Dave Banking launches checking account
The new US challenger bank offers interest-free advance and opportunity to build credit.
Banking
Token lands $16.5m funding round
It will use the funds to build on its TokenOS open banking platform.
Growth Street receives £10m funding round
Funds will be used to transform the business overdraft.
Bottomline partners with Starling to provide real-time payments
Banks and corporates sometimes struggle accessing the Faster Payments Scheme.
Video: fintech news weekly round-up – 18 June 2019
This week, the FCA makes a return with pro-consumer rules!
Five winners in latest RBS-derived funding round
The fourth entry in the Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package.
Lloyds first to launch open banking app for credit cards and savings
The banking group has also added a secure 24-hour messaging service.
Canada’s Stack teams up with Payment Source
The partnership aims to target millennials.
The case of TSB and the importance of safeguarding banking cyber infrastructure
The security of online banking infrastructure is of pivotal importance.
Chip Mong Bank picks Compass Plus to support Cambodia launch
Compass Plus provides an ATM cash-by-code service.
National Bank of Pakistan turns to Autosoft for Bahrain operation
Autobanker Premium, the latest version of the supplier’s core banking system, will be at the heart of the project.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
CGI makes £78.9m all-cash offer for SCISYS
The deal would expand CGI’s reach in European space and defence markets.
CallVU teams up with Banca Transilvania to boost mobile banking
It will give customers card control to block transactions or modify transaction limits.
New user in Libya for Oracle’s Flexcube core banking system
EXCLUSIVE: Greenfield bank Yaqeen Bank signs for front-to-back office tech from Oracle FSS.
Trustly to merge with PayWithMyBank
Trustly and PayWithMyBank will combine into a global payments entity with revenues of more than $120 million in 2018
Challenger banks in Canada: who’s who and what’s their tech
A comprehensive list of challenger banks and banking services in Canada and the tech they are using.
Bento unveils Venmo-style digital payment solution for SMEs
Bento Pay will only require the payee’s email address in order to send payments.
JP Morgan extends partnership with AccessFintech
This is the first custodian to collaborate with them on real-time transparency.
Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
Retail banks ignore social media data at their peril
Social media is a valuable and largely untapped source of data for the banks.
Tinkoff launches Oleg, a financial and lifestyle AI
Tony Stark’s, Jarvis, may have some competition.
Brex raises $100m to reach $2.6bn valuation
In an extension to a Series C round launched in October.
Symphony goes global to the tune of $165m funding
Standard Chartered, MUFG and other existing investors participated in the round.
DNB extends investment in new 11:FS platform
The Norwegian financial services group will also implement 11:FS Foundry.
Interview: Dan Makoski, Lloyds Banking Group – grand designs
“Design, like technology, is a strategic superpower that can be used to do incredibly bold things.”
In defence of bankers
A new kind of banker is emerging. Less arrogant. Less entitled. More ethical and informed, tech savvy and less greedy.
Länsförsäkringar Bank completes TCS core banking implementation
The new solution is expected to enable flexibility in services and pricing.
The real-time data conundrum facing banks
Unlike digital natives, incumbent banks are stuck with legacy systems. But are these firms ready for change?
Paytech Verrency raises $6.9m in funding
The Aussie fintech will use the funds to fuel the company’s international reach.
ABN AMRO invests in Israeli data analytics firm Thetaray
The financial details of the deal have not been disclosed.
Commercial banks are joining the API revolution
Ultimately, the power of APIs is not in the technology but in the vision behind that technology.
UniCredit enhances invoicing service with FinDynamic partnership
The fintech offers ‘dynamic discounting’.
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
ABX wins approval for crypto asset exchange and custodian
The exchange has its eyes set on bridging the gap between the MENA region and the rest of the world.
World Bank picks Murex for treasury
It is understood to be replacing Finastra’s treasury system.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
FCA tackles overdraft rules on new consultation paper
It proposes more transparency for better customer experience.
New Indian challenger Payzello launches
The fintech doesn’t have a banking licence – yet.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
