Averon, developer of the world’s first mobile identity verification standard that is both automatically frictionless and ultra-secure, announced today it has closed a $5 million Series A1 financing round led by Avalon Ventures and Salesforce founder and CEO Marc Benioff. The round follows Averon’s heavily oversubscribed Series A (October 2017), also led by Avalon Ventures, bringing the full Series A amount raised to $13.3 million. Read more »
Finastra welcomed several APAC Fintech early adopters to its FusionFabric.cloud open architecture ecosystem today at its regional flagship thought leadership event, Finastra Universe, in Singapore. Underpinned by Microsoft Azure, Microsoft’s enterprise-ready trusted cloud platform, FusionFabric.cloud enables third parties t Read more »
Lithuanian Business Angel Network’s (LitBAN) founding event, which took place on March 14th in Vilnius, was an overwhelming success with over 150 attendees and 50 registered paying members. Read more »
Startupbootcamp Scale FinTech Mexico City, the first innovation program for growth stage startups in Latin America, announces the five FinTech startups chosen to be part of its first program, based in Mexico City. The program is run in partnership between Startupbootcamp FinTech and Finnovista, the leading champion of FinTech innovation in Latin America. Read more »
YellowDog, recognised as one of the top 15 Disrupter Businesses in the South West, has closed its most recent investment round with Bloc Ventures as lead investor. Bloc, founded by industry veterans from ARM Holdings and Vodafone, identified the significant potential in YellowDog, and lead this fundraise to initiate their next stage of expansion. Read more »
Temenos (SIX: TEMN), the banking software company, announces that Pushfor and Xtremepush won the public and judges’ vote, respectively, at its first ever Dublin Innovation Jam. Read more »
Durham-based Atom bank has raised £149m in a round led by cornerstone investors BBVA and Toscafund. As part of this fundraising round BBVA will invest a further £85.4m in the 5-star rated (Trustpilot) bank, increasing its ownership to around 39% subject to regulatory and shareholder approval. Toscafund will invest £54.4m and is also increasing its stake in the bank. A number of Atom’s other existing shareholders are also supporting this raise. Read more »
Callsign has beaten 10 other start-ups to win the London stage of NTT DATA’s 2018 Global Open Innovation Contest, and its team will now fly to Tokyo, Japan to compete against entrepreneurs from around the world in the competition’s Grand Finale. Contestants will be competing for the chance to win a three-month in-kind contribution to support the development of their proposed new business, and an opportunity to break into the highly innovative... more Read more »
Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South Africa, the major banks are rapidly ramping-up their own innovation strategies and collaborating with new game-changing start-ups to drive efficiencies, make digital profitable and... more Read more »
Seismic changes in UK policy and legislation could be negatively impacting the UK financial service industry’s ability to build a globally competitive digital customer experience. According to an international study commissioned by identity data intelligence specialist GBG and conducted by Forrester Consulting, the UK financial sector is lagging behind China, Singapore, the US and Australia in adopting new approaches to authenticating customer... more Read more »
Money20/20 Asia will bring together top global FinTech leaders in Singapore – from Ant Financial, GO-JEK, Ping An Group, ICICI Bank, Tencent and DBS Bank to Adyen, Google, Stripe, PayPal, Samsung Pay and many more – to create the future of money. Singapore, 31 January 2018 – Money20/20, the world’s leading FinTech and Payments event, is just 6 weeks from the launch of its APAC edition, taking place in Singapore at the Marina Bay Sands Expo... more Read more »
The FinLab, a joint venture between United Overseas Bank Limited (UOB) and SGInnovate1, today announced the launch of the third cycle of its acceleration programme. The programme is the first-designed by a local accelerator for small and medium enterprises (SMEs) in Singapore that have aspirations to grow and to digitalise. Read more »
2018 Davos conclave marked the official launch of IDAXC, the international Council charged with overseeing the emergent field of marrying and optimizing cryptocurrencies to quantifiable assets. Read more »
More than 400 leaders in the industry of fintech will gather in Dubai this month to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE Ministry of Finance, and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast will take place from 26-27 February at the Madinat Jumierah Conference... more Read more »
Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEx: 2318; SSE: 601318) is pleased to announce that three technology subsidiaries under the Group - Ping An Healthcare and Technology Company Limited (hereafter "Ping An Good Doctor"), Ping An Medical and Healthcare Management Co., Ltd. (hereafter "Ping An Healthcare Technology") and OneConnect Financial Technology Co., LTD (hereafter "OneConnect") - have... more Read more »
