Colombian consumer credit fintech Addi lands $15m
Addi delivers credit at the time of payment for a product or service.
Digital
IBM joins 12 banks backing blockchain platform We.Trade
From July 2020, We.Trade is on the look out for more bank partners.
Coldplay-backed crypto wallet Zumo launches app
The fintech is backed by Coldplay’s bassist Guy Berryman.
Pacific National Bank launches digital challenger Facile with Nymbus
The bank is using Nymbus’ SmartLaunch technology.
Resident FinTech Futures expert Greg Watts launches Findr
It is focused on using AI to streamline commercial partnerships.
South Korea’s fintech sandbox lands $110m and creates 380 jobs
Fintechs can be exempt of regulations for up to four years.
Budgeting strategies for government stimulus payments
Suggestions for how households could maximise the impact of their payments.
Video: Top fintech stories this week – 22 May 2020
FinTech Futures’ weekly news round-up.
Ecommerce platform Shopify to launch ‘Shopify Balance’ for businesses
The account offering will land in the US later this year.
Raisin launches deposit solutions for US banks and credit unions
The fintech wants to help US retail banks offer personalisation.
Remote work start-up Deel scores $14m series A led by Andreessen Horowitz
Andreessen general partner, Anish Acharya, is joining the San Francisco-based company’s board.
Brazil introduces open banking with UK fintech Ozone and TecBan
Phased implementation will start in November 2020.
Revolut Business integrates with Clear Books for UK users
Clear Book’s bank feeds will refresh four times daily.
Societe Generale tests digital euro with Banque de France
The bank hopes the test will pave the way for a more simplified market infrastructure.
In a micro-app modern world, micro-differentiation matters
The best solutions are those that intertwine physical and digital channels.
Banking software solutions for home working
Co-browsing and client portal technology is making it easier for bank advisers to work from anywhere.
EIS launches in the UK
The insurance platform expands its global footprint.
White paper: The Reconciliation Maturity Model
A blueprint for consolidating, automating and driving efficiency across reconciliations – and beyond.
WorldRemit chooses Onfido to further automate its account onboarding
Onfido will automate WorldRemit’s KYC decision-making process.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
Billon pilots digitised national currency with Raiffeisen Bank
If successful, the project could be deployed to RBI’s CEE countries.
India’s micro business financer Lendingkart raises $42.1m in Series D
The total raised includes the start-up’s D1 raise last August.
Unsolicited advice on unsolicited advice
Good advice is measured, informed & situation-specific. Our industry has thrived on producing generic postulations.
Dubai fintech Ziina lands $850,000 and launches P2P payment app
The start-up’s funding round was led by San Francisco-based Class 5 Global.
Money Dashboard appoints ex-PayPal CEO as new chair
Edinburgh-based fintech prepares for next growth phase.
New digital business models depend on agile and adaptive compliance processes
Flexibility, rhythm, and simplification are vital in helping institutions survive and thrive in this riskier world.
Streamlining remittance, empowering migrant workers & driving inclusion worldwide
The ability to send money home is critical, but not always easy for migrant workers.
Swiss fintech Lykke launches blockchain initiative with ‘Crypto Dad’
“We have to leverage the tech that’s there,” says Lykke’s CEO.
Myanmar’s Wave Money lands $75.3m from Ant Financial
Wave Money has tapped more than 21 million people in Myanmar.
E-book: Are you using the best approach to verify customer identities?
Safely onboard more customers, supercharge your operations team, address identity AML & KYC compliance.
Banks investigate sales push linked to corporate loans
Barclays, Deutsche, HSBC and Santander among lenders conducting internal reviews.
UK fintech Fly Now Pay Later lands £35m Series A
The start-up says it will use its investment to help “reboot” the travel industry.
Longevity Card lands investment from Deep Knowledge Ventures
The card will launch in the UK and Europe in early Q4 2020.
Emerging services and solutions amid the COVID-19 chaos
Financial services are expected to play a pivotal role in helping the global community emerge from this crisis.
COVID-19: Highlight of the week
We focus on one particular coronavirus news item affecting the fintech industry.
Indian neobank Walrus aims for teenage market
Newly launched bank wants to help teens learn about “bad world of money”.
WeChat to offer credit scoring to its 600m users
Th Big Tech will attribute “payments points” to determine a “trust” value.
Oracle gains three new Flexcube customers in Nigeria, Thailand, and Laos
Technology vendor also reveals 13 go-lives for Q4 2020.
HSBC launches e-wallet PayMe for teens in Hong Kong
The adult version already has 1.9 million customers across Hong Kong.
Digitalisation a must-have for lending in a post-COVID world
The coronavirus pandemic has affected and disrupted every aspect of financial services.
