But I don’t like strawberries
You shouldn’t always accept the premise of a question. Especially if it’s evidently not itself premised on fact.
Banking
Zopa shutters P2P retail investment business to focus on banking offering
Zopa CEO says erosion of consumer trust and regulatory burdens are to blame.
Ameris Bank adds to lending portfolio with Balboa Capital acquisition
Ameris Bank resources will allow Balboa to expand its offering, says Balboa CEO.
NatWest hit with £264.8m fine from FCA for money laundering failures
The fine includes a 33% discount thanks to the bank’s early guilty plea.
The development of real-time payments in the US
In the US, real-time solutions look set to revolutionise payments as we know them.
Banking Technology Dec 2021/Jan 2022 issue out now
Cover story: THE GRETA GOOD – How the finance sector can help save the planet.
Fintech funding deals globally 6 December – 12 December 2021
Featuring Monzo, Tipalti, Mambu, Tradeshift and Pleo.
Video: fintech news pick of the week – Better.com, WeLab & Rapyd
Our top pick of news from the world of finance and tech in bitesize video format, every week.
South African challenger bank Tyme completes $180m Series B with Tencent investment
The investment from Tencent and UK development finance institution CDC brought in an additional $70 million.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
UK SME lender OakNorth acquires cashflow forecasting solution Fluidly
Since its launch in September 2015, OakNorth Bank has lent over £6.5 billion to SMEs.
Growing a backbone: Will AI empower accountants or undermine them?
By working with AI rather than against it, accountants can leverage its assistance to elevate their roles.
Diebold Nixdorf tapped by Cambodian retail bank ACLEDA for self-service solutions
Diebold Nixdorf will deploy its services across ACLEDA’s 262 branches.
CBI: Collaborative open finance ecosystems for a market success story
80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.
FinTech Futures Jobs: Three exciting roles to apply for this week
Exciting open vacancies at Starling Bank, Funding Circle and Crowdcube. Apply today!
Mambu valued at €4.9bn after bumper €235m Series E round
The round is the largest private fundraise for a banking software platform to date.
FIS Horizon core banking system gains two new takers, PointBank and Bank of Southern California
The two US community banks have also signed for FIS’ Digital One solution.
Monzo raises more than $500m from investors at $4.5bn valuation
The neobank has already closed the first batch of money — $480 million — with more expected soon.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
Dutch digital bank Bunq partners with Tulp to offer mortgages
Challenger says it will become “the first European digital bank to start offering mortgages”.
Nordic bank SEB to automate billing ops globally with SunTec
SunTec’s Xelerate platform will digitise SEB’s sales process globally.
Financial services app Lydia hits unicorn status with latest funding
Paris-based Lydia has raised over $100 million in new funding.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
Westmark Credit Union in core banking tech revamp with Symitar
The new solution will be hosted in a private cloud environment.
Banking start-up Hatch rebrands as Nearside, raises $58m in Series B
Founded in 2019, Nearside focuses on “the smallest of the small businesses” in the US.
I am an immigrant
I was asked recently in an interview what I mean when I describe myself as an immigrant. Let’s discuss.
APIs, open banking and the changing face of financial services
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
WeLab to launch new digital bank in Indonesia following BJJ acquisition
WeLab has raised $240m to fund the acquisition – “the largest fintech funding in Indonesia in 2021”.
Temenos lands core deal in Gibraltar with Trusted Novus Bank
The bank will implement Temenos Transact and Temenos Infinity, delivered on a cloud basis.
Digital transformation in mortgages: beyond weathering the storm
With the high demand for mortgages in the UK, digital transformation efforts in the space have accelerated.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
White paper: Cloud contact centres for financial services – delivering agility and superior CX at scale
Enabling financial services organisations to stay agile and elevate the customer experience.
Banking service for migrants Majority raises $27m in Series A
The company has identified 180+ unique migrant communities it intends to offer its services to.
Numerated acquires fellow fintech Fincura
Numerated is “building the future of business banking”, founder and CEO states.
AMP appoints new CTO, Felicia Trewin
Felicia Trewin will start her tenure in March 2022 and join AMP’s executive committee.
Batelco and i2c to launch Bahrain’s first open banking super app, Beyon Money
Beyon Money has recently secured a “first of its kind” open banking licence.
The path forward for open banking payments
At a time when banks have lost ground in the market, open banking payments provide an opportunity to respond.
FinTech Futures Jobs: Three really cool jobs you can apply for this week
Exciting open vacancies at Klarna, Starling Bank and Funding Circle. Apply today!
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
ICYMI funding round-up: Bunq, Qapita, GajiGesa, Knowledge Bank, Anchor, Goalsetter, & Lamaa
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
