Company News

UK neobank revverbank signs deal with Finastra to power its core banking capabilities

Regional challenger bank revverbank has selected Finastra’s Fusion Essence solution to power its end-to-end core banking capabilities and ensure the FinTech company’s scalability.

NuBank mega $400m Series F round will turn it into a decacorn

A new $400m round could have pushed challenger bank NuBank valuation over the $10bn mark, making it allegedly join the coveted decacorn club. That means it could be a unicorn ten times over.

ACI Worldwide announces new tools to comply with upcoming strong customer authentication rules

Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU Revised Payment Service Directive (PSD2) snapping into action in September.

E-Pay takes down and apologises for ad after racism allegations

Singapore e-payments agency E-Pay has found itself in hot waters after running an ad where it darkened the skin of a model to make it look like someone from another ethnicity.

250 gigabytes of Brazilian banking user data exposed in new leak

A financial service provider’s unprotected server reportedly lead to 250 gigabytes of banking customers’ personal information has been leaked in a new breach.

Aon forms deal with Bunker to access on-demand economy

Aon has entered a commercial agreement with compliance and insurance platform Bunker to support the on-demand, sharing economy.

Nucleus Software launches latest version of transaction platform FinnAxia

India-based Nucleus Software, the provider of lending and transaction banking solutions to the financial sector, has unveiled the new version of its transaction banking solution FinnAxia 6.5.

AXA XL partners with Vindati to provide SMEs with marine insurance

AXA XL’s marine insurance business has partnered with digital managing general underwriter (MGA) Vindati to offer insurance policies to small and medium-sized businesses.

OFG Bancorp one step closer to acquire Scotiabank’s Virgin Islands operations after Banking Board...

The Virgin Islands Banking Board has given OFG Bancorp, the financial holding company operating three subsidiaries – Oriental Bank, Oriental Financial Services and Oriental Insurance – in the US and Puerto Rico, permission to organize a bank in the territory

Cash remains king in Britain as 83 per cent make weekly payments with physical...

The Payment Systems Regulator (PSR), the subsidiary of Britain’s Financial Conduct Authority, has revealed physical money still pays a roll in the UK.

News Stories

US takes the gold for FinTech deals this week - Here are this week's 36 deals

US takes the gold for FinTech deals this week – Here are this week’s...

It was a strong week for US-based FinTech companies, with 17 securing fresh capital this week.  Aside from the US dominating the week for deals,...
Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank has unveiled BASF’s inaugural sustainability-linked payables finance programme in Asia, concentrating on its operations in China.
PureFacts secures major investment from GrowthCurve

PureFacts secures major investment from GrowthCurve

PureFacts Financial Solutions, a renowned provider of revenue management solutions tailored for the investment sector, recently announced a significant development.
Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum is a next-generation core banking platform, has partnered with ComplyAdvantage, a financial crime intelligence platform that offers AI-driven risk data and fraud detection technology to a global client base.
Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing.

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