What the Fintech? Episode 10 | Diversity & inclusion: AI bias
Theodora Lau, founder of Unconventional Ventures provides her take on artificial intelligence.
Financial Services/Finserv
Deutsche Bank buys minority stake in Traxpay
Deutsche wants more European banks to invest in the platform.
TransferWise hits $5bn valuation with $319m liquidity round
The firm says it’s seen a 43% uplift in its value since May 2019.
Thought Machine lands another $42m for Asia-Pacific expansion
It brings the firm’s Series B round to $125 million.
Sezzle signs partnership deal with Plaid
Buy now, pay later fintech joins Plaid network.
11:FS makes second round of cuts, this time to 11:FS Foundry
Leda Glyptis will no longer be the Foundry’s CEO.
ACI Worldwide partners with Arvato Financial Solutions
ACI set to offer Arvato solutions to its merchant customers.
Paysafe acquires US payments firm Openbucks
Paysafe looks to grow its core offering across the US.
Mastercard extends cross-border services in China with Bank of Shanghai
Businesses can use Mastercard to transfer to “any local bank” in China.
Revolut loses banking veteran CEO after one year to upstart Allica Bank
Davies says his departure is on good terms.
Can behavioural banking drive financial literacy and inclusion?
How are banks prepared to promote financial literacy for millennials and especially Gen Z?
EC prepares changes to MiFID II research unbundling rules
EU body aims to boost economies by relaxing MiFID II rules.
Brazilian challenger Nubank acquires firm behind Clojure and Datomic
Cognitect snapped up by Brazilian neobank.
Kenyan central bank plans digital lender clampdown
New legislation the latest attempt to stop unregulated lending.
Degussa Bank up for sale with 2021 deal expected
Frankfurt-based bank could worth up to €400 million.
Stock trading apps are booming, but what about the education gap?
Are fintechs just “paying lip service” to education?
TBC Bank launches in Uzbekistan with Capital Banking Solutions
Georgian bank expands its horizons with new digital venture.
NatWest deploys Synalogik Scout across multiple brands
NatWest, Royal Bank of Scotland, Ulster Bank, and Coutts are all to use Scout.
Phoenix Life aims to meet IFRS 17 with Oracle tech
Phoenix Life is an existing user of several Oracle systems.
Law firm owner co-founds challenger Frost rivalling Snoop
It is currently applying for a banking licence with the Financial Conduct Authority (FCA).
Talk like an Egyptian: a brief history of data encryption
Can today’s PKI encryption techniques fill the promise of inherently secure data?
Report: The future of digital wealth management
A new FinTech Futures report examines the future of wealth management in a digital era.
Emirates NBD’s challenger Liv moves to ‘super app’ status
The challenger said it had acquired more than 300,000 users.
Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
DBS and Infor partner to offer SMEs digital trade financing
The partnership is one of a line of joint projects between Infor and DBS.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
Home-backed loan provider Selina Finance lands £42m
Some £12 million of its Series A counts for equity, whilst the rest is debt.
Morgan Stanley blocks remote network access for China interns
Its decision to deny remote access to its China-based interns makes it an outlier among its US peers.
Orange Bank Africa goes live with Temenos and NSIA in Côte d’Ivoire
The bank is set to expand to Burkina Faso, Mali and Senegal.
New UK fintech Flex founded by former Pockit employee
Flex promises money management and savings tips for users.
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
Investment service Scalable Capital lands $58m in Series D
The start-up says it has more than $2 billion under management on its platform.
ApoBank contracts auditors over ongoing IT transformation issues
Customers of the German bank have had issues connecting to their accounts since June
Quantexa raises $64.7m in Series C funding
The anti-fraud AI firm has raised $90m to date.
Webinar: Empowering your SME customers for the new digital normal with APIs and microservices
Real-life examples from Tide and THIS of how APIs and microservices have fuelled business transformation.
BNP Paribas joins IBM Cloud as European anchor client
French banking giant to become leading user of IBM’s cloud tech.
Deposit grower Mantl raises $19m in extended Series A
The fresh capital adds to an extended $11 million Series A raise.
A look inside Barclays’ fintech accelerator Rise
FinTech Futures sits down with Magdalena Kron, who leads Rise London’s team.
Former Wirecard CEO Markus Braun arrested again
Jan Marsalek, the former COO, is wanted under an international arrest warrant.
Bueno bank aims to target Spanish holiday homeowners
Bueno promises a range of services to manage second homes.
