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1631 Results from 2016

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Markit to buy Loan/SERV position reconciliation tech assets

Financial data outfit Markit has agreed to buy the position reconciliation technology assets of Loan/Serv from the Depository Trust & Clearing Corporation (DTCC). Financial terms have not been disclosed.

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TD Bank and Cisco forge R&D agreement

TD Bank is teaming up with Cisco to build customer and employee experience technology at the IT giant's new innovation centre in downtown Toronto.

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Starling secures $70 million investment

UK digital challenger bank Starling has raised $70 million from Harald McPike, the founder of Bahamas-based quantitative investment manager QuantRes.

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Mambu raises EUR8m

Commerzbank's venture capital fund has joined a EUR8 million funding round for SaaS banking platform provider Mambu.

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Thiel joins EUR6.5 million round in European startup Deposit Solutions

PayPal founder Peter Thiel has joined a EUR6.5 million funding round in Hamburg-based startup Deposit Solutions, which is building a B2B-based open architecture platform for retail deposits across Europe.

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Economic woes spell doom and gloom for Chinese fintech sector

Fintech startups in China look set for a bumpy ride in 2016, as the Government backtracks on legislative easing and the big banks prepare to reassert their dominance over the management of consumer finances, according to J Capital Research.

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Maybank launches contactless wristbands

Customers of Malaysia's Maybank can now make payments with a wave of the wrist using NFC wristbands developed by the bank in association with Visa.

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2016: A pivotal year for the future of fintech

We asked Bruce Wallace, chief digital officer of Silicon Valley Bank, whether a fintech bubble is brewing.

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Cops break up ATM jackpotting gang

European authorities say they have shut down an ATM 'jackpotting' gang that used malware to empty cash machines across the continent.

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Lending startups dominate digital banking funding scene

Lending firms dominate the fintech funding scene, pulling in nearly two thirds of all investment in digital banking startups in 2015, according to CB Insights.

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HSBC COO takes to Twitter to apologize over systems breakdown

HSBC chief operating officer John Hackett has taken the unusual step of posting a video on Twitter to apologize for the two days of disruption to online and mobile banking services as UK customers returned to work in the New Year.

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UK banks accused of weak login page security

More than half of banks and building societies in the UK are leaving their online customer login pages vulnerable because of insecure SSL instances, according to security experts at Xiphos Research.