Neobank Mercury aims to serve US start-up scene
Founded in 2017, the bank has raised $26m so far.
Financial Services/Finserv
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
Japan’s SMBC invests $30m in OakNorth
The Japanese giant is also deploying OakNorth’s Credit Intelligence software.
Opportunity costs for cynics
The only new opportunity COVID gives us is to be honest about the opportunities we missed.
Jumio discusses the importance of video-based identity verification
“With video, we can reduce onboarding time from days and hours to minutes.”
UK BaaS provider Griffin lands £6.5m to fund banking licence
Ex-Airbnb software engineer David Jarvis leads Griffin.
If consumers welcome new payment options, why are they slow to adopt them?
The world of payments continues to evolve, but are consumers evolving with it?
Nasik Islamic Bank goes live with BML Istisharat core system
BML deployed the ICBS core platform in four months.
FNZ acquires investment solution vendor Silica from Ninety One
Silica claims to service more than 1.3 million investor accounts.
MSU Federal Credit Union built its own app in 2009 – where is it now?
MSU holds around $5.5 billion in assets and is America’s 48th largest credit union.
United Fintech launches in UK and acquires NetDania
Danish fintech NetDania supplies forex and trading technology and data.
SBM Bank India plans challenger for emerging affluent market
SBM is partnering up with PayNearby for its initial stages.
Temenos wins new US customer in de novo bank ACDC
ACDC is in the process of applying for a banking licence in the US.
French telecoms firm launches prospective challenger bank
Noelse is still in the very early stages of development.
What the Fintech? Episode 16 | Financial inclusion 2020
Nina Mohanty shares her research findings on financial inclusion around the most vulnerable people in our communities.
Innovation in Retail Banking Report 2020
Responses from 750+ senior bankers the world over with a focus on adapting to changes brought on by COVID-19.
Lawyers turned payment processors serve world’s richest consumers
“We’ve already broken even,” says CEO.
Coconut searching for new CTO
Allistair Crossley leaves after three and a half years at the fintech.
Onfido appoints new chief executive as Husayn Kassai steps down
Mike Tuchen steps into the CEO role at the fintech.
Uber plans return to financial services with hires “across the board”
The firm is “not ready to announce anything yet”.
Hampshire Trust Bank picks Centelli for lending RPA solution
The bank aims to reduce manual processes.
How fintechs profit from human potential
The education industry is keeping pace with offering ever more options for postgraduate education.
Report: Three key strategies for customer experience success
In-depth industry report on customer experience, featuring expert insights from Mettle, HSBC & Northwestern Mutual.
Video: Top fintech stories this week – 13 November 2020
FinTech Futures’ weekly news round-up.
Chinese regulator continues to clamp down on dominant fintech players
The CBIRC’s Liang Tao warned fintech lenders at a conference in Beijing this week.
Keyrock raises €4.2m to develop digital assets liquidity solution
Brussels-based firm will use cash to accelerate its product offering.
UK BaaS Railsbank lands $37m for US credit expansion
“Railsbank [is] set out on a mission to be a truly global platform.”
Standard Chartered signs five-year cloud deal with AWS
The bank deepens its relationship with cloud hosting giant.
Tink appoints SimCorp CEO Holse as new chairman
Holse says Tink is “leading the charge” in open banking across Europe.
Banking Technology November 2020 issue out now
Without limits: The Barclays accelerator races ahead
Neobanks may have lost their shine, but the fintech revolution is far from over
Now, a few years on from what seemed like an unstoppable rise, things aren’t quite so rosy.
Fintech execs race towards workplace diversity
Divido’s Christer Holloman launches Fintech Finishers to raise D&I awareness.
European Investment Bank invests $80m in Lithuania’s SME Finance
The firm is charged with backing Baltic enterprises through the COVID-19 pandemic.
Grab leads $100m investment in Indonesian e-wallet LinkAja
Singaporean fintech begins investment project in Indonesia.
Nigerian challenger bank Kuda raises $10m in seed funding
Kuda completes the largest seed round in Africa.
Banco Santander’s VC arm invests in Spanish proptech Clikalia
Clikalia’s IPO ambitions were likely a big part of Santander’s decision to invest now.
Let them eat cake
The pay-off in building a bank for the future vs the short-term gains of playing it safe is worth every single bite.
Sber talks Big Tech strategy two years on from Yandex rebuff
“People think we just bought a load of start-ups and slapped our name on them,” says CTO.
Brazilian malware Ghimob targets 153 financial apps
Kaspersky researchers believe the malware is ready for a world tour.
New wealth managment app Fortu plans crowdfunding campaign
The wealthtech says it provides “secure, reliable and international financial reach”.
