Contactless charity donations start-up GoodBox raises £1m
The funding is part of a combined Series A £2.3 million.
Partnerships
Ebury completes first acquisition with Frontierpay purchase
Ebury will use deal to expand and boost payments capabilities.
CYBG kicks off long-awaited Virgin Money rebrand
CYBG to assimilate all products and services under one name by December 2020.
Mastercard trials Payment on Delivery with PNC Bank
New solutions aims to eliminate problems around cash and cheque usage.
BNP Paribas purchases stake in Allfunds to bolster wealthtech solutions
Bank aims to create market-leading software using Allfunds expertise.
PayPal subsidiary Venmo launches first credit card with Synchrony Bank
Venmo will now be able to compete with N26 and Chime in the US market
Lemon Way nabs €25 million investment from Toscafund
Parisian payments firm plans geographic expansion with new funds.
Video: Top fintech stories this week – 18 October 2019
FinTech Future’s weekly news round-up.
Yorkshire Building Society opts for OutSystems
Installation of a new integrated development environment underway.
Temenos wins new deal in Finland with Municipality Finance
Finnish credit firm opts for Temenos T24 Transact.
Finovate Podcast: Epsiodes 1-10
Catch up on the latest Finovate Podacast espisodes.
FCA will ‘take appropriate action’ against product greenwashing which misleads customers
The regulator will work on “common standards and product disclosures”.
Link extends Vocalink infrastructure contract to 2031
Vocalink emerges winner of competitive bid process.
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
Old Mutual plans to move 1,000 applications to AWS cloud
South African financial group makes strategic cloud decision
Hong Kong Exchanges and Clearing inks deal with Transaction Network Services
The agreement will see low-latency connectivity being offered to HKEX trading partners.
Uwharrie Bank chooses Fiserv’s DNA core platform
The bank has also added card services.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
Nine UK fintechs land in Australia under the countries’ bridge programme
The companies will be showcased at Melbourne’s Intersekt conference.
Libra’s woes continue as Booking Holdings departs
The association has now lost 25% of its membership.
OTP Bank welcomes “later-stage” start-ups to its partnership programme
Applications need to be made by 22 November 2019.
Intesa Sanpaolo invests €7m into vending machine digital wallet MatiPay
The fintech will expand its operations in Europe, Japan and the US.
Revolut hires JP Morgan to manage $500m funding round and issue a $1b loan
The loan will turn into shares if Revolut receive a US banking licence.
Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra
Facebook’s hopes of a global cryptocurrency are hanging in the balance.
UK’s Royal Mint unveils first 18-carat gold payment card
The card enables limitless spending and zero foreign exchange fees.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
The lion, the Lamborghini; banks and fintechs
We often hear of the digital divide, but how often do we consider the marketing divide?
Video: Top fintech stories this week – 11 October 2019
FinTech Future’s weekly news round-up.
Branch launches free checking account and debit card for hourly workers
The fintech wants to increase financial stability in the US.
Metro Bank brings fintech to UK SMEs with £120m funding
The bank wants to inject “much needed competition” into the SME space.
Pakistan’s JS Bank first in country to launch ‘chat banking’ on WhatsApp
The service is free to use with no registration process.
Pendleton Community Bank signs Teslar Software for automation
West Virginian bank needed new tech following merger.
Temenos signs core banking deal with Maltese challenger Laskaris Finance
Laskaris will serve high-net-worth individuals and corporate clients.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
DPR and ClearBank complete partnership, savings meet APIs
DPR’s core banking technology will serve Clear Bank’s savings customers.
Vista Equity Partners mulls Finastra sale
Private equity firm could jettison 50% of tech firm
SME challenger bank Recognise partners with nCino
Recognise plans a 2020 launch for SME banking.
Ripple inks blockchain partnership with Finastra
Finastra brings blockchain to its payments solutions.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
Yolt gets closer to all-in-one banking app with Raisin
Yolt’s UK, France and Italy-based users can now open a Raisin account.
