Fintech funding deals globally 10-16 May 2021
Featuring Gojek, Ethos, CloudWalk, Yuanbao, and Athena.
Digital
UK government should confirm that NFTs are “works of art”
The UK’s legal and regulatory framework has lagged behind in the rapidly moving NFT area.
Video: pick of the week – Bahrain to pilot digital currency; Facebook shifts crypto venture to US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Shortlist announced for PayTech Awards 2021
Register for the digital gala and networking on 8 July 2021 – it’s free to attend and open to everyone.
FE fundinfo acquires cashflow planner CashCalc
“Cashflow planning is a key component of an adviser’s process”.
Pockit customer forced to send bailiffs in battle for locked funds and rent money
Pockit owes the customer a total of £352.
US Bank and Plaid sign API integration deal
US Bank customers will use Plaid APIs to connect to third party services.
Omnio raises €30m to expand BaaS product across Europe
UK-based provider is also seeking to launch a future IPO.
State of play: digital wallets / super apps
What does it take for a digital wallet to achieve the “super app” status?
Video: Top fintech stories this week – 14 May 2021
The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.
ICYMI funding round-up: Mavience, VitraCash, KogoPay & more
We round up another selection of deals you may have missed.
PayPal deepens Google Cloud relationship with new infrastructure deal
Google Cloud to help PayPal process transactional data “at massive scale”.
Degussa Bank plans new credit card launch with Nets
It is the first partnership of its kind for the Nets in Germany.
Google Pay dips toe in cross-border market with Western Union, Wise
India, Singapore, and the US to be first countries trialled for remittances switch.
Bahrain’s central bank to pilot digital dollar with JP Morgan and Bank ABC
Bank ABC’s deputy group CEO calls this a “landmark pilot”.
N26 issued order by German regulator to improve AML measures
To oversee these changes, Bafin has appointed a “special commissioner”.
Facebook shifts crypto project Diem from Switzerland to the US
Diem says the partnership “is an important step in preparation for a Diem USD pilot”.
Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
For many CFOs, the time is now to embrace AI for cash forecasting
An opportunity to introduce new tiers of speed and agility and to enhance finance teams’ value to the organisation.
Dear Luc: Should I offer multi-currency accounts to cover post-pandemic travel?
As the world opens up, our writer asks if multi-currency accounts are a necessity, and how to offer them.
Six steps to slash digital banking go-to-market time
We use the FinTech Insights platform to investigate how banks can reduce their time-to-market.
eBay edges away from PayPal to offer cash advances with UK fintech YouLend
Ebay purchased PayPal back in 2002, before spinning it off in 2015.
Avon Mutual plans 2021 banking licence to serve West of England communities
The start-up bank appointed a new CEO earlier this year.
OpenWrks, Tully, Payplan and PayLink merge under private equity firm
All four firms span the debt advice, credit risk and collections industries.
US challenger for freelancers Lili lands $55m and passes 200,000 users
Lili wants to be a go-to app for freelancers in the US.
Swiss challenger CrescoFin gears up for digital banking with Veriff deal
CrescoFin aims to offer a “compelling alternative” to banks.
Meeting omnichannel expectations in the new retail landscape
The use of connected retail now holds more potential than ever.
And then we came to the end
Is the time upon us to really address organisational dysfunction?
What the Fintech? | S.2 Episode 10 | Too cool for school
Riten Gohil, partner and co-founder at Sphonic, joins us on this latest episode of the What the Fintech? podcast.
Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Banking Tech Awards 2021 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
NAB lands approval for 86 400 acquisition despite competition concerns
86 400 bagged its own banking licence back in 2019.
HSBC on track to hire 1,000 wealth managers in Asia before year end
In 2020, the bank’s Asian business reported $12.8 billion in profits.
Three US credit unions select Bankjoy for digital banking
The three firms have a total $760 million under management and 57,000 members.
US start-up EarlyBird re-thinks gifts for kids with investment platform
EarlyBird launched four months ago.
Creating connections: the future for banking
Ultimately, the seamless interaction of digital and physical services is the future of banking.
Commerzbank finalises 10,000 job cuts after agreement with employees
German lender moves forward with widescale restructure plan.
What are the opportunities in open finance?
Envestnet | Yodlee hosted a discussion with FinTech Futures to find out.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
Vista Bank Group selects Radar Payments to power pan-African processing
African challenger bank selects BPC company to underpin payments.
