News & Insights
From around the web
Latest News & Insights from Around the web
By clicking these articles you will be leaving the FinTech Alliance website.
Images from external sources are not the property of FinTech Alliance. Image credits can be found on the external articles.
Micolender Tala raises $110m for Indian push
Tala, a California-based outfit that uses customers' mobile phone data to build credit profiles and....
- August 22, 2019
Customer Currently Not Number 1 for CFOs as 32% of Companies Still Yet to Start their Digital Transformation
According to almost two-thirds of CFOs (65%), digital transformation will result in fewer jobs, desp...
- August 22, 2019
Facebook launches 'clear history' tool – but it won't delete anything
Feature ‘disconnects’ data from a user’s account and shows extent of tracking apparatus
- August 22, 2019
UK sees record foreign investment in tech start-ups
UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this ye...
- August 21, 2019
UK sees record foreign investment in tech start-ups - research
UK tech companies secured record foreign investment in the first seven months of this year research....
- August 21, 2019
HutZero, the Government-Funded Cyber Security Programme, Launches its Fifth Bootcamp
HutZero is part of the UK Government’s quest to discover up-and-coming talent and bolster the UK’s credentials as a global centre for cyber security expertise.
- August 20, 2019
U.K. Neobank Gravity Chooses Core Banking Tech from Finastra
U.K.-based neobank Gravity has chosen the third largest fintech in the world, Finastra, to provide its end-to-end core banking capabilities, reports Ruby Hinchliffe of Fintech Futures (Finovate’s sister publication). The Fusion Essence cloud-based solution, built on Microsoft’s Azure cloud platform, will enable the challenger to deliver “an agile, customer-oriented service that will make business banking fairer and simpler,” said Gravity chairman, Tim Brooke. “Small businesses in the U.K. continue to struggle when it comes to choosing a bank that can support their needs. Traditional banks are failing to keep up with the agility these firms require and instead restrict their access to capital, stifle them with bureaucracy, and provide little or no support.” Gravity is still seeking authorization to serve SMEs with lending, credit card and deposit services, but looking forward with Fusion Essence the bank hopes to scale, offer a range of products, benefit from evergreen software updates and access a collaborative platform. Finastra’s retail banking general manager, Anand Subbaraman, called Gravity “an aspiring new entrant in the U.K. business banking sector” who will be able to “differentiate its services from traditional banks” by focusing more on strategic growth and resulting timely return on investment. This agreement follows closely behind Finastra’s deal with Manchester-based new bank, Revverbank, who also selected Fusion Essence for its end-to-end core banking capabilities. Currently 90 of the world’s top 100 banks use Finastra technology. Finastra (as Misys) demonstrated its FusionFabric.cloud technology at FinovateEurope 2017. Simon Paris is CEO. The post U.K. Neobank Gravity Chooses Core Banking Tech from Finastra appeared first on Finovate.
- August 20, 2019
Global fintech investment plummets worldwide
The ongoing trade war between the US and China led global fintech investments to fall by 29 percent...
- August 20, 2019