Zopa launches its first fixed-rate savings accounts
The range of accounts pay 1.05%, all the way up to 1.3%.
Peer-to-Peer/P2P
China culls almost 6,000 P2P lenders in industry crackdown
A two-year programme has left only 29 firms in the country.
Chinese fintech Lufax targets $3bn in US IPO
Sources highlight that political tensions between the US and China could affect its listing plans.
Islamic P2P lender Qardus launches in UK for SMEs
The new P2P lender offers unsecured loans of up to £100,000.
Mastercard invests in long-term fintech partner Verestro
The fintech has worked with Mastercard since 2011.
Lending Works acquired by Intriva Capital
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
MoneyGram makes another move into South Korea
The remittance firm wants a “leading” position in South Korea’s P2P remittance market.
Zopa lands UK bank licence, set to launch credit card and saving account
The company announced its plans to become a bank nearly four years ago.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
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.
Dubai fintech Ziina lands $850,000 and launches P2P payment app
The start-up’s funding round was led by San Francisco-based Class 5 Global.
The rise of P2P FX
P2P initiatives aimed at helping corporates transact more efficiently will continue to gain traction.
VibePay opens up APIs to SMEs, lands £1.25m funding
Originally planned for Q3 of 2020, the fintech brought the launch forward
Ordo launches free P2P payments service in wake of COVID-19
Payments firm aims to help those doing tasks for people in isolation.
Will Asia’s Big Tech European expansion stick?
Asia’s mega funding rounds make Europe’s look like child play.
Underpinned helps companies pay freelancers with Banked
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
BandPay lands $2m to help musicians get paid
“This is a crucial investment,” says co-CEO.
Flywire’s CEO on unicorn status: “It means nothing until it is something”
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
Santander’s PagoFX to launch in Spring and rival TransferWise
The venture now has a 50-person London-based team.
UniCredit finds two new partners in Tel Aviv’s PayKey and equensWorldline
PayKey is a social app payments integrator, and equensWorldline a pan-European payments processor.
Santander hires head of P2P payments
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Tally launches 2.0 version of UK Faster Payments-linked app
Tally is not a cryptocurrency, because it’s linked to a tangible asset.
How start-up Minka is building LatAm’s plumbing for real-time payments
Exclusive interview: “We’re a small start-up doing the work of big players,” says Minka CEO.
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
Latvia’s Robocash set to raise $5m for P2P investments in Southeast Asia
European investors can now back 12-month commercial loans in Singapore.
UK P2P firm Zopa receives £140m injection to keep banking hopes alive
Zopa’s temporary licence was set to expire.
Facebook Pay launches for US users on Messenger and Facebook
The social media giant says it’s a separate venture to the Libra project.
Irish P2P firm Flender raises €75 million in funding
Third round of debt financing gives SME lender a boost.
P2P lender Funding Score sinks into administration
Investors nervous as recovery firm takes control.
Kaleyra and Epiphany launch first open banking hub in Italy
The hub will give banks a space to launch PSD2-compliant products.
Making payment easy across Africa and beyond
Thabo Makoko, explores how the continent can improve its payments infrastructure.
UK lendtech Zopa brings transparency to credit score calculations
Zopa says it’s the first lender to show how it determines who to lend to.
Viva Republica cosies up to Standard Chartered in plan to form Korean challenger
A successful licence bid would create the third internet bank in the country.
Banking Technology October 2019 issue out now
Lessons from Africa.
Five lessons global banks can learn from African fintechs
Mobile payments have been positioned as a ground-breaking idea but Africans have been doing that for a while.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Deutsche Bank joins Interbank Information Network
The blockchain-based platform has more than 300 member banks.
White paper: The payments transformation race – criteria for success
Download the report from Icon Solutions and Aite today!
