DBS launches QR-code based b2b payments
DBS’ QR-code based solution is powered by DBS Rapid and DBS Max.
Digital
Tonik digital bank selects Finastra Fusion Essence
The Philippines’ first digital bank selects its new core.
FCA admits it does not track frequency of funds that block investor withdrawals
The UK financial watchdog has been severely criticised for its lack of oversight of several funds.
Plaid and Honey: How consolidation helps and hinders competition
Consolidation is now becoming synonymous with standardisation – breeding competition.
ICAP founder to invest £25m in new fintech fund Element Ventures
It’s one of the largest investments Spencer has made since selling Nex to the CME.
For the sake of fraud fighting: how to secure online transactions on the Russian market
All the new forms of digital interaction are getting particularly vulnerable to fraudulent activities.
Dubai-based challenger OG Bank selects Bankable to tap UK and Germany
The bank says ‘OG’ stands for ‘on the go’.
Volt closes $70m ahead of IPO plans
Volt plans for $50 million Series D round with British and Middle Eastern investors.
Lydia raises €40m in Tencent-led Series B funding round
Tencent-backed funding to be used to avoid “costly mistakes”.
Azimo shake-up sees appointment of new CFO and COO
Remittance fintech looks internally for C-level replacements.
Tink raises €90 million to power European expansion
Swedish open banking firm brings funding total close to the $200m mark
BMLL appoints Paul Humphrey as CEO
Johannes Sulzberger, outgoing CEO, will remain on the board as a non-exec director.
UK’s open banking tech hits one million customer milestone
The number doubled in the last six months.
Brazil’s Ebanx launches beta digital wallet Ebanx Go
The fintech is testing the digital wallet with 10,000 customers.
Japan’s MUFG switches CEO after first year, digital chief takes control
The unusual decision points to the bank’s newly-placed importance on fintech.
Siemen’s Mendix builds Rabobank’s new banking portal RaboDirect
The new portal will process front and back-office transactions.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
Capital markets fintech iStox raises $5m in South Korea
iStox claims to offer one-stop issuance, custody and trading of digitised securities.
‘Crypto Dad’ promotes blockchain-based USD with Accenture in new think tank
Giancarlo wants to “catalyze a digital, tokenised US currency”.
PeoplesBank opts for Nymbus onboarding and marketing tech
Nymbus to underpin West Massachusetts’ largest community bank.
Fintech Autenti lands $4.48m from three major Polish banks
Alior Bank, BNP Paribas and PKO Bank Polski have all invested.
Revolut valued at $5bn by investors ahead of new fundraising
The valuation is nearly three times its last estimated valuation of $1.7 billion.
The problem with better banking
Surely banking customers want and deserve better banking?
When it comes to supporting the underbanked, the best solution might be a little old school
Community banks and the underbanked need one another.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
Tradeshift raises $240m in bid to become profitable
CEO Christian Lanng confirmed Tradeshift is not planning a 2020 IPO.
Raisin acquires Choice FS as first step into US deposits market
Raisin’s CEO Paul Knodel calls Choice FS “a perfect fit” for its US mission.
Union Bank picks FIS to underpin digital transformation
MUFG-owned bank the first user of new FIS platform.
For love or money
The technology liberates us in the most terrifying way.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Banco Sabadell kicks off $1bn hybrid cloud transformation with IBM
Spanish giant signs cloud services extension with Big Blue.
Payments industry underestimates Facebook Pay at its own peril
Tony Craddock, director general of the EPA tells FinTech Futures his views on the tech giant.
EXCLUSIVE: Meezan Bank undergoes digital revamp with Oracle
One of Pakistan’s largest Islamic banks to implement Oracle’s Banking Digital Experience.
GAM partners with SimCorp to consolidate its operating platform
SimCorp Dimension will serve as GAM’s core front office platform and IBOR.
Swedish mobile loan app Bynk rebrands to neobank Rocker
The fintech is launching in wider Europe and plans for listing.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
How UK start-up The Money Platform is transforming credit for millennials
EXCLUSIVE: The lendtech is rolling out its open banking offering.
Challenger Longevity Bank positions itself for the silver generation
EXCLUSIVE: Co-founder Sergey Balasanyan tells FinTech Futures of his 2020 plans with the neobank.
Salaam African Bank in tech overhaul with Oracle
EXCLUSIVE: The deal includes Flexcube core, digital banking, payments and trade finance solutions.
