GoBear lands $17m to accelerate transition into “full-fledged” financial service
The fintech first launched in 2015 as a metasearch engine.
Banking
Dubai fintech Jingle Pay to launch digital banking in UAE
The start-up brands itself as a ‘Super App Neo Bank’.
JP Morgan to deploy Calastone tech for automated settlement
The partnership marks an industry first, according to JP Morgan and Calastone.
India among major markets to see increase in ATM usage over 2019
Research suggests ATMs are still popular tools for financial inclusion.
San Francisco neobank Aspiration raises $135m in Series C round
The socially conscious fintech plans further growth with cash injection.
Connect First Credit Union appoints former ATB exec as new COO
Wellington Holbrook promised earlier this year he wouldn’t be moving far.
Challenger bank Lunar partners with Danish esports firm Astralis
Denmark and Sweden lead European esports usage.
UBS to set up fintech venture fund to speed up its digitisation
The bank will make investments between $10 million and $20 million.
Hyundai Capital America goes live with Sopra’s Cassiopae
Californian captive finance firm completes 15-month project.
Unibank completes processing stage of TranzAxis migration
Azerbaijani lender is ploughing through a multi-stage move to Compass plus system.
How failure to embrace the cloud could be the end of Wall Street as we know it
This mindset betrays a fundamental misunderstanding of how cloud technology providers operate.
Bank of India selects Uniken REL-ID to secure digital channels
Two firms extend decade-long systems partnership.
Pacific National Bank launches digital challenger Facile with Nymbus
The bank is using Nymbus’ SmartLaunch technology.
The Bancorp announces release from consent order
Restrictions related to growth within The Bancorp’s Payments businesses are removed.
South Korea’s fintech sandbox lands $110m and creates 380 jobs
Fintechs can be exempt of regulations for up to four years.
Budgeting strategies for government stimulus payments
Suggestions for how households could maximise the impact of their payments.
Video: Top fintech stories this week – 22 May 2020
FinTech Futures’ weekly news round-up.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
Ecommerce platform Shopify to launch ‘Shopify Balance’ for businesses
The account offering will land in the US later this year.
Banking for kids fintech GoHenry unveils biodegradable card
The card is made up of 82% bio-sourced renewable materials.
Raisin launches deposit solutions for US banks and credit unions
The fintech wants to help US retail banks offer personalisation.
Brazil introduces open banking with UK fintech Ozone and TecBan
Phased implementation will start in November 2020.
Revolut Business integrates with Clear Books for UK users
Clear Book’s bank feeds will refresh four times daily.
Societe Generale tests digital euro with Banque de France
The bank hopes the test will pave the way for a more simplified market infrastructure.
Banking software solutions for home working
Co-browsing and client portal technology is making it easier for bank advisers to work from anywhere.
White paper: The Reconciliation Maturity Model
A blueprint for consolidating, automating and driving efficiency across reconciliations – and beyond.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
SoftBank’s Mayoshi Son compares himself to Jesus Christ on investor call
Son noted that Jesus was also misunderstood and criticised.
Silicon Valley Bank bags Santander chief exec as new UK COO
Prior to Santander, Patrick Flynn spent six years at Barclays as COO of its capital arm.
Money Dashboard appoints ex-PayPal CEO as new chair
Edinburgh-based fintech prepares for next growth phase.
OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services
The services will help develop APIs alongside evolving regulations.
Four EU banking bodies request one-year delay to T2-T2S consolidation
The consolidation is due to be completed in November 2021.
E-book: Are you using the best approach to verify customer identities?
Safely onboard more customers, supercharge your operations team, address identity AML & KYC compliance.
Banks investigate sales push linked to corporate loans
Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews.
Jack Ma resigns from SoftBank Group’s board of directors
SoftBank reported an annual operating loss of JPY 1.36 trillion ($13bn).
Former Sberbank employee to tap Europe with challenger Intruder
Payments will be able to work in messenger apps via a bot.
Indian neobank Walrus aims for teenage market
Newly launched bank wants to help teens learn about “bad world of money”.
WeChat to offer credit scoring to its 600m users
Th Big Tech will attribute “payments points” to determine a “trust” value.
Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist
Goldman Sachs, “weakening biz model” would “force a merger,” says Charles Gasparino at Fox Business.
Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos
Technology vendor also reveals 13 go-lives for Q4 2020.
