PPRO gives Europe’s merchants access to Chinese shoppers with UnionPay
The Chinese ecommerce market is currently valued at more than $1 trillion.
Business-to-Business/B2B
Poland’s digital banking provider Efigence talks private over public cloud
“Banks don’t want to invest in infrastructure when they don’t need it,” says CTO.
New Zealand’s central bank launches new market infrastructure with Italy’s Sia
“The extent of change is significant,” says RBNZ, which is deploying to 57 banks.
Metro Bank cuts two thirds of new branches and returns £50m to BCR
The bank is paying back £50m of its fund from BCR.
Banking Circle nabs first banking licence from Luxembourg regulators
Banking Circle’s operation centers in the UK, Germany and Denmark will turn into bank branches.
ConsenSys-backed start-up Apex:E3 launches analytics platform
Initially focusing on digital assets, the fintech will branch out to more traditional asset classes in the future.
BBVA joins $1.3m round for UK gig economy start-up Wollit
It’s one of the first to evolve out of BBVA’s ‘Venture Creation Partnership’ with Anthemis.
TripActions lands $500m credit facility from SVB, Goldman and Comerica
TripActions Liquid will float an employees’ travel spend.
Exclusive: Unite Global gets $5.25m from Svea to launch cross-border payments hub
The new hub will select 8-12 partner banks to deliver global instant payments.
OTB Ventures raises $100m for Central and Eastern European tech start-ups
OTB aims to fill its portfolio with 16 CEE companies by 2022.
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
Starling Bank raises £60m from existing investors Merian and JTC
The round brings the neobank’s total funds so far to £323 million.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Fintech in the next decade: The intersection of what’s possible and what people want
Before we start to look at what the next 10 years hold, it’s worth taking a quick look back.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Fintech M&A: Prioritising growth and resilience
There is still runway for further consolidation.
20th Banking Technology Awards Supplement
A golden celebration of excellence and innovation.
PayPal users lose £1m to fraudsters posing as buyers
A total of 3,059 crime reports were submitted to Action Fraud regarding the scam.
ADB creates $50m venture fund for start-ups driving sustainability
The fund will support start-ups helping Asia and the Pacific reach their sustainable goals.
The personal touch
Anna Loevskaya talks about corporate digital banking & the role of content in selling SaaS.
SaaS fintech Rimilia raises $15m from SVB and other investors
The investment brings the fintech’s total funding raised to $40 million.
Worldline to buy rival Ingenico for $8.6bn
Worldline says the acquisition will create the fourth biggest player in the global payments sector.
Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
OakNorth to deploy lending platform for Dutch lender Oimio
Newly-launched firm aims to help SMEs with loans of €1-10 million.
Flywire CEO talks payments platforms, consolidation and fragmentation
Fragmented payments industry may thwart firms’ platform plans.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
IBM makes major changes to executive leadership
New CEO Arvind Krishna will take the helm.
EXCLUSIVE: TCS to power Israeli digital bank with debut platform offering
Unnamed new challenger will use TCS for its entire tech stack.
Pleo rolls out credit cards and secures e-money licence
The start-up is switching up its purely prepaid card offering model.
How FIS developed its “evergreen” core banking system
FinTech Futures speaks to Andrew Beatty of FIS about its new platform.
UK’s PSR seeks input on New Payments Architecture competition issues
Regulator calls for comment ahead of 2021 launch.
The future of trade finance
We speak to Mastercard, NatWest and Marco Polo senior executives about their partnership.
How Canadian start-up Cinchy is transforming data for banks
Exclusive interview with Cinchy’s CEO. “Think of it as the end of fragmentation.”
API provider Currencycloud raises $80m in Series E funding
The round was co-led by Visa and SAP’s venture arm Sapphire.
Finnish SME banking service Holvi launches in UK
The challenger already has 200,000 customers largely in Finland and Germany.
Part two: Who is best positioned to provide marketplace banking?
Three strategies for standing out in a market: cost leadership, differentiation, and focus.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Barclays signs tech partnership with invoice insurance firm Nimbla
UK bank to offer Nimbla technology to one million SME customers.
GetVantage debuts with India’s first revenue-based financing platform
The alternate funding model is gaining significant traction in foreign markets.
