FinovateFall 2020: COVID-19 a chance to build, not just react
“Companies need to leverage this inflection point correctly.”
Financial Services/Finserv
Supplement: FinovateFall 2020
Read our free FinovateFall Supplement, packed with fintech goodness!
Deutsche and Innopay talk open banking beyond PSD2
FinTech Futures sits down with Deutsche Bank and API consultancy Innopay.
Chip breaks crowdfunding records to raise £10m in 48 hours
6,420 investors participated in funding backed by the Future Fund.
European Commission resumes LSE-Refinitiv antitrust probe
The EC had paused proceedings in July as it waited for data.
US Bank’s CDO leaves for Google after a brief stint
Before US Bank, White headed up BBVA’s creation unit.
EBA calls for EU-wide set of anti-money laundering rules
European regulator says national rules have had “an adverse effect” on AML.
Santander spins out Innoventures successor Mouro Capital with $400m
The bank has doubled its investment into its VC arm.
Nedbank Private Wealth appoints Chris Kirk as new chief risk officer
Chris M Kirk joins the firm to support its international growth.
Regulatory sandbox at heart of Egyptian fintech boom
“For the first time, we are seeing a key dialogue with central players,” says Paymob.
FinovateFall 2020: a return to the fundamentals
Greg Palmer, VP at Finovate, analyses what the “new normal” looks like for the finserv industry.
E-book: Financial services – the smarter way to workflow
Future-proof your financial services institution in an era of rapid transformation.
IDC Snapshot: Improving operational excellence and customer experience in retail banking
Organisations that have a common business and technology roadmap have had more success than those with separate plans.
Video: Top fintech stories this week – 11 September 2020
FinTech Futures’ weekly news round-up.
Wirecard’s UK subsidiary WCS confirms Railsbank deal
Update 10/09/2020: An asset purchase agreement with Railsbank subsidiary PayrNet Limited has been signed.
Mawer Investment Management picks SimCorp Dimension
The Canadian firm plans a front-to-back revamp.
Citi appoints Jane Fraser as new CEO
Fraser will be the first woman to lead a bulge bracket bank.
White paper: Addressing financial services technology challenges during growth
How to realise the full potential of IT integration: get your systems in order, be diligent about due diligence, and prepare for post-merger.
NAB and CommBank race to launch no-interest credit cards
The Australian banks are reacting to the proliferation of buy now, pay later firms.
Refinitiv and Microsoft agree on Azure partnership
Microsoft’s flagship cloud platform to support Refinitiv going forward.
Hungarian fintech PeasyPay continues hand and face payment roll out
In the UK, the start-up is working with taxi drivers in Glasgow.
JP Morgan fires staff for COVID-19 relief funds fraud
The largest bank in US clamps down on suspicious staff activity.
Caceis signs up with FIS to deploy new payment hub
The asset servicing firm aims for cross-border payments compliance.
White paper: how millennials & gen Z can power growth for financial institutions
Millennials (25-39 years old) and adult Gen Z-ers (18-24) represent over $3 trillion in spend.
IDC Snapshot: Establishing operational resilience to achieve customer excellence
The ability to simplify & streamline tech supporting important business services, leading to better customer outcomes.
Fintech Mode joins Hut Group wave with London IPO listing
Mode anticipates a valuation of around £40 million.
Thunes raises $60m in Series B round to power network expansion
Thunes plans to extend its reach in Asia, Africa, and Latin America.
State Bank of India boosts ATM and POS infrastructure with ACI Worldwide
The two companies have a longstanding partnership on payments.
TPBank revamps back office technology with Backbase
Vietnamese bank launches new products in nine months.
GAO urges FDIC to stop examiners fishing for bank jobs
Congress’s investigative branch calls on bank regulator to do more.
GoCardless bags new chief revenue officer to tap enterprise space
The fintech is currently drawing back its growth to preserve cash.
One more time, till you’ve got this
It’s time to pay it forward. To the next guy and gal.
Klarna set to nearly double valuation to $10bn
Klarna is looking to raise half a billion from a mixture of new and old investors.
Metro Bank unveils new “15 minute onboarding” for SMEs
The bank’s new online journey auto-populates business data.
Grab in talks for $300-500m AIA & Prudential investment
The up-to-$500-million target is to be spread over a number of rounds.
TrueMoney partners with Thunes to activate global remittances
Thunes claims to work with partners in more than 100 countries.
HMRC reveals £3.5bn in furlough payments sent in error
Around 5-10% of the scheme’s payouts have been made in error, says government body.
US Department of Justice mulls changes to bank merger legislation
Any amendments would be the first for 25 years.
UK Finance scheme stops £19m of fraud in 2020
The Banking Protocol teams up police and bank staff to stop fraudsters in branches.
PSP fintech Mollie joins unicorn club with €90m Series B funding round
Mollie was bootstrapped until its first funding round last year.
