Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
Banking
Banking Tech Awards 2020 Winner: Bank BRI & Infosys Finacle – Best Use of IT for Lending
Revamping customer lending through partnerships and back-office change.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
FinTech Futures Industry Survey & Report 2021
A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.
Orange seeks buyer for loss-making banking unit
Orange’s banking ops in trouble despite an income of €79 million last year.
Trulioo hires new CTO in OpenText’s Hal Lonas
Lonas joins to spearhead the firm’s product development.
“Cloud first” emerging at the heart of end-to-end transformation
81% of FIs future-proofed their technology infrastructure by moving to the cloud, 63.6% reduced cost.
Stori raises $32.5m in Series B funding
The round was led by Lightspeed Venture Partners.
American Business Bank picks Teslar Software to refresh commercial lending
The Los Angeles bank says it wanted a “forward thinking” partner.
Budget 2021: What does it mean for UK fintech?
FinTech Futures scrolls through the UK chancellor’s new budget to pick out the fintech impact.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
Square finally launches bank after filing first application in 2017
Previously, Jack Dorsey’s fintech partnered with Celtic Bank for banking products.
Piraeus Bank extends Antelop partnership for digital payments
The Greek bank has worked with Antelop since 2018.
ABA Bank picks Alessa system to meet new AML regulations
Cambodian bank prepares to hit new regulatory targets.
London calling
City firms can still access EU market despite no financial services deal.
ECB wants final say on stablecoin issuance under new EU regulation
This new regulation won’t apply in the UK following Brexit.
UK Finance plans future revamp for Open Banking body
The OBIE is morphing into a new organisation to support innovation.
Croí Laighean Credit Union signs for Temenos SaaS platform
Temenos wins another Irish credit union for Community Banking platform.
Philippines-based neobank Uno boosts AI services with Xebia deal
The prospective bank is pushing its AI capabilities as a unique selling point.
UK chancellor to reveal £22bn infrastructure bank in 2021 Budget
The bank will offer loans to local authorities at lower rates to support new projects.
Indian start-up Zaggle registers new fintech ZikZuk to offer SMEs credit
In the next two years, ZikZuk intends to take itself across the globe.
Goldman’s consumer head Omer Ismail leaves for Walmart’s fintech venture
Ismail architected the firm’s move into consumer digital banking.
Ben Davey departs from Barclays Ventures CEO role
Davey steps down to focus on independent investing and advisory services.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
Brex raising at $8bn valuation following banking licence application
Tiger Global Management is reportedly backing the round.
Ethical challenger algbra banks on tech to define it in “fintech gold rush”
“We’re building a backend on a global level,” says co-founder.
Black-owned First Boulevard bank secures $5m ahead of its official launch
Part of its goal with the new capital involves building out a Black business marketplace.
Banque Misr kicks off digital transformation plans with Atos
Atos to deliver new digital banking experiences for Egyptian bank’s customer.
UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently.
Banking Tech Awards 2020 Winner: TMRW – Best UX/CX in Finance Initiative
Exclusive interview with Kevin Lam, head of TMRW Digital Group.
Video: Top fintech stories this week – 26 February 2021
FinTech Futures’ weekly news round-up.
The big fight: banking vs technology companies
In over 30-years of banking, I have never seen a more complex and competitive landscape as there is now.
Atom Bank plans £40m shareholder fundraise in prep for future IPO
The bank has raised £429 million to date from eight funding rounds.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
FCA boosts data strategy with new executive hires
Stephanie Cohen, Jessica Rusu, Sarah Pritchard, and Emily Sheppard all join the watchdog.
Kalifa report says UK’s fintech crown at risk from waiting competitors
To mitigate the risks posed to UK fintechs, the report lists a number of recommendations.
Lloyds spends big on tech projects as profits slump 72%
The bank spent around £1.2bln on tech in 2020, equivalent to the profit it generated for the year.
Banking Tech Awards 2020 Winner: AFS – COVID-19 Response by Fintech
An innovative approach to urgently find solution to accommodate the US government’s Payroll Protection Program.
What the Fintech? | S.2 Episode 5 | Rising to the top
Featuring Alexandra Boyle, head of strategic client group for Europe at OpenFin.
