How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
Digital
Mastercard granted entry to Chinese payments market
People’s Bank of China gives Mastercard a green light.
FinovateEurope: Nasdaq’s behavioral sciences head says AI can be “nonsense”
“People talk about AI as if it can solve anything, but it isn’t the only answer.”
Three Irish credit unions sign for Temenos’ banking tech
Capital Credit Union, Credit Union Plus and Tullamore Credit Union sign for Temenos’ tech.
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
Varo Money enters final stage of becoming nationwide bank
Mobile banking firm Varo Money has gained approval from the Federal Deposit Insurance Corporation (FDIC).
Ask the expert Finovate special: I’m a new fintech
How can I generate awareness of my business among potential investors and clients?
Nigerian fintech start-up Aella raises $10m
This debt financing round is Aella’s second raise.
Transparent Systems comes out of stealth mode with $14m funding
Ivestors: “The financial industry is ready for new technology to improve the way people pay for goods and services.”
Kasisto increases Series B funding round to $22m
The additional $7 million came from Napier Park Financial Partners.
Majority launches digital banking products for immigrants
It’s relying on two drivers: physical meetup spaces and brand ambassadors.
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Funda Finance Partners in lendtech revamp with nCino
US-based nCino has gained further presence in Australia via a new deal with Funda Finance Partners, an SME lender. New South Wales-based Funda will implement the vendor’s flagship cloud-based solution, nCino Bank Operating System, “to streamline its lending processes and enhance its customer experience”, nCino says. “Funda chose nCino after searching for a technology solution […]
Supplement: FinovateEurope 2020
Read our free FinovateEurope Supplement, packed with fintech goodness!
PSD2 turns two: Where do we go from here?
Break out the birthday cake as the Second Payments Directive (PSD2) just turned two!
Why Payments-as-a-Service is the first choice for FIs
More financial institutions are choosing to outsource their mission-critical payments infrastructure.
Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
Tandem Bank anticipates fresh £50m funding round
The figure raised is closer to £50 million, instead of the expected £100 million.
Ecommerce firm Dot lands $8m seed funding
The start-up builds ecommerce solutions for brick and mortar stores.
WhatsApp Pay to launch in India with initial 10m users
Facebook-owned firm plans a full roll-out this year.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Trustonic first to land EMVCo Software-Based Mobile Payments certificate
“[Our solution] brings the capability to literally anybody,” says Trustonic’s product director.
Rabobank spins out SurePay as independent company
Payments firm hailed as innovation success story.
Korean banks have growing concerns over Starbucks prepaid card
Starbucks said its prepaid cards had $1.56 billion in stored value at the end of 2019.
Fintech in the next decade: The intersection of what’s possible and what people want
Before we start to look at what the next 10 years hold, it’s worth taking a quick look back.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Fintech M&A: Prioritising growth and resilience
There is still runway for further consolidation.
An evolution in the world of trading
Traders are extremely bullish about the potential of digital assets and crypto-products.
How fintech is helping UK savers
Many of us have a poor relationship with saving money.
XP Investments forms partnership with Genesis
This will help XP streamline & automate workflows.
Receeve raises €4m in seed funding
This comes within a year of a pre-seed fundraise of €1 million from Seedcamp and others.
Envoy Group secures $13.5m investment for blockchain trade finance
Firm plans a full launch in Q2 2020, already has LatAm partners.
Rewire CEO: We want to be the financial marketplace for migrants
Traditionally, migrants have struggled to find a one stop shop for their finances.
German government proposes digital law over competition fears
The proposed clampdown targets anti-competitive behaviour by digital platforms.
British & European fintechs set sail for the US
A wave of British and European fintechs are seeking a foothold in the US finserv market.
Appy days for Jibun Bank
Jibun Bank won several awards for its uniqueness.
Hong Kong’s virtual challenger Za Bank selects Fiserv for card payments
Fiserv’s VisionPlus will power Za Bank’s entire card payment lifecycle.
Swedish consumer champion Woilà raises $3.1m
“You have most likely been screwed,” says co-founder on people’s previous purchases.
Aussie neobank Xinja hits $100m in deposits after 19 days
The challenger expected to do $120 million in deposits in a year.
