Indian neobank Open raises $30m
Open, an Indian neo-banking startup targeting SMEs, is set to launch a “programmable” bank account after raising $30 million in a Series B funding round led by Tiger Global Management.
Open, an Indian neo-banking startup targeting SMEs, is set to launch a “programmable” bank account after raising $30 million in a Series B funding round led by Tiger Global Management.
Starling customers can now apply directly from within the challenger bank’s app for home insurance from Churchill Insurance.
Societe Generale has joined forces with Kyriba to develop a new cloud-based treasury management system.
Stripe has launched an “enhanced issuer network”: a set of partnerships with US card issuers designed to help businesses rescue fraud and boost authorisation rates.
Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.
ABN Amro’s Digital Impact Fund has acquired a stake in US data wrangling outfit Trifacta.
As many as a third of retail banks are looking to build a greenfield digital bank to ward off competition from upstart challengers and cherry-picking fintechs.
Monet, a financial cashflow startup targetting the creative industry sector, has secured an early-stage funding commitment of £17 million led by prominent UK banking executives ahead of closing its seed round this July.
Canadian Wealth-as-a-Service outfit OneVest has raised CAD$17M in Series A funding led by Omers Ventures
Royal Bank of Scotland is joining forces with Innovate Finance and Founders of the Future to run a 48-hour hackathon in Edinburgh focused on technology that helps bank the unbanked.
More than 100 fintech firms have applied to take part in the UK’s Open Up 2020 Challenge, which will see them compete to unlock the power of open banking and bag a share of a £1.5 million prize fund.
The European Securities and Markets Authority (Esma) has found regulatory gaps across EU member states in the licensing regime for crypto-asset related activities and in the governance and risk management processes associated with both cyber security and cloud outsourcing.
Sumitomo Mitsui Banking Corporation is teaming up with Fujitsu to explore the creation of a data analytics business they say could empower customers with better decision-making and operational efficiency.
The central bank of Latvia is bolsterings its credentials as a fintech innovation hub by launching free pre-licencing consultations for crypto-asset service providers looking to pursue the EU MiCA licence.
Temenos has strengthened its hand in the US by agreeing to buy digital banking SaaS outfit Kony for $559 million and an earn-out of $21 million.