Reserve Bank anticipates cardless retail landscape in Australia
Merchant fees on card payments in Australia came to AUS $4.3 billion last year.
Partnerships
South Korea to launch open banking system this month
5.51 million open banking accounts have now been registered.
What’s next for investment in tech?
Will fintech firms re-evaluate the costs & benefits of public and private ownership?
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Turkish banks and FIs sign majority stake in JCR Eurasia
Turkey seems to be establishing a national credit rating agency.
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
Russia’s Sberbank inks contract with driverless car tech firm
The Russian bank will challenge Yandex which currently has the monopoly.
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
Co-operative Bank launches personalised loan marketplace with Freedom Finance
Successful applicants “could receive funds the same day”.
N26 selects Eurobase Siena to manage its treasury operations
Siena will manage the treasury operations of N26’s 3.5 million customers.
Tandem Bank signs up TrueLayer for account aggregation
The UK challenger’s 800,000 customers will gain access to their other accounts in-app.
Clearhaus and Newgen Payments sign payments partnership
Two firms will create white label solutions for PSPs.
MoneyLive 2019: Here Mobility to help banks react to Uber and Grab’s financial play
The firm is offering a white label mobility solution to banks.
MoneyLive 2019: Banks have to be humble even if they’re everywhere, says ING exec
Banks tend to over-promise to customers through their adverts, says ING CIO
Epiphany CEO: We’re the only “truly open” banking platform in the industry
The CEO says other banking technology providers are “not really open”.
Nationwide opens API sandbox for mortgage processing
The UK institution has been in contact with a number of third parties.
Thought Machine becomes Google Cloud partner
Google Cloud is already popular among Thought Machine’s clients.
How paytech helps the gaming world tap the under-banked populations
Paysafecard and G2 Esports reveal how paytech taps underbanked gamers.
Nium powers cross-border payments for Cambodia’s PhillipBank
Cambodian institutions are increasingly engaging with their global counterparts.
Caixabank inks deal with Salesforce to bring CRM to digital banking
The companies signed the agreement at Salesforce’s Dreamforce event.
Money20/20 USA: How Tangerine champions personalised digital banking with Meniga’s tech
From proof-of-concept to market launch, results, and lessons learnt.
UK firms Oval and Seedrs build ‘first’ in-app fintech investment opportunity
Oval is conducting a £1 million crowdfunding round to test the app offering.
ABN Amro live with Temenos payments tech in Hong Kong
Singapore and China are next on ABN Amro’s Temenos Payments roll-out list.
OP Financial chooses Nordic API Gateway for open banking
OP Financial is looking for partners focusing on CX, reliability and security.
BRICS nations aiming for common payment system
Russian official says the association is looking to reduce reliance on USD.
SoftBank confirms Yahoo Japan and Line Corp merger to create tech giant
The merger is in a bid to better position the companies against competitors.
Business payments platform Bill.com set to raise $100m in IPO
Underwriters listed include Goldman Sachs, BofA Securities and William Blair.
JP Morgan and Baton Systems develop real-time clearing system
New platform to address challenge of tying excess funds across clearing workflows.
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Cardlay raises €9m in Series B funding and signs deal with Eurocard
Danish start-up aims for expansion in Scandinavia and beyond.
CSConnect UK 2019: HSBC head stresses importance of tackling gender diversity
HSBC exec: “how do we get people not like us in?”
Challenger banks in Hong Kong
A free guide to help our readers navigate Hong Kong’s challenger banking space.
PFS sells up to Australia’s EML Payments for $290 million
EML aims to become “one of the largest fintech enablers in open banking”.
Hungary’s National Bank fintech strategy combats digitisation lag
The national bank has drawn up its own fintech guidelines “to speed things up”.
Visa invests in ultrasonic payments firm Lisnr
Lisnr plans to take on NFC and QR-based payments.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
DBS Bank unveils trade finance blockchain project
The new scheme is supported by a handful of collaborators.
Avaloq lays groundwork for 2020 sale
Swiss firm’s divestment from Warburh Pincus is picking up steam.
