Avaloq extends Actico partnership to integrate compliance tech
Swiss technology vendor to embed compliance solution into its platforms.
Banking
VibePay opens up APIs to SMEs, lands £1.25m funding
Originally planned for Q3 of 2020, the fintech brought the launch forward
On making your bed and having a future
Giving the people who are building your future a reason to believe in you and your right for a future is survival.
PayTech Awards deadline extended! Submit your entry by 30 April
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
Kyckr extends Citigroup regulatory compliance deal
“There is no better referral than within an existing organisation,” says CEO.
CaixaBank and Global Payments create prepaid card under MoneyToPay brand
Global Payment’s Netspend president Kelley Knutson will head up the venture.
Singtel’s NCS and NETS to develop electronic payments platform for central banks
The firms will also create a “next-generation” suite of central banking products.
Four US credit unions pick Bankjoy for online banking
Four credit unions holding combined $724m in assets select Bankjoy’s systems.
OakNorth bags Modern Bank as second US customer
Modern Bank is a delegated lender under the CARES Act.
Square, PayPal and Intuit QuickBooks approved to hand out SBA loans
“This is a race to save jobs in the present and for the future,” says PayPal.
Indian challenger-to-be Jupiter raises $2m in venture funding
The new round comes as a top-up to a $24m injection from November 2019.
Four new UK lenders get approved to issue coronavirus business loans
These lenders are yet to set a date by which they can start accepting CBILS applications.
Sizing up the financially underserved market
There may be an even bigger opportunity for innovators to provide higher-quality financial products.
Chinese tech giant Huawei to launch new consumer credit card
Chinese manufacturer borrows a selection of Apple Card features for new product.
Visa invests in open banking platform Railsbank
The regtech firm gained extra capital from Japanese VC Global Brain.
Women-only neobank Elas to launch in Brazil
Elas was officially founded in January this year.
Finantix finalises acquisition of Swiss AI firm InCube
InCube will be brought into the wider Finantix portfolio.
Nordea helps suppliers to get paid early amid coronavirus
Suppliers will benefit from “several hundred million euros” early.
Barclays’ top bosses give up a third of their paychecks for six months
Donations by all three executives will also be matched by the bank.
Minna Technologies pilots subscription management for RBI’s Tatra banka
The pilot is part of RBI’s ‘Elevator Lab Programme’.
Revolut and open banking – what’s the big deal?
The announcement from Revolut should be seen as a must win gamble.
COVID-19: Weekly wrap
FinTech Futures’ weekly coronavirus news wrap.
2020 Review: Top 10 core banking go-lives this quarter
Looking back at some of the most interesting core-banking go-lives this quarter.
2020 Review: Top five outages, data breaches & cyber-attacks this quarter
Reflecting on some of the most topical outages & cyber-security attacks this past quarter.
2020 Review: Top 10 funding rounds this quarter
A look back at some of the biggest investments this past quarter.
Video: Top fintech stories this week – 10 April 2020
FinTech Futures’ weekly news round-up.
Top 10 coronavirus initiatives by fintechs
Many fintechs have used this pandemic as an opportunity to show their mettle.
Top 10 coronavirus initiatives by governments and regulators
A brief overview of how governments and financial regulators have reacted to coronavirus.
Chime pilots instant $1,200 stimulus check payments
The US government plans to distribute stimulus checks from 13 April.
US Federal Reserve pours $2.3 trillion into financing economy
“This funding will assist households and employers of all sizes,” says the Fed.
China calls on banks to lend more aggressively to small businesses
Analysts say cheaper loans will help the broader Chinese economy weather the current slowdown.
French markets regulator backs extension of short-selling ban
“I would probably be in favour of extending [the ban],” says chairman of the AMF.
RBS axes 130 jobs from investment banking arm despite coronavirus uncertainty
Trade unions have criticised RBS’ choice to lay off workers amid the crisis.
HSBC reports money laundering breaches in Australia subsidiary
The breaches involved small amounts of cross-border foreign currency transactions.
Fintech Neat lands $11m to help SMEs trade between Asia-Pacific and Europe
The fintech landed Visa as an investor and new card partner.
Transformation in a post apocalyptic world
How do we ensure we are in a better place to serve, deliver, survive in the next Black Swan event?
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
US-based Customers Bank adopts OakNorth’s lending platform
The US bank holds $11.5 billion in assets.
Judo Bank lands $307m from government to support SMEs
“This is a really substantial additional signal of support by the government,” says co-CEO.
Fifth Third Bank plans 1,000 new roles for COVID-19 jobless
The US bank is hiring across retail banking, mortgages, and operations.
