Revolut announces redundancy of 60 employees due to coronavirus
“We have made every effort to protect every job,” says fintech.
FinTech
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
Ask the expert: to outsource lead generation or not – that’s the question!
If you are a fintech undertaking lead generation for the first time, where do you start?
Fintech Dapi takes on MENA’s scattered open banking landscape
“The region is super scattered,” says co-founder, Mohammed Aziz, regarding open banking regulations.
Swiss private bank Lombard Odier launches fintech strategy
An active portfolio of 50 well-diversified stocks will be put together.
Goldman Sachs-backed fintech Flywire cuts 12% of workforce
A further 16 workers have been put on part-time contracts.
N26 lays off 10% of New York-based workforce
The losses are the first to be put down to operational reasons.
Monzo bags banking veteran as its new head of global financial crime
Laramy comes from Barclays, Santander and US bank Capital One.
Business banking app Countingup lands £4m led by ING
ING says Countingup is a “digitally disruptive solution”.
Aussie neobank Xinja loses 2.25% interest rate
The interest rate caused it to hit AUD 100 million in deposits after just 19 days.
Russia’s VTB turns to automation for customer claims
VTB wants to reach 70% automation in its claims’ operations.
Putting off a reorganisation? This could be rather costly
Throughout the process, involved parties must understand drivers for change.
Payments start-up Banked raises £2.3m in seed funding
Real-time payments firm aims to challenge incumbent dominance.
Kestrl to offer UK consumers ethical banking alternative
The debit card launch is expected sometime in Q3 following a June beta.
Japan wants to make it easier for banks to buy stakes in fintechs
The move follows the success of fintech financers during the coronavirus pandemic.
SadaPay drives contactless adoption with Mastercard in Pakistan
The digital wallet aims to deliver three million cards over the next five years.
Situation: not normal
Choose to act towards the next chapter. Choose to live each day of “not normal” as if more than survival is at stake.
Revolut seeks acquisitions with struggling travel firms
“A lot of travel aggregators are in trouble at the moment,” says CEO.
UK challenger 220 lands former Standard Chartered COO as adviser
Angela Knight worked at Standard Chartered for an uninterrupted 22 years.
Alpian lands $12.6m in Series A
Alpian is applying for its own banking licence.
Citi’s Proxymity lands $20.5m from HSBC, JP Morgan and Deutsche Bank
The funding round will see it become its own London-based entity.
N26 extends Series D a second time for $100m raise
The challenger’s Series D round totals to more than half a billion.
Amazon Web Services VP resigns over whistleblower firings
The engineer quit in protest over AWS’ handling of warehouse employees amid COVID-19.
UK fintech Fintuity offers free financial advice to NHS staff
The NHS will have access to the fintech’s online platform and financial advisers.
Three ways to optimise the finance function during COVID-19
It’s important to find areas of your business that can create positive returns.
The State of Digital Transformation in Financial Services 2020
Digital transformation today needs a balance between ongoing tech innovation and development of new skills.
COVID-19: Highlight of the week
We focus one particular coronavirus news item affecting the fintech industry.
Revolut launches deposit-insured bank in Lithuania
Revolut says it also plans to roll out consumer lending services to the region.
Singapore’s GoBear snaps up fintech AsiaKredit
GoBear’s bank partners will be able to tap underserved consumers.
RTM connects Brazil’s finance ecosystem to global markets
RTM has set up new, low latency routes to the USA, Europe, South Africa and Asia.
Leon Muis of YTS: “Open banking paves the way for open finance & open data”
Yolt’s chief business officer unpacks his thoughts on Brexit & the future of finance.
Video: Top fintech stories this week – 01 May 2020
FinTech Futures’ weekly news round-up.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
RBS closes digital bank Bó six months after launch
Customers will be given a notice of “at least” 60 days before their accounts are closed.
TransFICC lands £5.75m from AlbionVC, ING and HSBC
Existing backers inlude Citi and Commerzbank.
Car service financing fintech ASF lands £14m despite production slow down
The investment comes after UK car production dipped by more than a third last month.
Investing app Stash lands $112m Series F led by LendingTree
This month Stash also surpassed $1 billion in assets and 4.5 million users.
Hungary’s central bank unveils first fintech report
The report recorded 110 domestic fintech companies as of 2018.
UK fintech Cash Coach set to gamify savings launches on app stores
The fintech will now look to raise up to £400,000 on Crowdcube.
Revolut seeks help applying for UK banking licence & loses four more execs
Revolut’s goals remain the same, despite coronavirus.
