Japan Post Bank stays Earthport bound for payments push
To deliver cross-border services across North America and Europe.
Banking
Standard Chartered hit with $4.8m fine for AML and CFT breaches
Risk management and controls were “unsatisfactory”.
Bank of England chief claims cryptocurrencies kind of cool
He’s changed his tune.
Metro Bank in shout out for “walk out trading” service
Will allow businesses to accept debit and credit card payments as soon as account is opened.
BBVA doesn’t hide “invisible payments” strategy
Bank is developing payment methods based on biometrics to make checkout at stores “invisible”.
New Pelikin app fits the bill for globetrotting millennials
The start-up is looking for investment on Australian equity crowdfunding platform Birchal.
Absa takes payments shot with Sling Pay
South African bank unveils new app that allows users to send money, data and airtime.
N26 raises €110m and eyes US expansion
German mobile challenger bank will also consolidate its presence in Europe.
BMO launches banking chatbot with Finn.ai
The new chatbot – BMO Bolt – is available via Facebook Messenger.
Standard Chartered unveils group’s first-ever digital bank in Africa
The pilot location for the new digital bank is Côte d’Ivoire.
Top fintech stories this week – 16 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Infographic: the importance of face-to-face banking
Technology might be proliferating, but customers still value personalised service above all else.
Ant Financial invests $184.5m in Telenor Microfinance Bank
Ant Financial now owns a 45% stake in Pakistan’s Telenor Microfinance Bank (TNB).
Interview: Harrie Vollaard, Rabobank – the key to building a successful digital agenda
Banks need to ask themselves whether they are flexible and sensitive enough to adapt to the rapidly changing context.
BNP Paribas Fortis and Tink team up for mobile banking
BNP Paribas Fortis will incorporate Tink’s technology into its mobile banking apps.
Ziraat Bank launches proprietary mobile wallet
Bankkart Mobil was built by Ziraat Teknoloji, VeriPark and MagiClick Digital.
solarisBank in €56.6 million funding round
BBVA, Visa and ABN Amro are among the new investors in solarisBank.
Chetwood Financial lands £150m investment
Elliott Advisors will invest up £150 million in UK challenger bank Chetwood Financial.
Top fintech stories this week – 9 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Opportunity cost and the gender pay gap: the market value of decency
It’s not about women or money. It’s about what hiring and rewarding with integrity does for your business.
Pressing for progress for women in finance
We are finding a remarkable determination to reject the status quo and to press for progress.
Ditto teams with Bankable for UK Faster Payment Scheme API access
“A step in the right direction to help Ditto towards its ambition of becoming a borderless bank.”
International Women’s Day: leading the fintech charge
It’s important not to lose sight of your ambition – no matter what industry you’re in.
Challenger bank Atom raises £149m
The latest funding round includes £85.4 million from Atom’s existing investor, BBVA.
Orange Bank turns to IBM Watson for virtual advisor tech
Orange is brining “unique customer experience” with its new virtual advisor, Djingo.
Banpro launches Finn.ai’s first Spanish-speaking virtual banking assistant
Banpro’s new chatbot, created by Finn.ai, available via Facebook Messenger.
Amazon checks out JP Morgan over checking accounts product
Don’t be an Amazon worrier – this is a potential opportunity.
New customers drive Avaloq to record 2017 revenue
Swiss core banking vendor reveals record revenue of over $584.4m.
UK’s Yorkshire Building Society goes live with nCino for lending ops
US vendor nCino gets second client in the UK.
India’s government looks for flexible fintech
Nation seeks to promote financial inclusion and make regulations more flexible.
BBVA unleashes “world’s biggest fintech competition”
There is a €150,000 prize fund for the overall winners.
Third of UK customers ready to trust tech firms with bank account
Customers happy to sign over access to their financial data to “trusted” tech companies.
Bank of England guv’nor gives cryptocurrencies grief
BoE-ring! Carney joins critical-of-cryptocurrencies crowd.
US Fed preps for next phase of payments push
All part of Fed’s ambition to revamp nation’s payments system by 2020.
Nesta offers £2.5m prize fund for fintech start-ups
Applications are open for next phase of its “Open Up Challenge”.
Top fintech stories this week – 2 March 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK challenger Revolut rejoices as it breaks even
Revolut is leading the charge for challenger banks by breaking even for the first time.
PayPal settles FTC complaints over Venmo vagueness
FTC reaches settlement over allegations that PayPal provided inaccurate payments information to Venmo users.
Nomura goes quantum in asset management space
Launches joint research project with Tohoku University in Sendai.
CFSI and JP Morgan Chase fintech lab chases diverse talent
US-based Financial Solutions Lab is looking for diverse range of applications for fourth innovation challenge.
