How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Financial Services/Finserv
MoneyGram hits back at consumers and investors
The paytech company says it “can’t make everybody happy”.
SME lending: banks aren’t using enough data
And it could be hurting their bottom line.
Is your fintech brand an awkward teenager?
From unpredictable growth spurts and occasional breakouts, to sleeping in.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
booyah! bank blasts off in US
It’s backed by FDIC member, Surety Bank.
Money Dashboard raises record £4.6m crowdfund
The Scottish fintech hit its initial £1.5 million target in 45 minutes.
New US banking service launches for international students
The account is designed to make life easier for new arrivals.
N26 officially launches in the US
The challenger bank has also introduced a new sub-accounts feature.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Tink tells NCA companies “are not ready” for PSD2
The letter also asks for “stronger industry collaboration” with TPPs.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
Credit union NEFCU chooses Fiserv for digital transformation
NEFCU has more than $3 billion in assets.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
A banker goes a-banking, volume 5: the gift that keeps on giving
The helplessness. The fear. The rage. And the shame.
JRNI closes $6m Series C extension and appoints new CTO
The new capital will go to US acceleration and European markets.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
Mortgage start-up Better.com closes $160m Series C
The fintech has seen rapid growth since its 2016 launch.
Standard Chartered and SAP Ariba partner to serve APAC
Collaboration aims to accelerate digitisation of the entire supply chain.
David Chaum announces quantum-resistant digital currency
Praxxis emerged from a stealth project in the Cayman Islands.
Acorns enlists more celebrity help to boost growth
J.Lo and Alex Rodriguez are among the investors.
BMLL Technologies launches Derived Data Service
The service offers “unparalleled visibility” into the market.
Identitii secures second licence with HSBC
Identitii will provide the bank with its Overlay+ platform.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
The cloud journey for market infrastructures
Some steps to ensure cloud-based is successful and meets the approval of regulators.
Fintech start-ups showcased at Y Combinator Demo Day
Concepts ranged from crypto fraud tracing to student finance.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Alterna Bank partners with nCino
The agreement marks nCino’s first Canadian credit union customer
SMBC chooses Exiger AI compliance solution
Exiger promises SMBC it will boost its operational efficiency by more than 80%.
Israeli government to fast-track fintech and blockcain licences
Around 2,000 fintech and blockchain companies are currently seeking licences.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
