The outlook for payments in 2022 and beyond
In 2022 we can expect more industry consolidation and further demand for alternative digital payment methods.
Cash
British Business Bank backs SME-focused lender Simply with £300m funding line boost
Simply has provided £650 million worth of support to businesses since it was founded in April 2017.
New e-money fintech Twig launches in UK
Twig customers can turn their unwanted possessions into cash.
TSB to close 70 branches across UK as digital-first banking becomes norm
Over 90% of customer transactions are now carried out digitally, the bank says.
Saigon Commercial Bank to revamp cards offering with BPC
The project is partly driven by predicted strong growth in mobile transactions in Vietnam.
Video: fintech news pick of the week – Mynt, Oracle, Standard Bank & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
New UK fintech Cleva launches money management platform for carers
Carers can make purchases using a Mastercard-enabled card from selected digital wallets.
Cartoon: Landfill
This new cartoon illustrates how the excess of cash is diminishing the ‘Valley of Death’ for many start-ups.
Sibos 2021 video: SmartStream on cash and liquidity management in difficult times
FinTech Futures interviews Peter Dehaan, new business director for cash and liquidity management at SmartStream.
Have you made these five transformational tweaks to your self-service channel strategy?
A modern ATM fleet equipped with innovative new features and cash recycling technology is essential.
Dutch digital bank Bunq partners with Paysafe to offer cash deposits
The two companies say the partnership will facilitate “quick and secure cash deposits”.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
Expense management platform Jeeves secures $57m Series B funding
The new investment takes the start-up’s valuation up to $500 million.
Nigerian central bank partners with Bitt to deliver new digital currency
The Barbadian fintech says digitising the Naira will benefit the entire Nigerian financial ecosystem.
Sightline Payments becomes Nevada unicorn with $244m raise
Sightline closed an earlier $100 million funding round in April.
Money is not a problem
Don’t tell me money is not a problem. It most definitely is a problem. It just isn’t the real problem.
Dear Luc: Should I prepare for a wearable payments comeback post-COVID?
This week our writer asks: are wearables set for a comeback as social distancing eases?
ChangeFi CEO: “We have to be on the ground with our communities”
ChangeFi is looking to give “equal access to the American dream”.
American Express debuts checking account product for small US businesses
The product has been developed by recent AmEx acquisition Kabbage.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
Financial wellness platform Credit Sesame raises $51m to fuel expansion plans
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
For many CFOs, the time is now to embrace AI for cash forecasting
An opportunity to introduce new tiers of speed and agility and to enhance finance teams’ value to the organisation.
Stop running out of cash
With the right approach and clever outsourcing, cash management becomes a success for FIs.
US Department of Justice sets antitrust sights on Visa
Visa’s hold on the debit market in the US under investigation.
The five p’s of banking
Banks have relied on the “five p’s” – people, physical cash, premises, processes and paper.
Webinar: Deep dive on ServiceNow’s purpose built product for finserv operations
How to improve customer and employee experiences. Featuring a demo of The Now Platform from ServiceNow.
Post Office ditches 600 free ATMs, invests £16m to revamp others
The Post Office calls it the largest investment in ATMs in ten years.
Trio of UAE banks go live with klip digital wallet solution
Klip uses QR tech to enable contactless payments.
Supplement: FinovateFall 2020
Read our free FinovateFall Supplement, packed with fintech goodness!
Sterling National Bank picks Cashfac for back office tech
The bank is deploying Cashfac’s VBT system in the cloud.
RTP is changing payments fast
RTP is bound to cause swift changes for the customer-facing side and behind the scenes.
Creating a truly cashless society
Why we need open banking to get payments networks up to scratch.
Meet OneBanks: the fintech picking up after banks’ branch closures
The start-up wants to create a bank-agnostic branch network.
Fintech start-up Simpl targets India’s low credit card adoption
Just 3.85% of Indian consumers have credit cards.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
Diebold Nixdorf extends transformation project with Accenture
DN aims to “unlock” more than $50 million by 2023.
Diebold Nixdorf signs six-year contract with Austrian bank99
Diebold Nixdorf signs a contract worth $20m.
MoneyGram signs remittance partnership with Al Rajhi Bank
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
Reserve Bank of Australia mulls payment cost change for merchants
Australian central bank examining the market in the wake of COVID-19
