Billon pilots digitised national currency with Raiffeisen Bank
If successful, the project could be deployed to RBI’s CEE countries.
Digital
India’s micro business financer Lendingkart raises $42.1m in Series D
The total raised includes the start-up’s D1 raise last August.
Unsolicited advice on unsolicited advice
Good advice is measured, informed & situation-specific. Our industry has thrived on producing generic postulations.
Dubai fintech Ziina lands $850,000 and launches P2P payment app
The start-up’s funding round was led by San Francisco-based Class 5 Global.
Money Dashboard appoints ex-PayPal CEO as new chair
Edinburgh-based fintech prepares for next growth phase.
New digital business models depend on agile and adaptive compliance processes
Flexibility, rhythm, and simplification are vital in helping institutions survive and thrive in this riskier world.
Streamlining remittance, empowering migrant workers & driving inclusion worldwide
The ability to send money home is critical, but not always easy for migrant workers.
Swiss fintech Lykke launches blockchain initiative with ‘Crypto Dad’
“We have to leverage the tech that’s there,” says Lykke’s CEO.
Myanmar’s Wave Money lands $75.3m from Ant Financial
Wave Money has tapped more than 21 million people in Myanmar.
E-book: Are you using the best approach to verify customer identities?
Safely onboard more customers, supercharge your operations team, address identity AML & KYC compliance.
Banks investigate sales push linked to corporate loans
Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews.
UK fintech Fly Now Pay Later lands £35m Series A
The start-up says it will use its investment to help “reboot” the travel industry.
Longevity Card lands investment from Deep Knowledge Ventures
The card will launch in the UK and Europe in early Q4 2020.
Emerging services and solutions amid the COVID-19 chaos
Financial services are expected to play a pivotal role in helping the global community emerge from this crisis.
COVID-19: Highlight of the week
We focus on one particular coronavirus news item affecting the fintech industry.
Indian neobank Walrus aims for teenage market
Newly launched bank wants to help teens learn about “bad world of money”.
WeChat to offer credit scoring to its 600m users
Th Big Tech will attribute “payments points” to determine a “trust” value.
Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos
Technology vendor also reveals 13 go-lives for Q4 2020.
HSBC launches e-wallet PayMe for teens in Hong Kong
The adult version already has 1.9 million customers across Hong Kong.
Digitalisation a must-have for lending in a post-COVID world
The coronavirus pandemic has affected and disrupted every aspect of financial services.
Open banking wave is coming, but are banking APIs ready for fintech?
Why is it hard to get into open banking as a new player?
Video: Top fintech stories this week – 15 May 2020
FinTech Futures’ weekly news round-up.
Green Dot bags Walmart exec as part of bigger strategic overhaul
The firm also appointed a new CEO in March.
Breaking down tech overhauls with CKV’s chief digital officer
Implementation of nCino’s cloud banking software took a year for the bank.
Ghana becomes first African country to introduce universal QR code
Both smart and ‘yam’ phones can pay through QR codes.
NICE Actimize and Infosys extend cybersecurity partnership
Technology firms tie up new collaboration.
Will COVID-19 drive mortgage transformation up a gear?
The market needs to step up its efforts to better engage borrowers on their mortgage options.
Marcus cuts easy-access saver rate again to 1.05%
On 19 March, the Bank of England cut its base rate to 0.1%.
Featurespace raises £30 million in venture funding
Anti-fraud company nabs new injection to support growth.
High school jocks living their best lives
Those who feel the place you are offering them into the future is not shiny enough, can and will be left behind.
Aussie fintech Verteva lands $21.4m to digitise home lending market
The start-up is headed up by two former Westpac execs.
Fidor Bank loses O2 mobile banking contract
The contract began back in 2016.
JP Morgan first major US bank to serve crypto exchanges as banking clients
Coinbase lost its previous banking support from Barclays in August 2019.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Absa rolls out PowerCARD across Africa with HPS
Absa started working with HPS last year.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
Addition Financial picks Backbase to provide customer personalisation
The Florida credit union shuns a “one-size-fits-all” approach.
Swedish financial regulator picks BearingPoint to boost data analysis
The Financial Supervisory Authority plans to digitise EBA, EIOPA, and ESMA reporting data.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Thai payments start-up Digio raises $4 million in Series B funding
The round featured Thailand’s interbank payments provider.
