Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits for an Australian FinTech, reports in the Australian Financial Review said Wednesday (Dec. 12). Switzerland-based Temenos will acquire Australia-based Avoka for $245 million,...
Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money laundering activities. Now, a new report is shining a spotlight on European banks’ lackluster performance in another area: small business...
Banks appear to be finally waking up to the need to innovate. Between the growing number of blockchain consortia, in which banks explore the use of distributed ledger technology, and the rising instance of partnerships between traditional and alternative financial service providers, it appears banks...
When it comes to choosing a bank, for consumers, it’s increasingly about the app. It’s then up to the bank to ensure the app is safe. For the January Digital Identity Tracker™ cover story, PYMNTS spoke with Don Bergal, CMO at financial tech firm Avoka,...
November 03, 2015
Avoka, which helps financial services companies acquire digital customers, has announced a strategic partnership with Trulioo, a provider of instant identity verification for international enterprises. Through the terms of that partnership, which was announced Monday (Nov. 2) in a statement by the two companies, the technology targets will include real-time, AML- and KYC-compliant verification systems. To that […]
