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Market News
IBS Intelligence has been keeping its finger firmly on the pulse of the global banking and financial services technology industry for over 25 years. We cover what is really going on – the good, the bad, the lessons, the mistakes and the masterstrokes. Our journalists regularly talk to banks and financial institutions about their projects, experiences and strategies; we drill down into the activities and plans of the suppliers; and we ensure that our readers are kept fully informed on all the latest news, developments and trends across the fintech space worldwide. Every word is written by our journalists, with no advertorial or marketing hype.
In addition to all the latest stories, the Market News section has an extensive archive of articles dating back to 2010.
Blend, the digital lending company headquartered in San Francisco, has announced it has raised $130 million in Series E funding led by Singapore based investment company Temasek and global growth equity firm General Atlantic. Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company’s total funding to $310 […]Read More
Lending and transaction banking solutions provider, Nucleus Software, has launched its lending solution- FinnOne Neo 4.0 which comprises of an enhanced lending software, aiming to assist lenders in adapting to the dynamic market trends and customer requirements. Mr. R P Singh, the CEO of Nucleus Software, stated, “Our continuous investment in new technology positions us […]Read More
To help Canadian businesses unlock greater business value and capitalize on advancements in smart technologies and cloud solutions, The Royal Bank of Canada and Microsoft have announced the launch of RBC’s “Go Digital” program. The program is designed to remove key barriers which businesses have cited as preventing or delaying their digital transformation. Go Digital offers a suite of […]Read More
US-based lending solutions provider Capital One has agreed to acquire B2B trade credit financing company BlueTarp Financial. The acquisition is expected to enhance service features for Capital One’s co-brand and private-label credit cards. The acquisition is expected to be closed in the third quarter of 2019. “BlueTarp offers a unified purchase-to-payment system and fosters strong […]Read More
Nordea has invested in the e-commerce solution Mondido in an attempt to strengthen its Nordea Connect e-commerce offer. This is expected to provide the customers with access to all the payment methods in the Nordics through one integration. “We’re already partnering with some of the leading players within e-commerce to add the most value to […]Read More
Chinese SME-focused online private commercial bank, MYbank, has announced that its Star Plan has expanded the bank’s reach to over 15 million SMEs. Star Plan was introduced in June of 2018 with an aim to offer cost-effective financing services to 30 million SMEs in China. MYbank utilizes Alipay’s AI, computing and risk management technologies for […]Read More
J.P. Morgan’s Corporate and Investment Bank has partnered with the UK-based cloud-based portfolio analytics provider StatPro Group to develop and offer Risk and Performance Attribution capabilities for portfolio managers. Samik Chandarana, Head of Data and Analytics at J.P. Morgan, commented, “We are excited to partner with StatPro, whose high-performance cloud-based technology, combined with our expertise […]Read More
Intellect Design Arena has entered into a collaboration with the Bank of Mongolia (The Central Bank of Mongolia), wherein, the bank will implement Intellect’s Quantum Central Banking Solution for accelerating its digital transformation initiatives under the Payment System Modernization project funded by the Asian Development Bank (ADB). The implementation aims to support the Bank of […]Read More
Google Pay, Google’s payment processing arm has announced an expansion of partnership with PayPal to make payments easy and seamless. The collaboration allows for customer’s PayPal account to make a purchase on a Google app or service like Google Play and YouTube can automatically choose that PayPal account when they pay with Google Pay without […]Read More
German financial services provider, Wirecard has announced the launch of boon Planet – an ecosystem of mobile payment and banking services. boon Planet gives users access to diverse digital financial handling on a single platform, combining account creation, Personal Finance Management and making contactless payments via a smart device or card. According to the supplier, boon […]Read More
Cross-asset front-to-back technology solutions provider, Calypso Technologies has entered into an alliance with IHS Markit, in a bid to provide a simplified Securities Financing Transaction Regulation (STFR) reporting process to its clients. According to the supplier, the collaboration with IHS Markit furthers Calypso’s goal in building upon its cross-asset product suite and post-trade processing, collateral […]Read More
California-based gaming hardware manufacturer, Razer has partnered with payment processor Visa transforming how payment processing works in the gaming industry. The partnership will see the development of Razer Fintech, Razer’s financial technology wing with Visa for the creation of virtual Visa prepaid solution for its integration with Razer Pay e-wallet. The partnership allows for 60 […]Read More
Indonesia-based PT Bank CIMB Niaga Tbk (“CIMB Niaga”) has announced a strategic partnership with Singapore-based payment processing provider Liquid Group. The partnership is aimed at bringing cross-border QR payment for Indonesian and Singaporean customers with the help of Bank Indonesia’s Quick Response Indonesian Standard (QRIS). Lani Darmawan, Consumer Banking Director, CIMB Niaga, commented, “We are […]Read More
Real-time financial data access and insights provider, Finicity has integrated with SaaS loan origination technology solutions provider, LendingQB. The partnership will enable LendingQB to utilize Finicity’s digital Verification of Assets (VoA) solution in order to allow lenders to free up resources, increase processing speed and reduce mortgage fraud. “Digitizing the loan origination process is the […]Read More
Konsentus, a RegTech company headquartered in the UK, has announced that the online bank Moneyou, a subsidiary of ABN AMRO, with over 500,000 customers in the Netherlands, Germany, Belgium and Austria, has selected Konsentus to support the roll-out of their PSD2 open banking offerings. Konsentus will provide Moneyou with Third Party Provider (TPP) Identity & […]Read More
