Australia Post signs business lending tie-up with Valiant Finance
Aussie businesses can now get loans from their local post office.
Payments
ING subsidiary Payvision accused of pushing €131.2m in fraudulent payments
ING acknowledges the claim, but cannot comment further at this time.
HSBC launches Global Money account in US to rival fintechs
The bank’s aim behind the new service is to create “one global account”.
WhatsApp Pay finally gets green light from Indian regulators
The launch has been delayed for years since its beta testing in 2018.
Brazil prepares launch of new regulatory sandbox
Country’s central bank wants “integrity, reliability, and security” from participants.
Three UK fintechs raise over $100m in funding this month
Starling, Curve and GoCardless are raising rounds in excess of $100m.
Hong Kong and China pair up on digital currency experiment
The two have joined with Thailand to promote commerce in Southeast Asia.
US Department of Justice moves to block $5.3bn Visa-Plaid deal
US regulator files lawsuit against Visa, accusing it of monopolistic tactics.
Is your back-office ready for real-time payments?
Baldwin relays his thoughts on the firm’s award-winning Concourse Financial Software suite.
Video: Top fintech stories this week – 06 November 2020
FinTech Futures’ weekly news round-up.
UK’s PayPoint to make double acquisition worth £70m
PayPoint currently boasts a 9,000-customer strong card payment estate.
UK banks and challengers ranked: from on-boarding to app functionality
We use an analytics platform to figure out which UK banks are giving their customers the best service.
Denmark’s EKF picks Calypso for its treasury software
The credit export agency selected Calypso after an “extensive” tender.
Worldline completes $8.6bn acquisition of Ingenico
Worldline claims to have created the world’s fourth-largest payments firm.
FinTech Wales appoints IBM vet Sarah Williams-Gardener as CEO
Williams-Gardener is also a founding member of Starling Bank.
Typing authentication – the future of compliance
Cristian Tamas, TypingDNA’s co-founder and CMO, explains why he thinks the firm landed a PayTech Award.
What the Fintech? Episode 15 | Authentication station
What typing authentication is all about.
US financial literacy app Jassby plans virtual debit card for kids
The Massachusetts-based fintech wants to help parents teach their children about finance.
ASX delays CHESS replacement to April 2023
This is the third delay to ASX’s blockchain-based CHESS replacement system.
Breaking down borders for marketplace payments
CEO of Banking Circle explains rationale behind award-winning Banking Circle Marketplaces solution.
ECB blames Target2 outage on third-party vendor
The outage was not prevented by the failover solution in place.
JP Morgan backs UK payments fintech Icon Solutions
“Banks are having to find ways of cutting costs,” says Icon.
FIS replaces legacy processing tech at Brazil’s Afinz
Afinz switches out legacy in-house tech for FIS processing platform.
Yolt to launch Mastercard debit card through PPS partnership
Money management app takes a deeper step into the payments sphere.
PayTech Awards Supplement
Commending the payment sector’s best projects and experts of 2020.
Visa to acquire LatAm API-based payments fintech YellowPepper
The value of Visa’s acquisition is also undisclosed.
Sustainable banking app Novus launches website and waiting list
The new app promises to help users lead a better lifestyle.
Calastone acquired by US private equity firm Carlyle Group
Financial details of the agreement have not been disclosed.
Nets completes acquisition of major Polish card payment processor
“Poland is one of the most attractive regions in Europe” for digital payments.
Meezan Bank picks BPC’s SmartVista to revamp payments
Meezan is deploying SmartVista for payment authorisation, card management, and more.
Prospa sets out to serve global diaspora of African entrepreneurs
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Neobank Vybe plans 300,000 new customers in UK and France
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
Money management fintech Yatta emerges in Dublin
Yatta promises to help users navigate the “complexities” of financial decision making.
African remittance firms thrive amid COVID-19
Azimo saw a nearly 200% increase over the expected number of new customers in April, May and June.
US holding firm Syncapay buys Wirecard’s North America business
Wirecard put the market value of its North American business at €824m.
JP Morgan launches QuickAccept smartphone card reader to take on Square
QuickAccept was developed by the team from WePay.
Video: Top fintech stories this week – 23 October 2020
FinTech Futures’ weekly news round-up.
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
Supporting a changing workforce: real-time payments and the gig economy
Instant access by gig workers to their pay will create a healthier and more sustainable gig economy in the long-term.
The power of the collective
Martha Mghendi-Fisher is creating a community – a tribe – for women in the financial services industry.
