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Santander Leads EUR35 Million Series B in Debt Marketplace CrossLend
Santander

Santander InnoVentures is leading a €35 million funding round in pan-European digital debt marketplace CrossLend.

The Series B financing round in the Berlin-based marketplace also includes funding from existing investors Lakestar, ABN AMRO Ventures, and Earlybird.

Founded in 2014, CrossLend provides a digital debt marketplace for consumer, SME, invoices, mortgages and other forms of debt originated by banks and alternative originators. CrossLend securitises the assets as fixed income instruments for portfolio building by institutional investors.

Thursday, October 17, 2019 - 07:11
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/news/wholesale-banking/santander-leads-eur35-million-series-b-debt-marketplace-crosslend
Financial IT
Sberbank and Microsoft Bring AI To Robotic Cash Handling
Robotic

Sberbank and Microsoft Research are teaming up to study how AI can be used to train robots to interact with physical objects in order to boost coin counting productivity.

Thursday, October 17, 2019 - 07:08
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/news/artificial-intelligence/sberbank-and-microsoft-bring-ai-robotic-cash-handling
Financial IT
Paytm Closes in on $2bn Funding - FT
Paytm

Indian mobile payment giant Paytm is looking to raise $2 billion at a $15 billion valuation, according to the Financial Times.

Existing investors Ant Financial and Softbank are likely to join a round that is expected to close within two months, says the FT, citing sources.

The money will be used to help Paytm stay at the top in a market where its is facing competition from Google Pay, Walmart's PhonePe and the imminent arrival of Facebook's WhatsApp payments service.

Thursday, October 17, 2019 - 07:06
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/news/payments/paytm-closes-2bn-funding-ft
Financial IT
distributionsclement@globetrotter.net
Thursday, October 17, 2019 - 05:45
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/content/distributionsclementglobetrotternet
Mastercard’s Principles for Blockchain Partnerships
Mastercard

Not a day goes by without a headline on cryptocurrency, distributed ledger and blockchain initiatives. This technology has undisputable potential and Mastercard, in line with our history of leaning into emerging tech to advance cash displacement and financial inclusion, has been working on blockchain related use cases for several years.

Thursday, October 17, 2019 - 05:15
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/news/cryptocurrencies/mastercards-principles-blockchain-partnerships
Financial IT
Home Bank Migrates to Baker Hill NextGen® Business Loan Origination, Adds CECL Functionality to Full Suite of Products

 Baker Hill, a leading financial technology provider, delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, announced that Lafayette, La.-based Home Bank has renewed its relationship with Baker Hill, including the addition of Baker Hill NextGen® CECL and Baker Hill NextGen® Business Loan Origination, to increase productivity and efficiency in the lending process and deliver an exceptional digital experience to clients.

 

Thursday, October 17, 2019 - 05:10
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/news/risk-management/home-bank-migrates-baker-hill-nextgenr-business-loan-origination-adds-cecl
Financial IT
Fintech Company EBANX is the Newest Unicorn in Latin America
EBANX

EBANX, a payments fintech company headquartered in Brazil that connects global businesses to Latin American consumers, has raised a significant follow-on investment from FTV Capital, a US-based growth equity investment firm. The investment contributed to making the fintech company the newest unicorn of Latin America. 

 

Thursday, October 17, 2019 - 05:04
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/news/payments/fintech-company-ebanx-newest-unicorn-latin-america
Financial IT
StormGain Has Launched Trading Signals for Crypto
StormGain

The cryptocurrency platform StormGain, the official sponsor of the Newcastle United Football Club, has launched a trading signal service for its registered clients.

Trading signals do not require special skills and are available to all StormGain traders. Simply open the “Markets” section in the StormGain application and select the appropriate cryptocurrency for trading. 

Thursday, October 17, 2019 - 04:56
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/news/trading-systems/stormgain-has-launched-trading-signals-crypto
Financial IT
DriveWealth Partners with Chaka, New Global Trading Platform in Nigeria, to Increase Access to U.S. Stock Market

DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced today a new partnership with Chaka, a global trading platform based in Nigeria that launched Oct. 15. Chaka’s technology-enabled platform, offering customers access to Nigerian and global financial assets, is using the DriveWealth platform to provide Nigerian clients access to U.S. stocks.

Wednesday, October 16, 2019 - 12:03
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/news/digital-identity/drivewealth-partners-chaka-new-global-trading-platform-nigeria-increase-access
Path Solutions holds the record for winning the same category for a 13th year at IFN Service Providers Poll 2019

Path Solutions, the global provider of Islamic software solutions and services today announced that it was voted ‘Best Islamic Technology Provider’ at Islamic Finance news Service Providers Poll 2019.

Wednesday, October 16, 2019 - 11:51
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/news/islamic-finance/path-solutions-holds-record-winning-same-category-13th-year-ifn-service
Path Solutions

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