Underpinned helps companies pay freelancers with Banked
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
Digital
Al Ansari Exchange chooses Pelican’s AI-based AML solution
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
Open banking: A move towards greater or lesser transparency in banking?
Will it reduce or increase information asymmetry between consumers and finserv companies?
Yapeal awarded Switzerland’s first fintech licence
Challenger plans to reinvent retail banking in the country.
Mastercard and Samsung sign Pay on Demand partnership
The two firms aim to arm businesses in emerging markets.
Al Wifaq International Islamic Bank selects ICSFS Islamic system
Newly established Iraqi bank picks ICSFS over five other providers.
Over one million users migrate from Yes Bank’s to ICICI Bank’s UPIs
The collapse of Yes Bank is causing ripple effects for UPI partners.
Agora Services lands $2m in seed funding
The founder previously built French digital bank Fortuneo.
Tandem launches AI personal finance adviser Ada
The AI assistant can predict cashflow, spending patterns and forecast balances.
What can we expect in the next decade?
From big data and cloud to developments in distributed ledger technology and more.
Video: Top fintech stories this week – 13 March 2020
FinTech Futures’ weekly news round-up.
Santander buys Spanish fintech Mercury TFS
Santander hopes the deal will enhance its global trade platform operations.
FCA issues coronavirus cryptocurrency scam warning
UK watchdog tells investors to be wary of deals too good to be true.
BandPay lands $2m to help musicians get paid
“This is a crucial investment,” says co-CEO.
Global fintech funding: 2018 still stands as the reigning year
As of February 2020, year-over-year deal counts were down by 22%.
Wirecard strikes again with Klarna payments partnership
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Standard Chartered launches Banking as a Service solution in Indonesia
The white-label service was incubated at SC Ventures.
Inclusion, innovation, and mobile money in Sub-Saharan Africa
“If our systems fail, a big part of the economy would fail,” says exec.
Step aside China, it’s Southeast Asia’s turn in the spotlight
The region is full of promise and possibility for investors and entrepreneurs alike.
Budget 2020: What’s the fintech impact?
FinTech Futures picks out the fintech tidbits in this week’s announcement.
Rizq launches in UK as Sharia-compliant challenger bank
Rizq plans to benchmark itself as close as possible to existing challengers.
Alipay plans digitisation for 40 million Chinese service providers
The move marks a shift in the business from financial to digital services.
Visa teams up with Nigeria’s Paga
Lagos-based Paga holds more than 14 million customers across Nigeria.
Metro Bank partners with ezbob to launch SME lending platform
The bank claims businesses will receive loans in minutes.
Report on cloud transformation in banking: The 2020 state of play
Investigating how a new year and a new decade have impacted the drive towards a cloud-based future for banking.
Lloyds signs customer experience deal with Google Cloud
UK bank to deploy Google cloud services to “improve customer experience.”
Revolut seeking UK banking licence before year end
The neobank currently only has one banking licence in Lithuania.
San Fran money manager Empower Finance lands $20m Series A
“There’s growing demand in the market for financial knowledge to be more practical,” says CEO.
Aussie neobank Hay chooses Mambu’s cloud banking platform
Mambu landed two other Asia-Pacific deals this month.
Standard Chartered unveils new Hong Kong challenger bank Mox
The bank’s card will be numberless to prevent fraud.
Community Bank Bangladesh goes live on Infosys Finacle in 48 days
New bank plans to rapidly scale with Infosys system.
FirstBank picks Finxact to replace 35 year-old core banking system
Colorado-based bank is among early takers of Finxact’s core banking system.
First Digital Trust bags $3m investment led by Nogle
FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.
Family finance app Jassby raises $5m, anticipates $20m round later this year
CEO says rounds will drive fintech closer towards 1 million users within a year.
Tandem lands funding, tipped to buy “green” lender
The bank is set to announce “the acquisition of an established ‘green’ lending business”.
Challenger bank Copper latest to tap America’s teens
Copper is yet to reveal its launch date but has opened a waiting list to teens.
Leap Finance raises $5.5m to help finance Indian students abroad
Start-up wants to change the way students are given credit.
PFM app Bean shuts down 15 months after BGL Group acquisition
Bean no longer accepting new sign-ups and set to close later this month.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
Explained: Cryptojacking
IT professionals constantly need to look for tell-tale signs in their networks.
