Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Digital
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.
US challenger Bask Bank launches with AA miles saver scheme
Customers get one ‘AAdvantage’ (AA) mile for every dollar they save.
On financial literacy: Fintech can be the key to future-proofing the UK economy
This stems from the lack of basic financial education or applied maths in schools.
NewDay, new opportunity
NewDay improved functionality by bringing digital acquisition & servicing in-house.
20th Banking Technology Awards Supplement
A golden celebration of excellence and innovation.
RBS neobank Bó reissues cards due to authentication issue
The post cites “new” regulations which came into force last September.
Top executives at SoftBank’s $100bn Vision Fund set to leave
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
Bankable and Visa extend partnership with US collaboration
Bankable also plans to open New York office.
Tom Shen joins Sensibill as chair of the board
Shen is a proven expert at scaling digital banking services for financial institutions.
GoSave to launch digital piggy banks in UK before Christmas
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
The personal touch
Anna Loevskaya talks about corporate digital banking & the role of content in selling SaaS.
Robotic process automation: A real boon for financial services organisations
It’s a great tool for automating repetitive back office processes & increases efficiency.
Ask the expert: why is Account Based Marketing important and how can I do it effectively?
Get your sales pipeline moving in the desired direction with ABM.
Video: Intellect Design Arena at MoneyLive London – an age of open infrastructure
Banesh Prabhu talks on FinTech Futures about open banking, legacy tech and CX.
Edison Financial reboots itself to launch Canadian digital mortgage start-up
Founder Hash Aboulhosn restarts company to found new venture.
Goldman Sachs to offer SME loans on Amazon lending platform
The product could go live as soon as March this year.
SaaS fintech Rimilia raises $15m from SVB and other investors
The investment brings the fintech’s total funding raised to $40 million.
CIMB Bank Philippines deploys Jumio authentication tech
Its mobile app will integrate “AI-driven” Jumio identity verification technology for its KYC.
Australia’s Commonwealth Bank to back 25 start-ups
Home-In and Vonto are the first two Aussie start-ups to join the incubator.
Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
A culture of innovation
Morgan Stanley is making waves with three wins at the Banking Tech Awards 2019.
BIS fintech report: More harmonised standards and less TPP reliance
BIS has published a cross-country review on the fintech regulatory landscape.
OakNorth to deploy lending platform for Dutch lender Oimio
Newly-launched firm aims to help SMEs with loans of €1-10 million.
Philip Hammond joins OakNorth advisory board
Conservative grandee Francis Maude will also be joining its advisory board.
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
How AI can address the global sanctions challenge
Banks shouldn’t delay exploring an AI-powered approach to their existing screening processes.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
