Merchant payments fintech Primer raises £3.8m
The newly-launched fintech has secured investment from Balderton Capital.
API
Fintech Dapi takes on MENA’s scattered open banking landscape
“The region is super scattered,” says co-founder, Mohammed Aziz, regarding open banking regulations.
How to future-proof your business payments in the age of open banking and API solutions
Let’s dive into the ‘HOW’ of this innovation that has made payments simpler and far more secure.
Leon Muis of YTS: “Open banking paves the way for open finance & open data”
Yolt’s chief business officer unpacks his thoughts on Brexit & the future of finance.
TransFICC lands £5.75m from AlbionVC, ING and HSBC
Existing backers inlude Citi and Commerzbank.
Open banking will rival the spreadsheet in accountancy, says roundtable
“It will give firms what they’ve longed for – real-time understanding of the figures.”
Owning customer relationships is a key priority for banks in the era of open banking
The number one concern, unsurprisingly, is ensuring online security.
Currencycloud among first non-bank firms to offer Swift gpi payments tracking
TransferGo, Penta and Money Mover were early participants in the pilot programme.
ING-backed Yolt app plugs into American Express
YTS said it was processing 14 million API calls on average per week.
Yemen’s Al Kuraimi Islamic Bank selects Temenos for digital banking
KIB currently serves 1.2 million customers.
Nordic API Gateway lands $5m from Danske Bank and DNB
The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.
Challenger Zelf to launch banking offering solely through messenger apps
“We have migrated into the top screen time for Gen Z’s and millennial’s,” says founder.
World Fintech Report 2020: “Traditional banks are at a critical juncture”
“They must embrace Open X or risk becoming irrelevant,” says John Berry, CEO of Efma.
Snoop launch a month early “to help households during coronavirus”
The fintech is headed by ex-Virgin Money CEO Dame Jayne-Anne Gadhia.
PayTech Awards deadline extended! Submit your entry by 30 April
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
Currencycloud strikes FX partnership with Derivative Path
Partnership will see both firms combine their systems.
Revolut and open banking – what’s the big deal?
The announcement from Revolut should be seen as a must win gamble.
Video: Top fintech stories this week – 10 April 2020
FinTech Futures’ weekly news round-up.
Top 10 coronavirus initiatives by fintechs
Many fintechs have used this pandemic as an opportunity to show their mettle.
Consumer fintech SoFi to acquire Galileo for $1.2 billion
Both CEOs say now is “the right time” for this deal.
Why this fintech start-up turned to an open source database strategy
The strong open source community around the database gives us confidence for the long haul.
Funding Options plugs into open banking with 20 lenders
The firm wants to cut down loan decisioning times amid coronavirus urgency.
API builder Yapily lands $13m Series A
The capital raise was led by Revolut-backer Lakestar.
Transforming corporate treasury: What lies ahead and what is the impact of Swift gpi?
For many years multinationals and others have struggled with cross-border payments.
UK fintech Tully helps distribute COVID-19 payment relief
The fintech wants to reach two million people in its first eight weeks of launch.
Banking industry publishes EU payments plan post-coronavirus
The paper puts a heavy emphasis on instant payments.
PayTech Awards deadline extended! Submit your entry by 10 April
Premier awards for banks, financial, payment & e-commerce institutions, paytech vendors, individuals & teams!
VTB Bank registers new big data company with Rostelecom
The joint venture will be accessible via an API to “all interested market players”.
JP Morgan vs fintechs: Who really owns your data?
The bank gave fintech firms a choice: abide by data access rules or get out.
Plaid and Microsoft partner to turn Excel into a fintech app
“One of the earliest forms of ‘fintech’ is a budgeting spreadsheet,” says Plaid.
UK auto-saving app Chip lands authorisation from FCA
The app has seen an influx of savers using its platform as of late.
Russia’s PM introduces new bill for fintech sandboxes
These new sandboxes will be subject to lighter regulations.
Survey: Corporate Banking & APIs – the state of play
Are there concrete API plans and strategies in place? We’d greatly appreciate your input in this survey.
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.
Will Asia’s Big Tech European expansion stick?
Asia’s mega funding rounds make Europe’s look like child play.
How smaller banks can take control of their role in the US open banking movement
Embracing open APIs offers plenty of benefits for financial institutions of all sizes.
Temenos and ClearBank team up for UK cloud payments
The partners will offer access to real-time payment services.
TransferWise teams with Alipay in latest Asian expansion
TransferWise customers just need the recipient’s name and Alipay ID.
Iwoca launches lending platform to help banks and fintechs tap UK SMEs
The platform has already bagged Monese and Xero as a partners.
Agora Services lands $2m in seed funding
The founder previously built French digital bank Fortuneo.
