Google Pay dips toe in cross-border market with Western Union, Wise
India, Singapore, and the US to be first countries trialled for remittances switch.
Digital
Bahrain’s central bank to pilot digital dollar with JP Morgan and Bank ABC
Bank ABC’s deputy group CEO calls this a “landmark pilot”.
N26 issued order by German regulator to improve AML measures
To oversee these changes, Bafin has appointed a “special commissioner”.
Facebook shifts crypto project Diem from Switzerland to the US
Diem says the partnership “is an important step in preparation for a Diem USD pilot”.
Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
For many CFOs, the time is now to embrace AI for cash forecasting
An opportunity to introduce new tiers of speed and agility and to enhance finance teams’ value to the organisation.
Dear Luc: Should I offer multi-currency accounts to cover post-pandemic travel?
As the world opens up, our writer asks if multi-currency accounts are a necessity, and how to offer them.
Six steps to slash digital banking go-to-market time
We use the FinTech Insights platform to investigate how banks can reduce their time-to-market.
eBay edges away from PayPal to offer cash advances with UK fintech YouLend
Ebay purchased PayPal back in 2002, before spinning it off in 2015.
Avon Mutual plans 2021 banking licence to serve West of England communities
The start-up bank appointed a new CEO earlier this year.
OpenWrks, Tully, Payplan and PayLink merge under private equity firm
All four firms span the debt advice, credit risk and collections industries.
US challenger for freelancers Lili lands $55m and passes 200,000 users
Lili wants to be a go-to app for freelancers in the US.
Swiss challenger CrescoFin gears up for digital banking with Veriff deal
CrescoFin aims to offer a “compelling alternative” to banks.
Meeting omnichannel expectations in the new retail landscape
The use of connected retail now holds more potential than ever.
And then we came to the end
Is the time upon us to really address organisational dysfunction?
What the Fintech? | S.2 Episode 10 | Too cool for school
Riten Gohil, partner and co-founder at Sphonic, joins us on this latest episode of the What the Fintech? podcast.
Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Banking Tech Awards 2021 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
NAB lands approval for 86 400 acquisition despite competition concerns
86 400 bagged its own banking licence back in 2019.
HSBC on track to hire 1,000 wealth managers in Asia before year end
In 2020, the bank’s Asian business reported $12.8 billion in profits.
Three US credit unions select Bankjoy for digital banking
The three firms have a total $760 million under management and 57,000 members.
US start-up EarlyBird re-thinks gifts for kids with investment platform
EarlyBird launched four months ago.
Creating connections: the future for banking
Ultimately, the seamless interaction of digital and physical services is the future of banking.
Commerzbank finalises 10,000 job cuts after agreement with employees
German lender moves forward with widescale restructure plan.
What are the opportunities in open finance?
Envestnet | Yodlee hosted a discussion with FinTech Futures to find out.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
Vista Bank Group selects Radar Payments to power pan-African processing
African challenger bank selects BPC company to underpin payments.
UK P2P lender The House Crowd’s collapse a result of governance failings
The House Crowd had struggled to raise capital.
Curve goes crowdfunding five months after $95m Series C
Curve plans to grow its workforce by around 60% this year.
Fintech funding deals globally 3-9 May 2021
Featuring Wealthsimple, CollectiveHealth, Bitso, Shift Technology, and Forge Global.
Fintech API firm Railz raises $12m in Series A funding round
Toronto-based start-up aims to solve “universal challenge for SMEs”.
UK fintech Fronted raises £1m with backing from Monzo co-founders
The start-up launched back in February.
Fiserv wins trio of Canadian credit union deals for DNA
Implementation partner Celero will complete the DNA installations.
New rules of the game in the AML field?
What is of great importance to meet the challenges of pandemic times is that AI can find anomalies.
The role of enterprise architects in digital transformation and optimisation
Enterprise architecture (EA) is a catalyst in a more pragmatic transformation approach.
Banking Technology May 2021 issue out now
Better together: building resilience against cyberattacks.
Video: Top fintech stories this week – 7 May 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
ICYMI funding round-up: Okra, Yatta, Graviti & more
We round up another selection of deals you may have missed.
Uzbekistan’s Trustbank plans Islamic banking first with ICSFS
The bank claims to be the first in Uzbekistan to offer new Islamic services.
Kuwait International Bank announces Mobiquity as digital transformation partner
Mobiquity will provide strategy, design and engineering services for digital banking.
