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1287 Results from /retail, 2018

/retail

TransferGo completes $17.5 million funding round

Remittance outfit TransferGo has closed a Series B funding round of $17.5 million, led by Vostok Emerging Finance and Hard Yaka from Silicon Valley, with participation from Revo Capital, U-Start Club and Practica Capital.

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Handelsbanken Finland hands Evry £60 million contract for IT overhaul

Nordic software house Evry has won a £60 million contract for the implementation of new core banking and payment systems at Handelsbanken in Finland

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Robinhood takes on the banks with new Checking and Savings account

Stock trading app Robinhood is moving into banking, launching current accounts and offering savers a market-leading three percent interest rate return on their cash.

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CBA misses out as ANZ and Citi land plum NSW Government contracts

Australia's New South Wales Government has carved up its transactional banking contract with Westpac, in the process handing out plum assignments for ANZ and Citi.

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South African lending startup Jumo raises $12.5 million

Mobile financial inclusion startup Jumo has raised a further $12.5 million from Odey Asset Management, bringing its total funding to date to $103 million.

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TSB's annus horribilis continues

The UK's TSB has rounded off a thoroughly miserable year by locking out two million customers from its online banking service for four hours on Wednesday morning after a maintenance over-run.

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Revolut secures banking licence

Revolut has been granted a European banking licence by the Bank of Lithuania, bringing it closer to its stated goal of becoming the 'Amazon of Banking'.

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Danske Bank opens account aggregation app in Northern Ireland

Danske Bank has introduced an account aggregation feature for its customers in Northern Ireland, using Open Banking APIs to siphon transactional data from other banks to its mobile app.

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Peruvian payments system to go real-time with Vocalink

Vocalink has won a contract with Peru's automated clearing house, Cámara de Compensación Electrónica (CCE) to overhaul the nation's payments plumbing,

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German crypto bank opens for business; solarisBank wins digital asset deal with Boerse Stuttgart

German cryptobanking startup Bitwala has opened for business, onboarding 40,000 pre-registered customers for its bitcoin and Euro deposit accounts.

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Temenos to acquire digital onboarding firm Avoka

Swiss core banking vendor Temenos has agreed to acquire digital customer acquisition outfit Avoka for $245 million in cash and debt.

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Vipps and ePassi to use Alipay QR Code for interoperability

Norway's Vipps and Finland's ePassi have adopted Alipay's QR Code standard to enable interoperability for the four million users of their mobile wallets.