How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
Banking
FinovateEurope: Nasdaq’s behavioral sciences head says AI can be “nonsense”
“People talk about AI as if it can solve anything, but it isn’t the only answer.”
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
FinovateEurope: RBS head says bank has “turned a corner” in its innovation culture
“Our approach historically [to innovation] was the wrong one,” Broadbent admits.
Varo Money enters final stage of becoming nationwide bank
Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).
Banks’ compliance heads trapped between regulations and cutbacks
Governor Software CEO says investment in compliance technology is crucial.
Credit Suisse spying scandal forces out CEO Tidjane Thiam
The bank loses Thiam to protect its reputation.
OakNorth CIO: UK success means European banks take us seriously
OakNorth says it has £2.3 billion in the pipeline for 2020.
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Supplement: FinovateEurope 2020
Read our free FinovateEurope Supplement, packed with fintech goodness!
Where do Gen Zs draw the line on data?
Gen Zs draw the line on data according to convenience and the ‘fear of being left out’.
PSD2 turns two: Where do we go from here?
Break out the birthday cake as the Second Payments Directive (PSD2) just turned two!
Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
Starling Bank raises £60m from existing investors Merian and JTC
The round brings the neobank’s total funds so far to £323 million.
WhatsApp Pay to launch in India with initial 10m users
Facebook-owned firm plans a full roll-out this year.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Rabobank spins out SurePay as independent company
Payments firm hailed as innovation success story.
Fintech in the next decade: The intersection of what’s possible and what people want
Before we start to look at what the next 10 years hold, it’s worth taking a quick look back.
There is no ‘one-size-fits-all’ approach in the ongoing fight for greater diversity
We should never lose sight of the ‘why’ that lies behind the lack of diversity in British businesses.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
From data to decisions: The rise of AI in retail banking
But first, banks need to de-silo their data and create a single data universe.
Fintech M&A: Prioritising growth and resilience
There is still runway for further consolidation.
An evolution in the world of trading
Traders are extremely bullish about the potential of digital assets and crypto-products.
PaySend and JS Bank create freelancer-focused wallet in Pakistan
Pakistan is the fourth fastest growing global economy for freelance worker revenues.
Standard Chartered signs Infor Nexus trade finance deal
Bank to offer Infor data matching service to clients.
German government proposes digital law over competition fears
The proposed clampdown targets anti-competitive behaviour by digital platforms.
Deutsche Bank and SimCorp extend Dimension partnership in Asia Pacific
14-year fund services collaboration extended.
British & European fintechs set sail for the US
A wave of British and European fintechs are seeking a foothold in the US finserv market.
Appy days for Jibun Bank
Jibun Bank won several awards for its uniqueness.
Bank Assafa goes live on iMAL core banking system
Moroccan bank goes live after 18-month implementation period.
Aussie neobank Xinja hits $100m in deposits after 19 days
The challenger expected to do $120 million in deposits in a year.
Azimo nabs €20m funding from European Investment Bank
Money transfer firm will use funding to boost European expansion.
US challenger Bask Bank launches with AA miles saver scheme
Customers get one ‘AAdvantage’ (AA) mile for every dollar they save.
On financial literacy: Fintech can be the key to future-proofing the UK economy
This stems from the lack of basic financial education or applied maths in schools.
NewDay, new opportunity
NewDay improved functionality by bringing digital acquisition & servicing in-house.
Work life imbalance
Let’s hear it for imbalance. Being on the back foot is when you can kick the hardest.
20th Banking Technology Awards Supplement
A golden celebration of excellence and innovation.
RBS neobank Bó reissues cards due to authentication issue
The post cites “new” regulations which came into force last September.
Top executives at SoftBank’s $100bn Vision Fund set to leave
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
