FinHealth Spend Report uncovers market opportunities and need for innovation
In 2020 Americans spent more than $300bn in interest and fees across common financial services.
Financial Services/Finserv
Nuapay becomes Australia’s first open banking payments platform
Nuapay’s joint value proposition caters to both consumers and merchants.
Au Jibun Bank investment app: changing hearts and minds
Au Jibun Bank aims to become the lifelong partner for every customer.
Omnio picks Autorek platform to automate reconciliation
Omnio’s previous manual processes relied on Microsoft Excel, but will now be automated by Autorek.
Bank of Ireland COO: “Inside every bank there’s a tech company”
“We’ve reached a tipping point,” says COO.
Singapore pledges $32m to help regtechs take POCs to market
Welcome to “the Valley of the Valuable POCs”, says MAS chief fintech officer
Virgin Money picks Trade Ledger for business banking boost
UK bank lays groundwork for new business products in 2021.
Deutsche Börse and Commerzbank team up to support DLT firm 360X
German giants support illiquid assets investment platform.
UK neobank hopeful Kroo partners with Bugni Labs for credit engine
Kroo underwent a brand revamp from B-Social last year.
Fintech funding deals globally 26 April – 2 May 2021
Featuring Brex, Paxos, Vena, Greenlight, and Current.
Stop running out of cash
With the right approach and clever outsourcing, cash management becomes a success for FIs.
Video: Top fintech stories this week – 30 April 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
French watchdog says banks risk “marginalisation” by Big Tech payment apps
The paper focuses on Big Tech-associated threats to competition.
UK eco-banking challenger Tred lands £1m in Crowdcube raise
Tred partners with Forest Carbon to deliver on its tree planting promise.
São Paulo fintech brokerage Warren lands $55m led by Singapore’s GIC fund
The fintech intends to use the fresh capital to hire more employees.
AZA Finance acquires Exchange4Free to become largest non-bank FX firm in Africa
Trading firm says it can double its transaction volume to $2.5 billion by 2021.
Sendit.Money chooses Lerex Technology for prepaid payments tech
Mobile wallet provider picks UK prepaid firm in preparation for launch.
Meet Jake: Gen Z crypto enthusiast
Gen Z is already forming an opinion about banks that is not favourable. Have the banks lost the battle for Gen Z?
Greek fintech Viva Wallet lands $80m from Tencent, EBRD
Viva is in the midst of launching a credit service for merchant customers.
Hampshire Trust Bank picks DPR platform to outfit origination
HTB is replacing a long-standing legacy system with the cloud-based DPR solution.
Virgin Money Australia claims to “break new ground” with loyalty scheme
There is clear disruption already happening in the rewards space.
Thought Machine plugs into Wise’s money transfer API
Thought Machine is plugging into via its own ‘Vault’ platform.
State Street hires Aman Thind as new global chief architect
Aman Thind will drive the US bank’s technology transformation.
Nymbus lands $20m from Vystar Credit Union for new CUSO
Core banking vendor’s new project wastes no time in landing funding.
Video: fintech news pick of the week – HSBC, 11Onze, UK fintech funding & more
A top pick of stories from the world of finance and tech in video format, weekly.
The power of the tribe
In a global village filled with noise and people trying to get a free ride, the tribe is strong, vibrant, unaffected.
Spoil the magic: machine learning in fintech
Nothing in your business should be magic, it’s just nice if it looks like magic to outsiders. We’re talking about machines here.
Dear Luc: I want to offer Apple Pay, how easy is mobile wallet integration?
This week Luc tackles Apple Pay integration for fintechs looking to level up their payments.
Greenlight, Step and Current land “kids banking” industry collective $580m
Greenlight, Current, and Step all began with basic card-based offerings.
Blockchain compliance firm Securrency raises $30m in Series B round
The new injection will help Securrency’s expansion in the UAE and the US.
National Commercial Bank migrates payments processing to TranzAxis
Vietnamese bank switches card operations to the Compass Plus system from legacy in-house tech.
Caixa Econômica Federal signs 20-year payments deal with Fiserv
New merchants acquiring deal covers transactions online and in-person.
Blackstone to acquire additional stake worth $2.8bn in IT firm Mphasis
Blackstone intends to build Mphasis into a $10 billion-valued company.
The edge: the bridge between banks and their customers
Banking is predicted to see the biggest impact of edge computing.
Brex closes $424m Tiger Global-led round at $7.4bn valuation
“We have all types of businesses now signing up for Brex,” says co-CEO.
New fintech Wisely Money aims to connect lenders and borrowers
New start-up offers an “all-in-one” app for short term lending.
BNPL firm Affirm acquires Returnly in $300m deal
More than eight million shoppers have used the online return service.
Nedbank and Mastercard launch WhatsApp payments with Money Message
South African bank aims to provide easy payments to small businesses.
Clearing start-up Embedded Financial attracts $20m in seed funding
The new firm aims to take a modern approach to clearing.
Mizrahi-Tehafot Bank picks up Finastra payments solution
Israel-based bank extends partnership with Finastra.
