Box: Insurance isn’t just about premium rates, it’s about the entire user experience process
Vaneet Grewal, Box’s financial services managing director, talks to FinTech Futures.
Digital
Revolut withholds $90,000 from investment manager with “no real response” for months
An investment manager’s battle to receive his $90,000.
UiPath files for IPO weeks after landing $35bn valuation
The fintech estimates a $60 billion addressable market for RPA.
UK gold wallet Glint goes crowdfunding with £6m “hard cap”
The start-up is raising to fuel its “growth phase”.
Jakarta wealthtech Pluang raises $20m in pre-Series B funding
Pluang wants to extend investment to poorer households in Indonesia.
Taking charge and reducing charges
A major feature of Open Banking is relatively underused – Payment Initiation Services.
Corporate banking’s biggest challenges in 2021, and how to solve them
Three key areas of focus are cash management, working capital, and trade finance.
Visa pilots US stablecoin with Crypto.com to settle transactions
Other incumbents have moved to support cryptocurrency too.
Commerzbank signs five-year Google Cloud deal to migrate banking apps
“Google will now offer the bank a deeper set of platform services”.
Pilot lands unicorn valuation from boosted Series C round
Pilot has landed a $1.2 billion valuation.
US crypto bank Avanti raises $37m in Series A funding
The new cash goes toward capital requirements.
Minna Technologies powers subscription services at Banco Sabadell and ING
Two European banks launch new digital products with the Swedish fintech.
Does the key to financial inclusion sit in a digital money savings pot?
Fintechs should be looking to develop products that promote healthy and sustainable financial habits.
Firms expect to fully automate reconciliation within five years – here’s how
Firms no longer have to struggle with the pain points brought about by manual processes or legacy technology.
Webinar: Preparing for open finance – the next step in the open banking journey
How to successfully position your firm in this new era of innovation.
Digital challenger Minna Bank to launch in Japan by May
Minna will offer both consumer-facing and white labelled products.
Stilt prepares to offer US immigrants banking products and a credit history
The firm recently accrued a $100m debt facility from SVB.
Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext
The blank-check firm has already sold 41.5 million shares at €10 each.
High frequency trading and the data centre
It’s a win-win for this high volume, high risk business.
Video: Top fintech stories this week – 26 March 2021
FinTech Futures’ weekly news round-up.
ICYMI funding round-up: Meniga, Recharge.com, Hala, Zaver & more
Plenty of deals this week to be summarised by FinTech Futures.
Major US banks invest $40m in Black-owned challenger Greenwood
Backers include JP Morgan Chase, Citi, and Bank of America.
Aussie fintech Airwallex lands $2.6bn valuation with $100m raise
Airwallex is currently expanding into Asia, the UK, and – most recently – the US.
Challenger Oyster Financial launches credit offering for Mexico’s SMEs
Instant credit will range from $500 to $1,500.
Santander announces 111 UK branch closures as consumers go digital
The bank says all 840 affected staff will be offered new roles.
Feedzai lands $200 million in Series D funding to reach unicorn status
Risk management firm lands its largest round so far.
COVID-19 & the future of data discovery, access and integration
Operating and innovating with data in a COVID-19 world is much more challenging.
Breaking my addiction
I used my phone for so many things. How would I survive without it?
Seedrs abandons £140m Crowdcube merger after CMA block
The CMA said the deal would “reduce competition and innovation”.
Xero makes second acquisition in a month with Tickstar
Tickstar already serves Xero customers across Australia, New Zealand, and Singapore.
Indian fintech lender KreditBee boosts record Series C with extra $70m
KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.
SoundCloud exec BianRosa joins N26 as new CPO
BianRosa will lead all product teams for the challenger globally.
Gerlionti pick Nets to underpin launch of GerliPay
Nets is providing card management and processing services for the new app.
Former HSBC exec Maguire joins UK regtech Napier
Maguire takes up a position as an advisory board member at the firm.
Jumio raises $150m in private equity investment
Firm lands “largest funding round” of the digital identity space.
Non-fungible tokens: how do you regulate a non-conventional marketplace?
The scope and applications are vast, and there’s real potential in online gaming.
HSBC challenges fintechs with launch of SME banking app Kinetic
“We’re taking the toolkit approach of the challengers,” HSBC lead tells FinTech Futures.
Danish challenger Kompasbank lands banking licence
The neobank aims to target the SME sector in Europe.
SEB signs Google Cloud partnership extension
SEB to deploy Google services across wider segments of the bank.
Research digitisation will be the next advantage in the financial markets
Banks are now turning to research digitisation to gain significant advantage and improve client service.
