Tencent suffers $65bn market value blow, analysts put fintech business at “zero”
Tencent, like Ant, holds a financial foothold in China which rivals banks.
Financial Services/Finserv
Stripe reaches $95bn valuation on back of fresh $600m injection
This year, Stripe will continue to pursue enterprise clients.
KKO picks Pannovate to underpin digital bank launch in Mexico
KKO plan a new bank for young professionals.
Katherine Dziaman joins Sandstone Technology as new CFOO
She replaces Pow-Chuan Lee, who leaves the firm after two and half years.
Russian Big Tech Yandex launches payment service
The local internet giant plans to rival Apple Pay, Samsung Pay, and Google Pay.
Will there be a post-Brexit financial services and fintech boom?
The burgeoning UK fintech sector could soon thrive as never before.
Banking Tech Awards 2020 Winner: Alexandra Boyle – Rising FinTech Star
Alexandra Boyle is OpenFin’s director, head of strategic client group in Europe.
Video: Top fintech stories this week – 12 March 2021
FinTech Futures’ weekly news round-up.
Banking Technology March 2021 issue out now
Creating communities: celebrating women in fintech this Women’s History Month
Goldman-backed Flywire files paperwork for IPO which could reach $3bn
Flywire has listed itself as profitable since its Series B funding round in 2013.
NatWest shutters three-year-old fintech lender Esme Loans
Esme Loans enjoyed a London Tube advertising campaign for a time.
ICYMI funding round-up: Exabel, ClearGlass, Cheese, Flowcast & more
Plenty of funding rounds may have slipped you by this week.
Atom Bank to close funding round at half its 2019 valuation
One of Atom’s largest shareholders isn’t able to participate in the sale.
Women in fintech: Clipped wings, part-time stigma & ignorant assumptions
Women highlight gender bias in the financial services workplace.
South African fintech Adumo lands $15m from World Bank member
Adumo helps businesses move from cash transactions to digital payments.
HSBC goes live with Demica system for trade receivables
Selection to deployment took the two firms just over a year.
Chip hires former 10x head of product Tom Evans as new CTO
Evans joins as the saving app gears up for new product launches.
M1 Finance completes $75m Series D funding round
Chicagoan “super app” gains new funding just months after last round.
Digital payments: why they are here to stay
It is not just individuals who are adapting to the shift.
Banking Tech Awards 2020 Winner: Yolt – Best Mobile Initiative
Yolt’s new mobile app: nudge techniques, open banking and smarter personal finance.
PayTech Awards 2021 now open for entries!
Open to financial and payment institutions worldwide, technology and service providers, individuals and teams.
Insurtech Zego lands $150m Series C to join unicorn club
“It is clear that the way people use vehicles is undoubtedly changing”.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
Idman Community Bank opts for BML Istisharat’s ICBS core banking system
The bank was looking for “a proven banking solution to be implemented by a reliable vendor”.
MFS Africa invests in London with all-new executive team
“London has taken up the mantle of fintech advocate and champion.”
Sontiq acquires Breach Clarity to deploy analysis tech
BreachIQ to be integrated with Sontiq’s existing product suite.
What are the odds…
Are the successful fintech entrepreneurs singing to themselves, “the odds are that we will probably be alright”?
Amazon expands pay-with-hand tech, pushes on with digital currency
Amazon hopes to contract out the pay-with-hand technology to third parties.
Nigerian fintech Flutterwave lands unicorn status with $170m Series C
It is one of the few African start-ups to have secured more than $200 million in funding.
MoneyGram and Ripple end partnership deal two years early
The two firms wind down their deal amid regulatory issues.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
Suez Canal Bank extends Temenos partnership with Infinity deal
The bank is an existing user of Temenos’ core banking platform.
Chase Pay merchant integration officially winds down this month
The Chase Pay button was used by retailers such as Walmart.
Santander picks Planixs tech to power liquidity management
Spanish multinational to deploy Planixs’ Realti system.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
Payfazz invests $30m in Xfers to form Fazz Financial Group
FFG aims to develop solutions for the underbanked in Southeast Asia.
KYC: a revolution towards positive change
I realise I had to work twice as hard to break through some of the glass barriers, perceptions and biases.
Flagstar Bank suffers data breach as employee data posted online
A zero-day vulnerability left Flagstar’s data exposed to cybercriminals.
UK’s CMA launches consultation into OBIE successor
The CMA asks firms to send in suggestions before 29 March.
