Triggers and obstacles to the development of the fintech sector in Poland
A deep dive on the benefits and challenges of the banking and payments landscape in Poland.
Banking
Penta co-founder gearing up new venture Relio for Swiss SMEs
Relio is currently in the swings of applying for a fintech licence.
Santander launches Prosper open banking-powered PFM app
Roll-out of Prosper has already started in Denmark.
Leek United Building Society extends Sopra partnership
Building society to shift its Sopra system to the cloud.
Dirty little secrets and RFPs
Reshape procurement, the process, the risk matrix, the articulation of business value and your sordid office politics.
Dear Luc: What marketing pitfalls should I avoid?
Some fintechs are getting caught out by the regulators when using terms like “banking”.
Tide thinks bank data fees could speed up the UK’s open banking adoption
The sector has long felt divided over the progress of open banking adoption.
Corporate banking’s biggest challenges in 2021, and how to solve them
Three key areas of focus are cash management, working capital, and trade finance.
Visa pilots US stablecoin with Crypto.com to settle transactions
Other incumbents have moved to support cryptocurrency too.
Commerzbank signs five-year Google Cloud deal to migrate banking apps
“Google will now offer the bank a deeper set of platform services”.
US crypto bank Avanti raises $37m in Series A funding
The new cash goes toward capital requirements.
Minna Technologies powers subscription services at Banco Sabadell and ING
Two European banks launch new digital products with the Swedish fintech.
Webinar: Preparing for open finance – the next step in the open banking journey
How to successfully position your firm in this new era of innovation.
Digital challenger Minna Bank to launch in Japan by May
Minna will offer both consumer-facing and white labelled products.
SEC launches voluntary inquiry into US Spac craze
This year alone has birthed eight lawsuits against US Spac deals.
Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext
The blank-check firm has already sold 41.5 million shares at €10 each.
Fiserv acquires US processor Pineapple Payments
It is expected to close by the end of Q2 2021.
Video: Top fintech stories this week – 26 March 2021
FinTech Futures’ weekly news round-up.
ICYMI funding round-up: Meniga, Recharge.com, Hala, Zaver & more
Plenty of deals this week to be summarised by FinTech Futures.
Major US banks invest $40m in Black-owned challenger Greenwood
Backers include JP Morgan Chase, Citi, and Bank of America.
Aussie fintech Airwallex lands $2.6bn valuation with $100m raise
Airwallex is currently expanding into Asia, the UK, and – most recently – the US.
Challenger Oyster Financial launches credit offering for Mexico’s SMEs
Instant credit will range from $500 to $1,500.
Santander announces 111 UK branch closures as consumers go digital
The bank says all 840 affected staff will be offered new roles.
FCA plans whistleblower support with new campaign
UK regulator to provide greater help to those willing to come forward.
Feedzai lands $200 million in Series D funding to reach unicorn status
Risk management firm lands its largest round so far.
Luminor Bank selects FIS Ambit Focus for risk management
Estonian bank aims to optimise its liquidity and manage risk.
SoundCloud exec BianRosa joins N26 as new CPO
BianRosa will lead all product teams for the challenger globally.
Gerlionti pick Nets to underpin launch of GerliPay
Nets is providing card management and processing services for the new app.
Former HSBC exec Maguire joins UK regtech Napier
Maguire takes up a position as an advisory board member at the firm.
Jumio raises $150m in private equity investment
Firm lands “largest funding round” of the digital identity space.
Heartland Credit Union selects KeyStone as new core system
The bank says it picked KeyStone as the heart of a new technological change.
Danish challenger Kompasbank lands banking licence
The neobank aims to target the SME sector in Europe.
SEB signs Google Cloud partnership extension
SEB to deploy Google services across wider segments of the bank.
Indiana-based fintech Zoro Card builds credit through a debit card
The fintech focuses on those disproportionately affected by insufficient credit histories.
OakNorth Bank lands £77.6m pre-tax profit despite COVID-19 provisions
The fintech lender’s total assets now sit at £3.1 billion.
Banque Saudi Fransi upgrades treasury systems with Finastra
Saudi Arabian bank goes live on new version of Finastra platform.
65% of UK financial institutions miss Treasury’s gender representation targets
Firms blamed targets for being “too ambitious”, and the impact of COVID-19 on hiring and pay.
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
Pollinate secures $50m Series C funding for US expansion
UK firm has raised $218 million to date.
Deutsche Bank and TIS sign treasury deal
The pair will work on multi-bank services for treasury and finance.
