Sibos 2022: Are banks progressive about product?
I believe it’s been almost 30 years since banks truly innovated on products for retail customers.
Consumer/Personal Finance
Sibos 2022: “Skyscanner for money” – money as subscription service
In the future, we’ll all have our own “Skyscanner for money” working for us, believes VC Innovations’ Lisa Moyle.
Daily News at Sibos 2022
Download your free copy of the Daily News at Sibos publication today!
Video: Kore.ai at FinovateFall 2022 – Conversational AI and customer experience
We chat with Kore.ai’s Raj Koneru about conversational AI and the company’s leading work in the space.
Brazilian payroll-deductible loan fintech Ali raises $25m in Series A round
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
Welsh neobank Banc Cambria gearing up for launch next year
Banc Cambria is understood to be targeting a 2023 launch and hopes to reverse the tide of bank branch closures.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
Two new fintech start-ups in Turkey – Lidsi and Turan
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
SME financing platform Rapid Finance acquires lendtech firm Thrive
Rapid Finance says Thrive “represents a significant addition” to the company.
Automated debt payment platform Tally bags $80m Series D
The round was led by Sway Ventures with participation from Menora Mivtachim, an Israeli insurance firm.
New challenger bank in India for young professionals – Shelf
Shelf was recently accepted into start-up accelerator Y Combinator’s Summer 2022 batch.
Spanish BNPL fintech SeQura lands €150m financing facility from Citi
The funding will support the firm’s expansion across southern Europe.
European fintechs join forces to make open finance a reality
The OFA wants to usher in an era of open finance in much the same way the EU’s 2016 PSD2 did for open banking.
Banking start-up Fiinu readies for launch with new leadership hires
Fiinu has hired a new CFO, CPO and head of technology.
Klarna cuts more jobs just months after laying off 10% of global workforce
The BNPL giant is planning more cuts after laying off approximately 700 staff back in May.
Video: ebankIT at FinovateFall 2022 – Digital banking innovation and user engagement
We chat with João Pinto of ebankIT to discuss the firm’s new products and its US expansion plans.
How financial services are following in the footsteps of Amazon with digital identity
The financial services industry must be prepared to completely reimagine the digital experience.
Zopa Bank and ClearScore in bid to strengthen consumer finances by 2025
The initiative will focus on four areas – savings, credit building, debt consolidation and utility marketplaces.
“Care now, pay later”: medical care fintech Scratch raises $35m Series C
Scratch offers a payment model to help patients cover the cost of medical care.
Nymbus and Citizens Bank of Edmond to launch niche bank for US military
The product will offer financial services designed to meet the needs of newly enlisted members of the military.
US consumer finance regulator to outline credit card-like BNPL protections
The CFPB will set out guidance to hem BNPL firms much closer to credit cards in terms of regulation.
How coopetition can boost financial inclusion in LatAm
An environment of coopetition between companies can further democratise access to financial services in LatAm.
Are challenger banks now facing challengers of their own?
For the first time in their short history, the challengers are now being challenged themselves.
UK’s Amplifi Capital launches personal loans provider Reevo Money
Reevo Money says its ultimate goal is to help people build their credit rating.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
Gen Z investors want more than crypto and meme stocks
The key thing missing from many banking and investment platforms is personalisation.
DeFi for the masses — crypto investment platform Solvo readies for launch
Solvo will offer investments, savings, crypto buying and selling as well as a card for payments.
Is fraud outpacing fintech?
Financial crime continues to reach new heights, but fintech is leading the counterattack.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
Indian lendtech EarlySalary raises $110m Series D funding
EarlySalary will use the new funds to expand into new markets and increase its loan book.
Japan’s SMBC Group to launch Jenius Bank in the US
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
Just do it?
How can we, as an industry, be more empathetic and create solutions that matter?
US real estate fintech Reali to close down
The firm will be laying off most of its workforce on 9 September 2022.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
ICYMI fintech funding round-up: Chekk, Hello Clever & Zywa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Reserve Bank of India lifts onboarding restrictions on American Express
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
The role of the payments industry in saving people and planet
Changing the way we make payments can have a substantial positive impact on our society’s carbon emissions.
BCFC selects Codebase Technologies & Atyaf eSolutions for digital upgrade
BCFC hopes to enhance the infrastructure of its mobile and web customer channels.
What the FinTech? | S.3 Episode 12 | Tackling the challenges for challenger banks
In this episode of the podcast, we’re joined by Kim Symmons, head of design at UK business bank Mettle.
Egyptian BNPL firm valU acquires employee management fintech Paynas
Paynas provides employee management and payment services to MSMEs.
