Tuesday, September 25, 2018


Revolut records annual loss but revenue grows fivefold

Challenger banking service Revolut has reported its annual results for the year 2017: the revenue has increased fivefold to £12.8m and the customer base has trebled Read more www.bankingtech.com

Stripe mulls cash advance lending for SMBs

Stripe, the digital payments startup, is reportedly testing a new cash advance service for its business customers. Read more: www.pymnts.com

Three Canadian credit unions partner with Fiserv

Fiserv, a global provider of financial services technology solutions, has announced a trio of new Canadian clients for its DNA core processing system. Read more: www.thepaypers.com

Kasikornbank to pilot Visa’s blockchain cross-border payments

Kasikornbank has become the first financial institution in the Southeast Asian country to get on board the Visa B2B Connect platform Read more: www.thepaypers.com

IriTech supports iris authentication for crypto platform

IriTech has teamed up with Gigzi, a UK-based cryptocurrency platform, to develop a new iris-based security solution for its end users. Read more: www.thepaypers.com

Australian Military Bank powers digital transformation

Australian Military Bank (AMB), one of Australia’s longest serving mutual financial institutions, and Infosys Finacle, part of EdgeVerve Systems, Read more: www.bankingtech.com

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016. Read more: www.finextra.com

ING Bank in Romania closes physical cash desks

ING Bank Romania plans to have all its physical cash desks closed October 29, as it plans to turn its local branches into self-service units, Read more: www.bankingtech.com

UK FinTech Unicorn: Funding Circle preps for IPO

Funding Circle is a FinTech darling in the UK. The peer to peer lending platform is archetypal of this sector of Fintech that originated in Great Britain. Read more: www.crowdfundinsider.com

Raiffeisen Bank branch issues digital mortgage via blockchain

Raiffeisen’s Russian branch issues its first ever e-mortgage, hoping to connect the local real estate regulator to the blockchain system. Read more: cointelegraph.com

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