Airwallex adds $40m to Series D round, hits $200m raised for 2020
Aussie-founded fintech plans to use cash to expand into new markets.
Payments
National Australia Bank pens merchant acquiring deal with Pollinate
The deal also sees NAB invest in the London-based fintech.
Mastercard and ACI sign payments infrastructure partnership
The pair are targeting central banks, schemes, and service providers.
Transforming the debt collections experience with self-service
The more intelligent collections virtual agents are, the more positive an impact they can have.
PayTech Awards 2020 now on YouTube: celebrity host, comedy stand-up, winners and more!
Watch Zoe Lyons perform her stand-up and unveil the winning projects, companies and people of PayTech Awards 2020.
Crown Agents Bank pens Vodacom mobile payments partnership
The bank extends its services to a potential pool of 13.4m customers.
Bank of Baroda searches for new digital lending platform
Bank of Baroda searches for new digital lending platform.
MineralTree raises $50 million, acquires Inspyrus and Regal Software
Accounts payable firm plans to take firm grip of mid-market segment.
SpotOn secures $60m Series C funding round from DST Global
The latest round puts SpotOn’s total raised at $190 million.
Trio of European start-ups raise fresh funding
Factris, KodyPay, and Swan all complete funding rounds this week.
The shifting ground of payments: are banks and SMEs aligned?
It’s safe to assume that in time, every business and consumer will expect immediate settlement as a norm.
Video: Top fintech stories this week – 25 September 2020
FinTech Futures’ weekly news round-up.
Westpac agrees to record AUD 1.3bn fine for AML failures
Australian bank on the receiving end of the country’s largest civil penalty.
Mode CCO: Alipay success can be replicated in the UK
With an IPO looming, Mode has got a busy year of business ahead of it.
OCC issues guidance on US banks’ stablecoin activities
The US regulator issues clarification for FIs dealing with crypto.
Goldman Sachs launches transaction banking service with Volante
The new cloud-based system is an “industry first” according to the pair.
Knowing how the story ends
“Where do I begin?” If you have ever asked me, you know my answer is always the same: in the middle.
Standard Chartered launches Mox Bank in Hong Kong
The virtual bank uses Thought Machine’s core banking system.
UK challenger Kale99 launches to provide digital banking with a CX twist
New fintech aims to copy the rapid growth of its vegetational namesake.
Revolut faces lawsuit in Romania over blocked account
Revolut faces 3,911 complaints so far this year, as compared to its 2,487 for the whole of 2019.
TrueLayer raises $25 million in Series C funding round
New injection brings TrueLayer’s total raised to $72 million.
Sustainability fintech Helios aims to reduce users’ carbon footprints
French fintech wants to help users reduce the impact of their spending on the planet.
WeChat transactions ban blocked by US judge
Issues over First Amendment rights causes US magistrate to block US ban.
ClearBank offers multi-currency accounts through JP Morgan API
UK clearing bank claims to be the first of its kind to provide the service.
Leaked FinCEN files show banks allowed $2trn in suspicious transactions
Major leak of suspicious activity reports shows “mind blowing” scale of money laundering issues.
CleverCards CEO: There’s only going to be one winning challenger bank
CleverCard’s Kealan Lennon reckons the market isn’t big enough for so many neobanks.
US payments firm Melio raises $80m in Series C funding round
Melio plans to use its new funding to expand and reach more customers.
Paytech Nuvei breaks Toronto Stock Exchange records with $700m IPO
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
Change Financial to buy Wirecard’s Australian business for $5.7m
In July, the subsidiary went into voluntary administration.
Competition concerns over fintech acquisitions
The CMA’s concern with mergers and acquisitions is to do with the potential impact on UK customers.
Video: Top fintech stories this week – 18 September 2020
FinTech Futures’ weekly news round-up.
FinovateFall 2020: Banking-as-a-Service shows industry’s future value
A panel of bankers discuss the potential of opening up to customers.
Swift unveils expansion plans to “fundamentally transform” transaction management
The interbank network plans to revamp the way transactions are processed.
Trio of UAE banks go live with klip digital wallet solution
Klip uses QR tech to enable contactless payments.
West African microfinance confederation goes live with SAB’s AT
SAB AT rolling out across six institutions in five West African countries.
FinovateFall 2020: Customer trust will test the new digital normal
Panel wonders if consumers will stick with digital solutions post-pandemic.
Tesco Bank launches Pay by Bank in partnership with Mastercard
UK bank rolls out new service to 2.6 million customers.
Citizens Bank app bombarded with bad reviews as tech update goes awry
US bank experiences avalanche of bad feedback over mobile changes.
Klarna raises $650m funding at $10.6bn valuation
It has doubled its value which was previously set at $5.5 billion just over a year ago.
Fraudsters rake in £58m during COVID-19 by impersonating banks
Impersonation scams have risen 84% in 2020.
