TransferGo picks Thought Machine for core operations
Money transfer firm switches things up in the back office.
Digital
BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake
Southwestern US bank picked SilverLake after feedback from its peers.
More than 90% of UK’s financial firms still rely on legacy tech, says FCA
Some 33% admit “most” of their technology is legacy.
Nordic API Gateway lands nine new bank partners in Bankdata deal
The deal prequels Nordic API Gateway’s European expansion plans for 2021.
Not noise
Before obsessively pressing the send button: pause, rewind.
Banking Technology February 2021 issue out now
The roaring 20s.
Singapore’s central bank reviews BNPL regulation over debt fears
The MAS wants to ensure regulations are “risk-proportionate”.
United Fintech announces acquisition of German regtech TTMzero
UK scale-up has taken 25% stake with a view to nabbing 80% soon.
BBVA sells Holvi business lender, invests $150m in VC fund
Spanish banking giant ditches Finnish business bank, sells back to founder
Challenger Climate First Bank to launch in Florida’s Tampa Bay Area in Spring
The start-up wants to become a full-service community bank.
NCR acquires digital onboarding start-up Terafina
Terafina marks NCR’s third acquisition this year.
Tech CU picks Backbase to revamp digital processes
Silicon Valley-based institution looks to the future with digital vendor.
Webinar: How to stop massive mobile banking fraud with app security and risk-based authentication
Approaches to eliminate the impact of fraud threats and strategies to protect mobile device users.
Monzo confirms £50m raise with help of new US backer
Monzo is on the cusp of five million customers.
Tandem Bank acquires £100m mortgage book from Bank and Clients
Private bank’s customers won’t notice the transition, claims challenger.
UK-Nigeria mobile wallet Sendit.Money goes crowdfunding
It has already exceeded its £100,000 target, having raised £146,006 at time of writing.
Philippines neobank Tonik signs credit assessment deal with FinScore
The challenger wants to extend loan applications to more underbanked Filipinos.
EXCLUSIVE: Wirex users hit by unexplained account restrictions and “disappearing” funds
A growing number of customers are fleeing Wirex.
Bill.com edges closer to profitability, shares up 30%
Between last October and December, revenue was up 38%, to $54 million.
Social impact app Tickr raises £2.5m
Tickr focuses on climate change, social impact and disruptive tech.
Fintech funding deals globally 1-7 February 2021
Featuring Stash, Built, LeaseLock, Valon Mortgage, and Metromile.
Ant plans for IPO as it reaches restructure deal with regulators
Ant has until November 2021 to register a new financial holding.
Hapi rolls out UK savings and investments app for parents
The start-up is backed by Entrepreneur First.
US investor Stash lands $125m Series G ten months after last round
Stash’s last valuation sits at around $812 million.
Texan digital challenger Fair set to launch in Spring
This month, the start-up opened its waiting list.
Cross-border payments fintech Payoneer to IPO with $3.3bn Spac merger
Payoneer is reportedly profitable and expects to pull in $432 million in revenues this year.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
What the Fintech? | S.2 Episode 3 | Israel’s mobile lending tech scene
Featuring Shlomi Turgeman, founder and CEO of BTB Israel.
Cashplus lands full banking licence after 15 years as an EMI
The ability to lend on its deposits pits Cashplus directly against Starling.
Sync. signs deal with Railsbank to power premium accounts
The smart banking app is looking to expand following a 2020 launch.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
PayKey integrates investment and loan services on mobile keyboards
Clients include Standard Chartered, UniCredit, HSBC and ING.
A look inside MENA investor Global Ventures’ fintech portfolio
Global Ventures’ portfolio covers payment acceptance, digital wallets, credit and trading.
Reinvention: the lessons banks can learn from Bowie and Madonna
Madonna or Bowie consistently reinvented themselves to adapt to change and stay relevant.
HMRC awards Ecospend “largest” open banking contract valued at £3m
“Today marks a big step forward for adoption,” says OBIE.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
