Video: Top fintech stories this week – 02 October 2020
FinTech Futures’ weekly news round-up.
Digital
Banks’ rapid digitalisation leaving compliance teams in “no man’s land”
Regulators need to understand the challenges facing compliance teams.
JP Morgan Asset Management signs Morgan Money deal with SAP
SAP to deploy Morgan Money on its client-facing delivery platform.
Getting ahead of the game in banking
The plethora of digital engagement platforms out there are really just very basic gamification platforms.
Can financial technology help reduce inequality?
Decisions made by algorithms can have a detrimental effect on people’s lives.
Swift launches project for “brilliantly simple” SME cross-border payments
The messaging and infrastructure network makes next step in new strategy.
Personalised banking – delivering moments-based customer experience
Proven ways for banks to improve personalised experiences, withith insights from Forrester, PWC and Gartner.
Airwallex adds $40m to Series D round, hits $200m raised for 2020
Aussie-founded fintech plans to use cash to expand into new markets.
Argentina’s money management app Ualá launches in Mexico
“It’s a much better product than we had in Argentina [upon launch],” says the CEO.
Alkami Technology closes $140m funding round
The cloud-based digital banking firm has raised $378 million to date.
Mastercard and ACI sign payments infrastructure partnership
The pair are targeting central banks, schemes, and service providers.
NAB publishes deep dive into UX platform NAB-X
The bank wants to use the self-built platform to roll out new features more quickly.
Jobs of the week: four exciting fintech roles you can apply for right now
FinTech Futures Jobs: featuring vacancies at Monzo, OakNorth, BNY Mellon and more!
Transforming the debt collections experience with self-service
The more intelligent collections virtual agents are, the more positive an impact they can have.
PayTech Awards 2020 now on YouTube: celebrity host, comedy stand-up, winners and more!
Watch Zoe Lyons perform her stand-up and unveil the winning projects, companies and people of PayTech Awards 2020.
Jumio acquires Beam Solutions’ AML technology
Identity firm plans to boost its KYX platform.
Private banking challenger Letter set to land in California
The start-up is spearheaded by GoDaddy engineer Drew Wilson.
Nymbus undergoes management shake-up with new CEO & CFO
Banking technology firm secures new faces at the top.
Crown Agents Bank pens Vodacom mobile payments partnership
The bank extends its services to a potential pool of 13.4m customers.
Aussie neobank Douugh lists on ASX ahead of US launch
The plan is to launch in the US before Christmas.
Why do some fintech start-ups experience high exec churn rates?
“Many founders enter the mindset that an hour lost is an hour gained by the competition”.
SpotOn secures $60m Series C funding round from DST Global
The latest round puts SpotOn’s total raised at $190 million.
Trio of European start-ups raise fresh funding
Factris, KodyPay, and Swan all complete funding rounds this week.
NatWest to offer customers CO2 calculator with fintech CoGo
The bank recently found 70% of its customers are concerned about climate change.
Report: Intelligence, information & innovation – how UK financial services is shaping up for 2020
Comprehensive new research into the challenges, concerns and opportunities facing UK financial services providers.
Sberbank drops the “bank” from its name to take on tech firms
Sber has launched a series of digital services alongside its tech company revamp.
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.
The shifting ground of payments: are banks and SMEs aligned?
It’s safe to assume that in time, every business and consumer will expect immediate settlement as a norm.
Webinar: Lending digitalisation & AI: Beyond the hype – what’s concrete?
Real customers’ use cases demonstrating the benefits of AI throughout the entire credit lifecycle.
Webinar: What does the future hold for “traditional” banking models?
How banks can thrive amid uncertainty and increased competition.
Mode CCO: Alipay success can be replicated in the UK
With an IPO looming, Mode has got a busy year of business ahead of it.
Tech Nation’s third fintech cohort challenges London bubble
“What was striking is the increase of such businesses set up outside London and by women.”
Goldman Sachs launches transaction banking service with Volante
The new cloud-based system is an “industry first” according to the pair.
UK fintech trio found Cape to tap Australia’s SME credit card market
Australians’ credit card debts fell to a 15-year low in July.
Knowing how the story ends
“Where do I begin?” If you have ever asked me, you know my answer is always the same: in the middle.
Live Oak Bank deploys Finxact core for deposits and loans
The US lender picked Finxact in 2018 to revamp its core systems.
Illimity and Banca Sella buy into each other for open banking venture
A flurry of share issuance, exchanges and buyouts as illimity nabs half of fintech firm Hype.
UK challenger Kale99 launches to provide digital banking with a CX twist
New fintech aims to copy the rapid growth of its vegetational namesake.
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.
