Indian SME neobank Open gains backing from Google in $100m Series C
Open raises $100 million to expand into new markets, including the US.
Banking
Sibos 2021: Citi’s Paco Ybarra says banks must adapt and collaborate in a rapidly changing world
Ybarra says that banks like Citi must work with, rather than against, change.
Sibos 2021 video: SmartStream on cash and liquidity management in difficult times
FinTech Futures interviews Peter Dehaan, new business director for cash and liquidity management at SmartStream.
Sibos 2021: ISO 20022 “isn’t the solution to all your problems”, says panel
Payments panel at industry conference cautions sector about incoming standard.
Latin American fintech Dock acquires BaaS platform BPP
Dock CEO Antonio Soares says the move will provide “immediate value to our customer base”.
JIC Bank picks Technisys to power core banking
Puerto Rican lender aims to serve retail and commercial customers with new system.
Bank of Ireland closes 88 branches as digital shuffle continues
The Irish lender first announced its cuts to physical locations in March.
Sibos 2021: Financial services and the fight against climate change
How could climate change impact the finance industry and what more can companies do to tackle the issue?
White paper: Top three frauds in online banking and how to prevent them
Dissecting digital scams in-depth, showcasing the most important examples and the relevant technical details.
Fintech funding deals globally 4 October – 10 October 2021
Featuring Devoted Health, CoinSwitch, Ajaib, Sky Mavis and Masterworks.
Sibos 2021: “I’ve never seen the industry refreshing itself more,” says SmartStream CEO
SmartStream CEO Haytham Kaddoura discusses the growing importance of AI and ML and the future of fintech.
Daily News at Sibos 2021
Download your free copy of the Sibos supplement today!
Raiffeisen Digital Bank picks Mambu to launch mobile lending service
Users can request loans of up to €22,000 in a “fully digital” system.
NatWest acquires child banking start-up RoosterMoney
Acquisition underlines strategy to help young people learn to manage money.
Santander spins out Getnet Brazil with plans to form “merchant acquiring franchise”
Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.
Video: fintech news pick of the week – Google, Monzo, NatWest & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
FinTech Futures Jobs: Three amazing jobs to apply for this week
Exciting vacancies at OakNorth, Checkout.com and Finastra. Apply today!
NatWest pleads guilty to £365m money laundering failure
UK bank faces rare criminal proceedings in December.
Digital wallet OneFor partners Moorwand to launch European remittance service
The partnership will boost financial inclusion for the bloc’s diaspora communities.
New UK banking hopeful Tryllian targeting 150m member figure
New bank is applying for an electronic money licence in the UK.
Curve reports widening operating losses despite revenue growth in 2020
The banking platform suffered from the high costs of doing business during the pandemic.
Regulate or ban: EU’s proposed AI credit scoring framework hears feedback
The EU has been receiving recommendations on its proposed Artificial Intelligence Act.
First Women’s Bank launches in US with focus on fixing gender lending gap
New lender is Chicago’s first chartered bank since 2009.
Canadian tech firm Coconut Software secures $22m Series B funding
The cash will go towards product development, hiring new staff and investing in marketing and sales.
US de novo commercial bank Genesis goes live in California
The new bank is focused on serving commercial clients in CA counties.
If I had a penny…
If we’re going to talk about inclusion, don’t talk to me about current accounts. Talk to me about money.
White paper: Video banking – delivering the full potential of next-gen customer service
Discover how next-generation video banking can keep your member satisfaction high, minimise call handle time, and reduce complexity.
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
NatWest chair warns against “gambling” with cryptocurrency
Sir Howard Davies says the “damned stuff” should be banned.
UK government overreliance on old tech is a wake-up call to finance
A recent report shows the UK government spends £2.3 billion a year patching up old systems.
Cartoon: Model Behaviour
This new cartoon illustrates the need for evolution at neobanks.
Case study: Meeting CU members where they are with virtual branches
How Unitus CU achieved a higher satisfaction rating for its “virtual branch” than any physical branch experience.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
New fintech Z-Walet plans Egyptian launch targeting Gen Z
Founded in 2020, the firm is still at the waiting list stage.
N26 pays €4.25m fine for money laundering failures
German digital bank hit with fine by country’s financial regulator.
Fraud prevention platform Alloy hits unicorn status with $100m investment
Investment will go towards building out an evolving customer identity profile offering.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
What the Fintech? | S.2 Episode 19 | Can’t see the wood for the VCs
Level Ventures’ Ian Foley joins us for this latest episode of our What the Fintech? podcast.
EBF head calls for EU banking regulation reform to compete with US
Santander’s Ana Botín also calls for further banking integration across the bloc.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
