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After the final fintech demo at FinovateSpring next month, the next highlight to take the stage will be a committee of six fintech experts. Each analyst will have seven minutes to make their case for what they see as the hottest trend and opportunity in financial services. The pressure is on for this group. Here’s Read more…
Software-as-a-Service (SaaS) banking engine provider Mambu has launched its digital marketplace to offer cloud-enabled apps, products and tools for banking and lending, reports Antony Peyton of FinTech Futures (Finovate’s sister publication). Mambu Marketplace offers a choice of global and localized solutions which can be integrated with the SaaS engine. Its offerings are based on an Read more…
Wealthtech company DriveWealth has closed a Series B round of funding this week. The $21 million investment was led by Raptor Group Holdings, SBI Holdings, and Point72 Ventures. Existing investor Route 66 Ventures also participated. This brings the company’s total funding to just shy of $30 million. DriveWealth will use the funds to enhance its existing products. Read more…
Banks and financial institutions have long been at the forefront of adopting technologies to increase efficiencies and provide better service to customers. From ATMs to online banking, they’ve helped to seamlessly integrate transactional technologies into the customer’s daily life. Financial institutions currently find themselves at the forefront of adopting new cognitive AI technologies that are Read more…
Enterprise blockchain solution Ripple has joined the likes of 231 organizations who belong to the Hyperledger blockchain consortium. Hosted by The Linux Foundation, Hyperledger is an open source group consisting of leaders in finance, banking, IoT, manufacturing, and technology that seeks to advance cross-industry blockchain technologies. Other Finovate alum members of the group, which launched in Read more…
CNH Industrial Capital America (CNH), the captive finance company for capital goods provider CNH Industrial America, has selected FIS’s asset finance solution for managing its commercial contract and lease portfolio, reports Antony Peyton of Banking Technology (Finovate’s sister publication). According to FIS, CNH was looking to consolidate management of its disparate commercial contract and lease Read more…
The startup that made headlines recently for its antitrust complaint against some of its country’s largest banks is the same fintech that raked in a major investment from a group of investors earlier this month. Founded in 2013 and headquartered in Sao Paulo, Brazil, Nubank has charged Brazil’s big banks with hindering competition in financial Read more…
SEO-friendly e-commerce platform 3dcart will leverage technology from Payoneer to “transform” its cross-border paymenst process to merchants around the world. Through the new partnership, 3dcart will rely on the Payoneer platform’s cross-border functionality, prompt payment processing, and flexible payouts to send payments to more than 200 countries in more than 150 currencies. “Our mission is Read more…
Peoples Trust Company of Saint Albans, Vermont has picked Finastra’s Total Lending solution to better manage its commercial and consumer lending processes. The solution includes Finastra’s Fusion LaserPro, Fusion DecisionPro, and Fusion CreditQuest products, and will help Peoples Trust Company increase efficiency and improve the customer experience from origination through booking. Integrated into the bank’s Read more…
Swiss cybersecurity specialist NetGuardians will bring its fraud fighting solutions to Zimbabwe’s Steward Bank. “By signing up with NetGuardians, Steward Bank will not only benefit from our real-time fraud mitigation solution, but will also become part of the NetGuardians’ global community, sharing fraud mitigation best practice(s),” NetGuardians CEO Joël Winteregg said. “Together, they put Steward Read more…
In a round led by China Minsheng Financial, social trading network eToro has raised $100 million in new funding. The Series E, which featured participation from SBI Group, Korea Investment Partners, and World Wide Invest, as well, will help the company expand into new markets. The new capital will also help eToro build on its R&D Read more…
Mass payout platform Hyperwallet has teamed up with Lyric Financial, a financial services provider specializing in royalty advances and loans for musical artists. In the press release, Hyperwallet CEO Brent Warrington explained that recording artists face a struggle of income unpredictability. “Our job as a global payout platform is to help change the way these Read more…