Société Générale launches new Banxup account for teens
The bank has also overhauled its app for adults.
Digital
What does survival of the fittest mean for fintechs in a post-COVID-19 world?
COVID-19 has already led to a shift in mindset for many businesses.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
SAFE Federal Credit Union goes live on Symitar core
The $1.1bn credit union completed two-year migration.
Icelandic challenger bank indó selects Enfuce
The challenger is gearing up for a launch later this year.
Philippines challenger Tonik raises $21m ahead of 2020 launch
The bank has raised $27m since being founded in 2018.
Open banking start-up truID raises funding to expand customer base
It has raised an undisclosed funding round to help build out its product.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
JP Morgan Chase helps NHS digitise its pre-employment programme
The bank aims to help the NHS put 500 young people in jobs.
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at “a knockdown valuation”.
Bank of America goes live on securities platform from Wematch and Pirum Systems
The combined system made its first transaction on 10 June.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
Deutsche Bank to create new international private bank
The new global private bank will likely hold roughly €250 billion.
FX fintech Wallex lands Series A led by Ant Financial-backed VC
The value of the round has not been disclosed.
iBanFirst raises $21m in Series C funding
The raise was initially interrupted by COVID-19.
Reaping the real benefits of data sharing
Data sharing enables banks to more effectively serve customers across the lifecycle.
Banks, cybersecurity and virology
I would actually like to see governments take a more holistic look at how they’re fighting COVID-19.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Deutsche Bank set to launch fourth e-FX hub in Singapore
The hub will be developed and staffed locally.
Stripe adds Bacs Direct Debit to compete with UK rivals
Stripe will directly compete with UK home market player GoCardless.
Santander to hire 3,000 IT workers this year for digital transformation
“They will be at the heart of our transformation,” says bank.
Klarna dips its toe in the savings market with Raisin
Offerings range to terms of up to 48 months.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Federal Bank picks ACI Worldwide to boost fraud protection
More than $30m was stolen by fraudsters in India last year.
Insurance in the digital age: injecting automation into the claims process
A lot of claim processing, across all product lines, is carried out manually.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Tinkoff launches automated micro-investing service
The bank is offering its 10 million customers an ‘Investment Box’.
ING’s multibanking start-up Cobase gets two new shareholders
The start-up will expand beyond Western Europe.
Goldman Sachs closes Marcus to new UK users amid deposit surge
Since January, Marcus has seen more than £8 billion inflow.
Sberbank partners with Visa and Russian supermarket for ‘Take&Go’ store
The bank says 1,000 users have downloaded the app.
Indian digital wallet LovePay targets Gen Z market
The fintech already has more than 100,00 sign-ups.
Tell it cos it’s a good story
Why do all these dreamers and makers and poets work in banking transformation?
Video: Coforge – harnessing emerging tech and deep domain expertise in financial services
Digital services, intelligent automation, data & analytics, cloud & infrastructure – engage with the emerging!
Former Diamond Bank CEO launches Nigerian start-up Sparkle
Sparkle already has a banking license from Nigeria’s central bank.
Baltic bank Luminor signs on FA Solutions to simplify cross-border ops
Luminor has been working on centralising its IT systems.
Bank of America’s Merrill revamps client management workstation
The old system has been in place since the early 2000s.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
TransferWise hits £2 billion in customer deposits
Users can now send money with just a phone number.
