UK challenger ikigai to launch flat-fee investment account
“I think the pain points are quite similar across different income levels,” says co-founder.
FinTech
Tandem launches AI personal finance adviser Ada
The AI assistant can predict cashflow, spending patterns and forecast balances.
Who owns your data?
The answer to competition is not to block access to customer data.
Video: Top fintech stories this week – 13 March 2020
FinTech Futures’ weekly news round-up.
Santander buys Spanish fintech Mercury TFS
Santander hopes the deal will enhance its global trade platform operations.
Revolut launches gold trading for Premium and Metal users
The neobank will apply a 0.25% markup, with no other fees.
FCA issues coronavirus cryptocurrency scam warning
UK watchdog tells investors to be wary of deals too good to be true.
BandPay lands $2m to help musicians get paid
“This is a crucial investment,” says co-CEO.
Global fintech funding: 2018 still stands as the reigning year
As of February 2020, year-over-year deal counts were down by 22%.
Kyriba Live 2020: Is it time to partner up with fintech firms?
The question is whether fintech firms will want to join Kyriba’s platform.
Inclusion, innovation, and mobile money in Sub-Saharan Africa
“If our systems fail, a big part of the economy would fail,” says exec.
Wirecard and Singapore’s Grab partner on payments
The partnership will begin in Malaysia, the Philippines and Singapore.
Credit Sesame launches new digital bank account Sesame Cash
A banking offering will engage customers beyond just improving credit.
Step aside China, it’s Southeast Asia’s turn in the spotlight
The region is full of promise and possibility for investors and entrepreneurs alike.
Do not fail fast, learn fast instead
Being advised to fail and do so at speed, as if that, somehow, was not a relative thing anyway.
Budget 2020: What’s the fintech impact?
FinTech Futures picks out the fintech tidbits in this week’s announcement.
Alipay plans digitisation for 40 million Chinese service providers
The move marks a shift in the business from financial to digital services.
Visa teams up with Nigeria’s Paga
Lagos-based Paga holds more than 14 million customers across Nigeria.
A look beyond the big numbers
The devil is often in the detail.
Report on cloud transformation in banking: The 2020 state of play
Investigating how a new year and a new decade have impacted the drive towards a cloud-based future for banking.
Revolut seeking UK banking licence before year end
The neobank currently only has one banking licence in Lithuania.
San Fran money manager Empower Finance lands $20m Series A
“There’s growing demand in the market for financial knowledge to be more practical,” says CEO.
Aussie neobank Hay chooses Mambu’s cloud banking platform
Mambu landed two other Asia-Pacific deals this month.
Standard Chartered unveils new Hong Kong challenger bank Mox
The bank’s card will be numberless to prevent fraud.
OakNorth Bank’s profits nearly double in 2019 but growth slows
The SoftBank-backed lender did see a slow down in its total loan facilities.
Celebrating Finovate’s #WomeninFinTech
For fintech to be for everyone, it needs to be from everyone.
First Digital Trust bags $3m investment led by Nogle
FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.
Family finance app Jassby raises $5m, anticipates $20m round later this year
CEO says rounds will drive fintech closer towards 1 million users within a year.
Tandem lands funding, tipped to buy “green” lender
The bank is set to announce “the acquisition of an established ‘green’ lending business”.
Challenger bank Copper latest to tap America’s teens
Copper is yet to reveal its launch date but has opened a waiting list to teens.
Leap Finance raises $5.5m to help finance Indian students abroad
Start-up wants to change the way students are given credit.
PFM app Bean shuts down 15 months after BGL Group acquisition
Bean no longer accepting new sign-ups and set to close later this month.
Aruba’s banks switch to instant payments with equensWorldline
The digitisation of payments has been “a challenging project” for the island.
GFH buys 70% stake in MENA payments fintech Marshal
Marshal has a 85% market share across the United Arab Emirates (UAE).
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
Explained: Cryptojacking
IT professionals constantly need to look for tell-tale signs in their networks.
Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
Money management app Emma bags $2.5m in seed funding
The fintech connects users’ bank accounts under a single dashboard.
Dutch fintech TerraPay gets acquired & raises $9.6m
“Fintechs like TerraPay play a vital role in increasing financial inclusion in emerging markets.”
Starling Bank amps up advertising efforts with Team GB win
The bank is offering every British athlete an account with £100 in credit.
