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Tencent and DST Global Pump $115 Million into Qonto
French neobank Qonto

French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to specific markets, and grow staff numbers from 200 to 300 during 2020.

The online-only bank for SMEs, freelancers, and startups offers expense management, company card issuing and cash flow services to 65,000 accounts internationally. Earlier this month, the bank announced plans to open in Germany, following previous launches in Italy and Spain.

Wednesday, January 22, 2020 - 05:04
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/news/wholesale-banking/tencent-and-dst-global-pump-115-million-qonto
Financial IT
Central Banks Form Group to Explore Digital Currency Creation
central bank digital currency

Six of the world's central banks have come together to share their knowledge and experiences in assessing the potential cases for central bank digital currency (CBDC) in their home jurisdictions.

Wednesday, January 22, 2020 - 05:01
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/news/cryptocurrencies/central-banks-form-group-explore-digital-currency-creation
Financial IT
WorldPay and Visa Back African Payments Firm Flutterwave
Flutterwave

Flutterwave, a payments startup operating in Africa, is looking to expand across the continent after closing a $35 million funding round and securing partnerships with Visa and WorldPay.

With bases in Lagos and San Francisco, Flutterwave is one of several African fintech firms looking to cash in on the continent's drive to electronic payments.

The company helps merchants accept payments both online and at the point-of-sale through a host of methods, including cards, mobile money and bank transfers.

Wednesday, January 22, 2020 - 04:41
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/news/payments/worldpay-and-visa-back-african-payments-firm-flutterwave
Financial IT
Thailand’s SEC Grants License to Crypto Exchange Platform Zipmex
Zipmex

Asian cryptocurrency exchange platform, Zipmex, has gained the license to provide digital assets and exchange services in Thailand, following a 12-month wait.

 

Headquartered in Singapore, the trading platform currently operates in Indonesia and Australia, standing at a current valuation of $18 million after having raised $5 million to date. The bitcoin trading license follows Zipmex's $3 million pre-Series A funding round just last September, led by Infinity Blockchain Holdings.

 

 

Wednesday, January 22, 2020 - 04:38
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/news/cryptocurrencies/thailands-sec-grants-license-crypto-exchange-platform-zipmex
Financial IT
Ignite Sales Achieves Record Growth, Entering 2020 with Momentum
Ignite Sales

Ignite Sales, Inc., the financial industry leader in customer engagement technology, announced the company experienced an impressive year in 2019 in terms of growth, industry recognition, and product enhancements.

As the financial industry focuses more intently on technology to drive outstanding customer engagement, financial institutions are recognizing that Ignite Sales’ highly developed and proven technology empowers bankers and their customers to easily discover and meet financial needs.

Wednesday, January 22, 2020 - 04:34
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/news/financial/ignite-sales-achieves-record-growth-entering-2020-momentum
Financial IT
Computop Reveals New Payment Card Terminal at Euroshop Trade Fair

Computop,  a leading global payment processor, today announced that it will be exhibiting at Euroshop, the retail trade fair in Dusseldorf, Germany (February 16-20). The company will be showcasing its new, Android-based card terminal, Computop Next A920, providing demonstrations for visitors to the event.

Tuesday, January 21, 2020 - 12:11
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/news/payments/computop-reveals-new-payment-card-terminal-euroshop-trade-fair
Financial IT
Temenos helps new U.S. digital banks go live in 90 days with the most functionally rich and technologically advanced, front-to-back SaaS digital banking offering

Temenos (SIX: TEMN), the banking software company, today launches a front-to-back banking software as a service designed uniquely for the US market – with pre-integrated U.S. banking products and services designed to deliver an outstanding customer experience.  Leveraging the power of its Temenos Infinity and Temenos Transact banking products built on its modern cloud-native, cloud-agnostic and API-first technology, Temenos has developed the next-generation SaaS product, enabling new digital banks to launch in the US within 90 days, and grow their business rapidly.

Tuesday, January 21, 2020 - 11:00
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/news/banking/temenos-helps-new-us-digital-banks-go-live-90-days-most-functionally-rich-and
Financial IT
Backbase Opens New APAC headquarters in Singapore

Digital banking software provider, Backbase, has today announced the launch of its new regional headquarters in Singapore. Off the back of strong growth in the past few years, the regional centre in Singapore will strengthen its regional footprint to ensure greater proximity to clients and provide high-quality services and expertise to businesses in Asia Pacific (APAC). 

Tuesday, January 21, 2020 - 10:55
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/news/banking/backbase-opens-new-apac-headquarters-singapore
Google CEO Calls For AI Governance
Sundar Pichai

In a Sunday opinion column in The Financial Times (FT), Google and Alphabet chief executive officer (CEO) Sundar Pichai wrote about the importance of having government oversight regarding artificial technology (AI).

“Growing up in India, I was fascinated by technology. Each new invention changed my family’s life in meaningful ways,” he wrote. 

Now that he is in the position to frame new tech advances, he said he believes that international cooperation for oversight is vital in order to impose workable global standards. 

Tuesday, January 21, 2020 - 10:40
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/news/artificial-intelligence/google-ceo-calls-ai-governance
Financial IT
Yolt celebrates two year anniversary of Open Banking by extending Yolt Pay feature to Monzo account holders

Yolt, the smart thinking money app, has announced that one of its newest features, Yolt Pay, is now available to Monzo account holders.

Tuesday, January 21, 2020 - 10:21
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/news/open-banking/yolt-celebrates-two-year-anniversary-open-banking-extending-yolt-pay-feature-monzo

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