Flywire secures unicorn status with $120 million Series E funding round
Goldman Sachs led the latest round.
Mobile
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
Varo Money enters final stage of becoming nationwide bank
Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Korean banks have growing concerns over Starbucks prepaid card
Starbucks said its prepaid cards had $1.56 billion in stored value at the end of 2019.
Appy days for Jibun Bank
Jibun Bank won several awards for its uniqueness.
Azimo nabs €20m funding from European Investment Bank
Money transfer firm will use funding to boost European expansion.
On financial literacy: Fintech can be the key to future-proofing the UK economy
This stems from the lack of basic financial education or applied maths in schools.
GoSave to launch digital piggy banks in UK before Christmas
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
The personal touch
Anna Loevskaya talks about corporate digital banking & the role of content in selling SaaS.
CIMB Bank Philippines deploys Jumio authentication tech
Its mobile app will integrate “AI-driven” Jumio identity verification technology for its KYC.
Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
US paytech BandPay set to help musicians get paid
Funds aren’t released until both musicians and producers deliver on a project.
Unleashing the untapped potential of Latin America with Cardpay
With offices situated in Mexico City, Sao Paolo and Bogota, Columbia.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Freetrade takes on Europe, starting with the Netherlands and Ireland
Germany and France are next on Freetrade’s list.
Monzo bank accused of “freezing accounts for no apparent reason”
A private Facebook group, “Monzo stole our money”, has grown to 1,080 members.
Vodafone leaves Facebook’s Libra to focus on M-Pesa
M-Pesa is the telco’s digital payment service.
Islamic banking app Niyah launches in UK
The challenger says the UK’s Muslim community has been “financially isolated”.
DBS launches QR-code based b2b payments
DBS’ QR-code based solution is powered by DBS Rapid and DBS Max.
Lydia raises €40m in Tencent-led Series B funding round
Tencent-backed funding to be used to avoid “costly mistakes”.
Azimo shake-up sees appointment of new CFO and COO
Remittance fintech looks internally for C-level replacements.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
BBVA inks deal with Nok Nok Labs for FIDO authentication
Spanish giant looks to improve mobile channels.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Payments industry underestimates Facebook Pay at its own peril
Tony Craddock, director general of the EPA tells FinTech Futures his views on the tech giant.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
Samsung and Syniverse develop wallet-agnostic payments platform
Your phone number is your easiest payment method, says Samsung and Syniverse.
How telco VEON is tapping mobile payments in South and Central Asia
The telco’s off-shoot financial services are fast becoming serious revenue streams.
Tencent brings third player UnionPay to China’s mobile payments arena
UnionPay’s QuickPass serves just 240m users, whilst 1.2bn use Tencent’s WeChat.
The Philippines set for first digital-only bank as Tonik gets green light
Tonik Financial will set up the island nation’s first online bank.
Tandem Bank to charge customers monthly membership fee
The bank will introduce a £5.99 monthly fee in March.
Atom bank’s former co-founder joins Queensland’s Daytek capital
Paul Hanks has joined DayTek Capital as a technology advisor.
Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
Receipt Bank raises $73m in Series C funding round
Bookkeeping fintech will use funds to boost international growth.
