Facebook’s Libra suffers additional regulatory scrutiny
FSB & G7 leaders believe it should halt operations until legal oversight is completed.
Digital
Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra
Facebook’s hopes of a global cryptocurrency are hanging in the balance.
Viva Republica cosies up to Standard Chartered in plan to form Korean challenger
A successful licence bid would create the third internet bank in the country.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Video: Top fintech stories this week – 11 October 2019
FinTech Future’s weekly news round-up.
Branch launches free checking account and debit card for hourly workers
The fintech wants to increase financial stability in the US.
FinovateFall 2019: PFM is making a comeback
The energy in the room was palpable, and all aspects of the financial technology community were on display.
Pakistan’s JS Bank first in country to launch ‘chat banking’ on WhatsApp
The service is free to use with no registration process.
Amex admits to data breach from employee trying to commit fraud
Card numbers and social security numbers were compromised.
Digital currencies: the rise of stablecoins
Policymakers would be wise to envision far-sighted regulatory regimes that will meet the challenge.
Temenos signs core banking deal with Maltese challenger Laskaris Finance
Laskaris will serve high-net-worth individuals and corporate clients.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
Swift to expand its gpi into securities and FX transactions
Swift predicts the world too will take this holistic approach to gpi.
Banks’ culture and governance next target for Australian regulators
There will be “deep dive” reviews if firms don’t deliver.
OakNorth appoints former Google executive
Sunil Chandra joins as CEO of its next-generation credit platform
DPR and ClearBank complete partnership, savings meet APIs
DPR’s core banking technology will serve Clear Bank’s savings customers.
AI: Understanding bias and opportunities in financial services
In this two-part series, Nadia Sood explores the issues with AI constructs.
Funding innovation: a penny for the thought you never had
You can’t avoid the pain and discomfort of change no matter how many digital agencies you engage.
SME challenger bank Recognise partners with nCino
Recognise plans a 2020 launch for SME banking.
Ripple inks blockchain partnership with Finastra
Finastra brings blockchain to its payments solutions.
Standard Chartered Bank tackles reporting restrictions with BearingPoint
The new solution covers more than 130 jurisdictions.
Yolt gets closer to all-in-one banking app with Raisin
Yolt’s UK, France and Italy-based users can now open a Raisin account.
Norway’s largest bank set to monopolise country with all-access mobile banking app
DNB has access to every bank in the country.
Russia’s Sberbank catches internal culprit of data leak
The leak could have affected at least 200 of its customers.
Fintech lender StreetShares partners with America’s rural Farm Bureau Bank
The lendtech gives SMEs a decision in minutes and funding within 24 hours.
Decentralised vs centralised exchanges: a comparative analysis
Crypto is not about rolling the dice but it’s about making tough decisions.
eBook: Accelerating banking efficiency
Exploring three opportunities available for banks to make the most of their existing infrastructure.
PayExpo 2019: Monzo COO not so sure it needed to be a bank for its success
His reasons boil down to expensive, slow and heavy hoops since its licence.
Verrency appoints former Westpac Group CTO to advisory board
Prior to joining Westpac, Wilson worked with SAP and ABN Amro.
Takeaways from FinovateFall 2019: shiny objects vs problem solvers
Bankers and tech experts share their views on the recent Finovate event in NY.
UK fintech Kantox partners with Citi Bank for FX solution
Kantox will deliver a “customised solution” for the bank’s FX clients.
Consumer champion app Snoop goes live, founded by ex-Virgin Money execs
The UK-based fintech is accepting sign ups on its waiting list.
Deutsche Bank to create new technology division
German lender aims to improve technology innovation
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
NatWest first UK bank to use fingerprint contactless credit card with £100 limit
Bank trials fingerprint-linked cards with 150 people.
UK government appoints fintech envoy for Northern Ireland
Andrew Jenkins to become lead ambassador for fintech in the country
CoinCorner CEO: Mark Cuban “naÏve and short sighted” about bitcoin
Cuban says he prefers bananas to Bitcoin.
ESAs identify weaknesses leaving high-volume transaction firms open to money laundering risks
The three European Supervisory Authorities (ESAs) publish their second joint opinion.
FinovateFall 2019: AI, ML, robotics and digital first
Three exciting days in New York witnessing the latest and greatest from over 70 fintechs.
IM payments arrive in Eastern Europe for Viber customers
Romanian Libra Internet Bank is acting as local acquirer.
