Australian telco ZipTel buys up challenger bank Douugh
Douugh uses AI to help customers get better insights on their money.
Banking
Brex acquires trio of San Francisco start-ups
Neji, Landria, and Compose Labs all brought under the Brex umbrella
Dublin start-up My Money Jar lands investment from Enterprise Ireland
The fintech has raised a total of $1.4 million.
Russia’s PM introduces new bill for fintech sandboxes
These new sandboxes will be subject to lighter regulations.
Coronavirus crisis forces the EU to redraw its digital strategy
Working remotely is also causing considerable strain on the EU’s IT system.
Survey: Corporate Banking & APIs – the state of play
Are there concrete API plans and strategies in place? We’d greatly appreciate your input in this survey.
Draft coronavirus stimulus bill considers ‘digital dollar’ to help unbanked
House Democrats have drafted a bill which, if enacted, would create a ‘digital dollar’.
A look under the hood of ABN Amro’s internal Covid-19 operations
The bank admits there were some VPN teething issues.
Erste Bank Hungary integrates OneSpan into mobile banking
The bank hopes to keep transactions secure and comply with PSD2.
Aussie challenger Xinja lands $255m from Emirates’ World Investments
Xinja will receive the bulk of the investment over 24 months.
big xyt hires SocGen’s Richard Hills
Data analytics firm snaps up electronic equities trading man.
US non-bank financial firms push Congress for SME lending relief
Legislators are currently working on a bill which addresses small business loans.
Hong Kong’s first virtual bank opens its digital doors
Za Bank launches with incumbent-challenging interest rate.
Revolut heads stateside with US launch
The London-based unicorn expands to North America.
HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans
This is the first time HSBC will use third-party data to approve trade finance loans.
UK challengers Revolut and Monzo combat claims they are going bust
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Fronted, 11:FS and Credit Kudos create ‘Covid Credit’ for self-employed
Covid Credit uses open banking data to help the self-employed get income relief.
Finastra brings servers back online after ransomware attack
“A bad-actor was attempting to introduce malware into our network,” says firm.
World Bank issues $300m loan to boost Indonesian financial sector
International bank seeks to support Indonesian fintech and banks.
Goldman Sachs becomes part of SAP’s Ariba Network
More than 4.6 million companies make up the Ariba Network.
Path Solutions signs Somalian challenger MyBank for iMAL core
Path Solutions says it now has a “stronger focus” on the Somali market.
Cloud security in a post-GDPR world
An increase in cloud adoption leaves some interesting questions when it comes to data regulation.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
ESMA relaxes MiFID II call recording rules in wake of COVID-19
The EU regulatory body recognises limitations created by the virus.
How smaller banks can take control of their role in the US open banking movement
Embracing open APIs offers plenty of benefits for financial institutions of all sizes.
How machine learning can power your business
It demands careful planning and a high-level understanding by all stakeholders.
Video: Top fintech stories this week – 20 March 2020
FinTech Futures’ weekly news round-up.
eBook: Tackling the data challenge for regulatory compliance in banking
Staying above the rising tide of banking compliance requires data. Download the free e-book for the in-depth insights.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Temenos and ClearBank team up for UK cloud payments
The partners will offer access to real-time payment services.
Appian unveils software to help banks operate amid coronavirus outbreak
The application is only available to companies with more than 1,000 employees.
Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
Mastercard set to propel bunq’s Green Card throughout Europe
The cards have seen a CO2 reduction of roughly 30.8 million kg so far.
Video: Hot-seat with Steven Marshall, CCO of Crown Agents Bank
He reveals how a legacy institution can stay relevant and adapt in this digital wave.
MatchMove applies for one of Singapore’s full digital bank licences
The company has teamed up with three other bidders.
HSBC confirms Noel Quinn as permanent CEO
He has held the job on an interim basis for seven months.
Disrupting small business banking
I think what we (business owners) really want is an experience driven bank.
Stress testing: Turning an obligation into an opportunity
Challenges can be mitigated through greater automation and enhanced data management.
Square lands conditional banking licence from FDIC
The bank will be based in Utah.
Neobank for America’s middle-class One lands $17m Series A
The 40-person challenger has opened early access to its private beta.
