Mambu raises €110m to hit €1.7bn valuation
Cloud core banking vendor has raised over €150m since launch.
Banking
Lloyds & Santander among major banks struggling with online security
Lloyds and Santander also fell behind NatWest, Nationwide, Metro Bank, and Virgin Money.
FCA: Thousands of financial firms risk failing as pandemic persists
Payments and e-money firms experienced an 11% decrease in available liquidity.
Standard Chartered goes live on Cobalt brokerage platform
Major bank signed up to Cobalt’s network last year.
CODE Credit Union implements Symitar’s Episys with MDT
The conversion occurred entirely virtually.
Customer service start-up Glia lands $78m to help banks and credit unions
The round was led by Shopify and Checkout.com backer Insight Partners.
Mizuho Americas deploys Fenergo tech for automated client onboarding
Mizuho plans a global rollout of Fenergo systems afterwards.
African-American-owned Citizens Bank selects CSI for core banking
NuPoint is a fully integrated core banking solution.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
N26 finally lands licence to operate in Brazil
The country’s central bank has granted it a SCD licence.
TagPay to boost its systems with €25m investment from Long Arc Capital
New York-based private equity firm takes majority stake in core banking vendor.
JP Morgan in talks with China Merchants Bank over another wealthtech venture
JP Morgan already holds a majority stake in a Chinese venture.
Lock up your innovation department
Perfect the art of incremental business improvements in the cheapest and most efficient ways, before the competition.
PayPal investment lands SME fintech Divvy with unicorn status
The start-up announced a $165 million Series D funding round.
Arab Investment Bank picks fresh batch of Temenos solutions
Egypt-based bank adds to existing portfolio of Temenos products.
UK challenger Cashplus buys icount’s current account portfolio
“I remember acquiring our first cardholder,” says icount founder.
HSBC signs multi-year AML partnership with Polish fintech Silent Eight
The bank’s global compliance division will deploy the Silent Eight’s resolution alert system.
San Francisco challenger Oxygen raises $17m in Series A
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
Israeli remittance fintech Rewire targets one million customers by end of 2021
Rewire currently boasts more than 200,000 European accounts.
UK challenger B-North raises £250,000 and signs deal with Channel 4
Channel 4 signed an advertising-for-equity deal.
Santander: Digital lenders have unfair regulatory advantage post-pandemic
“The pandemic will only entrench the digital players,” says Botín.
Oxbury plans 2021 launch after fresh £15m injection
Challenger bank for farmers receives investment from Duke of Westminster’s estate.
China’s central bank issues Ant Group ultimatum after blocked IPO
The Peoples’ Bank of China wants Ant to overhaul its business or face the consequences.
Jamaican central bank plans electronic payments regulation revamp
Jamaicans sent $4 billion in electronic payments in 2019.
What the Fintech? Season one | Fintech Jail
Here’s a list of all the buzzwords in our What the Fintech podcast game, “Fintech Jail”.
2020 in review: Top core banking stories
We run down the most interesting core banking stories from this year.
2020 has been the year of change, including EMTs
European MiFID Template (EMT) 1.0 is moving to EMT 3.0.
2020 review: A year which saw fintechs cut jobs, pay & business arms
A number of fintechs have still been tested during COVID-19, some to the brink of collapse.
Independent broker-dealers: keep reps and build on fund-family partnerships
Let’s get the lay of the land with a quick industry-evolution review and where it’s left IBDs.
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
QR Codes: will COVID-19 be the great global equaliser?
Across China QR codes are already ubiquitous, and the pandemic only accelerated user adoption.
10x Future Technologies eyes $100m in Series C round
Its founder has hired financial advisory group, Lazard, to oversee its funding round in 2021.
Barbados to implement real-time banking
The government has been working with the credit union movement to move things along.
2020 review: 10 largest bank job cuts this year
This year has seen several job cut announcements.
Denmark to join Eurosystem’s Target2 payment platform
T2 would then include the Danish krone by November 2025.
FCA makes major changes following LCF and Connaught review
Firms that have not used their regulatory permissions for the last 12 months are at risk of having it revoked.
Banks and bad actors: the race to digitally adapt
Financial services are far from reaching a “new normal”.
SoftBank aims to raise $525m with Spac IPO
Goldman Sachs Group and Citigroup are managing the deal.
2020 review: Top 10 fintech and bank M&A deals
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
Modernising through legacy tech: powering the next wave of fintech innovation
It’s clear that mainframes are the ideal solution for fintech enterprises.
