CSConnect 2019: Lloyds head says tech firms don’t get enough heat for banking app glitches
Lloyds head: “We’re either in this together or we’re not”.
Consumer/Personal Finance
Google sets its eyes on banking next year
The tech giant allegedly doesn’t intend to sell customers’ data.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
New interest-free credit service Postpay launched in Dubai
The service aims to counter the cash on delivery culture.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Three key steps that can put banks ahead in the sustainability revolution
Including adopting sustainable technology and processes lowering your carbon footprint.
The trainer and the tech
Digital design teams need to surround themselves with a diverse group of colleagues.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
CaixaBank opens “urban oasis” for Barcelona customers
The space will have Michelin star chefs and virtual rural landscapes.
India’s Reserve Bank welcomes retail paytechs to new regulatory sandbox
The bank hopes to “spur innovation in [the] digital payments space”.
Backbase Connect 2019: How Backbase built a digital bank in 47 minutes
From an uncustomised template to a fully-customised, integrated banking app with 13 mins to spare.
Alipay launches prepaid card for international visitors
Prepaid card scheme for international visitors is a first for the giant Chinese payment firms.
Backbase Connect 2019: Backbase challenges Banco Santander’s €20bn digital spend
The digital banking firm says it will build a digital bank in one hour.
UK start-up Freetrade raises $15m, inc. first-time investor Draper Esprit
Draper Esprit invested $7.5 million in the fintech.
Japan’s instant credit start-up Paidy raises $143m
It includes $83m in a Series C extension and $60m in debt financing.
UK Treasury makes paying back consumers victim to APP fraud ‘compulsory’ for banks
The phrase ‘gross negligence’ will also be defined.
End-to-end innovation in digital debt management
We speak with Spyros Retzekas, COO, about what’s helped the business thrive.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Credit score fintech TotallyMoney raises £5m investment from SVB
TotallyMoney now has 2.5 million customers.
Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
UK fintech Koyo raises £3.8m to aid wiped credit histories
The fintech helps migrants or people who’ve never taken credit or been the main bill payer.
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
Bank of America unveils new mobile banking app with loan applications built in
The bank has 29 million mobile clients.
OneSpan director: Banks need to implement AI’s full potential
Banks still have siloed data pools which can’t quite be pulled.
US challenger Current raises $20m in Series B, surpasses half a million customers
The neobank began as a parent-controlled teen debit card in 2017.
How to provide customers from China with a habitual and convenient service
An official account is the first step for a company towards the Chinese audience.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
The birth of life stage banking
Finally customers will get help in managing their lifestyle or life stages.
Western Union expands into Asia with Kyodia and Hanpass partnership
The collaborations are live with payout functionality.
UK consumers stick with their banks as switches drop again in 2019
This decrease follows a similar pattern between Q1 and Q2.
US fintech community dealt blow by federal court as charter is denied
The OCC will be appealing the decision by the US courts.
Mastercard and Visa battle over Revolut deals
Revolut says 75% of its non-European cards will eventually be Visa branded.
Santander to launch online deposit platform in US
It is said to be a rival to Goldman Sachs’ Marcus offering.
Making payment easy across Africa and beyond
Thabo Makoko, explores how the continent can improve its payments infrastructure.
Webinar: Revolutionizing Credit Cards: How to Deliver Value Through Context
Catch the latest Finovate webinar on-demand!
