FSTech

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FNZ buys wealth management software firm JHC

Kiwi FinTech firm FNZ has acquired JHC Systems, a UK-based provider of platform software to the wealth management industry. The acquisition should result in the combined group becoming one of the top broking platforms in the UK, when respective existing…

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TSB launches selfie account opening

New research from TSB has revealed that more than half (57 per cent) of over 55s say they never use mobile banking, despite being smartphone users. This is in contrast to 82 per cent of 18 to 34 year-olds who…

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Temenos buys AI startup Logical Glue for £12m

Banking software firm Temenos has acquired artificial intelligence (AI) platform Logical Glue for £12 million, as the industry responds to demand for “explainable” AI banking products. Temenos said Logical Glue’s software-as-a-service (SaaS) platform would bolster its AI offering, giving banking…

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Payments FinTech SumUp raises €330m

Payments FinTech SumUp has raised €330 million to grow its network of merchants across 31 markets worldwide. The funding round was led by Goldman Sachs Private Capital, Bain Capital Credit, HPS Investment Partners and TPG Sixth Street Partners.

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BCR names final switching scheme bank

Banking Competition Remedies (BCR) has announced the results of the second Incentivised Switching Scheme application process, with only Habib Bank Zurich applying and meeting the eligibility criteria. Its offer will go live in mid-August 2019, while existing eligible applicant Nationwide…

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Introducing the CyberSecurity Live conference

Following from the success of RegTech Live in February, FStech is pleased to announce the inaugural CyberSecurity Live conference. As the amount of personal data processed by financial services firms increases exponentially, so does the potential for criminals to intercept…