Revolut appoints new group chief risk officer Pierre Decote
Ex-Goldman Sachs, HSBC and Barclays execs have also been hired.
Banking
Brazil’s Pride Bank says it’s the first LGBTI+ bank in the world
Last year Brazil’s far-right president, Jair Bolsonaro, tried to stop LGBTI+ films.
How blockchain transforms banking and financial services
Who’s adopting this tech and what’s in store for it down the line?
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
BNP Paribas picks up stake in AssetMetrix
French bank plans to build out its private equity offerings.
Money20/20 USA: How Tangerine champions personalised digital banking with Meniga’s tech
From proof-of-concept to market launch, results, and lessons learnt.
Brazil’s digital bank Neon raises $94m led by General Atlantic
Neon currently has 2 million active users.
China’s Ant Financial is actively looking for Singapore banking licence
The Monetary Authority of Singapore (MAS) has five licences on offer.
HSBC set to replace investment banking chief
Samir Assaf, head of global banking & markets, expected to move to a non-exec role.
Barclays launches 2.0 finger vein scanner with Hitachi for businesses
The new handset is smaller than its predecessor.
The F word
Gender doesn’t make anyone a better hire. Women are there despite and in spite of it. And that matters.
ABN Amro live with Temenos payments tech in Hong Kong
Singapore and China are next on ABN Amro’s Temenos Payments roll-out list.
OP Financial chooses Nordic API Gateway for open banking
OP Financial is looking for partners focusing on CX, reliability and security.
Small business lender BlueVine banks $102.5m in Series F funding
The fintech now has $692 million in total funding.
HSBC’s US businesses can send real-time payments, bank launches global CX programme
The payments leverage the RTP network developed by The Clearing House (TCH).
Canada’s online brokerage Questrade plans banking licence
A trademark application was also filed back in October for Quest Bank.
Bank Mandiri selects Avaloq Banking Suite to consolidate legacy wealthtech
Major Indonesian bank wants Avaloq to power $14bn wealth division.
Askari Bank selects Finastra to boost trade finance operations
Pakistan-based bank selects Fusion Trade Innovation.
Amica emerges as latest challenger in Indian banking market
The neobank remains in stealth mode for the time being.
Ex-Virgin Money execs’ venture Snoop gets FCA approval
It can now receive financial data from banks as a registered third party.
UK mobile-enabled credit card Tymit raises £4m
Users can bundle abroad purchases into one big repayment.
Village Capital and MetLife Foundation selects 11 start-ups for MENA accelerator programme
Finalists from this cohort will receive grant capital totalling $50,000.
English law makes crypto assets property and smart contracts binding
Barristers from Twenty Essex, 3 Verulam Buildings and 4 Pump Court signed.
SoftBank confirms Yahoo Japan and Line Corp merger to create tech giant
The merger is in a bid to better position the companies against competitors.
Fraud reimbursement plan stalls with lack of industry consensus
Pay.UK calls on banks to come together and back creation of central fund.
Asian massage chair tycoon targets Singapore banking licence
Ron Sim is said to be in talks with Singapore-based investment company Temasek.
Sberbank CTO: Banks are ‘no less’ fintech than tech upstarts
“We [the banks] are fintechs,” says Sberbank’s CTO
Swedish neobank Northmill appoints new chief analytics officer from Swedbank
Georges Mansourati spent eleven years at Swedbank.
Explained: The ECB’s role in the banking licence process & UK’s licensing procedures
Cécile Sourbes unpacks the process of licensing in the UK.
Why has Lithuania become a key destination for licensing in Europe?
As part of its newly devised strategy, Lithuania put several tools in place.
Monzo’s COO quits to launch a grocery start-up
The departure of Foster-Carter is the latest in a few personnel changes at Monzo.
Japan’s elderly fight back against cashless wave
Tokyo wants to double the ratio of cashless settlements to 40% by 2025.
Bank Millennium to deploy OneSpan Cronto verification system
The Polish bank chose OneSpan after surveying its customers.
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Regional KYC utilities: Genesis of global collaboration on shared compliance platforms
Several countries are now adopting this model of a unified platform.
Libor’s demise set to rock the foundations of finance?
With greater protection comes considerable challenges and risks, none more so than with Libor.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
CSConnect 2019: Lloyds head says tech firms don’t get enough heat for banking app glitches
Lloyds head: “We’re either in this together or we’re not”.
Cardlay raises €9m in Series B funding and signs deal with Eurocard
Danish start-up aims for expansion in Scandinavia and beyond.
UBS boss fears Europe’s banks are ‘too small to survive’
Ermotti says it’s no longer a question of ‘too big to fail’.
