Goldman appoints Mathew McDermott as head of digital assets
An old-school banker takes a digital currency role at Goldman.
Banking
Currencycloud signs up Starling Bank for new multi-currency account
TranSwap, and Remitr have also signed up for its new multi-currency wallet.
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
Wirecard business partner reported dead in Philippines
Bauer’s company made up €291.4m of Wirecard’s 2018 profits.
Canadian neobank Koho seeks new CTO
Kris Hansen heads back to venture capital backers to build “new adventure”.
Russia’s Sberbank mulls over own stablecoin
It would operate under Russia’s new cryptocurrency law.
Russian neobank Tinkoff launches charity cashback tool
Users could already make donations manually via the app.
Islamic banks take the lead in adopting fintech solutions
No part of the world has really taken this matter to the next level quite like the Middle East.
US challenger Purple to tap America’s disabled community
The fintech allows users to receive disability benefits up to two days early.
N26 outed for 2019 data breach, employees ask for works council
Around 300 of N26’s 1,500 employees should have access to unencrypted data.
Starling Bank losses doubled to £52m
The company hired hundreds of employees and focused on attracting new customers.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
UK challenger sync. reveals £5.5m seed round
The fintech was forced to delay launch due to COVID-19.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
After divorce comes engagement for banks
For a bank to engage with a customer, they need to go beyond the initial request.
Financial comparison marketplace Crediverso to launch in US for Latinos
Currently in beta, the 2019-founded start-up is yet to go live.
Indonesian fintech Ayoconnect raises $5m in Pre-Series B funding
Firm reaches total funding of more than $10m with new round.
Global Payments signs cloud deal with AWS
The multi-year deal moves Global Payments systems into the cloud.
Greek fintech Viva Wallet officially becomes a bank
The Attica-based start-up acquired Praxia Bank’s banking licence on 3 August.
Grab launches micro-investment, third-party loan and BNPL offerings
The firm is further cementing itself in the financial services industry.
UK leads the way in Islamic fintech ahead of Malaysia and UAE
The UK is a notable eight ahead of second-place Malaysia.
Money20/20 finally calls off Europe and US shows
It specifically cites the friction with regards to travel and COVID-19 developments.
TD Bank extends 15-year partnership with TSYS
TSYS adds a few years to ongoing payments deal with TD Bank.
Galileo integrates with Plaid to simplify ACH transfers
The integration will streamline the initiation of ACH transfers.
IBM, Mizuho and MUFG join Japanese quantum innovation consortium
The Quantum Innovation Initiative Consortium aims to enable cooperation between sectors.
National Bank of Bahrain signs Infosys Finacle for transaction banking
The new deal is part of the bank’s ongoing digital transformation.
Google Pay to launch bank accounts in 2021 with flurry of partners
The US Big Tech announces another six of its banking partners.
Spanish challenger Bnext lands another €11m
The new capital adds to its already closed €22.5 million last October.
How can fintech rise to the new D&I challenge?
If they don’t believe they are part of the problem, nothing will really change.
Sokin picks Jumio to power customer authentication
Payments start-up praises Jumio technology.
Bank of Baroda credit card subsidiary picks Fiserv’s FirstVision
FirstVision will be deployed on an outsourced basis.
Thought Machine taps US market with North America MD job search
Cloud adoption in North America amongst major banks is still in its infancy.
Iwoca calls on banks and UK government to extend CBILS
The fintech has raised £100m in debt financing to extend its own support.
Timing is everything: launching a bank amid COVID-19
“We never planned to launch a bank during a global pandemic,” says the CEO of Monument.
Finndon commits £2m investment towards FCA authorisation
The challenger aims to launch in the first quarter of 2021.
Varo receives US national bank charter
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
Bank of England picks Accenture as RTGS renewal partner
Accenture comes out on top of a public procurement process.
Moneyfarm partners with Fabrick to expand open banking offerings
The pair plan to create a joint offering for customers in Italy and the UK.
