UK fintech Freetrade hit by claims of toxic workplace culture
Former staff said there was no HR person or office manager to voice concerns with.
Digital
Lloyds group to close 56 more UK branches this year
Staff numbers may be cut by “under 80” in affected branches.
EXCLUSIVE: TCS to power Israeli digital bank with debut platform offering
Unnamed new challenger will use TCS for its entire tech stack.
How FIS developed its “evergreen” core banking system
FinTech Futures speaks to Andrew Beatty of FIS about its new platform.
Unleashing the untapped potential of Latin America with Cardpay
With offices situated in Mexico City, Sao Paolo and Bogota, Columbia.
Barclays invests in digital receipts start-up Flux
Barclays already uses Flux’s technology on its beta programme Launchpad.
Kenya’s Standard Investment Bank plans $100m FX-focused fund
Mansa X as the fund is known, returned an average 24% and closed at $3 million.
UK’s PSR seeks input on New Payments Architecture competition issues
Regulator calls for comment ahead of 2021 launch.
The future of trade finance
We speak to Mastercard, NatWest and Marco Polo senior executives about their partnership.
Fireside chat: why operational excellence in payments is critical to your future success
Improving your operational efficiency is on the forefront of competitive advantages.
EXCLUSIVE: Woodforest National to Implement Finxact on Microsoft Azure
Furthermore, US-based Finxact has also made its first core banking system sale abroad – in Thailand.
Rise of the machines: AI and machine learning in financial services
FinTech Futures launches its first industry report for 2020. Download it today!
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Pine Labs becomes Indian unicorn after Mastercard investment
Pine Labs valued at $1.5 billion after latest financing.
Bank of England seeks public cloud technology partner
Regulator looking into benefits of SaaS and PaaS.
Finnish SME banking service Holvi launches in UK
The challenger already has 200,000 customers largely in Finland and Germany.
Heidelpay seeks acquisitions and eventual IPO
“An IPO is of course always an option for fresh capital,” says CEO Mirko Huellemann.
Japan floats idea of a digital yen
Party lawmakers are working on proposals.
Catalyst Fund raises $15m from JP Morgan and UK Aid for emerging market fintechs
Thirty fintech start-ups from South Africa, Kenya, Nigeria, India and Mexico will get funding.
Part two: Who is best positioned to provide marketplace banking?
Three strategies for standing out in a market: cost leadership, differentiation, and focus.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
What does open finance mean for the wealth management sector?
Five opportunities that are both clearly beneficial for investors, and technically very feasible for FIs to develop.
Freetrade takes on Europe, starting with the Netherlands and Ireland
Germany and France are next on Freetrade’s list.
Liberis raises £32m to boost growth plans
The funding for the SME finance provider was led by investment firm FTV Capital.
Aussie neobanks challenge country’s big four banks
ANZ, Westpac, NAB and Commonwealth Bank have lost a collective half a billion dollars.
Alipay partner Tranglo integrates Ripple’s cross-border payments
Tranglo partnered with bigtech Alipay earlier this month.
BNP Paribas extends open banking partnership with Tink
French banking group now deploys Tink in Belgium and Italy.
What the “decade of the data breach” can teach us
Organisations can simply no longer trust that an online user is who they claim to be.
Digital broker Stake releases UK beta app ahead of February launch
The app plans to expand across Europe “in the coming months”.
Monzo bank accused of “freezing accounts for no apparent reason”
A private Facebook group, “Monzo stole our money”, has grown to 1,080 members.
Vodafone leaves Facebook’s Libra to focus on M-Pesa
M-Pesa is the telco’s digital payment service.
Amazon set to turn hands into cards with Visa
The bigtech is reportedly in talks with Mastercard, JP Morgan Chase and Wells Fargo.
GetVantage debuts with India’s first revenue-based financing platform
The alternate funding model is gaining significant traction in foreign markets.
Cloud: Does it deserve a bad rap from the Treasury?
The Treasury Committee singles out the cloud as a “source of systemic risk”.
Mortgage broker Trussle raises £7.5m
Fresh funding brings total investment in Trussle to £26.5m.
Goldman cuts personal lending after launching Apple card
Its partnership with Apple has taken some of the momentum away from Marcus.
Central banks in Europe, Japan and Canada assess potential digital currencies
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
UK challenger Vive gets restricted licence to help bad credit scorers
Vive aims to fully launch in the second quarter of 2020.
Three steps to effectively automating accounts payable
The best automated AP solutions can integrate all kinds of information and content formats.
Health Insurance & Protection 2019/20 Report: Movers, Shakers & Opportunity Creators
Exclusive research, industry insight, opinion and predictions – free download available now.
