Paytech firm QRails raises $8m in Series A funding
Colorado-based firm brings total funding raised to $18 million.
Financial Services/Finserv
Finantix acquires Swiss AI firm InCube
The private banking tech vendor plans to boost solutions with AI.
Alipay plans digitisation for 40 million Chinese service providers
The move marks a shift in the business from financial to digital services.
Visa teams up with Nigeria’s Paga
Lagos-based Paga holds more than 14 million customers across Nigeria.
Metro Bank partners with ezbob to launch SME lending platform
The bank claims businesses will receive loans in minutes.
Report on cloud transformation in banking: The 2020 state of play
Investigating how a new year and a new decade have impacted the drive towards a cloud-based future for banking.
Greensill buys Aussie payday advance app Earnd
The acquisition marks Greensill’s move into payday finance.
Lloyds signs customer experience deal with Google Cloud
UK bank to deploy Google cloud services to “improve customer experience.”
Revolut seeking UK banking licence before year end
The neobank currently only has one banking licence in Lithuania.
Tesco Banks lands Balmer as new chief information officer
New CIO arrives to lead bank’s IT division.
FCA to review data and analytics in wholesale financial markets
UK watchdog calls for input on market use of advanced analytics.
San Fran money manager Empower Finance lands $20m Series A
“There’s growing demand in the market for financial knowledge to be more practical,” says CEO.
Aussie neobank Hay chooses Mambu’s cloud banking platform
Mambu landed two other Asia-Pacific deals this month.
Standard Chartered unveils new Hong Kong challenger bank Mox
The bank’s card will be numberless to prevent fraud.
Community Bank Bangladesh goes live on Infosys Finacle in 48 days
New bank plans to rapidly scale with Infosys system.
Celebrating Finovate’s #WomeninFinTech
For fintech to be for everyone, it needs to be from everyone.
FirstBank picks Finxact to replace 35 year-old core banking system
Colorado-based bank is among early takers of Finxact’s core banking system.
First Digital Trust bags $3m investment led by Nogle
FDT and Nogle’s goal is to bring legacy financial services to the digital asset industry.
Family finance app Jassby raises $5m, anticipates $20m round later this year
CEO says rounds will drive fintech closer towards 1 million users within a year.
Tandem lands funding, tipped to buy “green” lender
The bank is set to announce “the acquisition of an established ‘green’ lending business”.
SIX picks Know Your Customer to support supplier risk calculations
Maintaining due diligence on market participants a high priority for SIX.
Leap Finance raises $5.5m to help finance Indian students abroad
Start-up wants to change the way students are given credit.
Aruba’s banks switch to instant payments with equensWorldline
The digitisation of payments has been “a challenging project” for the island.
GFH buys 70% stake in MENA payments fintech Marshal
Marshal has a 85% market share across the United Arab Emirates (UAE).
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
“If you want it, go get it!”
Nancy Butler at B-North, shares her experience in banking this international women’s day.
Can fintech eliminate credit discrimination?
Even the strictest laws can’t eliminate the inherent impression the credit manager forms.
Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
HPS to provide QR-based payments system in Saudi Arabia
Payments firm tapped up by Saudi Arabia’s Monetary Authority.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Vantage Bank Texas signs up Backbase to revamp digital banking
Texan back seeks consolidation under one system following 2018 merger.
Money management app Emma bags $2.5m in seed funding
The fintech connects users’ bank accounts under a single dashboard.
US challenger Branch partners Cardtronics to offer fee-free ATM service
Minneapolis-based Branch expands fee-free network.
Flywire’s CEO on unicorn status: “It means nothing until it is something”
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
Ikano Bank builds on Nets partnership to power new lending platform
Ikano plans to launch products on the new service later this year.
Starling Bank amps up advertising efforts with Team GB win
The bank is offering every British athlete an account with £100 in credit.
Mambu to power Australian credit firm Nimble
Nimble is switching up on its tech to power digital bank aims.
Exclusive interview: Sarah Porretta, MaPS – UK’s ten-year journey towards financial wellbeing
Fintech will have a significant role to play in the UK government’s plan for the nation to achieve financial wellbeing.
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
Virgin Money Australia picks Temenos Transact as new core system
Parent firm Bank of Queensland kicks of digital transformation plan.
