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Toronto based Cinchy, a data collaboration company has announced that it has raised $10 million in Series A financing, led by Information Venture Partners (IVP). The funding round saw...
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Edinburgh-based startup Blockchain Technology Partners (BTP) announced today the appointment of Paul Forrest as its inaugural non-executive chairman. The company recently held its angel funding round led by Aberdeen...
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Hong Kong-based Blockpass has launched the WebID version of its identity verification protocol – KYC Connect. The company has mentioned that it has responded to market demand and an...
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Ola Financial Services (OFS), the financial arm of taxi-hailing app Ola, has raised INR 2.05 billion in funding from Matrix Partners and others, according to its regulatory filings. The...
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Investing can now definitely become a child’s play with India’s leading wealth-management app Cube Wealth. The Mumbai-based FinTech has launched some fun games to cultivate smart investing habits and...
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National Payment Corporation of India (NPCI), an umbrella body for all kind of digital payments in the country, said that it has launched an artificial intelligence (AI) based chatbot...
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India’s leading InsureTech Digit Insurance has recently launched a health insurance product ‘Arogya Sanjeevani, Go Digit’, a standard product that provides basic health insurance cover of between INR 100,000...
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Indian first payments bank (PB) to go live Airtel Payments Bank (APBL) has partnered with global payments player Mastercard to develop customized products catering to customers across the underbanked...
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In its bid to provide end-to-end value-based services to the mutual fund industry, India’s stock exchange BSE will soon start onboarding investors through e-KYC and Video-KYC on its Star...
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Open banking API provider Yolt Technology Services claims it has reached over 80% API coverage across Italy, France, and Spain. This growth forms part of the company’s European expansion...
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Turkish bank, DenizBank, is using Chicago-based OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management...
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Denmark based Paiblock, has announced that the FinTech has extended its in-app banking coverage to customer accounts across the Canadian banks, as a Fintech response to COVID-19 outbreak. Paiblock,...
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XTM, a Toronto-based FinTech company providing mobile banking and payment solutions has announced that the company is leveraging the Interac Bulk eTransfer solution offered by RBC to help its...
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Europe-based blockchain bank, Bank Frick has announced the addition of a stablecoin, USD Coin (USDC), to its range of tradable and custodial cryptocurrencies. The Bank states that it will...
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Singapore-based Global eTrade Services (GeTS) announced the onboarding of GEODIS Regional HQ — Asia Pacific (GEODIS), a global supply chain operator, on the platform – CALISTA. The platform enables...
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The Financial Services Commission (FSC) of South Korea announced that switching automatic transfer accounts using ‘Payinfo’ will be possible between banks and non-banks beginning May 26, 2020, which will...
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UK-based payments solution provider, SumUp announced the launch of its online payment tool for helping businesses to cope up with social distancing measures. The new solution will enable merchants...
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California based PayCertify, a leading online payment processor for the e-commerce, healthcare and hospitality sectors has announced that the company has partnered with Florida based dispute management specialist, Chargebacks911....
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Equifax, an American multinational consumer credit reporting agency has announced that the company has entered into a strategic partnership with London based HooYu, identity confirmation and fraud investigation reg-tech...
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12CM (One-two-cee-em), a smart stamp software platform provider and a member company of the Born2Global Centre, has partnered with the Naver Business Platform (NBP). NBP is a fully independent...
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A global survey conducted by Finastra has revealed that 86% of the global banks are ready to utilise open APIs for enabling Open Banking capabilities within the next year....
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Velotrade, a web-based invoice financing service provider, has selected Dun & Bradstreet, a commercial data and analytics company, to use its global database to enable comprehensive, real-time analysis of...
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The Reserve Bank of Australia announced the discussions undertaken by the Payments System Board in light of the COVID-19 pandemic implications for risk management by financial market infrastructures (FMIs)....
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Alice McCall has partnered with AirPay FinTech, where the collaboration has enabled Alipay and WeChat Pay on the Shopify e-commerce website. Over a million Australian Chinese individuals can now...
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Avaloq and Infosys announced a collaboration today for facilitating end-to-end wealth management capabilities through digital platforms. The collaboration will see Infosys act as a strategic implementation partner for Avaloq’s...
Read MoreIBS Journal of the Month
The FinTech sector has risen to the challenge of the Covid-19 pandemic, responding to customer needs and filling gaps in services that may not otherwise have been addressed in the short and medium term. The impact of Covid-19 and of lockdowns around the world has forced many businesses to rethink their strategies and the FinTech sector, in particular, has received a lot of attention in recent weeks, with some actors seeing a significant rise in business activity even though whole economies have been shut down. Sub-segments such as lending, digital banks, wealth management and digital payments have witnessed massive traction globally.
