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Finovate was built on the foundation of live fintech demos. And there’s plenty to love about the live demo-only, fintech-speed-dating model, but I’ve become increasingly fond of Finovate’s incorporation of the analyst speed-dating session that takes place in the days following the demos. Demo companies and the analysts both face a 7-minute time limit, but Read more…
Banco Santander announced that the mobile app it plans to launch in the first quarter of this year will feature instant payments powered by technology from Ripple. The new service will enable customers to make same-day, cross-border payments. P2P payments, a digital wallet, and PFM functionality will also be part of the app Using its own internal Read more…
Consumer consent and data rights company Trunomi closed a $3.5 million round of funding today. This investment brings the Bermuda-based company’s total funding to $10.5 million. Trunomi will use the funds to manage demand for its technologies and to continue its global expansion. And with the E.U. GDPR deadline coming up, the company will likely see Read more…
Digital currency wallet Blockchain has appointed Marco Santori as its new president and chief legal officer. The role of President was formerly held by Blockchain co-founder Nicolas Cary, who has assumed the role of vice chairman. Santori comes to the U.K.-based company from Cooley LLP, where he worked as a partner, leading the law firm’s global financial Read more…
One of the challenges of having a global workforce is ensuring that all workers are paid promptly in their local currencies. We learned last week that crowdfunding platform Seedrs has found a solution to this problem in the form of a new partnership with international money transfer innovator and FinovateEurope alum, TransferWise. TransferWise will Read more…
Challenges, Successes and Opportunities of Financial Inclusion in MENA Financial inclusion has been identified as a key topic for the MENA region. Technology on its own will help us connect with the digitized financial world but it will not be the only factor. We need to build technologies that expand the horizons of electronic Read more…
Cloud-based accounting platform for small businesses Xero has signed a deal with IT management solutions provider, Kaseya, that will provide direct integration between BMS by Kaseya and Xero. Kaseya’s business management solution supports the back-end operations of managed service providers (MSPs) and mid-market enterprises (MME); the integration will ensure synchronized financial and operational data between both Read more…
Continuing with our PSD2 series we speak to Brian Costello, Chief Information Security Officer, Envestnet | Yodlee about what it means to the industry’s back office compliance. Finovate: According to Strategy&, 68% of bankers are worried PSD2 will cause them to lose control of the client interface. What’s your advice to these banks? Costello: While this Read more…
Spanish fintech Finect announced today that Bolsas y Mercados Españoles (BME) has acquired a 9.7% stake in the company in a transaction valued at “lower than one million euros.” Finect provides a social trading community for investors to communicate with and learn from financial professionals. Nearly two million users take advantage of Finect’s solutions, including its Read more…
Student loan repayment platform Tuition.io has landed a major client this week. The Los Angeles-based startup has partnered with Estée Lauder, offering a platform where the beauty company can help its employees pay down debt from their student loans. Through their employee benefits package, Estée Lauder’s 46,000 employees will be eligible to receive up to $10,000 Read more…
The amount of the funding was undisclosed. But cloud-based banking innovator nCino has just picked up a fresh infusion of capital courtesy of a round led by Salesforce Ventures. The investment adds to the company’s known total capital of more than $81 million, which includes a $17 million private equity round back in August. “From Read more…
Courtesy of help from TESOBE’s Open Bank Project, Santander is hosting its first hackathon this spring. The bank will leverage the Open Bank Project’s white-labeled sandbox technology and expertise to host the competition, themed Building Banking Your Way. Stephen Dury, Head of Customer and Innovation at Santander, said, “By launching a hackathon, we hope to see the Read more…