Facebook Pay launches for US users on Messenger and Facebook
The social media giant says it’s a separate venture to the Libra project.
Payments
PFS sells up to Australia’s EML Payments for $290 million
EML aims to become “one of the largest fintech enablers in open banking”.
Phil Heasley retires from ACI Worldwide
The board has been conducting a thorough search for his successor.
Digits Financial raises $10.5m in Series A
Digits remains in stealth mode for now and remains at an invite only stage.
Agility and choice through integration
Financial product providers should make the most of the flexibility and speed offered by integration.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
Visa invests in ultrasonic payments firm Lisnr
Lisnr plans to take on NFC and QR-based payments.
Three key steps that can put banks ahead in the sustainability revolution
Including adopting sustainable technology and processes lowering your carbon footprint.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Standard Chartered latest bank to join Enterprise Ethereum Alliance
The bank will aim to deepen the EEA’s blockchain research.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Clearpay helps Marks & Spencer tap millennial generation
The paytech charges the merchant rather than the consumer.
India’s Reserve Bank welcomes retail paytechs to new regulatory sandbox
The bank hopes to “spur innovation in [the] digital payments space”.
Money20/20 USA: In conversation with Haytham Kaddoura, CEO of SmartStream
Creating game-changers in the banking industry.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
Swift and EBA Clearing kick off ISO 20022 migration for EURO1
Swift has provided the messaging layer for EURO1 since 1999.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Nets makes changes to the executive committee
This includes a new CEO of Issuer and eSecurity Services and group CHRO.
Poll reveals US falling behind in faster payments adoption
A lack of interoperability is cited as the main reason for slow progress.
GoCardless and TransferWise launch first global network for bank debit
Customers can collect recurring payments in over 30 countries.
Vietnam’s TPBank seals deal with blockchain paytech RippleNet
RippleNet claims its first bank client in Vietnam.
Alipay launches prepaid card for international visitors
Prepaid card scheme for international visitors is a first for the giant Chinese payment firms.
Revolut CISO leaves after two months on the job
Dinis Cruz has left the challenger bank by mutual consent.
Central Bank of UAE plans new fintech office to power innovation
Governor Mubarak Rashid Al Mansouri says central bank has a “five pillar” approach.
Sweden’s subscription manager Minna Technologies lands deal with Norway’s SpareBank 1
Competitor Subaio has recently signed deals with various other Nordic banks.
South Korean regulator plans Open Banking experiment
The scheme will involve a “comprehensive assessment” for Open Banking.
Self-service in the branch and as the branch
ATMs are the powerhouse player in a modern digital strategy.
Japan’s instant credit start-up Paidy raises $143m
It includes $83m in a Series C extension and $60m in debt financing.
UK Treasury makes paying back consumers victim to APP fraud ‘compulsory’ for banks
The phrase ‘gross negligence’ will also be defined.
Deciphering transparency in payments with Laura Paul
Changes in payments are impacting the globe, not just the sector.
Monzo hires new CRO with blue chip banking career
Lisa Nowell leaves ClearBank after just six months.
Irish P2P firm Flender raises €75 million in funding
Third round of debt financing gives SME lender a boost.
Banking Technology November 2019 issue out now
The identity challenge.
The Clearing House connects 15 credit unions to RTP network with Jack Henry
All of Jack Henry’s clients will move to RTP in the future.
Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
Flywire furnishes Bank of America with cross-border payments solution
Bank’s higher education and corporate clients can expect better cross border service.
EBA charges European Commission with cross-border services mission
A new report calls on the EC to help to smooth challenges facing cross-border business.
Elavon and Santander help Poppy Appeal in ‘largest cashless charity campaign in Europe’
The fintech is deploying 1,100 cashless terminals across the UK.
Modulr plans £20m investment in Scottish development hub
The business payments firm wants to boost Scottish fintech.
