In a micro-app modern world, micro-differentiation matters
The best solutions are those that intertwine physical and digital channels.
Business-to-Business/B2B
Visa invests in cloud-based analytics platform GoodData
Visa will co-create data products with the cloud-based firm.
WorldRemit chooses Onfido to further automate its account onboarding
Onfido will automate WorldRemit’s KYC decision-making process.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
Brex lands $150m to continue small acquisition spree
In March, Brex acquired three San Francico-based start-ups.
India’s micro business financer Lendingkart raises $42.1m in Series D
The total raised includes the start-up’s D1 raise last August.
Six new UK lenders approved for CBILS including fintech iwoca
CBILS grants have accounted for £7.25 billion in crisis cashflow for SMEs.
Rimilia appoints new board chairman as part of wider exec shake-up
The fintech has also appointed a new CTO and CPO.
OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services
The services will help develop APIs alongside evolving regulations.
Anquan Capital partners with crypto arm of Germany’s WEG Bank
The partnership includes an undisclosed investment from Anquan.
UK fintech Fly Now Pay Later lands £35m Series A
The start-up says it will use its investment to help “reboot” the travel industry.
Singapore fintech Spark Systems lands $10.5m from Citi and HSBC
These heavy weight investors join existing backer Goldman Sachs.
Nordea partners up with Tink on open banking
It’s set to launch for the bank’s users in Norway, Finland and Denmark “in the coming months”.
Smarterly secures £7m in Series A funding round
Some of the investment was used to complete the recent acquisition of Salvus.
UK fintechs Tide and Liberis land loan accreditation
Tide is aiming to get loan delivery up and running today.
SME fintech ANNA bags £17.5m from ABHH Group
The investment values it at $110m, with the founders keeping a 40% stake in the start-up as part of the deal.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Green Dot bags Walmart exec as part of bigger strategic overhaul
The firm also appointed a new CEO in March.
Breaking down tech overhauls with CKV’s chief digital officer
Implementation of nCino’s cloud banking software took a year for the bank.
Agora Services launches white label teen account for Finastra
Agora’s CEO says the app launch is “related to” the Revolut Junior launch in the UK.
Starling Bank and Funding Circle team up to provide £300m in CBILS loans
The fintechs say the partnership will help more than 4,000 small businesses.
Niche Global picks Volante to underpin European entry
Hong Kong payments firm plans market expansion with Volante.
Banking Technology May 2020 issue out now
Hope springs eternal: discovering alternative lending in times of crisis.
Fidor Bank loses O2 mobile banking contract
The contract began back in 2016.
JP Morgan first major US bank to serve crypto exchanges as banking clients
Coinbase lost its previous banking support from Barclays in August 2019.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Modulr lands £18.9m in growth funding to fuel market expansion
The latest investment takes Modulr’s total funding received to £53.3 million.
Vise lands $14.5m Series A led by Sequoia Capital
“This is one of the biggest markets on Earth,” says Sequoia.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Temenos helps UK banks speed up BBLS distribution “in days”
UK banks have seen a surge in demand for BBLS loans.
Merchant payments fintech Primer raises £3.8m
The newly-launched fintech has secured investment from Balderton Capital.
Swiss private bank Lombard Odier launches fintech strategy
An active portfolio of 50 well-diversified stocks will be put together.
Path Solutions deploys business intelligence solution at Al Baraka Bank Sudan
Sudanese bank implements iMAL*BI solution.
A bumpy road for alternative lenders
Coronavirus crisis opportunities for alternative lenders come with big risks.
Goldman Sachs-backed fintech Flywire cuts 12% of workforce
A further 16 workers have been put on part-time contracts.
Truist Financial selects TSYS for payments processing
Newly merged commercial bank kicks on with its tech deployment.
Business banking app Countingup lands £4m led by ING
ING says Countingup is a “digitally disruptive solution”.
Putting off a reorganisation? This could be rather costly
Throughout the process, involved parties must understand drivers for change.
Singapore payments fintech Nium lands investment from Visa
The round is thought to be worth between $75-$100 million.
