Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

BrickVest launches second Employee Participation Fund

BrickVest, the London-based online real estate investment platform, has launched its second Employee Participation Fund (‘EPF’) in partnership with BEOS, the German commercial property specialist, part of the Swiss Life Asset Managers family since August 2018.

19 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

Company update/startups

SellersFunding launches in the UK and Canada

SellersFunding, a data-driven alternative lending platform, today announced its expansion into the UK and Canada, where e-commerce sellers will now have the opportunity to leverage the company’s unique solutions designed to help them obtain, optimize and manage their funding.

15 August 2019

Company update/devops

Biz2Credit to spend $10 million on staff training

Biz2Credit Inc., the leader in online digital SME finance platforms, today announced that it is committing more than $10 million in a technology training initiative designed to further enhance the skills of more than 100 of its employees globally in areas such as software engineering, AI, data analytics, and IT support.

14 August 2019

News/Alternative finance

New Zealand backs salaries paid in cryptocurrencies

New Zealand based companies can now legally pay their employees in cryptocurrency, establishing the controversial asset class as a mainstream form of payment.

13 August 2019

Company update/Alternative finance

LendInvest secures £200 million financing package from the National Australia Bank

LendInvest, the UK’s leading marketplace for property finance, has received £200 million investment from the National Australia Bank (NAB), one of Australia’s largest banks.

12 August 2019

Company update/Alternative finance

ScaleFactor closes $60 million Series C funding round

ScaleFactor, the intelligent finance and automated accounting platform, today announced that it raised a $60 million Series C funding round led by Coatue.

09 August 2019

News/Alternative finance

SoftBank leads $200 million investment round in C2FO

Working capital marketplace C2FO has raised $200 million in a funding round led by SoftBank Vision Fund.

08 August 2019

Company update/startups

FinMkt closes $5 million Series B

FinMkt, a leading New York-based B2B fintech solutions provider, announced today the close of its $5 million Series B preferred equity round led by FINTOP Capital with participation from existing investors including ManchesterStory Group and West Loop Ventures.

08 August 2019

Company update/Alternative finance

LiquidX adds DBS to platform; expands Singapore office

LiquidX, the global network for illiquid assets, is excited to welcome DBS Bank to its network.

06 August 2019

News/Alternative finance

R3 commits to London despite Brexit uncertainty

R3, the enterprise blockchain software company, has doubled the size of its London hub amidst Brexit precariousness.

02 August 2019

News/Alternative finance

Circle CEO claims current financial system is 'failing 99% of the time'

Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.

30 July 2019

News/retail

Taiwan issues three digital banking licences

In a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.

30 July 2019

News/devops

How developers can leverage retail banking open APIs

Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.

30 July 2019

Company update/startups

Hokodo awarded €2m by Horizon 2020 to free SMEs from unpaid invoices

Hokodo, the UK fintech startup, has been awarded €2m by Horizon 2020, the funding programme for research and innovation run by the European Commission.

25 July 2019

Company update/Alternative finance

Capital on Tap turns to Marqeta for payments processing

Capital on Tap, one of the UK’s fastest growing companies, announced today that it is partnering with Marqeta, the leading global modern card issuing platform, to power payment processing for its small business credit card, relied on by over 60,000 UK enterprises.

23 July 2019

News/cloud

BMO taps Demica supply chain finance tech

Bank of Montreal is joining forces with working capital outfit Demica to provide clients with supply chain finance options.

15 July 2019

Company update/Alternative finance

WorldPay and ClearBank founder Nick Ogden joins Funding Options’ board

Fintech pioneer Nick Ogden has joined the board of Funding Options, the UK’s leading business finance marketplace, as non-executive chairman.

10 July 2019

Company update/Alternative finance

EPA calls for wider account access

The Emerging Payments Association (EPA) has today published its response to the publication of UK Finance’s good practice guidelines on Access to Payment Account services.

08 July 2019

Company update/retail

Kabbage gets $200m revolving credit facility

Kabbage, Inc., a data and technology company offering automated cash flow solutions to small businesses, closed a $200 million revolving credit facility to support its rapid growth providing U.S. small businesses access to flexible, online funding.

02 July 2019