This “new normal” looks pretty familiar to me
How about we choose a new normal, the one that fixes the fundamental ways of working, not just the tool we use.
Digital
Video: Remote onboarding – how banks are evolving and changing the game
Featuring Jumio’s Dean Nicolls, Fintrail’s Robert Evans, and banking consultant Neil O’Brien.
FCA and UK Treasury “acting swiftly” to regulate fast-growing BNPL firms
The FCA is anxious about the number of citizens who will find themselves in debt.
Goldman winds down Clarity Money to focus on Marcus Insights
Clarity Money is due to close on 5 March.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
Supply chain financing start-up CapBay raises $20m in Series A
CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.
Acquiring pricing models
A breakdown of the benefits and challenges presented by each merchant pricing model.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
ING rolls out integrated retail cashback service DealWise in Germany
The bank originally planned to launch the integration last year.
Oxbury Bank goes live on Naqoda core banking system
The two have worked together since Oxbury’s inception
Nigerian wealthtech Cowrywise raises $3m pre-Series A
The co-founders aim to democratise Nigerians’ access to savings and investment products.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
US fintechs Albert and Crux Informatics in funding rounds
Featuring Albert’s $100 million Series C funding round and Crux Informatics’ $36 million convertible note.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
Absa launches digital bank Spot Money in South Africa
The open banking platform integrates with various bank and payment services.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
The one big thing missing from modern digital banking
Rethinking the data layer is a key to genuine personalisation in fintech.
New funding for European fintechs Compeon and SESAMm
Germany-based Compeon lands €15 million and France-based SESAMm – €7.5 million.
86 400 becomes second challenger to exit Australia with $169m NAB merger
Upon its acquisition, NAB says 86 400 has some 85,000 customers.
Payroll fintech founded by Google alums raises $35m
Check says it already works with 100,000 small businesses in the US
Dozens signs banking deal with ClearBank
ClearBank to provide account numbers, sort codes, and Faster Payments access.
Nubank rakes in $400m to fuel expansion in Colombia and Mexico
Brazilian challenger reaches $1.8 billion in total funding raised.
N26 mulls acquisition despite net losses tripling in 2019
N26’s failed UK expansion cost it a total of €26.9 million.
What’s in store for financial services in 2021?
A look at what the rest of this year might have in store for the world of financial services and fintech.
Video: Top fintech stories this week – 29 January 2021
FinTech Futures’ weekly news round-up.
Has JP Morgan Chase learnt the lessons of Finn and Bó?
This isn’t its first challenger start-up foray.
Online brokers halt GameStop trades as SEC investigates
The SEC is “actively monitoring” the “ongoing market volatility”.
VTB deputy chairman discloses exasperation over Yandex, Sber and Tinkoff competition
In 2020, VTB launched a total of 1,280 software development teams.
2021 fintech predictions
Staring into the crystal ball for signs of what we could see over the course of the year from the industry.
Craft Bank picks Jack Henry’s SilverLake after 2020 launch
Atlanta-based de novo bank deploys SilverLake in the cloud.
Curve signs PassFort to automate KYB processes
The card consolidation firm picked PassFort in the wake of its Series C round.
Founder-focused start-up Remagine nabs €20m in seed investment
Berlin-based firm aims to help “impactful” businesses with a range of products.
Black-owned US challenger Greenwood Financial hits 500,000 sign-ups in 100 days
“We see that there is definitely an appetite for what we’re doing,” says co-founder, Ryan Glover.
JOFF Fintech Acquisition Spac files for $300m IPO
The Spac is eyeing up fintech, wealth management and gaming sectors.
Kenyan agri-insurtech Pula raises $6m Series A
The funding round was led by Pan-African early-stage venture capital firm, TLcom Capital.
Berlin fintech Raisin patents Savings-as-a-Service tech in US
The fintech calls it “an interactive graphical user interface (GUI)”.
UK’s Crown Agents Bank bags Finablr’s Bhairav Trivedi as next CEO
Crown Agents Bank is a small, profitable, UK-regulated bank.
Why the financial industry needs Redis Enterprise
Use cases in risk modelling, apps for banking and brokerage, and solutions for buy-side institutions.
N26 lands Zalando’s former financial chief as CFO
The former Zalando chief isn’t the only executive addition in recent months.
