CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
Banking
MoneyGram hits back at consumers and investors
The paytech company says it “can’t make everybody happy”.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
booyah! bank blasts off in US
It’s backed by FDIC member, Surety Bank.
New US banking service launches for international students
The account is designed to make life easier for new arrivals.
N26 officially launches in the US
The challenger bank has also introduced a new sub-accounts feature.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Student lender MPOWER secures $100m from Goldman Sachs
Goldman Sach’s total loan financing capital for MPOWER is $200 million.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Tink tells NCA companies “are not ready” for PSD2
The letter also asks for “stronger industry collaboration” with TPPs.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
A banker goes a-banking, volume 5: the gift that keeps on giving
The helplessness. The fear. The rage. And the shame.
JRNI closes $6m Series C extension and appoints new CTO
The new capital will go to US acceleration and European markets.
Natwest, Tesco, RBS and Nationwide experience banking IT outage
Customers couldn’t access credit card information with monthly bills imminent.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Banque Morval and Intesa Sanpaolo unite on Avaloq’s core banking tech
The project took nine months to complete.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Banco Galicia chooses Strands for mobile banking
Strands technology will become “a tool for financial education”
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
Data Action wins core solution deal with Greater Bank
Greater Bank hopes the new partnership will prepare it for the open banking era.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Video: fintech news weekly round-up – 16 August 2019
Some of this week’s news, in video format!
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
Curve launches first crowdfunding campaign
Investment opportunities will start from £10.
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
