FinTech Futures presents Dock – a virtual roundtable experience
Take part in Dock on 18-19 May to discuss the industry’s pertinent problems and find the solutions.
Financial Services/Finserv
Dutch unicorn Mollie expands to UK for post-Brexit opportunities
Molllie says it wants to help merchants with European growth post-Brexit.
FDIC appoints Neocova’s Sultan Meghji as first chief innovation officer
The US agency is aiming to boost innovation among banks and credit unions.
One size fits all
Whatever your reasons for tolerating bad behaviour, that defines you. More than anything else.
Banking Tech Awards 2020 Winners Supplement out now
Showcasing the most impactful and innovative projects, products, services and people in fintech in 2020.
Personetics raises $75m from Warburg Pincus
Data analytics and customer engagement firm plans expansion with new funding.
Neobank hopeful 11Onze to offer Catalans a non-Spanish alternative
The start-up intends to be a true representation of the country’s 7.6m population.
Aussie challenger Cape bags ex-Funding Circle CRO Rahul Pakrashi
Pakrashi says his wants “to get back” to his roots at Cape.
Jeremy Balkin calls time on HSBC US innovation role
Balkin leaves his post after six years with the bank.
Lombard Odier picks NetGuardians for AI-based risk tech
Swiss private bank wants “cutting edge” fraud prevention.
Three things banks must do to thrive in 2021
It is the banks who invest now and execute effectively, that will come out on top.
The US market: are EU-based challengers coming to rustle up some feathers?
A deep dive and step-by-step comparison of US banks’ and EU challengers’ capabilities.
US federal agencies probe Amex’s SME and consumer cards sales practices
Several US federal agencies are probing American Express, according to a regulatory filing.
UK challenger OakNorth faces £97m in defaults from ten borrowers
All but two are down to property development loans gone bad.
Robinhood backer Tiger Global leads $200m investment in rival Public.com
Public.com – as on 1 February – decided to stop making profits from payment for order flows.
MoneyLion set to go public via $2.9bn Spac deal
The fintech anticipates year-over-year growth of around 88%.
Introducing “it’s a matter of comms”
Welcome to #itsamatterofcomms! A new bi-weekly vlog!
Reimagining the financial system with tokenised barter
Modern blockchain powered barter systems will change the way we view accessing, growing, and owning wealth.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
US Faster Payments Council report shows state of US payments
It provides a true illustration and understanding of how funds move on the networks.
Monzo appoints Carol Kobuke Nelson as new US president and CEO
Nelson spent 23 years at Bank of America.
Is 2021 the year to inspire better banking?
Sanat Rao says the time is right to invest in back-end systems change.
US core banking vendor Nymbus lands $53m top-up led by existing backer
Nymbus is gearing up to launch “Nymbus Labs”.
Danish edtech Female Invest targets UK expansion with $1.6m fresh capital
“It makes a big difference when you see someone like you on a platform.”
Six Black-owned banks receive funding from Well Fargo’s $50m MDI pledge
The banks will have access to a dedicated Wells Fargo relationship team.
Video: Top fintech stories this week – 12 February 2021
FinTech Futures’ weekly news round-up.
BLOC Smart Africa fund secures capital from Ivory Coast & Luxembourg
The fund will invest in high-growth potential start-ups to scale up across the continent.
Nigeria’s Xend Finance increases size of funding round to $2m
It initially launched its platform publicly late last year after raising $1.5 million in funding.
Italian neobank illimity turns €16m loss into €31m profit in a year
The neobank’s best-performing arm, by a long way, was its NPL unit.
Raiffeisen Bank to buy Czech Republic’s consumer lender Equa bank
In 2020, Equa bank’s consolidated net profit fell by 55% to $8.5 million.
Goldman Sachs re-opens Marcus in UK with 0.5% rate
0.5% is the highest paying easy-access rate in the UK.
Huawei to acquire Xunlian Zhipay for its payments licence
The deal is yet to be officially announced.
ICYMI funding round-up: Trade Ledger, Mesh, Safepay, Globacap & more
We round up some of the funding rounds that may have slipped you by.
How brands are becoming the banks of tomorrow
To understand what the bank of tomorrow looks like, we must first understand how they developed.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
Equifax acquires AccountScore to boost open banking capabilities
Equifax wants higher rates of automation and verification.
Klarna’s valuation set to triple to $30bln, says report
A report says Klarna is currently working on a half a billion new share issue.
San Fran fintech Zeta lands $1.5m for couples banking
Currently, the start-up makes money on partial interchange fees.
TransferGo picks Thought Machine for core operations
Money transfer firm switches things up in the back office.
BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake
Southwestern US bank picked SilverLake after feedback from its peers.
