is involved in the modernization of national payment ecosystems in Canada and the US. Read more…
American Express merchants and card members in the U.S. just won a new ally when it comes to quickly resolving disputes related to card purchases. Ethoca Eliminator, developed by leading technology solution provider Ethoca, will enable card holders to get more detailed transaction information in real-time, making it easier for them to communicate with AMEX Customer Read more…
Fintech will take over Hong Kong during the city’s Fintech Week, which will begin with FinovateAsia on October 29 and 30, and we’re excited to be a part of it. If you don’t have your ticket yet, register today to join the crowd at the Hong Kong Convention Center. We’ve finalized the agenda to bring you Read more…
Core banking specialist Zenmonics landed funding from its long-time partner FIS this week. The amount of the minority investment, along with other terms of the agreement remain undisclosed. This marks Zenmonics’ first round of funding; prior to the closing of this week’s investment Zenmonics was 100% company-owned. The North Carolina-based company will use the funds Read more…
American Express has partnered with online financing platform ezbob to offer U.K. SMEs competitive access to finance, reports Henry Vilar of Fintech Futures (Finovate’s sister publication). Through the partnership, eligible American Express business clients will receive a referral to apply for up to £300,000 in financing from ezbob at a fixed annual interest rate from Read more…
WIFT remains a mission critical channel for all financial institutions. But the cost and complexity of operating SWIFT for top-tier banks has increased substantially since the introduction of SWIFT’s CSP programme. As payments and connectivity become increasingly commoditised for all financial institutions, banks are re-thinking how best to maintain secure, reliable and compliant SWIFT operations Read more…