Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
IBM takes over Red Hat
Red Hat to be acquired by IBM in “game changing” $34bn deal
IBM and Red Hat claim that between them, they have contributed more to the open source community than any other organisation.
Coinbase raises $300m, now valued at $8bn
Brings the company’s total funding to just over $525 million.
Monzo closes £85m round as it plans more crowfunding
This is part of its quest to reach a $1.5 billion valuation.
European Banking Federation calls for reporting regulation review
Calling on financial sector authorities in the European Union to create an integrated and standardised framework for data reporting to improve the quality of data while reducing the reporting burden.
Bank Zero launches trial in South Africa
A new challenger mutual bank in South Africa.
The Banking Technology magazine October 2018 issue is out! Click here to read the free digital edition.
