Artis Technologies secures $1.5m in seed funding
The Atlanta lendtech grabs its first injection since launching in March.
Financial Services/Finserv
Standard Chartered Korea brings banking to consumers’ keyboards
“Banks must weave their services into customers’ digital lives”.
Xero to acquire Aussie invoice lending platform Waddle for $57m
Xero’s shares hit more than AUD 100 on 25 August.
Wirecard lets 730 employees go, more than half its workforce
The Munich court opened insolvency proceedings on 25 August.
India’s ICICI Bank uses satellite data for farmers’ credit assessments
The bank wants to scale up the service to 63,000 villages.
Unfinishedness, by degrees
If you are looking for principles to navigate unfinishneess by, ask “who”.
Co-operative Bank plans 350 job cuts, 18 branch closures
The UK bank reacts to an increasingly online demand.
US challenger for teens Copper lands $4.3m
The start-up has built an advisory board of teens.
LA start-up AmplifyX lets investors build portfolios around musicians
From 2015 to 2019, the entire music industry grew sales at a 9% rate.
Nordic fintech Open Payments raises €3m in second seed round
The firm plans an EU expansion in 2021.
iwoca and Billon land funding via UK’s Future Fund
So far, the fund has invested in around 320 companies.
Belgium investigates Credit Suisse over hidden accounts
It follows allegations that the bank helped 2,650 Belgians hide their accounts from tax authorities.
Why the world needs synchronised timing
The value of timing provides the opportunity to bolster the very fabric of our vital infrastructure.
What the Fintech? Episode 12 | Transformers: more than meets the AI
Matt Sattler, head of HSBC’s innovation labs, reveals what it takes to secure a deal with the bank.
Malaysia and Indonesian regulators sign fintech cooperative agreement
The two countries will share innovations and foster cross-border start-up development.
Zopa launches its first fixed-rate savings accounts
The range of accounts pay 1.05%, all the way up to 1.3%.
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
Afterpay acquires Spanish BNPL to advance into Europe
Afterpay already owns UK BNPL player, Clearpay.
US unicorn AvidXchange launches secondary offering
AvidXchange says it’s had a three-year growth rate of 133%.
JP Morgan to launch digital lender in UK early next year
The new cloud-based venture will sit under the Chase brand.
UK watchdog green lights $5.3bn Visa-Plaid deal
CMA finds no competition issues with Visa’s mega-deal.
MoneyGram signs remittances deal with Airtel Africa
Airtel Africa customers to gain access to MoneyGram services later this year.
Standard Chartered hires new global head of technology
Cat Rüst joins the bank from an executive role at UBS.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Atom Bank plans £150m shareholder funding round
UK challenger bank aims for largest shareholder round to date.
White paper: Data integrity in an uncertain world – how to achieve operational resilience
How automating your data management processes can help reduce costs and eliminate the potential for human error.
Wirecard sells assets in Brazil to PagSeguro
The deal is subject to approvals by the Brazilian Central Bank and antitrust authorities.
iSignthis files AUD 264m against Australian Securities Exchange
The feud has its roots in ASX’s removal of iSignthis shares from trading.
TD Bank pays $122m for obscuring overdraft penalties
US bank charged by CFPB for anti-consumer practice.
Pi1 signs card issuance partnership with Marqeta and TagNitecrest
Pi1 extends banking offering with new deal.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
Wildfire Credit Union picks Backbase tech
The Michigan-based firm plans to boost its digital footprint.
Moov open source platform secures $5.5m seed round
The seed funding was led by Bain Capital Ventures.
Three ways fintech can confront security and trust questions during rapid growth
Those of us in security understandably tend to lead with the risk factors.
Railsbank frontrunner to purchase Wirecard Card Solutions
London-based firm puts its hat in the ring to acquire ailing firm.
Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Triodos Bank signs ATM outsourcing contract with Cardtronics
The bank’s Spanish ATMs to be managed by the tech firm.
Embedded finance: a game-changing opportunity for incumbents
Embedded finance offers a new, very large addressable market opportunity worth over $7 trillion in ten years’ time.
Indian watchdog rejects WhatsApp Pay antitrust complaint
The Competition Commission of India dismisses complaint about new market entrant.
