How VibePay is quietly changing the UK fintech Twitter game
British grime MC JME donated £1,200 to the Vibe community last week during one of its social media events.
Business-to-Consumer/B2C
Challenger bank Lunar partners with Danish esports firm Astralis
Denmark and Sweden lead European esports usage.
Colombian consumer credit fintech Addi lands $15m
Addi delivers credit at the time of payment for a product or service.
Pacific National Bank launches digital challenger Facile with Nymbus
The bank is using Nymbus’ SmartLaunch technology.
Fortunis capital invests £15m in UK fintech Karma
The voucher lending app was trialled in the UK with support from the Scottish government.
South Korea’s fintech sandbox lands $110m and creates 380 jobs
Fintechs can be exempt of regulations for up to four years.
Banking for kids fintech GoHenry unveils biodegradable card
The card is made up of 82% bio-sourced renewable materials.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
Dubai fintech Ziina lands $850,000 and launches P2P payment app
The start-up’s funding round was led by San Francisco-based Class 5 Global.
UK green investment platform Clim8 raises £1.35m
The fintech is due to launch sometime this summer.
Myanmar’s Wave Money lands $75.3m from Ant Financial
Wave Money has tapped more than 21 million people in Myanmar.
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.
Longevity Card lands investment from Deep Knowledge Ventures
The card will launch in the UK and Europe in early Q4 2020.
Former Sberbank employee to tap Europe with challenger Intruder
Payments will be able to work in messenger apps via a bot.
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”.
WeChat to offer credit scoring to its 600m users
Th Big Tech will attribute “payments points” to determine a “trust” value.
HSBC launches e-wallet PayMe for teens in Hong Kong
The adult version already has 1.9 million customers across Hong Kong.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Commonwealth Credit Union picks Jack Henry to automate lending
The Kentucky-based CU wants to boost its lending capabilities.
Green Dot bags Walmart exec as part of bigger strategic overhaul
The firm also appointed a new CEO in March.
Freetrade sets new record on Crowdcube with $5m raise
The round is its sixth crowdfund to date.
MoneyGram and Federal Bank tie up remittance partnership
The partners will offer direct-to-account crediting.
Marcus cuts easy-access saver rate again to 1.05%
On 19 March, the Bank of England cut its base rate to 0.1%.
Niche Global picks Volante to underpin European entry
Hong Kong payments firm plans market expansion with Volante.
Aussie fintech Verteva lands $21.4m to digitise home lending market
The start-up is headed up by two former Westpac execs.
Banking Technology May 2020 issue out now
Hope springs eternal: discovering alternative lending in times of crisis.
Morgan Stanley pays $5m fine for misleading investing clients
The bank’s retail “wrap fee” programmes incurred non-transparent charges.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
Addition Financial picks Backbase to provide customer personalisation
The Florida credit union shuns a “one-size-fits-all” approach.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Path Solutions deploys business intelligence solution at Al Baraka Bank Sudan
Sudanese bank implements iMAL*BI solution.
Citizens Bank taps Teslar Software to improve portfolio management
The Arkansas-based bank turned to Teslar following a recommendation from a compatriot lender.
Truist Financial selects TSYS for payments processing
Newly merged commercial bank kicks on with its tech deployment.
Aussie neobank Xinja loses 2.25% interest rate
The interest rate caused it to hit AUD 100 million in deposits after just 19 days.
Russia’s VTB turns to automation for customer claims
VTB wants to reach 70% automation in its claims’ operations.
Singapore payments fintech Nium lands investment from Visa
The round is thought to be worth between $75-$100 million.
Kestrl to offer UK consumers ethical banking alternative
The debit card launch is expected sometime in Q3 following a June beta.
Newcastle Building Society names Manila McLean as new CIO
Manila joined the firm from Tesco Bank in 2019.
BHD Leon picks Temenos Transact to power geographic expansion
The Dominican bank is aiming for a wholesale digital transformation.
