Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Financial Services/Finserv
DBS and Infor partner to offer SMEs digital trade financing
The partnership is one of a line of joint projects between Infor and DBS.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
Home-backed loan provider Selina Finance lands £42m
Some £12 million of its Series A counts for equity, whilst the rest is debt.
Morgan Stanley blocks remote network access for China interns
Its decision to deny remote access to its China-based interns makes it an outlier among its US peers.
Orange Bank Africa goes live with Temenos and NSIA in Côte d’Ivoire
The bank is set to expand to Burkina Faso, Mali and Senegal.
New UK fintech Flex founded by former Pockit employee
Flex promises money management and savings tips for users.
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
Investment service Scalable Capital lands $58m in Series D
The start-up says it has more than $2 billion under management on its platform.
ApoBank contracts auditors over ongoing IT transformation issues
Customers of the German bank have had issues connecting to their accounts since June
Quantexa raises $64.7m in Series C funding
The anti-fraud AI firm has raised $90m to date.
Webinar: Empowering your SME customers for the new digital normal with APIs and microservices
Real-life examples from Tide and THIS of how APIs and microservices have fuelled business transformation.
BNP Paribas joins IBM Cloud as European anchor client
French banking giant to become leading user of IBM’s cloud tech.
Deposit grower Mantl raises $19m in extended Series A
The fresh capital adds to an extended $11 million Series A raise.
A look inside Barclays’ fintech accelerator Rise
FinTech Futures sits down with Magdalena Kron, who leads Rise London’s team.
Former Wirecard CEO Markus Braun arrested again
Jan Marsalek, the former COO, is wanted under an international arrest warrant.
Bueno bank aims to target Spanish holiday homeowners
Bueno promises a range of services to manage second homes.
Xinja Bank to launch US trading platform for Aussie investors
Dabble will also offer users fractional shares.
Swift names Nick Kerigan as new head of innovation execution
Kerigan was previously the managing director for Future Payments at Barclaycard.
Wells Fargo hires Ather Williams III from Bank of America
Major US bank says its new head of strategy will drive innovation.
Lloyds partners with Form3 to create group-wide payments platform
The UK bank is acquiring an undisclosed minority equity stake in Form3.
White paper: Crypto-of-things for securing identity
The latest in key security innovation and the possibilities for enterprises looking to go passwordless hassle-free.
Singapore API firm Percipient raises $5m
The fintech plans to boost the deployment of its TWINNTM system.
American Eagle Financial Credit Union picks Fiserv’s DNA
Connecticut-based credit union picks DNA for “scaleability”.
Plum lands $10m for European expansion
To date, Plum has raised $19.3 million.
Almost soup
Optimism might get you out of your chair and striving for a better tomorrow, but it isn’t optimism that gets you there.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
Singapore FinTech Association launches new innovation lab
The Nexia InnoLab will connect start-ups with local businesses.
BlackRock banking malware capable of targeting 337 apps
New malware strain emerges from old source code.
Third wave of COVID-19 forces Hong Kong banks to close branches
11 lenders will partially or completely shut down operations at some 58 branches.
Robinhood scraps UK expansion plans
The fintech landed its licence last August.
Charity donation fintech Goodworld launches in Australia
Its feature #donate allows donors to send instant donations via social media.
Accuity partners with Encompass to automate client KYC
Encompass technology implemented into Accuity’s Bankers Almanac solution.
Finastra and Microsoft extend cloud deal
The new deal is hailed as a “step change” in the pair’s relationship.
UK challenger The Reserve postpones launch due to COVID-19
The Reserve is built green “from inception”.
Virgin Money launches beta of new home buying app
The app is part of Virgin Money’s wider digital transformation strategy.
A search for calmer waters
Businesses across all industry sectors will face three stages over the coming months.
Lloyds commits to increase Black staff in senior roles
It employs 40 Black members of staff across its more than 7,000 strong senior exec team.
UK government launches review to boost fintech sector
The review intends to establish priority areas for industry, policy makers, and regulators.
Money manager for freelancers Flow lands Dutch PSD2 licence
The idea for Flow originated on an alpaca farm in Drenthe.
