Indian digital payment firm BharatPe raises $50m
The company is now valued at $225 million.
Innovation
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
Members-only rewards club CRED raises $120m
The club offers benefits for those with high credit scores.
CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
Telia and OP Financial test facial recognition payment
The pair installed Finnish firm Pivo’s technology in an ice cream truck.
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Is your fintech brand an awkward teenager?
From unpredictable growth spurts and occasional breakouts, to sleeping in.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
booyah! bank blasts off in US
It’s backed by FDIC member, Surety Bank.
Money Dashboard raises record £4.6m crowdfund
The Scottish fintech hit its initial £1.5 million target in 45 minutes.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
David Chaum announces quantum-resistant digital currency
Praxxis emerged from a stealth project in the Cayman Islands.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
Fintech start-ups showcased at Y Combinator Demo Day
Concepts ranged from crypto fraud tracing to student finance.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
Video: fintech news weekly round-up – 16 August 2019
Some of this week’s news, in video format!
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Secured cards: public relations ploy or financial health builder?
They can be a critical tool for financially vulnerable people.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
Australia visits UK to talk future of fintech
Talks centered around the opportunities of open banking in Australia.
Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
Calypso and 2021.AI team up to leverage AI in finance
The partnership will optimise Calypso’s back-office processes.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
Declaring time of death and other ways of surviving doing business with big banks
Don’t be afraid to declare time of death when it is true: it is not an admission of defeat.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Biz2Credit commits $10m to fintech training initiative
Biz2Credit will fund training of 100 of its employees.
Jack Henry core banking solution attracts 57 new users in 2019
A record year for the technology provider.
Blade raises $4.3m from Coinbase
The crypto derivatives exchange is launching in three weeks.
