Fintech

Not bad. Relatively speaking, that is. In a week where sentiment in the stock market has been driven by retailers — Target, Lowe’s, et al — and where we saw mid-single-digit percentage declines in the overall indices, the FinTech IPO group held up pretty well. In fact, using Wednesday as a key point of comparison, […]

Mastercard’s biometric ‘wave to pay’ initiative uses customer gestures as part of its identity security but experts are concerned about data privacy Global payments network leader, Mastercard, has launched a new biometric payment initiative called ‘wave to pay’ that uses customer body language to manage its verification and security. While payments using physical gestures have struggled to obtain […]

Providing cloud-native solutions for banks to deploy modern systems, we take a look at Thought Machine and its recent funding Founded in 2014, Thought Machine is one of the UK’s leading fintech companies, with a mission to enable banks to deploy modern systems and move away from the legacy IT platforms that plague the banking industry. The […]

Cloud complexity is slowing engineering teams, says Jonas Bonér, CEO and CTO for Lightbend, Inc. Cloud infrastructure today is a thriving ecosystem of products driving innovation in many areas. But it’s proving to be quite complex, skills are limited, and development teams are drowning. Business initiatives structured on the promise of the cloud—speed to market, […]

UK core banking vendor Thought Machine has doubled its valuation to $2.7 billion on a $160 million funding round led by Singapore’s Temasek with support from a clutch of top tier banks. New investors Intesa Sanpaolo and Morgan Stanley join existing backers Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB in the round, demonstrating […]

Saphyre leverages patented AI technology to structure all pre-trade data, and has increased its total tally of recognised patents from 67 to 105. Saphyre, a leading FinTech company that leverages patented AI technology to structure all pre-trade data while eliminating post-trade inefficiencies, has increased its number of recognised patents from 67 to 105. The New York-based […]

MIAMI – Mayor Francis Suarez welcomed a growing fintech company with headquarters in London to its U.S. headquarters in Miami’s Brickell neighborhood. Zilch, a buy now, pay later app, has about 30 employees and plans to create about 200 more jobs. To announce the U.S. launch, Suarez stood near Philip Belamant during a news conference […]

GoCardless has snagged its first Variable Recurring Payment customer, Nude, the savings app for first-time buyers. The deal sees the up-and-coming personal finance app use the GoCardless network to move money from a saver’s bank account into their Nude Lifetime ISA. In addition to using GoCardless’ Instant Bank Pay for one-off payments, Nude will be […]

Upfin, a new VC dedicated to supporting the Nordic fintech community, has raised €30 million to invest in early-stage startups across the region. At first closing Upfin is backed by a sovereign wealth fund, a pension fund and a financial services union with the aim of investing in 15-20 fintech companies. The team behind Upfin, […]

Marc Jones is Partner, Commercial Litigation, Fraud & Securities Litigation, Stewarts. He is a legal expert on digital financial services and crypto. As the digital currency market becomes both increasingly mainstream yet more complicated, we spoke to Marc Jones, Partner, Commercial Litigation, Fraud, and Securities Litigation, Stewarts, about the future of money globally, and how it looks set to change. Jones […]