ING reveals crypto report: The utility phase
Until crypto is useful, mass adoption will not follow.
Banking
FairMoney raises €10m to build challenger bank in Nigeria
FairMoney serves 200,000 customers who are mainly small businesses.
Greenlight raises $54m to release debit card for kids
Greenlight’s app can monitor children’s spending and set savings goals.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Making banking human again
It might sound like a contradiction, but technology needs to make banking human again.
Behind the music: Tuning the noisiness of your KYC
Scanovate’s KYC Orchestra has been doing full tours in the EU, Latin America, Israel and the US.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
White paper: The payments transformation race – criteria for success
Download the report from Icon Solutions and Aite today!
Sampath Bank launches virtual teller machine
The branch-in-a kiosk solution that will provide customers with 24/7 banking services.
Grupo Caja Rural implements Strands’ technology
Strands’ tools will incorporate an AI engine, the exclusive engager component.
LexisNexis Risk Solutions says companies will struggle with upcoming 5MLD
The regulation follows from the Panama Papers leaks and crypto.
Research reveals Belgium issued 95% of AML fines in last four months
Authorities handed down three AML-related fines May, totaling to $336.7 million.
We don’t forgive easily
If we feel betrayed, we rarely go back or give you a second chance.
Stay up-to-date with Sibos from anywhere in the world
The countdown to Sibos is on and FinTech Futures will be there bringing you the Daily News at Sibos.
Introducing: Finovate Podcast
A short, interview-based podcast featuring conversations from fintech’s elite innovators and influencers.
Digital Nigerian bank Kuda raises $1.6m in pre-seed funding
Kuda is the first digital-only bank in Nigeria.
Confirmations bring peace of mind to cross-border payments
Swift is working on a new universal confirmations initiative.
Video: Top fintech stories this week – 15 September 2019
Industry’s top stories and happenings from across the globe.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
Grupo Crédito Agrícola launches new banking app “moey!” with Meniga
The app will give Crédito Agrícola customers budget advice.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
Northmill receives banking licence from Swedish Authority
The neobank says it’s had a “constructive dialogue” with the SFSA
New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
Australian start-ups welcome a senate inquiry into the fintech space
The start-ups argued that politicians have done far too little.
Tech vs. humans: Can fintech have it all?
Is interacting with a person over an algorithm a hindrance, or a help?
White paper: Moving traditional infrastructure into the smart POS world
Download the latest AEVI white paper
DN Intersect 2019: “US banks can learn from McDonalds”
“It’s a lot of fun, very easy to navigate and offers the customer complete choice.”
Valiant, Contovista and Swisscom launch a multi-banking solution for SMEs
SMEs can manage their liquidity across all connected accounts.
DN Intersect 2019: US Banks are “already beaten” if they ignore APIs
“It’s time the US starts paying attention to open banking.”
HKEX £32bn bid for LSE faces rejection
HKEX’s proposal is conditional on LSE abandoning a $27bn acquisition of Refinitiv.
United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
SmartStream RDU launches SFTR security reference data service
Gathering data required under SFTR could prove to be a headache for most firms.
Bankmed (Suisse) SA chooses MIT’s trade finance platform
“Releasing 5G is another important milestone for MIT.”
FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit
This includes ads about its FCA Brexit webpages and a dedicated phone line.
New exchange fintech Currensea goes live in the UK
The card allows users to save on foreign spending.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
DN Intersect 2019: DN battles with banks to win trust in the automation race
DN says banks are “very rigid” with AI-automated ATM functions.
DN Intersect 2019: Apple Card to be “most successful bank account launch in history”
“If you don’t go mobile […] then you’re going to look like Nokia,” says Richard Crone.
iSunOne to build world’s first Islamic blockchain financial system
The firm will work directly with the Malaysian government.
