Video: Top fintech stories this week – 08 January 2021
FinTech Futures’ weekly news round-up.
Payments
Trump bans transactions through Chinese apps including Alipay
The applications have 45 days to prepare for the ban.
Webinar: Deep dive on ServiceNow’s purpose built product for finserv operations
How to improve customer and employee experiences. Featuring a demo of The Now Platform from ServiceNow.
Nets acquires Checkout Finland through Paytrail subsidiary
Nets happy to continue a wave of consolidation across European payments.
AvidXchange acquires TimberScan provider Core Associates
Firm now claims to be largest account payable firm in the construction sector.
Fintech funding deals globally 28 Dec 2020-3 Jan 2021
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
Calls for UK Treasury to up contactless limit from £45 to £100
The UK no longer needs to follow the EU’s €50, or £45, contactless limit.
Jamaican central bank plans electronic payments regulation revamp
Jamaicans sent $4 billion in electronic payments in 2019.
What the Fintech? Season one | Fintech Jail
Here’s a list of all the buzzwords in our What the Fintech podcast game, “Fintech Jail”.
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
QR Codes: will COVID-19 be the great global equaliser?
Across China QR codes are already ubiquitous, and the pandemic only accelerated user adoption.
Barbados to implement real-time banking
The government has been working with the credit union movement to move things along.
Denmark to join Eurosystem’s Target2 payment platform
T2 would then include the Danish krone by November 2025.
2020 review: Top 10 fintech and bank M&A deals
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
Cyberpunk 2077 makers face potential securities class action lawsuit
Cyberpunk 2077 – from lawsuits and refunds to big wins from hedge funds.
TransferWise preps for 2021 IPO
The firm has asked investment banks to pitch in the new year for roles on an impending IPO.
2020 review: Top five cyberattacks this year
Cybercriminals haven’t stopped their activities in 2020.
UK fintech GoCardless raises $95m funding
The Series F round was led by Bain Capital Ventures and brings the total raised to-date to $240m.
2020 – A shock to the system for the banking industry
Fintech Futures talks to James Buckley, vice president and Europe director for Infosys Finacle.
Paytech firm Ondot acquired by US banking tech giant Fiserv
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
Swift calls for collaboration to help build the future of global transactions
Swift’s ambitious new strategy to reinvent global financial transactions.
Worldline buys controlling stake in ANZ’s acquiring business
Worldline says Australia is an ideal stomping ground for international expansion.
MFS Africa opens up continent to PayPal’s remittance service Xoom
Present in a whopping 160 markets already, Xoom still wants more of the pie.
The music of embedded finance
Embedded finance is all about making the admin of life seamless, low-friction and invisible.
Vacuumlabs partners with GPS, the award-winning paytech behind Revolut and Starling
Delivering new products and features that enable businesses large and small to realise breakthrough innovations.
Swiss challenger Alpian picks cloud hosted Temenos tech
Alpian plans to deploy Temenos Transact and Temenos Payments in a SaaS model.
Connect bank operations from front to back
Improve efficiency and compliance while simultaneously lowering costs and risks.
iBanFirst appoints Said Layadi as new CTO
Layadi joins after stints at Euronext and Ingenico.
The Fintech Review: 2020
We cover embedded finance, competition, open banking, and CBDCs.
Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
New York-based Synechron buys Australian payments firm Attra
Attra and Synechron will have a combined workforce of 10,000 employees and annual revenue of $650m.
Video: Top fintech stories this week – 11 December 2020
FinTech Futures’ weekly news round-up.
Singapore and Thailand to link national payment systems in 2021
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Market infrastructure firm Pico raises $135m in Series C
Intel Capital leads the latest round for network company.
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
Solving payments and card challenges with a platform approach
A platform approach improves efficiency and customer trust.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
