Software firm Sage acquires fintech start-up GoProposal
Acquisition will support accountancy practices through ongoing UK tax digitisation strategy.
Financial Services/Finserv
Regulate or ban: EU’s proposed AI credit scoring framework hears feedback
The EU has been receiving recommendations on its proposed Artificial Intelligence Act.
First Women’s Bank launches in US with focus on fixing gender lending gap
New lender is Chicago’s first chartered bank since 2009.
Canadian tech firm Coconut Software secures $22m Series B funding
The cash will go towards product development, hiring new staff and investing in marketing and sales.
US de novo commercial bank Genesis goes live in California
The new bank is focused on serving commercial clients in CA counties.
New US fintech Monai to gamify savings for Millennials and Gen Z
New fintech plans to use time spent mobile gaming to help users reduce debt.
If I had a penny…
If we’re going to talk about inclusion, don’t talk to me about current accounts. Talk to me about money.
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
Cross-border payments fintech TransferGo lands $50m Series C funding
The London-based fintech has ambitions to go public within the next five years.
OracleFS exec questions staying power of new cloud-focused competition
Conor Colleary says banks must ask if their partner can embrace new changes.
Ex-Singlife execs to launch new Japanese paytech Purasu Money
Purasu to launch under umbrella of new venture SJ Mobile Labs.
Surfboard Payments launches Surfpay to turn smartphones into payment terminals
Swedish payments company aims to help small businesses transact easier.
Cartoon: Model Behaviour
This new cartoon illustrates the need for evolution at neobanks.
White paper: Accelerating P&C insurance sales with digital customer service
The Property and Casualty (P&C) insurance industry is being dramatically transformed by digital technologies.
Case study: Meeting CU members where they are with virtual branches
How Unitus CU achieved a higher satisfaction rating for its “virtual branch” than any physical branch experience.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
New fintech Z-Walet plans Egyptian launch targeting Gen Z
Founded in 2020, the firm is still at the waiting list stage.
N26 pays €4.25m fine for money laundering failures
German digital bank hit with fine by country’s financial regulator.
Monzo withdraws US licence application after two years of negotiation
UK challenger bank to refocus its business after aborted US entry.
Robo-advisor Betterment achieves unicorn status with $160m capital injection
The funding was drawn from a Series F round and $100m credit facility.
UK sanctions enforcement: fintech in the spotlight
Fintechs cannot afford to neglect sanctions compliance and should ensure they understand their obligations.
What the Fintech? | S.2 Episode 19 | Can’t see the wood for the VCs
Level Ventures’ Ian Foley joins us for this latest episode of our What the Fintech? podcast.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
Sopra Banking Software acquires asset risk management provider Luminosity
Sopra says the acquisition will complement its software financing platform.
Raiffeisen Switzerland selects Backbase to power new digital interface
Swiss collective bank aiming to change the way it engages with users.
Have you made these five transformational tweaks to your self-service channel strategy?
A modern ATM fleet equipped with innovative new features and cash recycling technology is essential.
B2B BNPL: how data can drive more financial flexibility
BNPL is the norm when it comes to B2B transactions, but should corporates look to be more flexible?
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
ICYMI funding round-up: Yellow Card, QisstPay, Vyne, Tomorrow & more
Plenty of funding rounds in the double digits in this week’s ICYMI roundup.
HSBC hires Google veteran to lead commercial banking platforms
Aman Narain joins the banking giant after four years at Google and helping to launch Google Pay in Singapore.
ComplyAdvantage tapped by Hampshire Trust Bank for AML solution
RegTech’s AI-driven financial crime solutions will protect HTB at a time of rapid growth.
Apple Pay contactless exploit allows unauthorised payments from Visa cards
Researchers from UK universities found up to £1,000 can be siphoned from a user’s cards.
JP Morgan’s new UK bank Chase picks 10x for core banking operations
10x Future Technologies is a “foundational partner” for the new digital bank.
FNBM selects new core banking solution in Finastra’s Fusion Phoenix
Fusion Phoenix is key to the bank’s strategy to attract younger customers.
What’s the meta with banking?
With the concept of metaverses gaining traction this year, what opportunities are there for banks?
Open Banking Expo returns to Canada for third time this November
This two-day virtual event will bring together financial services and fintech innovators.
BNY Mellon invests in data firm Quantexa Technology
Two BNY execs join the Quantexa board as US bank joins Series D.
Spanish challenger Bankse plans raft of features to win over customers
New bank to provide trading, credit, crypto, wage payment and more.
Colendi raises $30m in Series A and plans UK expansion
Turkish micro-lending platform expands to new markets.
BIS finds CBDC-blockchain combo outclasses correspondent banking
Its new project, mBridge, experiments with new CBDC combinations.
