Path Solutions and Thomson Reuters extends GCC systems partnership
iMAL core banking and Onesource tax solutions to be offered in tandem.
Business-to-Consumer/B2C
UK banks see surge of interest in Bounce Back Loans Scheme
In the first minute after 9am, Barclays had received 200 applications.
Revolut launches deposit-insured bank in Lithuania
Revolut says it also plans to roll out consumer lending services to the region.
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
RBS closes digital bank Bó six months after launch
Customers will be given a notice of “at least” 60 days before their accounts are closed.
Car service financing fintech ASF lands £14m despite production slow down
The investment comes after UK car production dipped by more than a third last month.
Safaricom and Visa sign M-Pesa partnership
The two firms will work on developing new products for the African payments platform.
Investing app Stash lands $112m Series F led by LendingTree
This month Stash also surpassed $1 billion in assets and 4.5 million users.
Hungary’s central bank unveils first fintech report
The report recorded 110 domestic fintech companies as of 2018.
UK fintech Cash Coach set to gamify savings launches on app stores
The fintech will now look to raise up to £400,000 on Crowdcube.
Travelex founder invests £3m in ex-Virgin Money exec venture Snoop
Dorfman joins fellow shareholder in Snoop, Salesforce Ventures.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
Iress integrates with Knowledge Bank’s mortgage criteria search engine
Brokers will be able to access lender criteria all in one place.
Russia’s VTB set to expand C2C to 160 corridors by Q3
Currently its C2C service is available in 20 countries.
RBS unveils ‘companion card’ to help vulnerable customers during lockdown
The card has a £100 limit which can be refreshed every five days.
Chip raises UK’s ‘largest’ lockdown equity crowdfund on Crowdcube
Chip managed to raise £2.6 million from 4,240 investors.
Currencycloud among first non-bank firms to offer Swift gpi payments tracking
TransferGo, Penta and Money Mover were early participants in the pilot programme.
bunq launches shared ‘bunq +1’ accounts for parents and businesses
Users can add as many bunq +1s as they want for a flat fee of €2.99 each month.
Lifetise launches app to assist self-employed with finance support amid COVID-19
It quickly determines the government support options available to them.
UK trading app Freetrade to launch sixth crowdfunding campaign
Last year saw the fintech raise £1 million in just 77 seconds.
Saudi Arabia’s fintech sandbox welcomes nine more start-ups
The sandbox is home to 30 fintechs.
Challenger Zelf to launch banking offering solely through messenger apps
“We have migrated into the top screen time for Gen Z’s and millennial’s,” says founder.
Looking beyond the coronavirus trading boom
Some trading apps see their future in the saving market.
UK fintech Zeux lets users shop on Amazon through its banking app
The feature is currently in beta.
Curve bags former PSR CEO as advisor on regulation strategy
Nixon managed the PSR for five years until last year.
Klarna exec jumps back into banking as CIO of Bluestep Bank
Klarna’s former VP of Engineering says he can’t wait to build “a mortgage bank for all”.
Trade Republic lands $62m in Series B funding
German firm secures one of the largest Series B funding rounds the region has ever seen.
Varo Money takes on Moven’s consumer accounts
Accounts with Moven will shut on 30 April 2020.
Snoop launch a month early “to help households during coronavirus”
The fintech is headed by ex-Virgin Money CEO Dame Jayne-Anne Gadhia.
Robinhood is raising fresh capital at an $8bn valuation
It apparently made $60 million in March – triple what it made in March 2019.
Santander’s money transfer fintech PagoFX launches in UK
Fees will not be incurred until 16 June 2020 for transactions under £3,000.
Mastercard’s Ethoca teams up with Microsoft to offer digital receipts
The Canadian firm has an ongoing partnership with Microsoft.
ThoughtSpot CEO: “We haven’t seen any cutbacks” due to our automation in banks
The banks ThoughtSpot works with are hiring more people to power its automation.
Identity verification platform Onfido bags $100m from TPG
The start-up wants to create an alternative “identity verification” layer for the internet
Credit Kudos lands £5m Series A ahead of FCA’s credit market study
The capital raise was led by AlbionVC.
CaixaBank and Global Payments create prepaid card under MoneyToPay brand
Global Payment’s Netspend president Kelley Knutson will head up the venture.
Big data fintech GeoDB bags £1.37m from Seedrs investors
The UK fintech combines big data, blockchain and crypto into ‘Big – Crypto’.
Chinese tech giant Huawei to launch new consumer credit card
Chinese manufacturer borrows a selection of Apple Card features for new product.
