Curve, the ‘over-the-top’ banking platform, raises $55M at a $250M valuation

Curve, the ‘over-the-top’ banking platform, raises $55M at a $250M valuation By: Steve O’Hear TechCrunch Curve, the London-based “over-the-top banking platform,” has raised $55 million in new funding. The startup lets you consolidate all of your bank cards into a single Curve card and app to make it easier to manage your spending and access other benefits.Curve’s Series…

SendFriend Unleashing xRapid For Faster And Cheaper Payment To The Philippines

SendFriend Unleashing xRapid For Faster And Cheaper Payment To The Philippines Ripple’s race to dominate the global remittance market has now touched down in the Philippines. The blockchain company working alongside SendFriend is pushing Ripple’s cross border remittances services to the Southeast Asian nation. SendFriend, in partnership with xRapid, will introduce cheap cross border money…

Tink secures strategic investment and partnership from PayPal

Tink secures strategic investment from PayPal Swedish open banking solution provider, Tink, received a fresh round of funding from PayPal, writes David Penn at Finovate.Tink called the investment and partnership a “major vote of confidence in our tech and an indicator of the strength of the open banking movement in Europe.” The investment from PayPal adds $11.2 million to…

Amaiz launches brand new banking app for entrepreneurs

Amaiz launches brand new banking app for entrepreneurs Amaiz, a UK-based fintech, launched its first business banking app for UK entrepreneurs. The business current account for sole traders will be accessible via Amaiz’ sleek mobile app, which also includes financial health overviews, 24/7 in-app customer support and accountancy assistance. Although sole traders can use their…

FinMechanics eyes European expansion with Amsterdam office

FinMechanics eyes European expansion with Amsterdam office Singapore-based FinMechanics has opened an office in Amsterdam as it seeks to bring its treasury systems and services to London, reports Martin Whybrow. This is the supplier’s second European foothold, having opened in London in November of last year. The company was set up in 2007, initially offering services,…

HSBC seeks AI prowess with Element AI partnership

HSBC seeks AI prowess with Element AI partnership HSBC has partnered with the Canadian artificial intelligence (AI) software company, Element AI, to help the bank develop the capability to quickly and effectively analyse data from clients of its Global Banking and Markets (GBM) division. This bank hopes this collaboration will help it meet global regulatory requirements…

UniCredit enhances invoicing service with FinDynamic partnership

UniCredit enhances invoicing service with FinDynamic partnership UniCredit, the Italian banking group, has partnered with FinDynamic, an Italian fintech company offering dynamic discounting programs, as it seeks to enhance its working capital offering for corporate clients. As part of the agreement, UniCredit has also taken a minority equity stake in the business. Dynamic discounting is…

Alipay and six European mobile wallets collaborate on digital payments

Alipay and six European mobile wallets collaborate on digital payments Six mobile wallets across Europe, together with  Alipay are collaborating to promote QR code-based digital payment interoperability for travellers both in Europe and from China. Bluecode, ePassi, Momo pocket, Pagaqui, Pivo, Vipps and Alipay are working towards adopting a unified QR code, marking a milestone in connecting Europe’s mobile…