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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Dwolla to powerBento Pay, email-based payments for Bento for Business’ clients.
Lendioranks 28 of 50 on a list of Utah’s fastest growing companies.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Transferwisegoes live with new debit cad for customers in Australia and New Zealand.
Finastrainks cloud banking deal with U.K. neo bank Gravity.
Argentina’s largest national private bank Banco Galicia integrates PFM technology from Strands.
Overbond to open three AI analytics labs in Montreal, Quebec, Canada to support R&D in bond pricing.
Vymohires Rajesh Sabhlok as its new Chief Customer Officer, with an emphasis on Japan and APAC.
BlueRushannounces strategic partnership with InfoSlips.
Artivestnames Martin Bealieu, formerly executive chairman, as new CEO.
Lendio’s marketplace lending franchise program tops $50 million in loans facilitated via its platform.
Ignite Salesunveils the latest version of its customer engagement platform, Ignite Neuro 2.0.
Salt Edgeincreases the total number of connected banks in the E.U. to more than 300.
Experianunveils new configurations of its Ascend Analytical Sandbox.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
NIIT Technologies’ revenue grew 16+% YoY, and its after-tax profit increased 2% YoY.
Scalable Capitalpartners with Futurae to add multi-factor authentication technology into its investment platform.
LoanScorecardgoes live with its Bank Statement Analyzer tool.
Bettermentadds savings and checking accounts to its offerings.
U.K. neobank revverbank to deploy cloud banking technology from Finastra.
CardFlightpartners with PAX Technology to make SwipeSimple terminal available to clients on the PAX A920 and PAX A80.
Australia’s Volt Bank teams up with FIS to power its mobile and card payment services.
Alterna Bank unveils its new advanced digital platform, Forge, powered by Backbase.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Revolutgoes live with support for Apple Pay in 12 additional countries in Europe.
TransferWiseunveils its borderless account in the U.S.
Salt Edgeannounces integrations with more than 200 banks across Europe.
CardFlightoffers Level 2 credit card processing support for SwipeSimple.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Berkshire Bank partners with Finastra to launch real-time payments.
Belgian online lender Buy Way deploys e-signature solution from OneSpan.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Worldline and Trapeze deliver a hands-free payment solution for public transport.
Sberbank to Open First Branch in McDonald’s Restaurant.
James Hale appointed Head of Product at alternative investing firm Artivest.
Finastranamed2019 Microsoft Alliance Global ISV Partner of the Year.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Coinbaseextends support for USD Coin (USDC) trading in 85 countries.
Finastrahires Mark Miller as new Chief Financial Officer.
Fenergoannounces API integration with global financial markets data provider Refinitiv.
Hastings Direct extends deal with Equifax by signing a multi-year deal.
SDC and Tinkpartner to give 120 Nordic banks access to account aggregation and payment initiation services.
Kony Quantumpowers Qualifacts’ new CareLogic mobile app.
WireBarley partners with Currencycloud to boost its operations in the U.S.
Lendionamed to Fortune’s Best Workplaces in Financial Services & Insurance.
BlueVinetaps Herman Man as new Chief Product Officer.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Finastra has signed three global banks on its Fusion LenderComm platform: BNP Paribas, Natixis and Societe Generale, following a recent sign-up by NatWest, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).
“All of these banks were part of our Fusion LenderComm pilot and the momentum that the platform has seen since then is nothing short of extraordinary,” said Grant Jones, VP, Fusion LenderComm, Finastra. “This brings global banks together on the platform in the live Fusion LenderComm environment, for seamless and secure information exchange.”
Fusion LenderComm is based on Corda Enterprise, R3’s commercial version of its open source blockchain platform, Corda. The firm says it is enabling banks to expose real-time credit agreement, accrual balances and position information data to lenders, directly from agent bank loan servicing platforms, such as Finastra’s Fusion Loan IQ.
Philippe Boulas, Global Head of Corporate Banking Operations at BNP Paribas, said: “With the creation of this community and a collaborative mindset we have a unique opportunity to tackle the operational pain points we have all been experiencing for years and that constrain syndicated loan market expansion.”
Finastra said that Fusion LenderComm integrates directly into the overall technology stack at the banks.
Cécile Bartenieff, COO of global banking and investor solutions at Societe Generale, said: “The Fusion LenderComm initiative will help provide greater transparency and operational efficiency to the syndicated loan market for the benefit of all participants, including the pool of banking lenders and our borrower clients. This is an illustration of how blockchain can help banks optimize the entire flow of financial operations in a standardized and secured framework.”
The product of a merger between Misys – which demonstrated its FusionFabric.cloud technology at FinovateEurope 2017 – and D+H two years ago, Finastra recently announced the appointment of Chief People Office Sharon Doherty. Named a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment report in March, Finastra has forged a variety of partnerships in the first half of the year, including deals with Al Taif Islamic Bank in Iraq and Silvergate Bank of San Diego, California.
IBS IntelligencefeaturesCustomerXPS’ Clari5 in its latest report.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
InComm and WH Smith launch in-store and online hubs for game cards in the U.K.
STOblock interviewsBitbond Founder and CEO Radoslav Albrecht.
India’s Federal Bank turns toRipple to power cross-border remittances.
Khaleeji Commercial Bank of Bahrain partners with Token.io.
Finastrahires Sharon Doherty as its new Chief People Officer.
Equifaxcollaborates with Wolters Kluwer to offer Current Expected Credit Losses (CECL) solution.
Raiffeisen Bank Serbia picksAsseco SEE as its strategic vendor.
NF Innova to power “Customer-First” experience for APS Bank.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
Konynamed a leader for low-code development platforms by independent research firm.
OurCrowdannounces it has raised $1 billion to date.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.
