AI will drive FinTech revenues up 960% by 2021
Increasing use of artificial intelligence (AI) will lead to a surge in FinTech revenues over the next five years, according to a new report from Junipur.
Azimo integrates with Facebook Messenger
International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.
IBM Reportedly planning acquisition of point-of-sale business Revel
IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.
Fiserv teams up with Early Warning for peer-to-peer payments
Financial services technology company Fiserv is partnering with Early Warning to offer the company’s clearXchange peer-to-peer payments service.
Eleos takes $2.2m for point-of-sale technology
Singapore-based point-of-sale (POS) technology company Eleos has received S$3m ($2.2m) in funding from telco M1’s subsidiary M1 TeliNet.
Blockchain payments provider Coinify swipes $4m
Danish blockchain payments service provider Coinify has landed $4m in a Series A round. The investment comes from Sweden’s SEB Venture Capital and SEED Capital Denmark.
Privitar swipes $2.9m for data-privacy software
Privacy-enhancing software company Privitar has raised £3m ($2.9m) in a new round of funding led by Illuminate Financial Management.
Square beats Wall Street expectations, reports 41% revenue jump
Mobile payments company Square beat Wall Street’s expectations to report a 41% year-on-year jump in revenue for the second quarter of 2016.
Elliptic teams up with LexisNexis to fight bitcoin money laundering
London-based blockchain intelligence startup Elliptic is partnering with risk management firm LexisNexis to bring anti-money laundering (AML) regulations to cryptocurrencies.
Thompson Reuters joins R3 Blockchain Consortium
Thompson Reuters is the latest company to join a consortium of institutions, headed up by New York fintech firm R3, dedicated to developing use cases for the blockchain technology in financial markets.
