Making remote working work
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Coronavirus
Chime pilots instant $1,200 stimulus check payments
The US government plans to distribute stimulus checks from 13 April.
US Federal Reserve pours $2.3 trillion into financing economy
“This funding will assist households and employers of all sizes,” says the Fed.
Singapore’s financial regulator unveils $87.8m fintech care package
The package is one of the most fintech-specific aid offerings seen so far.
China calls on banks to lend more aggressively to small businesses
Analysts say cheaper loans will help the broader Chinese economy weather the current slowdown.
RBS axes 130 jobs from investment banking arm despite coronavirus uncertainty
Trade unions have criticised RBS’ choice to lay off workers amid the crisis.
Japan’s $1tn stimulus offers $18,000 to small businesses
It includes more than JPY 6 trillion for cash pay-outs to households and small businesses.
Starling Bank launches “spare” debit card feature to help those self-isolating
The ‘Connected Card’ gives someone else the ability to spend on their behalf.
Transformation in a post apocalyptic world
How do we ensure we are in a better place to serve, deliver, survive in the next Black Swan event?
Judo Bank lands $307m from government to support SMEs
“This is a really substantial additional signal of support by the government,” says co-CEO.
Fifth Third Bank plans 1,000 new roles for COVID-19 jobless
The US bank is hiring across retail banking, mortgages, and operations.
What would a coronavirus start-up aid package mean for UK fintech?
Coronavirus could “wipe out a generation of start-ups”, says one fintech founder.
Trade finance fintech Envoy is ready for the coronavirus rebound
Banks will be “very hungry to get their money back,” says CEO.
Westpac’s acting CEO gains full authority as bank gears up COVID-19 response
Peter King will be Westpac’s CEO for at least the next two years.
Coronavirus exposes gaps in innovation
The pandemic has given fintechs a time to shine.
Rangewell calls for Nationwide’s returned £50m to go towards COVID-19 effort
Business finance firm says the bank has abandoned finance plans “when they are most needed”.
Will fintech CEOs follow in the footsteps of Dan Price post-coronavirus?
Monzo and Moven’s CEOs have both taken a 100% pay cut.
HSBC launches mobile onboarding in mainland China
UK-headquartered bank is the first foreign lender to launch mobile onboarding in China.
FCA plans financial relief for customers amid COVID-19 pandemic
UK regulator wants a freeze on loan and credit card debt.
Video: Top fintech stories this week – 03 April 2020
FinTech Futures’ weekly news round-up.
What the Fintech? Episode 2 | COVID-19: Is cash still king?
Find out Nick Kerigan’s take on the impact of COVID-19 and his banned buzzword.
UK fintech Tully helps distribute COVID-19 payment relief
The fintech wants to reach two million people in its first eight weeks of launch.
The return of humanity in the digital era
He highlights the positive impact of the current situation and how our past was not necessarily better.
COVID-19: a call for digital transformation
This will not be a short-term event so businesses must prepare for the long haul.
Banking industry publishes EU payments plan post-coronavirus
The paper puts a heavy emphasis on instant payments.
A banker goes a-banking, volume 6: the patience of the lambs
Better is possible. Better is needed. Better is now both a business decision and a moral imperative.
Ordo launches free P2P payments service in wake of COVID-19
Payments firm aims to help those doing tasks for people in isolation.
Monzo’s CEO takes 100% pay cut for 12 months
Senior management and the board will also take a 25% pay cut.
Nymbus launches loan processing system for US banks to deliver COVID-19 relief
Nymbus says it has digitised the entire Paycheck Protection Programme (PPP) loan process.
Banks waive overdraft interest on temporary basis
Banks & building societies have previously been shaking up their overdraft charging structures.
Jumio helps US sectors battling coronavirus verify users for free
Organisations “involved in helping students, patients and vulnerable populations” can apply.
Keeping traders trading from home
Traders have found themselves operating in a new world.
HSBC delays ‘vast majority’ of redundancies amid COVID-19
“Because of the extraordinary impact of the COVID-19 pandemic,” says Noel Quinn.
Video: Top fintech stories this week – 27 March 2020
FinTech Futures’ weekly news round-up.
Coronavirus: FCA announcements round-up
We collated a round-up of these notices to assist our readers on COVID-19 updates.
Patch Homes rebrands to Noah & offers assistance for homeowners
It’s offering all new customers $1,000 at closing and waiving fees for existing customers.
US Fed Reserve & ECB ramp up bond buying to steady markets
Fed pledged to buy unlimited amount whilst ECB eyes up €750bn additional bonds.
Coronavirus: UK cash usage halves during pandemic
Shop closures, contactless and hygiene concerns taking its toll on cash.
Pleo offers new customers free services until July amid coronavirus
“With this uncertainty set to rumble on […] Pleo wanted to do something to help.”
FCA requests listed companies delay publishing preliminary financials
It highlights that this statement does not apply to AIM-listed companies.
