Barbados challenger Sagicor Bank launches on Mbanq’s BaaS platform
Through Mbanq, Sagicor Bank aims to offer customers “branchless” digital financial services.
Consumer/Personal Finance
News, intelligence and resources on the global fintech industry including topics such as consumer/personal finance.
UK pensions fintech Smart lands $95m Series E funding
Smart plans to use the funds to expand globally, complete acquisitions and invest in its Keystone platform.
Dopamine, BNPL and subprime lending
How can BNPL be structured to serve consumers better and help them be more responsible?
How digital payments are changing the world
In both sociological and economic terms, the rapid switch to digital payments is fascinating.
US credit card start-up Petal bags $35m in fresh funding, spins out Prism Data
The new investment will be split between Petal and Prism Data as the businesses look to scale.
Student lender MPOWER secures $150m loan facility from Goldman Sachs
The Washington DC-based lender will use the facility to hand out more loans to international students.
The future of work is a story of data and empathy
The future is not about using technology to displace humans, but leveraging technology to be more human.
Innovation through BaaS and embedded finance
FinTech Futures speaks with Temenos’ Kanika Hope about the impact of BaaS on financial services.
Apple’s new savings account sees $1bn in deposits within one week of launch
Forbes reports the savings account attracted $400 million in deposits on launch day alone.
ICYMI fintech funding round-up: Kiwi, Green-Got, Moonsense & more
Our weekly round-up for you to get the latest fintech funding news from around the world.
HPS CEO Abdeslam Alaoui Smaili on innovation in the payments industry
FinTech Futures chats with HPS CEO Abdeslam Alaoui Smaili at WeMeeting 2023 in Marrakesh, Morocco.
US digital banking platform Greenwood acquires neobank Kinly
The acquisition marks Greenwood’s third over the last year.
Sharia-compliant challenger Nomo taps Paymentology for digital payments platform
Paymentology’s technology has allowed the bank to offer cross-border transaction services “without high fees”.
JP Morgan Chase snaps up troubled First Republic from FDIC in $10.6bn deal
JP Morgan has assumed all deposits – insured and uninsured – worth approximately $92 billion from the FDIC.
Retail giant Walmart sues Capital One over credit card failures
Walmart alleges Capital One failed to meet several contractual obligations and customer service standards.
US fintech funding round-up: Credora, Summer & Yelo
A handy round-up of the recent funding endeavours of fintech companies across the US.
Curate and compile: the future of AI-driven fintech experiences
A new generation of generative fintechs is coming, and finally, the banking sector will be truly transformed.
South Korea’s Kakao Pay eyes majority stake in Siebert
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
US savings app Super.com lands $85m in Series C fundraise
With the new funding, Super says it will scale its product and engineering resources.
Santander taps DailyPay to offer on-demand pay services
Through DailyPay, Santander’s clients can provide employees with immediate access to pay as they earn it.
What’s the customer benefit of fintech?
For me, the level of funding going into a market is not a good measure of success.
ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
Financial automation start-up Clerkie bags $33m Series A
The round was led by Left Lane Capital, with participation from other investors.
Goldman Sachs mulls potential sale of BNPL fintech GreenSky
GreenSky was acquired by Goldman in 2021 for $2.24bn to furnish its Marcus banking app.
ICYMI fintech funding round-up: Next Gate Tech, Hakba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Regions Bank selects Temenos for customer deposit system modernisation
Modernising the bank’s core systems “paves the way” for continued, sustainable growth, Regions says.
ICYMI fintech funding round-up: Finanzguru, Spendflo & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Is there a future for credit unions and building societies?
With the finite resources of a small bank, credit union or building society, the future could be daunting.
Cartoon: Pivot
A new cartoon illustrating how consumer fintechs are having to constantly pivot to find product market fit.
A tale of two worlds
We have a responsibility as an industry to do more to improve financial security and create a more equal society.
US saving and investing app Acorns acquires UK’s GoHenry
Together, both firms will now serve over 6 million customers globally.
US fintech funding round-up: StellarFi, Stratyfy, Beam and more
A handy round-up of the recent funding endeavours of fintech companies across the US.
Seattle Bank partners LoanStar for embedded consumer lending solution
Seattle Bank customers can now access loans for high-value transactions directly through merchants.
CBDCs – miracle money or new world order?
CBDCs promise much, but their cost when it comes to privacy could be dear.
Apple launches BNPL offering Apple Pay Later in the US
Apple has launched a pre-release version of its BNPL offering to a select number of customers.
Video: N26 at FinovateEurope 2023 – The evolution of AI in banking
We chat with Jean-Pierre Sleimen of N26 about how AI has changed the face of banking.
Metro Bank uses acquisition as a strategy to speed up innovation
A closer look at how Metro Bank has adapted its approach to innovation.
Video: First Direct at FinovateEurope 2023 – The future of open banking
Saira Khan, head of innovation and partnerships at First Direct, discusses what the future might hold for open banking.
Video: CompoSecure at FinovateEurope 2023 – Security and innovation in digital payments
Dr Adam Lowe of CompoSecure discusses how to combat the growing number of cybersecurity threats in digital payments.
JP Morgan to pilot biometric payments in the US
If the pilot is successful, JP Morgan intends for a wider rollout to US merchants in 2024.
