Video: Top fintech stories this week – 27 March 2020
FinTech Futures’ weekly news round-up.
Coronavirus/COVID-19
Coronavirus: FCA announcements round-up
We collated a round-up of these notices to assist our readers on COVID-19 updates.
Patch Homes rebrands to Noah & offers assistance for homeowners
It’s offering all new customers $1,000 at closing and waiving fees for existing customers.
US Fed Reserve & ECB ramp up bond buying to steady markets
Fed pledged to buy unlimited amount whilst ECB eyes up €750bn additional bonds.
Pleo offers new customers free services until July amid coronavirus
“With this uncertainty set to rumble on […] Pleo wanted to do something to help.”
FCA requests listed companies delay publishing preliminary financials
It highlights that this statement does not apply to AIM-listed companies.
N26 expects 70% of bank branches to disappear in 10 years
The coronavirus is accelerating a permanent change in consumer behaviour, says N26.
Moven shuts all consumer accounts, pivots to B2B-only service for banks
Founder says “major multi-year funding” was withdrawn due to coronavirus.
Love in the time of COVID-19
Amazing teams have teams that care. That’s how leadership works. It’s a team sport.
Coronavirus crisis forces the EU to redraw its digital strategy
Working remotely is also causing considerable strain on the EU’s IT system.
Draft coronavirus stimulus bill considers ‘digital dollar’ to help unbanked
House Democrats have drafted a bill which, if enacted, would create a ‘digital dollar’.
A look under the hood of ABN Amro’s internal Covid-19 operations
The bank admits there were some VPN teething issues.
US non-bank financial firms push Congress for SME lending relief
Legislators are currently working on a bill which addresses small business loans.
UK contactless limit raised to £45 to prevent coronavirus cash handling
“The changes were already under consideration by the industry,” says UK Finance
Jumia steps in to assist Africa amid rising coronavirus numbers
Jumia will help various African governments distribute masks to hospitals.
Stock markets decline as coronavirus crisis worsens
A further wave of dividend suspensions and cancellation of buybacks were announced.
HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans
This is the first time HSBC will use third-party data to approve trade finance loans.
UK challengers Revolut and Monzo combat claims they are going bust
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Fronted, 11:FS and Credit Kudos create ‘Covid Credit’ for self-employed
Covid Credit uses open banking data to help the self-employed get income relief.
Credit scores and the willingness to repay in the age of Covid-19
Psychometric credit solutions will likely become increasingly valuable for loan decisioning.
SoftBank to sell $41bn in assets to firm up financials amid virus outbreak
The company’s share price shot up 18.6% in Japan today.
FCA sets out guidance for mortgage providers & lenders on COVID-19-related loan scheme
This supports the announcements made by the Chancellor last week.
ESMA relaxes MiFID II call recording rules in wake of COVID-19
The EU regulatory body recognises limitations created by the virus.
Video: Top fintech stories this week – 20 March 2020
FinTech Futures’ weekly news round-up.
ESMA delays SFTR implementation
The EU regulator acknowledges the business impact of COVID-19.
Gradually – then suddenly: parenting during coronavirus
Until we get beyond, hunker down and carry on. Pass me that glass of wine please.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Ask the expert: what can I do to ensure my fintech is protected during these challenging times?
As a growing a fintech, you’ve worked hard to get to where you are. You mustn’t let momentum slow.
Life in the time of COVID-19: learning to share
“Humans. So many good ideas. So many failed ideals.”
Budget 2020: What’s the fintech impact?
FinTech Futures picks out the fintech tidbits in this week’s announcement.
The impact of COVID-19 on the Chinese market
The effects of the coronavirus on the local fintech market isn’t all negative.
