Latest updates in the world of FinTech research & news

Crowdfunder.co.uk was founded in 2014 and claims to be the UK's number one rewards-based crowdfunding platform, also working with corporates to help them leverage their philanthropic investments. In just under six years, Crowdfunder.co.uk has helped raise more than £100 million for charities, businesses and community projects across the UK as well as working with several corporates including Santander and RBS NatWest to distribute grants.

India's banking regulator has finally released guidelines allowing a video-based customer identification process (VCIP) as a method for conducting KYC (know your customer). The Reserve Bank of India (RBI) came out with the video-KYC process in January following pressing demand from banks and other regulated entities seeking another alternative to existing recognised KYC solutions, which involve physical verification thus making customer acquisition a tedious and expensive affair.

Visa offers top dollar for Plaid, marking the increasing importance of data access . In January, Visa announced the purchase of financial services API start-up Plaid, signing a $5.3 billion deal, subject to regulatory approval the deal will close in three to six months. Plaid has been hot in the market with Visa reportedly beating Mastercard in a bid battle. A few days after the Visa deal was announced, UK-based Banking-as-a-Software platform Bankable revealed that it had signed a mutually beneficial agreement with the start-up.

Arab Jordan Investment Bank (AJIB) is one of Jordan's leading investment and commercial banks that serves retail customers, large corporations and financial institutions. AJIB's retail department provides diversified products and services to its clients such as personal and housing loans and most types of credit cards; and AJIB's investment and corporate banking departments offer their clients a wide range of investment and commercial banking services including mergers and acquisitions, equity capital markets, transaction advisory services, project and trade finance and equity research.

Established in 2006, BanCoppel S.A. operates as a commercial bank in Mexico and is part of Grupo Coppel, which is one of Mexico's largest department store chains catering to low and medium-income demographics. The group was founded in 1939 by Enrique Coppel Tamayo. The banking unit received its certification as a bank by the Comision Nacional Bancaria y de Valores (CNBV; the National Banking and Securities Commission), an independent agency of Mexico's Secretariat of Finance and Public Credit in 2007.

IBS Intelligence held its second FinTech Roundtable at the CedarIBSI FinTech Lab in Dubai Media City on 28 November 2019. Representatives from FinTech Lab members including i-Xceed Solutions, Fournxt, Clayfin, Expleo (formerly Thinksoft) and Clari5 came together with a clutch of banks based in United Arab Emirates (UAE); among them National Bank of Fujairah, Mashreq, Emirates NBD and Dubai Islamic Bank. The roundtable event was staged to discuss the need for innovation in treasury management systems and regulatory technologies in the banking ecosystem.

This 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.