HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
FinTech
Crypto bank SEBA launches Swiss offering after FINMA greenlight
SEBA secured its banking licence in August 2019.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
Investment firm Castle Trust to become UK challenger bank
The firm calls it the “natural next step”.
Tencent plans blockchain-based virtual bank on back of new Hong Kong licence
Chinese conglomerate nabs its second licence from regulators.
New interest-free credit service Postpay launched in Dubai
The service aims to counter the cash on delivery culture.
Apple Card issuer investigated after claims of sexist credit checks
Goldman Sachs faces official inquiry in NY over alleged Apple Card sexism.
Digits Financial raises $10.5m in Series A
Digits remains in stealth mode for now and remains at an invite only stage.
Putting female STEM into financial systems: the role of gender diversity in fintech
Fintech founders must address the gender balance early.
Money20/20 USA: Seven key takeaways and how to prepare your business
Informa’s Rutger van Faassen shares his impressions and insights from Money20/20 USA.
Interac acquires Ottawa-based digital security company 2Keys
2Keys will operate as “2Keys – a subsidiary of Interac Corp”.
JP Morgan invests in research filter solution for FIs Limeglass
Limeglass is a graduate of JPMorgan’s ‘In-Residence Program’.
Canadian AI search tool Coveo raises $172m to hit unicorn status
Coveo is now “well above” US $1 billion in valuation.
The trainer and the tech
Digital design teams need to surround themselves with a diverse group of colleagues.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Banking Technology Awards countdown: 4 weeks to go – will you be there?
Get in touch with our team to book your place – it’s a party not to be missed.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Data start-up Meeco secures $6.2m in seed funding
Funding will support acquisition of Aussie firm SVX Group.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
India’s Reserve Bank welcomes retail paytechs to new regulatory sandbox
The bank hopes to “spur innovation in [the] digital payments space”.
Bitcoin ATMs in Nevada now need a money transmitter licence and bond
Find out the basics about virtual currencies regulation in Nevada.
UK challenger Tandem Bank announces Hong Kong expansion
First step overseas for the London-based neobank.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
AI savings firm Chip Financial nabs £3.5m from angel investors
The London-based start-up has raised £7.5 million so far in 2019.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Mylo raises $10m Series A from major Canadian financial institutions
This fundraising marks two years of rapid growth for Mylo.
Backbase Connect 2019: Backbase’s CEO says its biggest challenge comes from its customers
Banks need to fully commit to a “neo-reality” digital transformation.
Goldman Sachs leads $50m Series C funding round for credit card platform Deserve
The funds will go to its “Card as a Service” (CaaS) platform.
A dose of Hegel, banking edition
False dichotomies – either fighting them or succumbing to them to get things moving, things done, to get people on the same page.
The Other 50 Podcast: all roads must lead to profitability
The state of challenger banks and fintech funding, and what the future holds.
Backbase Connect 2019: How Backbase built a digital bank in 47 minutes
From an uncustomised template to a fully-customised, integrated banking app with 13 mins to spare.
Ask the expert: your questions on growing the business answered
What elements of lead generation should I consider for outsourcing?
Picturewealth co-founder says VCs don’t understand profit when it comes to start-ups
Neal Cross reveals the flaws in fintech start-up’s pitches today.
Backbase Connect 2019: Backbase challenges Banco Santander’s €20bn digital spend
The digital banking firm says it will build a digital bank in one hour.
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.
Santander splashes £350m for majority stake in Ebury
The bank’s 50.1% majority stake will put £70 million towards Ebury’s expansion.
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.
