Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
Consumer/Personal Finance
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Student lender MPOWER secures $100m from Goldman Sachs
Goldman Sach’s total loan financing capital for MPOWER is $200 million.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Monzo offers new short-term loans
Loans will be loans between £200 and £15,000.
Secured cards: public relations ploy or financial health builder?
They can be a critical tool for financially vulnerable people.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Scalable Capital attracts further €25m growth funding
Blackrock has increased its initial investment.
Walmart announce application for cryptocurrency
Shoppers’ money would gain interest in a makeshift bank account.
PayPal helps entrepreneurs with MetLife and Village Capital
The alliance will reach out to more than 100 fintech health entrepreneurs.
Verrency and Coinify announces new virtual currency partnership
Libra brought virtual currencies into mainstream.
JP Morgan Chase invests in accounting software platform FreshBooks
A JPMC representative will be joining FreshBooks’ board.
Tesla-fy your bank
Will banks ever truly reinvent banking?
Saxo Bank completes acquisition of BinckBank
Saxo intends to initiate the statutory buy-out procedure.
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
RBC launches student experience on mobile app
The ‘Mobile Student Edition’ is designed to tap into the Gen Z market
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
Piggy bank start-up ERNIT sells up
One source says the company is trying to see what the market appetite is for a solution like theirs.
ASOS and Klarna bring flexible payments to the US
The US will pay in four scheduled bi-weekly instalments to reflect the US salary schedule.
Federal Bank launches instant online demat account
It is the first bank in India to offer the service.
Ipagoo enters administration
This was to protect the interests of Ipagoo’s customers.
Stackin’ raises $4m for financial advice for millennials
Millennials can now be texted the best way to grow their money.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
Omni chooses TruNarrative to combat financial crime
The POS consumer credit company was seeking a future-proof solution.
TSB launches selfie account opening
The bank partnered with Jumio to develop the account opening technology.
Bonify eyes European expansion with new investment
The fintech has over half a million users.
White paper: Are you using the best approach to catch digital identity fraud?
Donwload the Onfido white paper now!
Top fintech stories this week – 12 July 2019
N26 has superhero-landed in the US, new hip bank in Spain, and more!
White paper: The architect’s guide to digital core banking in the cloud
Download the Five Degrees white paper now
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
FairFX rebrands as Equals
The foreign exchange company will now serve businesses and consumers.
