FAB transfers legacy banking licence to ADQ
A number of legacy banks in Dubai have launched digital-only services this year.
Challenger Bank
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
First Women’s Bank picks Fiserv to underpin 2021 launch
The US neobank will operate out of Chicago to challenge small business lending in the US.
Mexico’s credit alternative challenger Klar lands $15m Series A
“We help people build credit by looking at how and where they spend their money.”
Hong Kong challenger WeLab Bank goes live on Temenos Transact
The neobank launched a few months ago.
PeoplesBank picks Nymbus to help launch digital bank Zynlo
Regional US bank stand up digital branc with help from Nymbus.
UK challenger Lanistar lands £15m from CEO’s family
“Lanistar is not only planning to stand out, but step over all the other start-ups”.
GPS secures Visa investment to fuel international expansion
Payments processing firm plans to branch out from Europe and South East Asia.
Russia’s Yandex and Tinkoff scrap $5.5bn deal
Internal email suggests agreement was lost on nature of the merger.
Unlocking the benefits of unstructured data in banking
Key areas that the sector is failing to tap into with ML and AI.
GPS fills out executive team with handful of new C-level hires
Richard Hodgson, Shaun Puckrin, and Jerome Gudgeon join the payments firm.
Tandem Bank appoints former Allium CEO as new chief commercial officer
Paul Noble joins Tandem to help it create green digital banking services.
US rapper Killer Mike unveils Black and Latino-focused challenger bank Greenwood
Each month, the digital challenger promises to gift $10,000 to Black or Latinx businesses.
Former Barclays execs to launch challenger bank Pennyworth for UK’s “aspiring affluent”
The start-up promises impressive rates considering the current 0% interest climate.
Texan challenger Viva First to launch for Latinos before year end
The fintech is piggybacking off Texas-based Spur Security Bank.
UK challenger Monument lands restricted banking licence
Monument has raised £20 million to date.
South African challenger Bettr prepares for 2021 launch
“Young people are being excluded from wealth-generating services,” says CEO.
Starling Bank launches online portal due to “customer demand”
Balance updates, standing order controls, and savings goals come as standard.
Sticking their necks out
Until now, no established, Black-owned, UK-founded bank has existed.
N26 snaps up ex-Dropbox exec Adrienne Gormley as new COO
New COO Gormley will head up N26’s global customer service.
Private banking challenger Letter set to land in California
The start-up is spearheaded by GoDaddy engineer Drew Wilson.
US challenger One launches all-in-one card to serve middle class
One’s debit card offers a mixture of current, savings, and credit services.
Video: Top fintech stories this week – 25 September 2020
FinTech Futures’ weekly news round-up.
Standard Chartered launches Mox Bank in Hong Kong
The virtual bank uses Thought Machine’s core banking system.
Volt Bank partners with Microsoft to launch BaaS platform
Volt aims to provide retailers and incumbent banks with digital banking services.
Ireland’s An Post launches new app to take on Revolut
By 2025, An Post wants to hit one million customers.
Gaming friendly challenger Xace lands FCA licence
The start-up is active in both the UK and wider Europe.
Challenger Envel plans “autonomous” banking with Autumn launch
The fintech claims it will “optimise” users’ money.
Revolut faces lawsuit in Romania over blocked account
Revolut faces 3,911 complaints so far this year, as compared to its 2,487 for the whole of 2019.
Sustainability fintech Helios aims to reduce users’ carbon footprints
French fintech wants to help users reduce the impact of their spending on the planet.
UK challenger Samie to launch in 2025
The start-up claims it hit the 500,000 future customer mark in mid-2019.
Black-led UK challenger Atmen is raising half a million
The fintech will launch within six to eight weeks of closing its crowdfund.
Allica Bank plans £100m funding round after £26m injection
UK challenger plans for future growth and acquisitions.
Kids are banking’s future NOW
I’m just saying there is an opportunity to learn how to “gamify” banking today.
SEB combines personal and business finance to launch Unquo
The new venture is spearheaded by Christoffer Malmer, head of SEBx.
Hong Kong virtual bank Livi picks Wolters Kluwer for regulatory reporting
New bank wants OneSumX to cover its compliance.
To win the battle of banking, you need a digital war room
Here, banks can get visibility into every single process in their business as they actually behave.
Neon raises $300m in Series C funding to offer underbanked credit
Brazilian challenger back secures Series C in same week as competitor Nubank.
Tandem Bank sunsets credit cards, plans core restructure
Tandem’s Cashback Credit Card will shut down in February 2021.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
