N26 loses chief product officer Georgina Smallwood
Smallwood departs N26 to join a Berlin scooter firm.
Financial Services/Finserv
Amazon in talks to invest in cloud services company Rackspace
The deal would involve Amazon acquiring a minority stake in Rackspace.
PayActiv raises $100m Series C funding round led by Eldridge
The round comes less than a year after it became a Public Benefit Corporation.
Making the most of business data and this summer’s mix-tape
Businesses that make the leap from operational to analytical are ones that understand the value of data.
Live webinar: The role of digital identity in a physically distanced world
Novel approaches to digital identity verification to securely onboard and engage with consumers – and at a distance.
EU warns City of longer wait for market access post-Brexit
The delay is because of the bloc’s own regulations which are also in flux.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
China expands digital currency experiment across major cities
More than 400 million people are able to trial the digital system.
MUFG Union Bank appoints Devon Bryan as new CISO
Bryan arrives at the bank from a CISO role at KPMG.
Bank of Lithuania calls for parity in EU digitalisation
Lithuanian central bank wants a more unified approach to innovation in the EU.
The social-savvy wave of entrepreneurs
They will push traditional banks to pivot their offerings once again.
What every employer needs to know about employees returning to the workplace
Advice on the measures employers should take when re-opening their workplace amid COVID-19.
Buyer’s guide to modern web-scale backup & recovery
Providing guidance and assistance for IT professionals looking to re-evaluate their current data protection practices.
GoCardless Australia readies for open banking and instant direct debits
The start-up launched In Australia and New Zealand towards the end of 2018.
Mastercard signs debit card deal with First Direct
First Direct becomes fourth UK bank to offer Mastercard debit cards.
John Legend-backed challenger Cred.ai runs beta in US
The fintech has built its own underwriting which it intends to outsource.
Linn-Co Federal Credit Union goes live on Episys core system
Credit union completes core switch despite COVID-19.
MUFG taps AxiomSL for reporting automation
AxiomSL’s Global Shareholding Disclosures will be deployed on the cloud.
Standard Chartered and Airtel Africa sign financial inclusion partnership
The two firms plan to boost services in “key” African markets.
Nationwide Building Society deploys Mortgage Brain’s Lendex
The system allows advisors to submit a mortgage application through the back office.
Singapore’s MAS pours $182m into second fintech fund
Around half of the committed SGD 250m rolled over from the first FSTI scheme.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Sombank picks Temenos Islamic banking systems
The new bank on the block plans to aid financial inclusion in Somalia.
Mortgage fintech Habito lands £35m Series C, becomes B Corp
The round attracted new investors Augmentum Fintech, SBI Group and mojo.capital.
UK challenger bank Chetwood quietly lands another £10m
“If it wasn’t for COVID-19, we’d be well on our way to turning a profit.”
Payments fintech Vitesse raises £6.6m in Series A funding
Vitesse brings total raised to £7.3 million with fresh injection.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
Federal Bank selects Fiserv FirstVision to support new credit card
The Indian bank needed a solution to power end-to-end issuance and processing.
Huntington Bancshares picks BillGo for faster payments
The Ohioan bank wants to increase the transparency of its services.
ABN Amro to slash size of investment bank after losses
A €703 million impairment charge is behind the bank’s losses.
White paper: Insider’s guide to secure & cost-effective storage solutions for financial services
Object storage consolidates massive data sets into a single, easily-managed and cost-effective environment.
KB Kookmin continues crypto custody development with new partners
The South Korean bank expects artwork and real estate to be traced via blockchain in future.
Oracle wins Flexcube deal in Germany
Paymentworld and Heartland Bank pick up Oracle’s flagship system.
N26 founders get injunction against employees’ works council
A German union is still trying to push on with the meetings.
UK pensions firm Options teams with US Halal fintech Wahed Invest
Options UK thinks there is a noticeable gap in the Islamic pension market.
India’s BaaS Nuclei brings train tickets to banking apps
Nuclei currently has 16 bank customers across India and the Middle East.
Hong Leong Bank launches mobile-based junior account
The app is designed for use by both parents and children.
Robinhood kicks off hiring spree in Texas and Arizona
Trading app says it plans to hire hundreds of new support staff.
Metro Bank goes live on Sensibill after successful pilot
The launch is part of a wider technology drive on the bank’s mobile app.
American Express looks to buy US fintech lender Kabbage
Kabbage was last valued at more than $1 billion.
