Co-operative Bank plans 350 job cuts, 18 branch closures
The UK bank reacts to an increasingly online demand.
Digital
US challenger for teens Copper lands $4.3m
The start-up has built an advisory board of teens.
LA start-up AmplifyX lets investors build portfolios around musicians
From 2015 to 2019, the entire music industry grew sales at a 9% rate.
Nordic fintech Open Payments raises €3m in second seed round
The firm plans an EU expansion in 2021.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Malaysia and Indonesian regulators sign fintech cooperative agreement
The two countries will share innovations and foster cross-border start-up development.
Zopa launches its first fixed-rate savings accounts
The range of accounts pay 1.05%, all the way up to 1.3%.
Palantir lost $579m in 2019 according to leaked S-1 filing
Big data SaaS firm had net loss percentage of 78% last year.
US unicorn AvidXchange launches secondary offering
AvidXchange says it’s had a three-year growth rate of 133%.
JP Morgan to launch digital lender in UK early next year
The new cloud-based venture will sit under the Chase brand.
MoneyGram signs remittances deal with Airtel Africa
Airtel Africa customers to gain access to MoneyGram services later this year.
Creating a truly cashless society
Why we need open banking to get payments networks up to scratch.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
White paper: Data integrity in an uncertain world – how to achieve operational resilience
How automating your data management processes can help reduce costs and eliminate the potential for human error.
Pi1 signs card issuance partnership with Marqeta and TagNitecrest
Pi1 extends banking offering with new deal.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Wildfire Credit Union picks Backbase tech
The Michigan-based firm plans to boost its digital footprint.
Three ways fintech can confront security and trust questions during rapid growth
Those of us in security understandably tend to lead with the risk factors.
Embedded finance: a game-changing opportunity for incumbents
Embedded finance offers a new, very large addressable market opportunity worth over $7 trillion in ten years’ time.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Banks need a single brain
Every bank needs a single brain to anticipate the needs, wants and quirks of every customer.
Six ways financial services will adapt to BigTech in the UK market
BigTech companies excel at giving customers what they want.
Lana raises $12m in Series A funding round to fuel LatAm expansion
New company plans to help unbanked workers.
White paper: Enhancing trust with AI-driven biometrics
Learn how to improve every aspect of the identity lifecycle with intelligent ID.
The revolution will be regulated
When it comes to digital adoption, the regulator has been the biggest driver of change in the more mature markets.
Samsung launches Curve-powered payments service
Samsung Pay Card allows users to pay with their hardware across multiple accounts.
Making the most of business data and this summer’s mix-tape
Businesses that make the leap from operational to analytical are ones that understand the value of data.
Live webinar: The role of digital identity in a physically distanced world
Novel approaches to digital identity verification to securely onboard and engage with consumers – and at a distance.
China expands digital currency experiment across major cities
More than 400 million people are able to trial the digital system.
Bank of Lithuania calls for parity in EU digitalisation
Lithuanian central bank wants a more unified approach to innovation in the EU.
The social-savvy wave of entrepreneurs
They will push traditional banks to pivot their offerings once again.
Buyer’s guide to modern web-scale backup & recovery
Providing guidance and assistance for IT professionals looking to re-evaluate their current data protection practices.
GoCardless Australia readies for open banking and instant direct debits
The start-up launched In Australia and New Zealand towards the end of 2018.
John Legend-backed challenger Cred.ai runs beta in US
The fintech has built its own underwriting which it intends to outsource.
Standard Chartered and Airtel Africa sign financial inclusion partnership
The two firms plan to boost services in “key” African markets.
Singapore’s MAS pours $182m into second fintech fund
Around half of the committed SGD 250m rolled over from the first FSTI scheme.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Sombank picks Temenos Islamic banking systems
The new bank on the block plans to aid financial inclusion in Somalia.
Mortgage fintech Habito lands £35m Series C, becomes B Corp
The round attracted new investors Augmentum Fintech, SBI Group and mojo.capital.
UK challenger bank Chetwood quietly lands another £10m
“If it wasn’t for COVID-19, we’d be well on our way to turning a profit.”
