Aussie challenger Xinja lands $255m from Emirates’ World Investments
Xinja will receive the bulk of the investment over 24 months.
Banking
big xyt hires SocGen’s Richard Hills
Data analytics firm snaps up electronic equities trading man.
US non-bank financial firms push Congress for SME lending relief
Legislators are currently working on a bill which addresses small business loans.
Hong Kong’s first virtual bank opens its digital doors
Za Bank launches with incumbent-challenging interest rate.
Revolut heads stateside with US launch
The London-based unicorn expands to North America.
HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans
This is the first time HSBC will use third-party data to approve trade finance loans.
UK challengers Revolut and Monzo combat claims they are going bust
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Fronted, 11:FS and Credit Kudos create ‘Covid Credit’ for self-employed
Covid Credit uses open banking data to help the self-employed get income relief.
Finastra brings servers back online after ransomware attack
“A bad-actor was attempting to introduce malware into our network,” says firm.
World Bank issues $300m loan to boost Indonesian financial sector
International bank seeks to support Indonesian fintech and banks.
Goldman Sachs becomes part of SAP’s Ariba Network
More than 4.6 million companies make up the Ariba Network.
Path Solutions signs Somalian challenger MyBank for iMAL core
Path Solutions says it now has a “stronger focus” on the Somali market.
Cloud security in a post-GDPR world
An increase in cloud adoption leaves some interesting questions when it comes to data regulation.
HSBC’s $6bn structural overhaul under threat from COVID-19
The global bank may have to delay its plans if the contagion becomes a long-term issue.
ESMA relaxes MiFID II call recording rules in wake of COVID-19
The EU regulatory body recognises limitations created by the virus.
How smaller banks can take control of their role in the US open banking movement
Embracing open APIs offers plenty of benefits for financial institutions of all sizes.
How machine learning can power your business
It demands careful planning and a high-level understanding by all stakeholders.
Video: Top fintech stories this week – 20 March 2020
FinTech Futures’ weekly news round-up.
eBook: Tackling the data challenge for regulatory compliance in banking
Staying above the rising tide of banking compliance requires data. Download the free e-book for the in-depth insights.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Temenos and ClearBank team up for UK cloud payments
The partners will offer access to real-time payment services.
Appian unveils software to help banks operate amid coronavirus outbreak
The application is only available to companies with more than 1,000 employees.
Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
Mastercard set to propel bunq’s Green Card throughout Europe
The cards have seen a CO2 reduction of roughly 30.8 million kg so far.
Video: Hot-seat with Steven Marshall, CCO of Crown Agents Bank
He reveals how a legacy institution can stay relevant and adapt in this digital wave.
MatchMove applies for one of Singapore’s full digital bank licences
The company has teamed up with three other bidders.
HSBC confirms Noel Quinn as permanent CEO
He has held the job on an interim basis for seven months.
Disrupting small business banking
I think what we (business owners) really want is an experience driven bank.
Stress testing: Turning an obligation into an opportunity
Challenges can be mitigated through greater automation and enhanced data management.
Square lands conditional banking licence from FDIC
The bank will be based in Utah.
Neobank for America’s middle-class One lands $17m Series A
The 40-person challenger has opened early access to its private beta.
Bank of England dips into US repo to lend banks $15bn
It’s the largest sum the central bank has issued since the financial crisis.
Goldbell Financial Services picks Mambu to power debt investment
Singapore finance provider picks Mambu’s SaaS banking platform.
Penta lands $20.3m to help German and Italian SME
The round was co-led by RTP Global and HV Holtzbrinck Ventures.
Revolut launches accounts for under-18s in the UK
Only the children of Premium and Metal account holders will have access.
Iwoca launches lending platform to help banks and fintechs tap UK SMEs
The platform has already bagged Monese and Xero as a partners.
Daon to provide biometric authentication for digital bank Tonik
Tonik was founded as Southeast Asia’s first digital-only bank.
US Bank connects customers with Fiserv data solution
API-based service to aggregate US Bank customers’ data.
Commonwealth Bank of Australia admits to consumer protection violations
The Australian bank is set to be fined around AUD 5 million.
Cyber-incidents are on the rise: What can your firm do to defend itself?
Senior management should ask themselves five key questions.
