UK’s open banking tech hits one million customer milestone
The number doubled in the last six months.
Digital
Brazil’s Ebanx launches beta digital wallet Ebanx Go
The fintech is testing the digital wallet with 10,000 customers.
Japan’s MUFG switches CEO after first year, digital chief takes control
The unusual decision points to the bank’s newly-placed importance on fintech.
Siemen’s Mendix builds Rabobank’s new banking portal RaboDirect
The new portal will process front and back-office transactions.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
Capital markets fintech iStox raises $5m in South Korea
iStox claims to offer one-stop issuance, custody and trading of digitised securities.
‘Crypto Dad’ promotes blockchain-based USD with Accenture in new think tank
Giancarlo wants to “catalyze a digital, tokenised US currency”.
PeoplesBank opts for Nymbus onboarding and marketing tech
Nymbus to underpin West Massachusetts’ largest community bank.
Fintech Autenti lands $4.48m from three major Polish banks
Alior Bank, BNP Paribas and PKO Bank Polski have all invested.
Revolut valued at $5bn by investors ahead of new fundraising
The valuation is nearly three times its last estimated valuation of $1.7 billion.
The problem with better banking
Surely banking customers want and deserve better banking?
When it comes to supporting the underbanked, the best solution might be a little old school
Community banks and the underbanked need one another.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
Tradeshift raises $240m in bid to become profitable
CEO Christian Lanng confirmed Tradeshift is not planning a 2020 IPO.
Raisin acquires Choice FS as first step into US deposits market
Raisin’s CEO Paul Knodel calls Choice FS “a perfect fit” for its US mission.
Union Bank picks FIS to underpin digital transformation
MUFG-owned bank the first user of new FIS platform.
For love or money
The technology liberates us in the most terrifying way.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Banco Sabadell kicks off $1bn hybrid cloud transformation with IBM
Spanish giant signs cloud services extension with Big Blue.
Payments industry underestimates Facebook Pay at its own peril
Tony Craddock, director general of the EPA tells FinTech Futures his views on the tech giant.
EXCLUSIVE: Meezan Bank undergoes digital revamp with Oracle
One of Pakistan’s largest Islamic banks to implement Oracle’s Banking Digital Experience.
GAM partners with SimCorp to consolidate its operating platform
SimCorp Dimension will serve as GAM’s core front office platform and IBOR.
Swedish mobile loan app Bynk rebrands to neobank Rocker
The fintech is launching in wider Europe and plans for listing.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
How UK start-up The Money Platform is transforming credit for millennials
EXCLUSIVE: The lendtech is rolling out its open banking offering.
Challenger Longevity Bank positions itself for the silver generation
EXCLUSIVE: Co-founder Sergey Balasanyan tells FinTech Futures of his 2020 plans with the neobank.
Salaam African Bank in tech overhaul with Oracle
EXCLUSIVE: The deal includes Flexcube core, digital banking, payments and trade finance solutions.
Thai blockchain start-up Lightnet gains $31.2m in Series A funding
Lightnet plans to dislodge cross-border giants like Swift.
Exploring the ecommerce World of Asia with Cardpay
FinTech Futures sits down with Robert Ang, Cardpay’s general manager Asia.
Why start-up boards are here to stay
Start-up boards are often overlooked and underappreciated.
PayU nabs controlling stake in PaySense, plans merger with LazyPay
PayU splashes $185 million on new acquisition.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
BNY Mellon Markets appoints Paresh Shah as global COO for FX
He joins BNY from HSBC, where he held the role of COO Americas for FX.
Pepper CEO: Banks should provide tools for users’ financial empowerment
Michal Kissos Hertzog speaks to FinTech Futures.
How telco VEON is tapping mobile payments in South and Central Asia
The telco’s off-shoot financial services are fast becoming serious revenue streams.
Three ways fintech can address the gender pay gap
Define inclusion and diversity as two very different things.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
Tencent brings third player UnionPay to China’s mobile payments arena
UnionPay’s QuickPass serves just 240m users, whilst 1.2bn use Tencent’s WeChat.
New challenges due to Open Banking and the benefits of instant payments
APIs are no longer seen as a difficult technical matter, but as a crucial building block.
