Revolut bags $500m from TCV to drive daily account usage
The challenger wants to “accelerate daily usage of accounts”.
Digital
Banks rely on big bang system replacements to cope with real-time demand
An evolving customer base demands accelerated time-to-market, says Oracle’s Vikram Gupta.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
Data firm Akoya spun out as independent company by FMR
Akoya goes it alone after less than a year under FMR umbrella.
Three top tips to combat visual hacking
Make it hard for screens to be viewed, consider installing privacy filters and other points.
JP Morgan plans launch of digital consumer bank in UK
The US bank has been in discussions with UK financial regulators.
Central bank of Brazil plans launch of QR-based instant payments system PIX
All banks with more than 500,000 customers will have to use the new system.
WeChat Pay boosts UAE footprint with Network International
Network International partners now able to connect to WeChat Pay.
Credit card start-up Tribal Credit secures $5.5m in seed funding
New firm aims to help start-ups in emerging markets.
US gets new challenger Level Bank by Zero creators
CEO Bryce Galen says the new venture has “the highest APY-deposit account in the US”.
How APIs overcome the challenges of digital transformation
No transformation is pain-free.
Bank of Singapore appoints new chief data and innovation officer
Celine Le Cotonnec will join the institution in its newly created role.
Bremer Bank aims to revamp digital banking with Backbase
Minnesota bank looks to boost customer experience with Backbase tech.
Morgan Stanley to buy E-Trade for $13bn in bid to tap online traders
The Wall Street investment bank is branching out from its wealthy client base.
iSignthis to form blockchain venture with NSX to compete with ASX
NSX suspended iSignthis from trading on its platform five months ago.
Barclays spies on staff, CEO investigated for Epstein links
The technology tells staff to mute their phones and avoid breaks.
US banks debut cloud-based Finastra Phoenix platform
Commerce National Bank & Trust and Commencement Bank deploy Phoenix on public cloud.
Standard Chartered snaps up top fintech exec
Kahina van Dyke joins Standard Chartered CCIB from from Ripple.
Opel Bank becomes first European lender to pick FIS Modern Banking Platform
FIS follows up its Union Bank deal with a new partner in Germany.
Taking chances: An interview with Chuka Ikele, legal counsel at CrossLend
Drawing connections between the correlation of law and finance.
Fiserv completes PIN on Mobile pilot in Poland
The tech vendor worked with Visa, Samsung and PayCore to test new product.
Mastercard plans its first European cybersecurity centre
The Cyber Resilience Centre will work with European cybersecurity agencies.
FCA: Innovative fintech entrants putting some customers at risk
UK watchdog warns of customer risk exposure from flashy fintech firms.
Pakistani challenger Sadapay preps 2020 launch
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Monzo set to hire another 500 and reintroduce paid accounts
CEO Bloomfield says it is also looking into lending more as a revenue driver.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
Flywire secures unicorn status with $120 million Series E funding round
Goldman Sachs led the latest round.
Community spirit: Reminiscing on the halcyon days of the bank branch
“I had to find out how to best serve people and customers at a community level.”
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
Decentralised versus centralised finance: Impacting a global market
Maybe a hybrid of both systems will be the future of finance.
Moven and STC Pay plan challenger bank in Saudi Arabia
Moven founder announces new bank on social media.
FinovateEurope: Danske Bank’s UK chief digital officer doesn’t like chatbots
“I don’t like them, and more importantly customers don’t like them.”
Hampshire Trust Bank taps Ping Identity to improve customer experience
HTB aims to improve its monitoring, optimisation and alerting systems.
Klarna buys Italian paytech Moneymour
A product development hub will be launched in Milan.
Why we need to persuade governments to tokenise the world’s forests
Tokenisation is a new innovative mechanism for sustainable financing.
The risk of siloed IT procurement
Why it pays to say no to the silo.
White paper: Accelerating RPA with a comprehensive process intelligence platform
Process intelligence is critical to the success of any RPA initiative.
FinovateEurope: Key takeaways
Sharon Kimathi and Ruby Hinchliffe explore the event’s top five themes.
LAPO Microfinance Bank in tech overhaul with Oracle
LAPO Microfinance Bank switching a number of systems.
TransPecos Bank signs up Nymbus for core banking transformation
Texan bank already deploys Nymbus at its digital subsidiary.
