Big banks try to beat ‘Robo-Advisors’ by joining them
Increasingly, Wall Street is launching stand-alone financial advice services as smaller competitors target a key business. Read More: www.cnbc.com
PSBC to roll out online consumer banking services
The bank says it will deepen its cooperation with Ant Financial and Shenzhen Tencent in internet and mobile finance. Read More: ww2.cfo.com
FinTech firm plaid waises $44m
Plaid Technologies Inc.has raised $44 million in a new round led by a fund at Goldman Sachs Group Inc. Read more: www.wsj.com
Paytm Payments Bank looking at October take-off
Digital payment platform Paytm is readying a budget to roll out its bank payments system and eyeing an October launch. Read more: www.business-standard.com
Banks restricting e-payments violate competition law
German regulator Bundeskartellamt has ruled that the country's banking industry is violating competition law. Read more: www.finextra.com
BMO will pay you $5 to use its mobile banking apps
BMO is the fourth-largest bank in Canada and its latest promotion is targeted to increase the usage of its mobile banking apps. Read more: mobilesyrup.com
Brazilian bank Bradesco harnesses blockchain
The institution is supporting startups focusing on the technology and planning trials to develop new services. Read more: www.zdnet.com
Airwallex seals $3m to help firms avoid currency fluctuation risk
Melbourne-based fintech startup Airwallex has landed $3m to minimise cross-border payment risks.
The pre-Series A investment round was led by Shanghai-based venture capital firm Gobi...
Avoka eyes international expansion thanks to $12m funding
Financial services-focused online form software business Avoka has picked up $12m of investment to expand out from its Australia and London bases.
Smacc seals €3.5m Series A round from VC firms
A string of venture capital firms have invested €3.5m in German accounting software startup Smacc.