Fintech investment tips: ETFs, CFD and beyond
Opportunities for traders are no less diverse in the modern market.
Digital
Santander’s money transfer fintech PagoFX launches in UK
Fees will not be incurred until 16 June 2020 for transactions under £3,000.
Mastercard’s Ethoca teams up with Microsoft to offer digital receipts
The Canadian firm has an ongoing partnership with Microsoft.
Tide launches Coronavirus Government Support Eligibility Checker
Its aim is to help SMEs get access to the financial aid during this time of crisis.
ThoughtSpot CEO: “We haven’t seen any cutbacks” due to our automation in banks
The banks ThoughtSpot works with are hiring more people to power its automation.
Identity verification platform Onfido bags $100m from TPG
The start-up wants to create an alternative “identity verification” layer for the internet
Credit Kudos lands £5m Series A ahead of FCA’s credit market study
The capital raise was led by AlbionVC.
PayTech Awards deadline extended! Submit your entry by 30 April
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
Currencycloud strikes FX partnership with Derivative Path
Partnership will see both firms combine their systems.
Singtel’s NCS and NETS to develop electronic payments platform for central banks
The firms will also create a “next-generation” suite of central banking products.
Big data fintech GeoDB bags £1.37m from Seedrs investors
The UK fintech combines big data, blockchain and crypto into ‘Big – Crypto’.
Indian challenger-to-be Jupiter raises $2m in venture funding
The new round comes as a top-up to a $24m injection from November 2019.
Chinese tech giant Huawei to launch new consumer credit card
Chinese manufacturer borrows a selection of Apple Card features for new product.
Visa invests in open banking platform Railsbank
The regtech firm gained extra capital from Japanese VC Global Brain.
Women-only neobank Elas to launch in Brazil
Elas was officially founded in January this year.
UK fintech Phos raises €1.3m
The round was led by New Vision 3, an early-stage VC based in Bulgaria.
Vietnamese fintech Finhay bags funding from Acorns’ co-founder
Acorns says the fintech is “revolutionising” access to wealth management.
Minna Technologies pilots subscription management for RBI’s Tatra banka
The pilot is part of RBI’s ‘Elevator Lab Programme’.
Revolut and open banking – what’s the big deal?
The announcement from Revolut should be seen as a must win gamble.
2020 Review: Top five outages, data breaches & cyber-attacks this quarter
Reflecting on some of the most topical outages & cyber-security attacks this past quarter.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Fintech can’t tackle financial services without tackling its diversity problem
Not only was the gender homogeneity disheartening, it’s also a serious problem.
Trump’s COVID-19 stimulus plan needs to swap checks for digital dollars
The potential for a CBDC to make such disbursements more efficient and effective is multi-faceted.
Video: Top fintech stories this week – 10 April 2020
FinTech Futures’ weekly news round-up.
Top 10 coronavirus initiatives by fintechs
Many fintechs have used this pandemic as an opportunity to show their mettle.
How selfies can make us all safer
A simple and quick way for consumers to be able to verify the authenticity of ID documents.
App-based payment solutions to delight merchants and their customers
The world of commerce is abuzz with the need to delight customers by providing a digitally enhanced shopping experience.
Making remote working work
This is critical to the continued success of your business in these unprecedented times.
Chime pilots instant $1,200 stimulus check payments
The US government plans to distribute stimulus checks from 13 April.
Cultivate investor platform aims for Silicon Valley in Europe
The new platform founded has been created by venture firm Blossom Capital.
Singapore’s financial regulator unveils $87.8m fintech care package
The package is one of the most fintech-specific aid offerings seen so far.
Fintech Neat lands $11m to help SMEs trade between Asia-Pacific and Europe
The fintech landed Visa as an investor and new card partner.
Transformation in a post apocalyptic world
How do we ensure we are in a better place to serve, deliver, survive in the next Black Swan event?
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
US-based Customers Bank adopts OakNorth’s lending platform
The US bank holds $11.5 billion in assets.
Fifth Third Bank plans 1,000 new roles for COVID-19 jobless
The US bank is hiring across retail banking, mortgages, and operations.
86 400 raises AUD 34 million in Morgan Stanley-led Series A
This brings the total capital raised by 86 400 up to AUD 90 million.
Consumer fintech SoFi to acquire Galileo for $1.2 billion
Both CEOs say now is “the right time” for this deal.
Free Senegal migrates to Comviva to boost mobile money offering
The mobile network operator has 4.4 million subscribers for its digital wallet.
Vodacom and Safaricom finalise M-Pesa acquisition
Joint venture takes control of popular mobile money brand from Vodafone.
