US Department of Justice sets antitrust sights on Visa
Visa’s hold on the debit market in the US under investigation.
Financial Services/Finserv
OakNorth Bank lands £77.6m pre-tax profit despite COVID-19 provisions
The fintech lender’s total assets now sit at £3.1 billion.
Banque Saudi Fransi upgrades treasury systems with Finastra
Saudi Arabian bank goes live on new version of Finastra platform.
65% of UK financial institutions miss Treasury’s gender representation targets
Firms blamed targets for being “too ambitious”, and the impact of COVID-19 on hiring and pay.
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
Pollinate secures $50m Series C funding for US expansion
UK firm has raised $218 million to date.
Profile Software buys Euronext’s Centevo solution
Euronext offloads asset management platform after 2019 acquisition.
Deutsche Bank and TIS sign treasury deal
The pair will work on multi-bank services for treasury and finance.
London fintech Agitate latest to unveil open banking-powered payments solution
The solution skips the card ecosystem entirely.
Dallas fintech Stretch to offer former prison inmates bank accounts
The start-up’s aim is to help America’s formerly incarcerated people transition back into the country’s economy.
New US bank on the block Sable aims to support new migrants
Sable offers both debit and credit accounts for new arrivals.
US de novo Lili targets freelancers with tax tools & early payments
It wants to give freelancers an “all-in-one” banking app.
Video: Top fintech stories this week – 18 March 2021
FinTech Futures’ weekly news round-up.
What the Fintech? | S.2 Episode 7 | Class is in session
Tania Ziegler, senior research associate at Cambridge, joins us on this latest episode.
PayTech Awards 2021 – call for judges
Be at the forefront of paytech innovation and gain exclusive insights by joining our all-star judging panel.
Wise considers rare direct listing on London Stock Exchange
This would see Wise circumvent the conventional IPO process.
ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more
Plenty of funding rounds may have slipped you by this week.
Goldman Sachs analysts reveal abusive working conditions in leaked survey
“This is beyond the level of ‘hard working’, this is inhumane/abuse,” says one surveyed analyst.
Australia consults industry on more “sustainable” challenger bank licence
The APRA’s consultation closes at the end of April.
Sheroes Money is banking on India’s female entrepreneurs
India is home to just two self-made female billionaires.
Railsbank comes to Australia via tie-up with challenger bank Volt
Railsbank considers Australia “a highly strategic market”, where embedded finance is “still in its infancy”.
US fintech Sincere to target “pet parents” with debit cards
In 2019, Americans spent $95.7 billion on their pets.
Lithuanian fintech SH Payments picks Nano as new core system
Baltic Amber Systems beat “several” competitors to the deal.
OnPath Federal Credit Union selects NCR digital banking tech
OnPath to deploy NCR’s DI system across ten branches.
Avaloq CEO Juerg Hunziker to step back
Hunziker is replaced by the co-CEO pairing of Martin Greweldinger and Thomas Beck.
OCBC launches facial recognition at ATMs, region’s first
The biometric tool will be first used for account balance enquiries – piloted by eight ATMs.
How financial services leaders can create opportunities in a crisis
Retail banking is set to undergo up to three years of acceleration in digital banking preference just this year.
Canadian challenger Koho raises $56m in Series C funding round
The new funding is all headed towards building awareness in the market.
Low-code firm Genesis raises $45m in Series B funding round
Genesis had raised $4.8m over nine years prior to the new injection.
API fintech Flinks adds Levi King to turbocharge US growth
King brings funding, market entry, and growth expertise.
Socure raises $100m in Series D round featuring Citi & Wells Fargo
Digital identity firm to put cash towards new product lines.
Wealthtech for asset managers FundSense launches in UK
FundSense licenses the platform on a per-user basis.
New central bank rules push Pakistan’s banks towards digital payments
All Pakistani banks will need to provide debit cards to users who don’t already have one.
Time to apply 2020 tax lessons
You should have a candid tax planning discussion with your advisors early
The need for predictable poetry
Despite all our need for uplifting messages and poetry, the reality is we need predictability.
Nordea to deploy AxiomSL’s RegCloud for regulatory reporting
Scandinavian bank aims to meet Finrep, Corep, AnaCredit, and SHSG requirements.
Dear Luc: When is the best time to expand my fintech abroad?
When is the right time for a fintech to go beyond the domestic market?
Ikigai launches in UK to disrupt the asset percentage pricing model
Ikigai is charging a flat £10-a-month fee to early access users.
Web browser Opera hires ex-PayPal and Tencent exec to lead new fintech arm
The new EVP likens Dify’s potential to PayPal’s market disruptor status.
Rush Gold launches mobile card to pay with gold in real-time
The Mastercard offering is powered by EML Payments.
