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LeasePlan Bank, the online savings bank based in the Netherlands, has chosen Ohpen to upgrade its whole core cloud banking engine, Pieter Aartsen and Angelique Schouten, global board members at Ohpen, told Henry Villar of FinTech Futures. The bank will do a full-stack upgrade of its core engine and all other tech, which moves away from Read more…
Exactly one week after pocketing a $150k grant, Veridium has made headlines again after the company reported a Series B funding round totaling $16.5 million. Because Veridium’s initial funding round was unreported, the company’s total funding is unknown. U.K. entrepreneur and philanthropist Michael Spencer led the round, contributing $14.2 million of the total financing. Other contributors Read more…
Security and esignature company OneSpan (formerly known as VASCO) announced a partnership today with authentication company Nok Nok Labs, one of the founding organizations of the FIDO Alliance. Under the deal, OneSpan and Nok Nok will launch a joint solution that combines OneSpan’s Mobile Security Suite with Nok Nok’s S3 Authentication Suite, a set of tools that Read more…
Biometrics security company Sensory announced this week its TrulySecure technology is now being used by two dozen banks, including Alior, AXIS, Banorte, ICICI, Maybank, Mizuho Bank, and Qatar Islamic Bank. “Since announcing the first version of TrulySecure, we have had a great deal of interest from banks wanting to utilize our technology for adding greater user security Read more…
Financial development platform Hydrogen won the grand prize at the Luxembourg Fintech Awards last week. The awards, sponsored by KPMG Luxembourg and Luxembourg House of Financial Technology (LHoFT), were contested by nearly 200 applicants from 46 countries. As the Grand Prize winner, Hydrogen picked up €50,000 in prize money and will receive four months of hosting at Luxembourg’s Read more…
Singapore-based authentication specialist Touché has signed a deal with OCBC Bank. The agreement will bring fingerprint-based biometric payment and loyalty management technology to the bank’s credit card acceptance merchants that maintain a brick and mortar presence. Medium to high end F&B (food and beverage) establishments are among the initial target customers. Quoted in the Global Read more…
Just days after announcing its decision to purchase Hyperwallet, PayPal is back – purse in hand – for another big buy. The company will acquire fraud prevention and risk management specialist Simility for $120 million. “This acquisition, like the acquisitions of Swift Financial, iZettle, Jetlore, and Hyperwallet that we’ve announced in the last twelve months, Read more…
Tokyo-based consulting and software development firm NTT Data appointed a new CEO this week. The company selected Bob Pryor to take the place of John McCain. McCain served as CEO since 2010 and was named the company’s new Executive Chairman in April. He will serve on the Board of Directors for NTT Data Corporation. Pryor, who has been Read more…
Software development company Luxoft announced this week it acquired a Seattle-based innovation agency called Smashing Ideas. The Switzerland-based company acquired Smashing Ideas from book publisher Penguin Random House, which purchased the company in 2011, for an undisclosed amount. Today’s deal marks Luxoft’s 10th acquisition. Luxoft made the purchase to bolster its digital research, strategy, and design capabilities Read more…
Eighteen years after its launch, merchant payout platform Hyperwallet is receiving a payout of its own, to the tune of $400 million. The California-based company sold to payments pioneer PayPal this week, marking PayPal’s fifth acquisition in the past two years and its 16th total. Hyperwallet helps businesses with mass payouts for earnings, commissions, and royalties payments and is best Read more…
ABN AMRO, the third largest bank in the Netherlands and one of the leading banks in northwest Europe, has partnered with ThetaRay in a five-year, bank-wide project to improve the Dutch bank’s AML and CTF (counter-terrorist financing) capabilities. ThetaRay is a specialist in leveraging machine learning and sophisticated mathematical algorithms to detect financial crime in Read more…
Global financial software provider Finastra, the combination of D+H and Misys that was forged a year ago this month, has added a new major element to its mix. The company announced today that it would acquire fellow Finovate alum Malauzai, a firm that specializes in retail and business banking solutions for community banks and credit Read more…