Finovate is part of the Informa Connect Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Business-only challenger bank Tyro announced this week that it has teamed up with Alipay. The partnership makes Tyro the first Australian bank to integrate with the China-based mobile and online payment platform, making it easier for Tyro’s merchants to reach Chinese consumers visiting and transacting in Australia and New Zealand. “This is an exciting initiative Read more…
Wealthtech company SigFig announced a big purchase today. The San Francisco-based company bought SmartWealth roboadvisory technology from UBS for an undisclosed amount. In a memo, UBS’ Eva Lindholm, head of Wealth Management U.K., and Reto Wangler, chief operating officer of Global Wealth Management, said the company found “limited short-term potential” for SmartWealth after launching it Read more…
“Don’t tolerate disrespect or discrimination against you or anyone else. Don’t wallow in imposter syndrome because someone gaslights you. Don’t apologize and don’t explain/justify/mitigate your existence in the room. Be accountable, and hold others accountable for themselves.” Ghela Boskovich, head of fintech/regtech partnerships, Rainmaking Innovation, spent the last ten years focused on business development for Read more…
Financial services, software, and hardware provider Diebold Nixdorf secured a commitment of $650 million in capital this week. The loan is coming from two unidentified, institutional lenders and repayment is due in August 2022. The Ohio-based company will use the loan to acquire remaining shares of Diebold Nixdorf, repay debt, and fund its DN Now Read more…
Identity authentication and secure card issuance company Entrust Datacard announced enhancements to its Mobile Smart Credential solution this week. Overall, the changes help guard against security threats without compromising the user experience. The Minnesota-based company’s main enhancement to its password-free mobile login experience is the addition of Bluetooth login support. The Mobile Smart Credential solution’s Bluetooth enhancement Read more…
Payments technology company Modo Payments announced this afternoon it received an equity investment from Deutsche Bank. The amount was undisclosed. Prior to today’s announcement, Modo had raised a total of $11.3 million since it was founded in 2010. The German bank plans to leverage Modo’s technology to expand its digital business-to-business and business-to-consumer payments. Specifically, Deutsche Read more…
The votes have been cast and financially-relevant crowd intelligence provider Sentifi is among the winners of the Swisscom Startup Challenge 2018. “I would like to send my sincere thank you to the trust of our investors, and to all Sentifiers who have worked hard to make Sentifi a global player,” Sentifi CEO and founder Dr. Anders Bally Read more…
If you’ve always wanted to hear top fintech analysts’ take on what’s hot in the industry, now’s your chance. Next month at FinovateFall, we’ll host four fintech research analysts on stage as they pitch what they think is the top opportunity for banks and financial services companies. Each analyst will have seven minutes on stage Read more…
Thanks to a new partnership between TradeIt and IBM Cloud for Financial Services, developers will find it that much easier to add universal brokerage functionality to financial apps, platforms, and websites. TradeIt announced this week that developers would be able to use TradeIt’s instant order management solution TradingTicket and its portfolio management product PortfolioView on the IBM Cloud in Read more…
Point-of-sale technology provider Payworks announced a partnership with multi-channel payment solutions company and Ingenico subsidiary Bambora. Payworks and Bambora are partnering to launch Bambora Connect, an international solution for POS software providers and merchants. Connect leverages the expertise of both Bambora, which offers merchant sales expertise, and Payworks, which provides advanced payment technologies and integration capabilities. Bambora Connect Read more…
One month after launching Hydro, a blockchain-based security and identity management mobile app, development platform Hydrogen has introduced a new entity. The Financial Industry Decentralization Initiative (FINDI), unveiled this week, will “facilitate a more open, transparent, and decentralized global financial system” – all powered by public blockchains. The goal of the consortium is to Read more…
Identity verification specialist Onfido will work with international remittance specialist TransferGo to accelerate the company’s onboarding process. With more than 650,000 users and adding 1,000 new customers a day, TransferGo will leverage Onfido’s machine learning-based technology as it brings new users to its platform during its global expansion. “Onfido enables us to deliver the swift Read more…