Snoop closes £10m on Seedrs
The Snoop app launched in April.
Financial Services/Finserv
Nordic challenger Lunar lands $47m Series C
The round arrives just seven months after its €20 million Series B extension in April.
PrimaryBid lands $50m from LSE, Draper Esprit & ABN AMRO
It adds to PrimaryBid’s $8.6 million Series A last year.
Stability of financial institutions during and beyond COVID-19
How should banks provide consumers with what they need and can afford?
Monet Money to target UK’s creatives with cash flow app
The beta version of its app is expected to land in February 2021.
Owner of Hong Kong robo-advisor Aqumon lands Alibaba-backed $30m
Aqumon offers B2C and B2B solutions.
Restrictive covenants during COVID-19: are they enforceable?
Can you enforce such clauses in a post-pandemic world – and should you?
Effectively combating fraud while staying user-friendly
The current cyber threat landscape, authentication methods and how the industry continues to fight back.
Video: Top fintech stories this week – 23 October 2020
FinTech Futures’ weekly news round-up.
NatWest accelerator graduate Hoddle launches beta savings app
Hoddle was brought onboard to NatWest’s accelerator programme by Steve Chown.
FCA and PRA fine Goldman Sachs £96.6m for 1MDB scandal
The investigation found that GSI breached a number of FCA and PRA principles and rules.
TransferWise waives fees on $20m in donations to COVID-19 research
All donations will be exchanged via Google and Reuter’s mid-market rate.
Unifimoney signs cross-border payments deal with Nium
The US neobank promises an “enhanced outbound money experience”.
Woman-owned de novo Agility Bank gains regulatory green light in Texas
Agility Bank aims to raise $30 million prior to launch in 2021.
The power of the collective
Martha Mghendi-Fisher is creating a community – a tribe – for women in the financial services industry.
FinTech Futures Jobs: six skills that can get you hired in fintech
The global market is predicted to grow at a rate of 25% annually – plenty of opportunities for job seekers!
PayPal brings crypto further into mainstream with wallet update
PayPal landed the first conditional crypto licence from the NYSDFS.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
First Women’s Bank picks Fiserv to underpin 2021 launch
The US neobank will operate out of Chicago to challenge small business lending in the US.
Line launches messenger-based banking platform in Thailand
Line has developed and operates the service in collaboration with Thai bank Kasikornbank.
Unqork signs Life.io partnership weeks after $207m Series C
Life.io will build its customer engagement apps on Unqork tech.
Game over, insert coin
We are trying to pay lip service to wholesale dramatic change but get away with cosmetic modifications.
Visa and Mastercard abusing UK duopoly, say retail groups
The major card schemes are accused using their position to charge increased fees.
Hong Kong challenger WeLab Bank goes live on Temenos Transact
The neobank launched a few months ago.
European lender Capitalbox buys rival Dutch arm of Spotcap
The deal marks Spotcap’s exit from the direct lending market.
PeoplesBank picks Nymbus to help launch digital bank Zynlo
Regional US bank stand up digital branc with help from Nymbus.
White paper: Low code development in banking and its role in high speed content-based services
How banks can make more strategic use of their content, developing applications at speed that transform services & user experiences.
UK challenger Lanistar lands £15m from CEO’s family
“Lanistar is not only planning to stand out, but step over all the other start-ups”.
Curve to launch new credit facility powered by Thought Machine’s Vault
Curve Credit allows customers allows customers to pay for their purchases in instalments.
TreeCard raises $1m from Ecosia ahead of 2021 launch
TreeCard, set to launch next year, is made of sustainable cherry tree wood.
GPS secures Visa investment to fuel international expansion
Payments processing firm plans to branch out from Europe and South East Asia.
Canadian invoice firm FundThrough raises $50m to support SMEs
FundThrough aims to eliminate the “wait” for SME payments
Russia’s Yandex and Tinkoff scrap $5.5bn deal
Internal email suggests agreement was lost on nature of the merger.
Unlocking the benefits of unstructured data in banking
Key areas that the sector is failing to tap into with ML and AI.
Stripe acquires Nigerian start-up Paystack in $200m deal
Paystack has 60,000 business customers across Nigeria and Ghana.
TD Bank files lawsuit against Plaid for “duping” its customers
The bank claims Plaid is violating its trademark and tricking customers into handing over data.
Kish Bank picks CSIs NuPoint to fuel digital change
Bank says CSI has been behind it “all the way.”
CUNA Mutual Group acquires lending platform CuneXus
CUNA has been an early-stage investor in CuneXus since 2017.
Aussie challenger Judo Bank picks nCino Bank Operating System
Judo Bank aims to automate processes to focus on customers.
Future economic relief should care for more families
Deserving families have continued to be unfairly excluded from government relief throughout the COVID-19 crisis.
