Mark Cuban-backed Otto scores $4.5m seed financing
Texas-based Otto has raised $4.5m from a seed funding round led by venture capital firm Uncommon.
Banking software developer finova launches from stealth alongside latest acquisition
Banking solution developer finova has acquired BEP, a cloud-based mortgage and savings software developer.
Over 25% of non-cash transactions to be instant and e-money payments by 2025
A report by Capgemini on world payments who found that instant and e-money payments will make up over a quarter of all non-cash transactions by 2025.
What is the future for bundling in financial services?
A report by cross-border payments firm Currencycloud has examined the recent and future trends related around bundling in financial services.
HKMA initiates first CBDC steps with whitepaper launch
The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.
Over 100,000 banking jobs predicted to be lost in next five years to automation
Wells Fargo managing director Mike Mayo has claimed he expects automation to eliminate over 100,000 banking jobs over the next five years.
Majority of bankers see customer experience, not products as future of banking
A report published by Temenos has found four in five bankers believe financial institutions will look to discern themselves on customer experience rather than products or services.
How WealthTech innovation is driving the rise of the neo-broker
A recent blogpost by Currencycloud has scrutinised how innovation in the WealthTech market is driving the rise of the neo-broker in wealth management.
Confidence in banks and bank branches remains high in the UK
A recent bi-annual study by Toluna has found that a majority of UK consumers still have strong confidence in banks and see bank branches as playing an important role.
FinTech-as-a-service platform Rize secures Series A funding
Rize, a self-stylised FinTech-as-a-service platform, has closed its Series A on $11.4m as it continues its mission of revisioning the financial world.
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