Goldman leads LumApps $70m Series C funding
LumApps, a software-as-a-service (SaaS) enterprise communications firm, has secured $70 million in Series C funding in a round led by Goldman Sachs.…
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Financial Technology – Page 48
Financial technology news from TechAnnouncer: payments, digital banking, lending, wealthtech, insurtech, regtech and embedded finance. We track fintech launches, funding rounds, partnerships, acquisitions and regulation across global markets, and explain what each development means for the industry.
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RBS sees flurry of executives leave including Bó’s CEO
Bó, the digital challenger bank created by the Royal Bank of Scotland (RBS), is about to lose its current CEO Mark Bailie…
Mortgage broker Trussle raises £7.5m in Series C funding round
UK-based mortgage broker Trussle has secured £7.5 million in a Series C funding round featuring the venture capital arms of both Rabobank…
HAB Bank implements Jack Henry’s commercial lending platform
Habib American Bank (HAB Bank) has gone live on Jack Henry & Associates’ Commercial Lending Center Suite. HAB Bank wanted to underpin…
Mastercard and Marqeta collaborate to help fintechs go to market
Marqeta, a modern payments platform, is now a European certified processor with Mastercard. This new collaboration is designed to help digital banks…
Qonto raises $115m round led by Tencent
Qonto, the Paris-based challenger bank targeting small and medium enterprises (SMEs) and freelancers in Europe, has raised $115 million (€103.7 million) in…
Three steps to effectively automating accounts payable
Would your business be willing to pay more for an equivalent product they could get at nearly half the cost? The notion,…
Health Insurance & Protection 2019/20 Report: Movers, Shakers & Opportunity Creators
Click on the image to read the full report What does the next year – and now we are into 2020, the…
Ask the expert: how can I convince a retailer’s CFO and their finance team to work with us?
In this fortnightly column, Ask The Expert, we aim to provide readers with practical advice on how to grow their businesses. Greg Watts is our…
Islamic banking app Niyah launches in UK
Niyah, a challenger banking app, has launched in the UK for the Muslim community. It says it’s “the first fintech Islamic banking…
DBS launches QR-code based b2b payments
Singapore’s DBS bank has launched a new cashless payment solution to help business owners who still largely deal in cash and cheques…
Canada’s RBC files patents for AI inventions as bigtechs soar
The Royal Bank of Canada (RBC) is trying to put its commercial stamp on several of artificial intelligence (AI) inventions in what…
Greece’s major banks cancel 15,000 cards after travel website breach
Greece’s four main banks – Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece – were forced to cancel 15,000…
Kristal.AI raises $6m in Series A for algo-powered wealth management
Singapore-based wealth management start-up Kristal.AI has raised $6 million in a Series A funding round. Kristal.AI claims to use algorithms to predict…
Tonik digital bank selects Finastra Fusion Essence
Philippines-based digital bank Tonik has selected Finastra and its Fusion Essence platform to support its core banking operations. Tonik is the first…
Al-paca it in: Monzo co-founder leaves to farm Alpacas
Monzo’s co-founder and deputy CEO Paul Rippon has announced his departure from the UK challenger to focus on his new business which…
Tencent brings third player UnionPay to China’s mobile payments arena
Tencent, the Chinese technology conglomerate and parent company of WeChat, has teamed up with Chinese state-owned UnionPay to use the same QR…
New challenges due to Open Banking and the benefits of instant payments
It seems that APIs are conquering the world of finance. In the past, it was mainly IT professionals who talked about APIs,…
Belgian banks team up to launch shared ATM network
Four major banks in Belgium have joined forces to create an integrated network of neutral ATMs and have offered an open invitation…
FCA stirs up competition for banks’ easy access saver accounts
The Financial Conduct Authority (FCA) has ruled that UK banks must offer one interest rate for all easy access savings accounts in…