N26 expects 70% of bank branches to disappear in 10 years
The coronavirus is accelerating a permanent change in consumer behaviour, says N26.
Coronavirus
Moven shuts all consumer accounts, pivots to B2B-only service for banks
Founder says “major multi-year funding” was withdrawn due to coronavirus.
Love in the time of COVID-19
Amazing teams have teams that care. That’s how leadership works. It’s a team sport.
Coronavirus crisis forces the EU to redraw its digital strategy
Working remotely is also causing considerable strain on the EU’s IT system.
A look under the hood of ABN Amro’s internal Covid-19 operations
The bank admits there were some VPN teething issues.
US non-bank financial firms push Congress for SME lending relief
Legislators are currently working on a bill which addresses small business loans.
Stock markets decline as coronavirus crisis worsens
A further wave of dividend suspensions and cancellation of buybacks were announced.
Fronted, 11:FS and Credit Kudos create ‘Covid Credit’ for self-employed
Covid Credit uses open banking data to help the self-employed get income relief.
Credit scores and the willingness to repay in the age of Covid-19
Psychometric credit solutions will likely become increasingly valuable for loan decisioning.
SoftBank to sell $41bn in assets to firm up financials amid virus outbreak
The company’s share price shot up 18.6% in Japan today.
FCA sets out guidance for mortgage providers & lenders on COVID-19-related loan scheme
This supports the announcements made by the Chancellor last week.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
ESMA relaxes MiFID II call recording rules in wake of COVID-19
The EU regulatory body recognises limitations created by the virus.
ESMA delays SFTR implementation
The EU regulator acknowledges the business impact of COVID-19.
Gradually – then suddenly: parenting during coronavirus
Until we get beyond, hunker down and carry on. Pass me that glass of wine please.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Appian unveils software to help banks operate amid coronavirus outbreak
The application is only available to companies with more than 1,000 employees.
Ask the expert: what can I do to ensure my fintech is protected during these challenging times?
As a growing a fintech, you’ve worked hard to get to where you are. You mustn’t let momentum slow.
Bank of England dips into US repo to lend banks $15bn
It’s the largest sum the central bank has issued since the financial crisis.
Life in the time of COVID-19: learning to share
“Humans. So many good ideas. So many failed ideals.”
Central banks free up US dollar liquidity amid coronavirus pandemic
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
EBA suspends EU banks’ stress tests over coronavirus impact
European regulator encourages flexibility in reaction to the virus.
FCA issues coronavirus cryptocurrency scam warning
UK watchdog tells investors to be wary of deals too good to be true.
Budget 2020: What’s the fintech impact?
FinTech Futures picks out the fintech tidbits in this week’s announcement.
UK banks prop up SMEs with £7bn amid coronavirus outbreak
The banks are also deferring customers’ payments on loans and mortgages for up to three months.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
The impact of COVID-19 on the Chinese market
The effects of the coronavirus on the local fintech market isn’t all negative.
DBS evacuates 300 employees after one catches coronavirus
Singapore has reported 58 cases of the new virus so far.
