Amazon Web Services VP resigns over whistleblower firings
The engineer quit in protest over AWS’ handling of warehouse employees amid COVID-19.
Coronavirus/COVID-19
UK fintech Fintuity offers free financial advice to NHS staff
The NHS will have access to the fintech’s online platform and financial advisers.
Three ways to optimise the finance function during COVID-19
It’s important to find areas of your business that can create positive returns.
COVID-19: Highlight of the week
We focus one particular coronavirus news item affecting the fintech industry.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
Ivy Lender calls out banks and fintechs for exploiting PPP
“Most banks are saying they have offerings [for small businesses] when they don’t.”
Contactless payments are up but UK still withdrawing £1bn a week from ATMs
The average value being withdrawn has gone up from £65 to £82.
The old-school approach to risk management you need to dump right now
Data that is submitted manually for compliance in many cases can be erroneous.
Bankers blindsided by £50K loan limit under UK bounce back scheme
Senior bankers had worked over the weekend on the basis that the ceiling would be £25k.
UK offers 100% government backed loans, but alternative lenders still fenced out
Funding Options says HM Treasury should “embrace the full ecosystem of lenders” in the SME sector.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
US banks roll back lending to European companies
“We are increasingly observing an ‘America first’ attitude among large US banks.”
British Business Bank approves another four lenders for CBILS
These new joiners can lend between £10,000 and £5 million to small businesses.
RBS unveils ‘companion card’ to help vulnerable customers during lockdown
The card has a £100 limit which can be refreshed every five days.
Defending against COVID-19: the unforeseen risks
Leaders and managers may find themselves in a response management mode that is unfamiliar.
Information Builders & Sound Credit Union collaborate on reporting package for COVID-19
IBI’s self-service analytics are designed exclusively for credit unions.
Barclays launches CLBIL scheme amid coronavirus
Barclays is extending its support to businesses not covered by CBILS or CFF.
UK lenders call on government for £5bn to help SMEs before month end
The group is welcoming all UK lenders to join the effort to keep British SMEs afloat.
Tech for good
Highlighting how tech companies have come to the rescue during the COVID-19 crisis.
The Inclusion Foundation launches to tackle financial exclusion
#FinancialInclusionMatters has been created to show support for TIF’s work and spread the word.
Temenos rolls out AI models to help banks lend quicker during coronavirus
“Our AI can expedite accurate decision making and help the front line staff,” says Temenos.
Will America’s second round of PPP avoid mistakes of the first?
Roughly 80% of PPP applicants are still waiting on loans, says NFIB.
Looking beyond the coronavirus trading boom
Some trading apps see their future in the saving market.
Milan picks Soldo’s prepaid cards to distribute coronavirus aid
The cards are loaded with money from Italy’s €400 million Solidarity Fund.
Why the virus that stopped the world, opens a door for tech start-ups
During these difficult times the survival of many companies will depend on their ability to adjust to a new reality.
UK government launches £1.25bn coronavirus Future Fund for start-ups
Start-ups can apply for loans between £125,000 and £5 million.
Funding Circle becomes first lending marketplace to issue UK CBILS grants
The marketplace has already originated more than £6.2 billion in loans.
Snoop launch a month early “to help households during coronavirus”
The fintech is headed by ex-Virgin Money CEO Dame Jayne-Anne Gadhia.
COVID-19: Highlight of the week
This week, we focus one particular coronavirus news item affecting the fintech industry.
Video: Top fintech stories this week – 17 April 2020
FinTech Futures’ weekly news round-up.
What the Fintech? Episode 3 | Digital disruption: Bitcoin and stable coins
Tune in to hear what Gemini’s MD for Europe, Julian Sawyer, thinks about digital currencies.
Revolut lets staff swap pay for shares in the challenger bank
Revolut’s co-founders Storonsky and Yatsenko are forgoing their salaries for a year.
Swift cancels Sibos amid COVID-19 crisis
Delegates that had signed up to attend will be offered a full refund.
More than 275 accountancy firms ask UK government to plug gaps in SME aid
“Entrepreneurs face their business being crushed,” says the letter.
Tide launches Coronavirus Government Support Eligibility Checker
Its aim is to help SMEs get access to the financial aid during this time of crisis.
OakNorth bags Modern Bank as second US customer
Modern Bank is a delegated lender under the CARES Act.
Square, PayPal and Intuit QuickBooks approved to hand out SBA loans
“This is a race to save jobs in the present and for the future,” says PayPal.
Four new UK lenders get approved to issue coronavirus business loans
These lenders are yet to set a date by which they can start accepting CBILS applications.
Nordea helps suppliers to get paid early amid coronavirus
Suppliers will benefit from “several hundred million euros” early.
Barclays’ top bosses give up a third of their paychecks for six months
Donations by all three executives will also be matched by the bank.
