Four Major Banks Invest In An ID Authentication Firm
Trulioo draws on more than 400 data sources to authenticate the identities of five billion consumers and more than 250 million businesses.
Financial Technology
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How VC Firm Magma Partners is Tapping Into the Untapped Chilean Fintech Market
EXCLUSIVE — With government-backed initiatives and a finite business of copper export, Nathan Lustig, co-founder and managing partner at #Magma #Partners, saw huge potential in the #Chilean #fintech #market. Lustig points out that only 30% of Chileans have credit cards, while only 50% have bank accounts, “and that’s the more advanced population,” he said. Additionally, […]
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SME Accounting Firm Xero Partners with Stripe to Enable ACH Payment Option
EXCLUSIVE – SME #accounting #firm #Xero has partnered with payments platform #Stripe to allow its 1.2 million users to receive Automated Clearing House (ACH) bank transfers. In a statement emailed to Bank Innovation, Xero, Chief #Technology Officer, Craig Walker, stated: Our ultimate goal at Xero is to make sure small businesses are getting paid as […]
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Blockchain Investment Firm Crypto Finance to Apply for Swiss Banking License
#Crypto #Finance, a virtual currency #investment #firm, today announced it closed a €13 million ($ 15.40 million) capital raise to fund an application for a #Swiss #banking #license. The company said it would use these funds to file for the license with Swiss Financial Market Supervisory Authority (FINMA), but did not specify a timeline. Based in […]
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Accenture Acquires Consultant Firm VERAX to Enhance Bank Offerings in Canada
Business management consulting company #Accenture, acquired #fintech consultancy #VERAX, in a bid to #enhance its banking #technology #offerings in #Canada. The addition of VERAX’s technology (which delivers wealth management, brokerage, mobile and online banking, and capital markets “consulting initiatives” for leading financial institutions) will integrate into Accenture’s pre-existing technology capabilities for financial services within Canada. […]
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KeyBank Takes Equity Stake in Payment Cycle Firm BillTrust
Cleveland-based #KeyBank announced a partnership with cloud-based #payment #cycle management #firm #BillTrust, with KeyBank taking an #equity #stake in the firm, the companies said yesterday in a statement. Terms of KeyBank’s equity investment were not disclosed. This is the latest in a series of #fintech partnerships for KeyBank, according to the company, and will allow […]
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Russian Payments Firm QIWI Joins R3 Blockchain Consortium
#Russian #payments #firm #QIWI has joined the R3 #blockchain #consortium.
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Swiss Finance Infrastructure Firm Testing Blockchain with Digital Asset
A major financial #infrastructure provider in Switzerland is developing a proof-of-concept focused on securities market infrastructure.
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‘Big Four’ Firm KPMG Talks New Blockchain Services Suite
#KPMG has launched a #suite of tools designed to help #banks build with #blockchain in a compliant way.
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To Go Big on Blockchain, ‘Big Four’ Firm PwC Thinking Small
To scale up its #blockchain operations, ‘Big #Four‘ audit #firm PwC is #thinking #small with its strategy.
CoinDesk
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