Read MoreThere has been much hype and speculation about open banking's disruptive credentials, here Paul Dignan investigates how holistic API management is the key to unlocking open banking's vast potential. Open banking is essentially the practice of sharing financial information electronically, securely, and only under conditions that customers approve of. Chatter about open banking persists because it is can be a significant innovation catalyst, enabling better user experiences, streamlining lending, automating accounting, and pioneering new payment options. Asia is already enthusiastically embracing the concept, buoyed by a slew of countries digitalising in real-time, a large base of tech-savvy consumers and digital payment platform ubiquity.
Subscribe to read moreGovernments around the world are offering aid businesses in distress but are government-backed Covid-19 lending schemes being hobbled by old tech? Governments across the world are offering financial aid and loans through different schemes to companies large and small but getting access to the schemes has proven a struggle due to the volume of applications. In the UK, data from the British Chambers of Commerce (BCC) suggested that in mid-April, only 1.4% of businesses enquiring about the government’s Coronavirus Business Interruption Loan Scheme (CBILS) for SMEs had been successful in receiving a grant while figures from UK Finance suggested that the figure is even lower at 0.65%.
Read MoreIn March 2020 Path Solutions announced that it had achieved the Microsoft Gold Partner Competency for Data Analytics, demonstrating a best-in-class ability and commitment to meet Microsoft customers’ evolving needs in today’s mobile-first, cloud-first world, and distinguishing itself within the Microsoft partner ecosystem. The same month, Mohammed Kateeb, group chairman & CEO of Path Solutions was named by ISLAMICA 500 as one of the world’s Top 50 distinguished personalities who have made a major impact on the Islamic economy again this year. This marked the fifth time that Kateeb has received this peer recognition, placing him among the leaders who have built and pioneered the Islamic economy and Halal industry.
Subscribe to read moreMore resources are being set aside by banks as the Fundamental Review of the Trading Book (FRTB) looms large. large part of banks’ preparation involves them balancing their capital between the standardised approach (SA) and the internal model approach (IMA). For smaller banks, the costs of infrastructure requirements for the IMA in terms of systems, data and processes wouldn’t be justified compared to the lower capital requirements they could achieve with IMA compared to SA. The SA calculations also have some synergies with risk calculations for other regulations, such as the upcoming Initial Margin (IM) requirements.
Read MoreOpen banking started to become the new buzzphrase in banking circles in 2015 when the UK government started laying out timelines for technology to change the world of banking forever. Airbnb, Uber, Amazon: three companies, three very different industries, three major disruptions. The last decade has seen massive transformations in customer experiences and interactions. Now, the next big revolution is here and it’s happening in the world of banking. While conventional retail banking has been transforming itself over the last few years, the Coronavirus is expediting the whole process.
Subscribe to read moreThis section is a monthly snapshot of activity in the banking technology system space. This is useful for anyone who wants to track banking system sales on a regular basis. The Who’s Bought What provides all the key details of the deal such as the bank that bought the system, the type of system, the supplier and the system name, and the country of sale.
Read MoreUS FinTech companies are expanding from payments into digital lending and vice versa while financial institutions are actively working on enhancing their digital offerings. The FinTech industry in North America continues to evolve in 2020, with ever-increasing investments pouring into startups, established FinTech companies rethinking their strategy and incumbent financial institutions speeding up technology developments. Significant developments have been underway since 2019 where various FinTech companies are expanding from payments into digital lending and vice versa, and financial institutions are actively working on offering more services through their digital channels.
Subscribe to read moreIBS Intelligence-Market Leader in FinTech News, Research and Consulting
Established in 1991, IBS Intelligence (IBSI) is the definitive source of independent news, analysis & research relating to global financial technology markets. IBSI's three-pronged FinTech approach is what gives strength to the firm and its clients. Its Editorial Team in London and Mumbai tracks important industry events as they happen, and in many cases leads the story. The Research Team updates the research material, daily and monthly, through active industry engagement and secondary research. This along with Cedar and IBSI's consulting team has over 30 years of experience in assisting banks develop and execute FinTech strategy, bringing real world insights to its research.
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IBSI's website provides extensive daily coverage of in-depth news & analysis of events globally. The website provides the latest FinTech news, expert views and opinions, analysis, events and more. There is also the IBSI podcast section that showcases conversations between its editorial team and industry experts on various FinTech topics.
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IBS Intelligence is pretty much the only pure FinTech research firm. With over 350 FinTech research reports covering 250+ FinTech suppliers, covering all major banking technology systems (including new age FinTech) - IBSI basically has it covered. Which is why leading research providers such as Thomson Reuters, Capital IQ and Bloomberg, have selected IBSI to be on their platforms available to their clients.
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- Robotic Process Automation in Financial Services Report
- CyberSecurity in Financial Services Report
- Global Cloud Banking Strategies Survey Report
- Payments and Card Systems and Suppliers Report
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IBS Intelligence has under its belt several bespoke FinTech consulting projects that have provided valuable insights to a global mix of tier one banks and banking technology companies. Engagements typically include, feature & price benchmarking, market size & forecasting, amongst others. IBSI team is also able to provide insights over a call via our expert call/analyst call offering.
