Wolters Kluwer snaps up cloud-based lender eOrignal for €231m
eOriginal claims “double-digit” revenue growth over the last three years.
Digital
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
How digital labour helps financial firms cope with market volatility
Digital labour can offer a range of operational benefits.
Video: Top fintech stories this week – 11 December 2020
FinTech Futures’ weekly news round-up.
White paper: The business value of ServiceNow for retail banks
The value retail banks will achieve annually at $29.54m per organisation ($70,000 per 100 users) by using ServiceNow.
Singapore and Thailand to link national payment systems in 2021
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
Don’t turn a blind eye to spreadsheet vulnerabilities
Introducing PrizmDoc Cells, a secure solution in an intuitive, Excel-like web interface.
Banking’s Christmas ghosts
Charles Dickens’ popular novel, “A Christmas Carol”, gets a banking spin.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Capital One takes swipe against “risky” BNPL firms
“These kinds of transactions can be risky for customers and the banks that serve them.”
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Texans Credit Union selects Episys core system
The $1.7bn credit union needs 12 employees to maintain its legacy system.
Revolut hot on Starling’s heels, breaks even in November
“We’re doing much better compared to pre-Covid times,” says CEO.
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
The times are always a’changing
The story we try to reconstruct and the story we tell ourselves isn’t the full story.
Comarch launches new factoring system
Comarch Cloud Factoring enables managing the entire lifecycle of an invoice with no paperwork involved.
Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
Modularbank lands €4m to set up UK commercial operations
The start-up claims to be cashflow positive since its inception.
Moov Financial raises $27m in Series A funding round
The latest round follows a seed round from August.
Deutsche Bank expands Google cloud partnership
Major German lender expands cloud usage to lending and retail banking.
Solving payments and card challenges with a platform approach
A platform approach improves efficiency and customer trust.
E-book: Migration to cloud – your guide to delivering an intuitive customer experience
Learn how to transform the entire organisation with the migration to the cloud.
Mortgage automation: solving today’s business challenges with a proven tool
AVM is becoming commonplace within the mortgage process, benefitting lenders and consumers alike.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
Singapore issues digital bank licences to Grab, Ant & Sea
The regulator has issued four licences, rather than five.
Bank of England selects Appvia for two-year cloud development scheme
Appvia wins selection process started in January 2020.
White paper: Re-wiring financial services operations for a bold future
Looking beyond the front office to transform experiences.
Greek challenger Woli to launch “neobank for families” next year
The fintech is looking to Europe for its launch.
Pockit raises over £500k in its debut crowdfunding
Pockit points to international expansion plans.
Australian lender RedZed is first live on SAP’s Cloud for Banking service
RedZed goes live on SAP package deal, hosted on Amazon Web Services.
Innovations – moonshot thinking and the art of walking the Earth
In wealth management, innovations need challengers, ambitious goals… and patience.
Stripe launches BaaS-type service for merchants with top US banks
“[The] banking experience should be as easy as spinning up a virtual server.”
Monzo lands another £60m from new backers
The latest funding still sees to leave Monzo at its £1.2 billion valuation.
Banking for good
As the new kids on the fintech block start to mature, I do hope they support the broader community.
Northern Ireland boasts highest proportion of fintech workers outside London, says report
Belfast and Londonderry is home to some 74 fintechs which employ around 7,000 people.
FinTech Futures Jobs: the fintech job market is absolutely booming
The global fintech market is predicted to grow at an annual rate of almost 25% – exciting times for jobseekers!
White paper: Analysis of impact and application of advanced analytics in asset management
Unleashing advanced analytics – how asset management firms can take advantage.
Web Summit 2020: A fintech summary
Stripe is looking at products around digital identity.
Libra and Facebook exec joins rental insurtech LeaseLock
The fintech removes the need for renters to pay a deposit for a rental property.
West Bromwich Building Society launches mobile app with Unisys
West Brom to deploy Elevate system underpinning new customer services.
