COVID-19: a call for digital transformation
This will not be a short-term event so businesses must prepare for the long haul.
Digital
Signicat acquires Connectis to tap Benelux region
CEO of Signicat says Connectis had been on the radar “for quite some time”.
Banking industry publishes EU payments plan post-coronavirus
The paper puts a heavy emphasis on instant payments.
Trustonic lands security deal with South Korea’s biggest bank
“KB Bank are taking a more open market approach,” says Trustonic.
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Dwolla appoints Brady Harris as new CEO
Harris says he is looking forward to working with “an incredible team.”
Wirecard, SAP and Futur/io launch ‘Innovation Now’ to assist merchants amid COVID-19
Merchants will be able to find “assistance packages” through the platform.
Acuant finalises IdentityMind acquisition
Acuant will build IdentityMind’s onboarding solutions into its existing platform.
Driving revenue through data privacy and compliance
Financial leaders can lay the foundation for turning data privacy into a revenue driver.
A banker goes a-banking, volume 6: the patience of the lambs
Better is possible. Better is needed. Better is now both a business decision and a moral imperative.
Ordo launches free P2P payments service in wake of COVID-19
Payments firm aims to help those doing tasks for people in isolation.
Icelandic challenger bank Indó prepares for launch
The prospective first digital bank in the country is seeking a licence.
Singapore’s robo-advisor Smartly shuts, cites “intense” competition
Vietnamese owner VinaCapital Group made the decision to wind business down.
Monzo’s CEO takes 100% pay cut for 12 months
Senior management and the board will also take a 25% pay cut.
Virtual bank Airstar launches pilot in Hong Kong
The digital bank will onboard roughly 2,000 customers.
VTB Bank registers new big data company with Rostelecom
The joint venture will be accessible via an API to “all interested market players”.
Ben Brabyn steps down as head of Level39
Amy French to take over from Brabyn, who leaves for pastures new.
Poland’s KIR issues e-signatures with Cryptomathic
The release will push along deals otherwise on hold due to social distancing measures.
The services trinity: three is the magic number
ATMs are not all equal. The positioning, usage, prioritisation-none of it is equal.
JP Morgan vs fintechs: Who really owns your data?
The bank gave fintech firms a choice: abide by data access rules or get out.
Digital app One selects Finxact core banking system
New digital player to deploy Finxact on the cloud.
Nymbus launches loan processing system for US banks to deliver COVID-19 relief
Nymbus says it has digitised the entire Paycheck Protection Programme (PPP) loan process.
Plaid and Microsoft partner to turn Excel into a fintech app
“One of the earliest forms of ‘fintech’ is a budgeting spreadsheet,” says Plaid.
CRIF to buy AI fintech Strands
The deal is expected to close in the “coming weeks”.
Digital asset bank Sygnum launches Swiss franc stablecoin
The stablecoin will be backed 1:1 by funds held with the Swiss National Bank.
Colorado National Bank rebrands to Transact Bank and goes live with Fiserv
CNB was bought by the owners of Latvian fintech Transact Pro in 2018.
Jumio helps US sectors battling coronavirus verify users for free
Organisations “involved in helping students, patients and vulnerable populations” can apply.
Data affinity and customer centricity: what luxury retailers can teach wealth managers
Useful learnings from the success of luxury retail.
Unicorn hopeful Lanistar lands $2.5m
Founder says it wants to become a £1 billion “banking alternative”.
ICICI Bank launches WhatsApp-based banking service
The Indian bank follows up on its API and digital development.
Sony Bank launches online account for Japan’s foreign residents
Japanese bank pushes digital-only account for branch-shy immigrants.
South Korea’s KB Kookmin Bank to launch cryptocurrency custody service
The bank filed a trademark application at the end of January.
Phyre secures $1.7m to develop its e-wallet in Bulgaria
The fintech works with two major telcos in Bulgaria.
Tink completes €15.5m acquisition of Eurobits
The move is part of Tink’s growth strategy for 2020 and beyond.
Stripe leads $20m Series A into ecommerce checkout service Fast
Jumping from a $2.5 million raise to a $20 million investment in a few months is fast.
Fintech powerhouse: Understanding the rise of Singapore
Singapore has emerged as a global magnet for fintech entrepreneurs.
How enterprise architecture can help the financial sector transform
The transformation of traditional banks is centred on customer experience, tech and data.
Video: Top fintech stories this week – 27 March 2020
FinTech Futures’ weekly news round-up.
Meri Williams steps down as CTO of Monzo
It is not clear who is taking up Williams CTO responsibilities.
Cash flow firm Plastiq raises $75m in Series D funding round
Plastiq has raised more than $140m in funding since its founding in 2012.
