PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
Banking
COVID-19: Highlight of the week
We focus on one particular coronavirus news item affecting the fintech industry.
DIFC dips into $100m fund to invest in four start-ups
The Dubai-based innovation centre plans for Series A injections to come.
US digital banking rules could change as OCC calls for input
But the regulator is not considering a national bank charter for fintechs.
Mambu partners with VeriTran to create digital banking solutions in LatAm
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
Singapore develops “fairness metrics” for AI adoption in finance
The metrics will inform credit risk scoring and customer marketing.
JCB to deploy FIS Payment One switching and acquiring platform
The payment scheme is planning to enable QR payments for more customers.
The financially excluded – it’s not just who you think
In the UK, up to 8.8 million people are over-indebted.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
Onfido takes UK one step closer to digital ID
The fintech’s sandbox is regulated by the FCA.
CaixaBank signs cloud management deal with IBM
The two firms have worked together since 2011.
UK e-commerce bank start-up YAN set to launch in October
The fintech says it will donate “at least” 10% of its revenue to charity.
Taiwanese challenger Next Bank to launch this year on Temenos
Chunghwa Telecom owns a 41.9% stake in Next Bank.
BNY Mellon plans Singapore FX engine in partnership with MAS
The announcement is part of the bank’s strategic expansion into the Asia Pacific region.
Landesbank Berlin to develop commercial card programme with SIA
German bank will launch co-branded accounts using SIA platform.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
BNP Paribas Fortis signs up Worldline for WL Contact system
Belgian bank looking to improve contact centres with Worldline system.
Monzo cuts 120 jobs in its UK head office
The redundancies account for roughly 8% of the start-up’s workforce.
Omega Federal Credit Union deploys Episys on the cloud with MDT
Pennsylvania credit union looks for flexibility with new system.
Why Raiffeisen Bank is taking digital currency into its own hands
The bank is working with Billon to build its own tokenisation platform.
Santander deploys ThetaRay’s AML solution for correspondent banking
The roll out of ThetaRay’s solution across Santander began in Q4 2019.
DBS Bank launches real-time payments solution for India truck drivers
The bank partnered with the Transport Corporation of India.
Varo raises $241m Series D with new investor Gallatin Point Capital
To date, the fintech has raised $419.4 million.
On getting a job, but finding love. Every bloody time.
I don’t know how to not care.
Nubank soars ahead with 25m customers
In Q1 of 2020, Nubank acquired 42,000 users each day.
Norway’s Husbanken selects Temenos Transact
The Norwegian state housing bank replaces legacy tech with Temenos.
Tink lands second strategic investment from PayPal
As part of the deal Tink will cover all countries in EEA for PayPal.
Earnings on demand fintech Hastee rolls out Visa debit card
“Users visit our app on average one and a half times a day,” says CTO.
Breaking down challenges for challenger banks with Ohpen
“It’s not just about a sexy frontend or onboarding,” says CCO.
New international banking platform Cpay.uk launches
Cpay.uk aims to provide an alternative to what it calls “heavily regulated banking”.
Goldman Sachs says crypto is “not a suitable investment” on invite-only call
Bitcoin reclaimed its $10,000 territory on Monday.
Appway raises $37 million in equity funding from Summit Partners
Lifecycle management firm secures first external capital raise.
What steps should merchants take to comply with SCA on time?
Merchants need to make sure they have implemented support for EMV 3DS.
ComCard aims to challenge US corporate banking with rewards-based card
The Los Angeles-based challenger aims to “simplify” financial management.
Ugandan multi-currency wallet Eversend crowdfunds $706,000
The start-up has issued 8.74% in equity to investors.
Financial text message platform Stackin’ lands $12.6m
The fintech says it has more than one million subscribers in just one year.
Open banking fintech Belvo lands $10m for Brazil expansion
The firm is also looking to hire between 40-50 new developers.
Metro Bank appoints new CTO from Nationwide
The high street challenger bank wants Martin Boyle to help lead it back to growth.
Mambu snaps up MD for North America arm from Finastra
Johanna Pugh spent four years at core banking provider Finastra.
bunq’s banking app gets a ‘swiss army knife’ style revamp
The “new-look” ‘bunq V3’ banking app is in beta.
