OpenWrks lands government deal as digital affordability provider
The government wants to digitise more of its debt advice service.
API
Thought Machine lands another $42m for Asia-Pacific expansion
It brings the firm’s Series B round to $125 million.
Webinar: Empowering your SME customers for the new digital normal with APIs and microservices
Real-life examples from Tide and THIS of how APIs and microservices have fuelled business transformation.
Lloyds partners with Form3 to create group-wide payments platform
The UK bank is acquiring an undisclosed minority equity stake in Form3.
Singapore API firm Percipient raises $5m
The fintech plans to boost the deployment of its TWINNTM system.
From open banking to open finance
It’s only in 2020 that we see the quality, reliability, and range of APIs connecting to accounts that realise the regulators’ vision.
Disposable card issuer Privacy.com lands $10.2m
The start-up has issued around five million virtual card numbers.
Bond bags $32m from Coatue, Goldman Sachs and Mastercard
Bond’s offering is based on “developer-focused” applications.
FreedomPay partners with Barclaycard
FreedomPay activates its Commerce Platform solution for Barclaycard customers.
Five Spanish banks complete blockchain POC for interbank payments
The platform has programmed more than 20,000 instant credit transfers.
Meet OneBanks: the fintech picking up after banks’ branch closures
The start-up wants to create a bank-agnostic branch network.
Zambian mobile wallet Zazu launches virtual card
Zazu pivoted to digital banking in 2017.
LemonTree Software aims to disrupt back and middle-office systems
Its CCO speaks to FinTech Futures about the firm’s one-platform and auto-code approach.
Open banking: where you at?
There is still more to do, a lot more, and it heavily relies on banks’ cooperation.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
Canadian data aggregator Flinks lands $11.8m led by NAventures
The fintech is moving into wealth and expanding to the US.
Mastercard invests in long-term fintech partner Verestro
The fintech has worked with Mastercard since 2011.
National Bank of Pakistan modernises pool management
The upgrade “promises to set an industry standard for Islamic banking in the country”.
Overcoming challenges on the road to open banking success
FinTech Futures speaks to Rajashekara V. Maiya at Infosys Finacle about open banking.
How open is open banking?
If open banking was to deliver on its promise, the opportunity for growth would be enormous.
Infrastructure that gives you an edge: payments-as-a-service
The only technology model for future payments ecosystems.
Sopra Banking Software taps Tink’s data channel
Sopra Banking Software serves roughly 1,500 banks and financial institutions.
Australia’s big four welcomes start of open banking
ANZ, NAB, Westpac and Commonwealth Bank have all gone live with APIs.
Bud launches open banking solution for payments
CEO Ed Maslaveckas says aggregation is “least disruptive” part of open banking.
Mobile money gateway MFS Africa acquires Beyonic for SME play
The value of the acquisition has not been disclosed.
Resurs Bank’s new CEO prioritises open banking
The Swedish bank has roughly 6.2 million customers.
Why every company will soon be a fintech company
Why companies that have nothing to do with finance will get into financial services.
OBIE UK’s open banking body launches app store
The launch date was moved up because “open banking can make life easier in lockdown”.
Mastercard set to acquire Finicity for $825m
This follows a similar acquisition of Plaid by rival Visa in January.
Clearhaus provides payment rails for PaynoPain
Both firms entered the market in 2011 to bring APIs to payments.
Fintech start-up Synapse cuts 50% of full-time staff
It also signalled its intention to move more of its workforce to Texas.
IBM returns to M&A market with cloud acquisition
The acquisition is IBM’s first since its $34bn buyout of Red Hat in 2018.
What does survival of the fittest mean for fintechs in a post-COVID-19 world?
COVID-19 has already led to a shift in mindset for many businesses.
Open banking start-up truID raises funding to expand customer base
It has raised an undisclosed funding round to help build out its product.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
Reaping the real benefits of data sharing
Data sharing enables banks to more effectively serve customers across the lifecycle.
Santander to hire 3,000 IT workers this year for digital transformation
“They will be at the heart of our transformation,” says bank.
Former Diamond Bank CEO launches Nigerian start-up Sparkle
Sparkle already has a banking license from Nigeria’s central bank.
SaaS provider Bricknode buys Lendysoft lending platform
The acquirer wants to boost revenues by 25%.
DBS Bank launches real-time payments solution for India truck drivers
The bank partnered with the Transport Corporation of India.
