Indian fintech start-up Simpl lands $40m in Series B funding
Fast-growing Indian e-commerce sector is in the company’s sights with its cardless payments offerings.
Digital
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
ICYMI funding round-up: Bunq, Qapita, GajiGesa, Knowledge Bank, Anchor, Goalsetter, & Lamaa
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
Abrdn to acquire online investment platform Interactive Investor in £1.49bn deal
Abrdn had previously confirmed it was in talks to acquire the company in November.
Shinhan Bank readies stablecoin remittance PoC on Hedera network
This is the latest in a number of distributed ledger innovations by the South Korean bank.
Australia’s Mr Yum secures $64m Series A funding
Female-led company is focused on mobile orders and payments in restaurant and hospitality sectors.
Wise to add 1,000 staff across the globe in 2022
The recruitment drive would take its total headcount to 4,000.
New neobank designed exclusively for women of colour launching in 2022
GoWomen says it will provide banking services and financial awareness and wellness products.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
The rise of carbon-centric super apps
Looking to the future, increasing climate change could see the emergence of carbon-centric super apps.
The Bank of London launches in UK with $1.1bn valuation
The company received its first bank licence as the sixth principal clearing bank of the UK.
YouTrip plans B2B expansion following $30m Series A
The Singapore-based fintech offers a multi-currency wallet, with a push into the corporate market now planned.
Fundbox closes $100m Series D round to take valuation beyond $1bn
Product expansion, including into payments, is planned for its small business platform.
Money management app Plum raises $24m from investors and crowdfunding
The London-based company plans European expansion and product development.
New neobank Migom provides unbanked entrepreneurs essential banking services
The digital bank also provides crypto capabilities, including instant crypto transfers.
Digital wealth app Endowus secures $27m in latest funding round
The Singapore start-up gains backing from new and existing investors from across Asia.
Resignations and regulatory orders at Mizuho in wake of IT failures
President and group CEO Tatsufumi Sakai and senior executive officer Satoshi Ishii will step down from their roles.
New e-money fintech Twig launches in UK
Twig customers can turn their unwanted possessions into cash.
Interac selects Microsoft Azure as part of hybrid cloud strategy
The payments processor has seen a sharp increase in volumes in the last 18 months.
Landsbankinn prepares for PSD2 with Salt Edge
Iceland’s largest bank will utilise Salt Edge’s international experience and compliance solution.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
Want to be a hidden challenger and accelerate fintech partnerships?
Exploring how new models of bank-fintech partnerships spell quick revenue for incumbent banks.
What is the next stage of open banking and how do we get there?
While many people speculate on the future of open banking, let’s look at where the industry is going next.
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.
BNP Paribas partners European paytech SIA to launch branded corporate cards
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
CIBC recruits Danske Bank’s Søren Rode Jain Andreasen for digital leadership role
Andreasen’s departure follows 15 years at the Danish bank.
Tinkoff adds to business ecosystem with Jump.Finance
Russian bank buys controlling stake in self-employed contractor payment automation software specialist.
Flinks and National Bank of Canada launch open banking solution
The launch comes amid frustration at the slow pace of open banking in Canada.
Bridging the gap between banking and digital accessibility
In a digital by default world, banks need to be champions of ensuring everyone has access to financial services.
State of play: central bank digital currencies (CBDCs)
CBDCs must have interoperability at their core if they are to be adopted at mass scale.
Worldline provides authentication for Austria’s emerging digital ID solution
The provider is working with longstanding customer PSA Payment Services Austria.
FinTech Futures Reports Calendar 2022
Position your brand as a thought leader and a trusted industry expert. Throughout the year FinTech Futures’ experienced editorial team publishes a series of comprehensive reports, providing an independent expert view on the industry, including analysis of key topics and in-depth insight into future trends. Designed to address research objectives across the banking and fintech […]
Revolut buys SME hospitality ePOS software provider Nobly POS
Nobly POS software will be integrated with Revolut payment offerings internationally.
Saigon Commercial Bank to revamp cards offering with BPC
The project is partly driven by predicted strong growth in mobile transactions in Vietnam.
UK challenger Allica Bank completes £110m Series B funding round
The cash will go towards enhancing Allica’s proprietary technology and client support.
SME neobank Open launches new embedded finance platform Zwitch
Open says Zwitch has already helped 10 start-ups embed financial services.
Mastercard acquires Latin American Start Path protégé Arcus
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
Indian government takes next step in banning cryptocurrencies
Scheduling of bill points to government’s stance despite speculation over rethink.
Open Banking Exchange Asia formed to further open banking in APAC region
Open Banking Exchange is teaming up with Brankas to provide expertise and collaboration.
BNPL start-up Pace raises $40m in pan-Asian Series A
The Singapore-based company has plans for international expansion.
