Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
Retail Banking
Rabobank IDB works with Sopra for PSD2
The bank has taken a Sopra solution called the Digital Experience Platform (DxP).
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Zenus Bank launches aiming to serve global clients
The US bank holds an international license.
New regtech FrankieFinancial signs up Xinja and Novatti
Aims to solve $4 billion legacy systems overhead problem.
Santander Spain plans a large jobs cut
Around 10% of its total workforce in Spain.
ClickSwitch simplifies recurring payments with $13m funding
The Series B was led by Commerce Ventures and Point72 Ventures.
Nationwide, Investec and Co-op Bank share £80 million BCR grant pool
All three commit to modernise and improve business banking for SMEs.
Video: fintech news weekly round-up – 13 May 2019
This week, blockchain and crypto by big names like Facebook and Microsoft, among other news!
Two new next-gen banks to open in the US
Piermont Bank and Nexos National Bank.
Hong Kong grants four more virtual bank licences
These banks will be launched by Ant Financial, Xiaomi, AMTD, Ping An, and Tencent.
Why retail banks should not be afraid of collaboration, even with tech giants
Collaboration for incumbents is the only way to catch up with the market and become truly consumer-centric.
New Medici Bank to harness technology to “reawaken” innovative spirit
A descendant of the Medici family sees future in Puerto Rico.
SettleGo signs for ClearBank’s payment access services
The service will also facilitate real-time account creation and addressable UK IBANs for SettleGo’s customers.
Australian challenger 86 400 seeks more funding
Funding is needed to grow, the bank says.
NatWest becomes first UK partner for open banking platform Tink
Swedish fintech will add personalisation to the bank’s mobile banking.
Nivo’s platform receives £2m funding to connect customers
The Manchester-based firm specialises on instant messaging and identity verification.
Royal Banks of Missouri adopts POPi/o video banking
Community bank is an early adopter of collaborative video banking.
Plum hits $4.5m new funding with 433% user growth in a year
The firm has reached 400,000 users.
Pacific National to launch digital bank on Nymbus Banking-as-a-Service platform SmartLaunch
The bank hopes to be able to launch within 90 days.
CBANC acquires Lendwell
Terms of the transaction were not disclosed.
Klarna brings its alt payment options to retail shops
Bringing pay later to consumers in stores.
Top fintech stories this week – 3 May 2019
May issue is out!
UK challenger bank Dozens gets £3.8m crowdfunding
Dozens had already raised $8 million prior to this round.
Indio Technologies brings digital to insurance with $20m funding
The company has raised over $30 million in total.
Oracle FSS gains two new core banking tech clients in Eastern Europe
New Flexcube takers are KDB Bank Europe in Hungary and Všeobecná úverová banka (VUB) in Slovakia.
Iress gains MSO deal from Principality Building Society
The Society was looking for new technology for its mortgages.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
Santander plans UK’s first combined voice and phone ID authentication
Customers will create a unique “voice print” at enrolment.
ALTO taps ACI for Indonesian alternative payments growth
ACI will provide its UP Retail Payments solution.
Tink teams up with Mash
The company plans to use Tink to improve the onboarding process for new users.
Meed Banking Club launches in the US with member exclusives
Leveraging banking services at Vast Bank, which itself is going through a major tech revamp.
Regions Bank taps IBM for AI-driven customer service
IBM’s Watson can help both employees and customers.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
Permanent TSB opens up new API portal
The Irish bank is keeping up with open banking developments.
RBS’s digital challenger bank Bo taps Mambu’s cloud tech
EXCLUSIVE: Bo is expected to launch to retail customers in 2019, underpinned by Mambu’s core banking tech.
TrueLayer joins with ANNA to offer open banking to SMEs
ANNA hopes to launch further new features in the future.
Kazakh Eurasian Bank upgrades cash tech with Fiserv
Access to cash is a key component in Kazakhstan.
Standard Chartered gets customer experience revamp with Avaya
The bank will implement the Avaya OneCloud Private solution.
Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
