Nuapay joins UK government payment acceptance scheme
Crown Commercial Services adds another open banking partner.
Financial Services/Finserv
Managing compliance in an age of innovation
Dell Technologies and World Wide Technology discuss the technology challenges facing FIs.
Documentation firm H4 snags $27m in funding from Goldman, JP Morgan, Barclays
H4 claims that documentation in capital markets is ripe for change.
Nymbus secures $12m in funding to expand digital banking systems
The vendor is aiming to push its SmartEcosystem platform.
Developing industry-wide standards on DLT security will lead to wider adoption
To develop industry standards, four things need to happen.
Mobile banking platform Vivid Money launches in Germany
The challenger is working with solarisBank and Visa.
MAS launches $1.25m fintech challenge to tackle climate change & COVID-19
Up to 12 winners will be selected to receive in prize money.
EY sued over Wirecard audit after management board comes under investigation
German regulator alleges Wirecard gave “misleading signals” for its stock market price.
US and French regulators team up to ease fintech market entry
Both regions want to boost their statuses as financial technology hubs.
La Capitol Federal Credit Union picks Corelation’s KeyStone
A go-live is expected in May 2021.
PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
SaaS provider Bricknode buys Lendysoft lending platform
The acquirer wants to boost revenues by 25%.
DIFC dips into $100m fund to invest in four start-ups
The Dubai-based innovation centre plans for Series A injections to come.
US digital banking rules could change as OCC calls for input
But the regulator is not considering a national bank charter for fintechs.
NICE Actimize agrees acquisition of Guardian Analytics
The acquisition is expected to close in Q4 2020.
Wealthify CEO steps down as Aviva seals acquisition
All three co-founders have taken exit options from Aviva’s investment.
UK fintech Minted to launch in July with 2021 digital bank plans
The fintech is sharia-compliant and follows AAOIFI rules on gold.
Mambu partners with VeriTran to create digital banking solutions in LatAm
The deal means that VeriTran’s front-end will integrate with Mambu’s SaaS cloud banking platform.
JCB to deploy FIS Payment One switching and acquiring platform
The payment scheme is planning to enable QR payments for more customers.
The financially excluded – it’s not just who you think
In the UK, up to 8.8 million people are over-indebted.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
Onfido takes UK one step closer to digital ID
The fintech’s sandbox is regulated by the FCA.
Cloud9 Technologies secures $17.5m in Series B funding
New York-based cloud communications firm Cloud9 Technologies has raised $17.5 million is a Series B funding round.
Revolut accused of coercing 50 workers to quit their jobs
Lawyers have said that the firm’s actions can be read as unlawful.
MoneyGram signs remittance partnership with Al Rajhi Bank
The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.
CaixaBank signs cloud management deal with IBM
The two firms have worked together since 2011.
UK e-commerce bank start-up YAN set to launch in October
The fintech says it will donate “at least” 10% of its revenue to charity.
BNY Mellon plans Singapore FX engine in partnership with MAS
The announcement is part of the bank’s strategic expansion into the Asia Pacific region.
Landesbank Berlin to develop commercial card programme with SIA
German bank will launch co-branded accounts using SIA platform.
OakNorth partners with major US lender PNC Bank
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
BNP Paribas Fortis signs up Worldline for WL Contact system
Belgian bank looking to improve contact centres with Worldline system.
Monzo cuts 120 jobs in its UK head office
The redundancies account for roughly 8% of the start-up’s workforce.
Omega Federal Credit Union deploys Episys on the cloud with MDT
Pennsylvania credit union looks for flexibility with new system.
Why Raiffeisen Bank is taking digital currency into its own hands
The bank is working with Billon to build its own tokenisation platform.
Reserve Bank of Australia mulls payment cost change for merchants
Australian central bank examining the market in the wake of COVID-19
Euronext Corporate Services snaps up Finnish compliance firms
Ticker Software and Sidonnaisuusrekisteri.fi to sit under InsiderLog brand.
DBS Bank launches real-time payments solution for India truck drivers
The bank partnered with the Transport Corporation of India.
Varo raises $241m Series D with new investor Gallatin Point Capital
To date, the fintech has raised $419.4 million.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
