Stockholm Fintech Hub sets up shop at No18
Stockholm Fintech Hub launched in late 2016, now has a permanent home in No18. The new space will act not just as a collaborative workspace but will also allow Fintech companies to hold events. “Over the last 6 months, we have looked at many potential offices in Stockholm. When we walked into No18, we knew we had found something special. We met Michel and his team and an immediate meeting of minds,” says Matthew Argent, CEO of Stockholm Fintech Hub. “We have had a huge response following our launch and have already laid much of the foundation for collaboration in the Fintech community. Now we can open our doors and […]
BBVA opens fintech Olympics
BBVA has amassed a EUR200,000 prize pot for the ninth edition of its Open Talent innovation competition, which the Spanish bank is billing as the world’s biggest fintech challenge. This year’s contest will focus on three distinct categories based on the themes of identity, artificial intelligence and fintech for companies (F4C), supplemented by two additional searches to identify the best fintech ideas to come from female digital entrepreneurs and for ideas that promote financial inclusion. The winner of each of the first three contests will receive a EUR30,000 prize and the opportunity to participate in a week of immersion in Madrid with senior executives of the bank, and a place […]
Vista to acquire D+H for fintech merger with Misys
The US buyout firm wants to create a ‘global fintech powerhouse’ by merging an existing portfolio company with its new acquisition Private equity firm Vista Equity Partners has struck a deal to acquire D+H, a Canadian financial technology provider, with an eye to merging it with UK-based Misys to create a financial software company with $2.2 billion in revenues. US-based Vista said in a statement today that it will pay C$25.50 per share in cash for D+H, including the assumption of debt, in a deal that values the Toronto-listed firm at 4.8 billion Canadian dollars. The buyout firm acquired software provider Misys in 2012. The combined company will be privately […]
How secure is your mobile wallet?
Owing to ease of use, digital payment or mobile wallet apps have seen massive uptake in recent past. But how secure is your digital money? Demonetisation in the last quarter of 2016 pushed citizens of India to use digital payments instead of cash transactions. Owing to ease of use, digital payment or mobile wallet apps have seen massive uptake in recent past. But how secure is your digital money? We checked out the security levels of some of the popular mobile payment apps below. Read on. Paytm Paytm, synonymous to mobile wallets in India, has single factor authentication by default. That means that once you have logged onto the app, […]
Dublin startup Touchtech Payments makes plans for international expansion
One of the first financial technology companies in Europe to develop a solution which uses fingerprinting and retinal scanning to authenticate online payments, Dublin startup Touchtech Payments is making plans for international expansion. Operating in a market where an EU directive will require all banks to improve security by introducing a two-factor authentication by the end of 2018, Touchtech co-founder and head of products, Niall Hogan sees an opportunity to make the most of the early mover advantage. Up until now, the market has been dominated by major players offering payment authentication solutions using passwords and text messages. “There was very little innovation in this space until the fintech revolution […]
South Korea’s Viva Republica taps PayPal to fund Fintech
South Korea-based financial technology services company Viva Republica announced last week that it had closed a KRW 55 billion ($47 million) Series C round of funding. Among the investors in this latest round were venture capital firm Goodwater Capital and US-based payment service PayPal. Viva Republica has found success in its home market with its peer-to-peer (P2P) mobile payment app Toss, which claims to have 6 million users in South Korea. The Nikkei Asian Review reported that Toss users transfer money via the app an average of 6.7 times per month—almost triple the average for similar services. According to data from Wiseapp, Toss was the second most used mobile payment […]
The Benzinga Global Fintech Awards – entries closing soon
The Benzinga Global Fintech Awards May 11, 2017 in New York, is the premier event in Fintech, celebrating financial innovation from around the world. The Benzinga Awards is a competition to showcase the companies with the most impressive technology, who are paving the future in financial services and capital markets! Applications are still open, so apply now before the March 17 deadline. At the event, you’ll get a first look at groundbreaking technology, innovative platforms, and the chance to network freely with top industry professionals. Over 550 FinTech CEOs, C-suite executives of financial institutions, VCs, press, and others attended the 2016 Benzinga Fintech Awards. 45 exclusive exhibitor spots on the show floor […]
London FinTech startup Oinky raises $1m
Tech City News can exclusively reveal that Oinky, a London-based savings app, has raised approximately $1m (£765,000) in Seed funding from a group of high net worth individuals and entrepreneurs from the finance and tech sectors. Originally backed by Seedcamp, the startup, which will use the money to expand its team (it recently hired Azimo’s former head of growth Francisco Lema), launch its product and build additional product features, has also received regulatory approval from the Financial Conduct Authority (FCA). Founded in 2015, Oinky’s mission is simple yet ambitious. Co-founders Ivan Soto-Wright and Conrad Holmboe, who met at Redington, decided to set up the company in an attempt to address […]
