TransferWise hits £2 billion in customer deposits
Users can now send money with just a phone number.
Payments
Nuapay joins UK government payment acceptance scheme
Crown Commercial Services adds another open banking partner.
Nymbus secures $12m in funding to expand digital banking systems
The vendor is aiming to push its SmartEcosystem platform.
Mobile banking platform Vivid Money launches in Germany
The challenger is working with solarisBank and Visa.
PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
India’s central bank creates $66m digital payments infrastructure fund
RBI has made an initial seed contribution of $33 million (RS 250 crore).
Mambu partners with VeriTran to create digital banking solutions in LatAm
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
JCB to deploy FIS Payment One switching and acquiring platform
The payment scheme is planning to enable QR payments for more customers.
Real-time payments and fraud: what can be done?
To effectively manage fraud risk, companies should use advanced analytics techniques.
PayTech Awards winners: where are they now? Emailage – Best E-Commerce Initiative
The pending takeover of Emailage by LexisNexis “kind of dominates the news”, says EMEA MD.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
MoneyGram signs remittance partnership with Al Rajhi Bank
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
Landesbank Berlin to develop commercial card programme with SIA
German bank will launch co-branded accounts using SIA platform.
PayTech Awards winners: where are they now? Streeva – PayTech for Good
We talk to some of the winners of last year’s PayTech Awards to see how they have fared since then.
Santander deploys ThetaRay’s AML solution for correspondent banking
The roll out of ThetaRay’s solution across Santander began in Q4 2019.
Reserve Bank of Australia mulls payment cost change for merchants
Australian central bank examining the market in the wake of COVID-19
DBS Bank launches real-time payments solution for India truck drivers
The bank partnered with the Transport Corporation of India.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Conductor selects ACI Worldwide systems for Latin America expansion
Brazilian card processor already claims three new customers.
Earnings on demand fintech Hastee rolls out Visa debit card
“Users visit our app on average one and a half times a day,” says CTO.
New international banking platform Cpay.uk launches
Cpay.uk aims to provide an alternative to what it calls “heavily regulated banking”.
Appway raises $37 million in equity funding from Summit Partners
Lifecycle management firm secures first external capital raise.
What steps should merchants take to comply with SCA on time?
Merchants need to make sure they have implemented support for EMV 3DS.
Truelayer signs payment initiation deal with UK government
The open banking firm has been added to the Payment Acceptance Framework.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
TIS raises $20m for its B2B payment platform
TIS will use the investment from Aquiline and 83North for its global expansion.
Transact Bank partners with telehealth start-up Hopdoc
Transact Bank’s parent company Transact Pro will facilitate the payments.
Pay.UK rolls out framework for Request to Pay services
More than 400 organisations were involved in the open sandbox.
Postera Capital acquires sentiment analysis firm Augmento
Blockchain fund operator aims to be “pioneer” for crypto consulting.
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Marqeta lands $4.3bn valuation thanks to mystery investor
Marqeta’s customers include Square, Uber, Instacart and DoorDash.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners is taking control of more than 80% of the fintech.
Bank of Cyprus goes live on HPS PowerCard system
HPS has replaced two systems from ACI Worldwide and Bevertec.
Strong customer authentication suffers another delay
Biometrics authentication is fast & easy to deploy, benefitting all stakeholders in an online payment transaction.
How VibePay is quietly changing the UK fintech Twitter game
British grime MC JME donated £1,200 to the Vibe community last week during one of its social media events.
San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Unibank completes processing stage of TranzAxis migration
Azerbaijani lender is ploughing through a multi-stage move to Compass plus system.
Bank of India selects Uniken REL-ID to secure digital channels
Two firms extend decade-long systems partnership.
Budgeting strategies for government stimulus payments
Suggestions for how households could maximise the impact of their payments.
Remote work start-up Deel scores $14m series A led by Andreessen Horowitz
Andreessen general partner, Anish Acharya, is joining the San Francisco-based company’s board.
