Open banking start-up truID raises funding to expand customer base
It has raised an undisclosed funding round to help build out its product.
Financial Services/Finserv
Chase Bank signs mobile banking deal with Sensibill
The fintech to provide receipts management in Chase’s banking app.
Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at “a knockdown valuation”.
Bank of America goes live on securities platform from Wematch and Pirum Systems
The combined system made its first transaction on 10 June.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
Pakistan regulator accepts batch of start-ups for regulatory sandbox
The Securities and Exchange Commission of Pakistan received 32 applications.
Deutsche Bank to create new international private bank
The new global private bank will likely hold roughly €250 billion.
FX fintech Wallex lands Series A led by Ant Financial-backed VC
The value of the round has not been disclosed.
iBanFirst raises $21m in Series C funding
The raise was initially interrupted by COVID-19.
Reaping the real benefits of data sharing
Data sharing enables banks to more effectively serve customers across the lifecycle.
Banks, cybersecurity and virology
I would actually like to see governments take a more holistic look at how they’re fighting COVID-19.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Stripe adds Bacs Direct Debit to compete with UK rivals
Stripe will directly compete with UK home market player GoCardless.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
Codat raises $10 million in Series A funding
Financial data fintech plans US expansion.
Klarna dips its toe in the savings market with Raisin
Offerings range to terms of up to 48 months.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Fintech pirkx lands £960,000 and gains former Google exec
The UK company is expanding to Australia, South Africa and the US.
Two credit unions go live on Corelation KeyStone
Corelation gains a pair of go-lives in Hawaii and Pennsylvania.
Federal Bank picks ACI Worldwide to boost fraud protection
More than $30m was stolen by fraudsters in India last year.
Insurance in the digital age: injecting automation into the claims process
A lot of claim processing, across all product lines, is carried out manually.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
British Business Bank appoints interim CEO, accredits 10 more firms
Catherine Lewis La Torre starts on 1 September.
Revolut’s vice president of growth set to leave
Soon to be former VP joined the start-up a year ago.
ING’s multibanking start-up Cobase gets two new shareholders
The start-up will expand beyond Western Europe.
Diebold Nixdorf signs six-year contract with Austrian bank99
Diebold Nixdorf signs a contract worth $20m.
Goldman Sachs closes Marcus to new UK users amid deposit surge
Since January, Marcus has seen more than £8 billion inflow.
Sberbank partners with Visa and Russian supermarket for ‘Take&Go’ store
The bank says 1,000 users have downloaded the app.
M1 Finance raises $33m in Series B funding
Left Lane Capital led the new round, brining M1’s total raised to $55m.
Indian digital wallet LovePay targets Gen Z market
The fintech already has more than 100,00 sign-ups.
Poland’s mBank picks Wolters Kluwer for risk management
OneSumX to be deployed across mBank’s Polish, Czech, and Slovakian ops.
Tell it cos it’s a good story
Why do all these dreamers and makers and poets work in banking transformation?
Video: Coforge – harnessing emerging tech and deep domain expertise in financial services
Digital services, intelligent automation, data & analytics, cloud & infrastructure – engage with the emerging!
Former Diamond Bank CEO launches Nigerian start-up Sparkle
Sparkle already has a banking license from Nigeria’s central bank.
Baltic bank Luminor signs on FA Solutions to simplify cross-border ops
Luminor has been working on centralising its IT systems.
Bank of America’s Merrill revamps client management workstation
The old system has been in place since the early 2000s.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
Indian SME fintech Zaggle partners with Visa to launch ‘Founders Card’
Both firms want to speed up access to credit for SMEs.
TransferWise hits £2 billion in customer deposits
Users can now send money with just a phone number.
