Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
Business-to-Consumer/B2C
DN Intersect 2019: Apple Card to be “most successful bank account launch in history”
“If you don’t go mobile […] then you’re going to look like Nokia,” says Richard Crone.
iSunOne to build world’s first Islamic blockchain financial system
The firm will work directly with the Malaysian government.
US Bank acquires Talech to help drive digital transformation
The deal enhances the bank’s digital services for SMEs.
DN Intersect 2019: Forrester insists digital is “the least important” for customer loyalty
The research publisher says human interaction is “the most important” factor.
Three top Aussie banks back start-up that banishes paper receipts
The start-up, Slyp, is founded by two former PayPal executives.
DN Intersect 2019 Day 1 key takeaways: ‘Branches are here to stay’
FinTech Futures shares Diebold Nixdorf’s latest insights live from Las Vegas.
Live webinar: Why operational excellence in payments is critical to your future success
Register to the Red Hat fireside chat live from Sibos!
DN Intersect 2019: Co-op calls for greater fintech integration to combat fraud
It pins the low adoption rates down to a lack of education and tedious back-end processes.
DN Intersect 2019: TwinStar can finally innovate with new cloud solution
Now credit unions can work within a tile framework.
Taking on the apps
How can big finance ready itself? Find out the five steps that can help.
ING teams up with Dutch supermarket and US tech start-up
The bank is piloting a cashierless store at Albert Heijn in cooperation with AiFi.
Monzo to follow gambling block with merchant version
The challenger bank aims to help people reduce negative spending habits.
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
Indian neobank Yelo raises seed round
The start-up is personalised to gig economy workers.
First UK fintech consumer panel launched in Scotland
Consumers will innovate alongside the entrepreneurs.
Swift to reveal European E2E payments pilot
Swift has already achieved sub-one-minute payments outside Europe.
Top fintech stories this week-06 September 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Apis acquires majority stake in paytech Tutuka
It was attracted to Tutuka’s strong presence across 19 emerging markets.
Happy Money raises $70 Million in Series D round
The fintech evaluates “happy” and “sad” spending patterns.
Nordic API Gateway first Danish fintech to land PISP licence
The fintech will offer A2A payments to its online retailers.
Yes Bank uses Microsoft’s AI platform for chatbot
The AI chatbot is well-versed in the banking world.
Paysend reaches one million customers in two years
Paysend acquired more than 100,000 new users last month.
Curve smashes crowdfunding record in minutes with £5m overfund
The fintech quadrupled its£1 million target in less than an hour.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
Eligma gets €4m investment from Bitcoin.com and Pangea Blockchain Fund
Eligma developed Elipay for vendors to receive crypto payments.
CaixaBank slashes risk analysis time with quantum computing
It’s the first Spanish bank to incorporate the tech into its R&D.
Tally picks TruNarrative for onboarding and ID verification
The solution will help Tally’s compliance to industry requirements.
TSB and Square partner to boost payments for SMEs
TSB business banking customers will be sent a free Square Reader.
Trustly serves Alibaba’s European customers via Ingenico
Alibaba serves ten million buyers.
Australian share trading start-up to launch in UK
Stake has been granted a licence by the FCA.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
R3 partners with Wethaq to digitise Islamic capital markets
The platform will make Sukuk more accessible.
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
PAI acquires Eclipse Cash Systems
The deal takes PAI’s network to over 90,000 ATMs.
CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
