Flux and Pleo partner to deliver “invisible” expensing tool to UK SMEs
The new co-created tool is set to launch later this year.
Financial Services/Finserv
Colt to underpin connectivity at Taiwan’s major exchanges
Taiwan introduced continuous trading in late March.
bunq promises its users “CO2 free” status in less than two years
The fintech is introducing a new upgrade called ‘SuperGreen’.
Signicat acquires Connectis to tap Benelux region
CEO of Signicat says Connectis had been on the radar “for quite some time”.
Banking industry publishes EU payments plan post-coronavirus
The paper puts a heavy emphasis on instant payments.
Trustonic lands security deal with South Korea’s biggest bank
“KB Bank are taking a more open market approach,” says Trustonic.
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InvestSuite raises €2m in extended seed funding
The Belgian firm will put the money towards a global expansion.
Dwolla appoints Brady Harris as new CEO
Harris says he is looking forward to working with “an incredible team.”
Acuant finalises IdentityMind acquisition
Acuant will build IdentityMind’s onboarding solutions into its existing platform.
Japanese challenger Kyash lands $45m Series C
To date, the fintech has raised $73 million since its creation in 2015.
LA challenger bank HMBradley launches to tap savers
The bank says it will offer up to a 3% return rate on deposits.
A banker goes a-banking, volume 6: the patience of the lambs
Better is possible. Better is needed. Better is now both a business decision and a moral imperative.
Ordo launches free P2P payments service in wake of COVID-19
Payments firm aims to help those doing tasks for people in isolation.
Icelandic challenger bank Indó prepares for launch
The prospective first digital bank in the country is seeking a licence.
MatchMove buys strategic stake in Shopmatic to build SME offering
MatchMove is slowly building up its armoury to morph into a full digital bank.
Singapore’s robo-advisor Smartly shuts, cites “intense” competition
Vietnamese owner VinaCapital Group made the decision to wind business down.
Monzo’s CEO takes 100% pay cut for 12 months
Senior management and the board will also take a 25% pay cut.
Virtual bank Airstar launches pilot in Hong Kong
The digital bank will onboard roughly 2,000 customers.
VTB Bank registers new big data company with Rostelecom
The joint venture will be accessible via an API to “all interested market players”.
Ben Brabyn steps down as head of Level39
Amy French to take over from Brabyn, who leaves for pastures new.
FNZ-GBST merger under scrutiny from UK’s competition watchdog
CMA says the combination of two major players could squeeze out smaller firms.
Digital app One selects Finxact core banking system
New digital player to deploy Finxact on the cloud.
Nymbus launches loan processing system for US banks to deliver COVID-19 relief
Nymbus says it has digitised the entire Paycheck Protection Programme (PPP) loan process.
Plaid and Microsoft partner to turn Excel into a fintech app
“One of the earliest forms of ‘fintech’ is a budgeting spreadsheet,” says Plaid.
CRIF to buy AI fintech Strands
The deal is expected to close in the “coming weeks”.
Siam Commercial Bank taps Ripple to provide cross-border payments
The Thai bank aims to cater to both individuals and businesses.
Colorado National Bank rebrands to Transact Bank and goes live with Fiserv
CNB was bought by the owners of Latvian fintech Transact Pro in 2018.
Keeping traders trading from home
Traders have found themselves operating in a new world.
Data affinity and customer centricity: what luxury retailers can teach wealth managers
Useful learnings from the success of luxury retail.
Unicorn hopeful Lanistar lands $2.5m
Founder says it wants to become a £1 billion “banking alternative”.
ICICI Bank launches WhatsApp-based banking service
The Indian bank follows up on its API and digital development.
BNP Paribas snaps up Banco Sabadell depository unit in €115m deal
The unit holds assets worth €22 billion in custody.
Sony Bank launches online account for Japan’s foreign residents
Japanese bank pushes digital-only account for branch-shy immigrants.
South Korea’s KB Kookmin Bank to launch cryptocurrency custody service
The bank filed a trademark application at the end of January.
Phyre secures $1.7m to develop its e-wallet in Bulgaria
The fintech works with two major telcos in Bulgaria.
Tink completes €15.5m acquisition of Eurobits
The move is part of Tink’s growth strategy for 2020 and beyond.
HSBC delays ‘vast majority’ of redundancies amid COVID-19
“Because of the extraordinary impact of the COVID-19 pandemic,” says Noel Quinn.
ABN Amro withstands $200m loss from margin call failure of one client
The loss is equivalent to almost 10% of the bank’s annual profits.
Stripe leads $20m Series A into ecommerce checkout service Fast
Jumping from a $2.5 million raise to a $20 million investment in a few months is fast.
