Bank of England to launch UK CBDC consultation in 2022
Following consultation and development phase, CBDC could launch in second half of this decade.
Innovation
Open banking’s failure
The impact of open banking is on the scale of the industrial revolution. It just needs time to fully play out.
Money20/20 USA video: The benefits of real-time payments
Ginny Chappell of FIS talks about the practical innovations that really make a difference.
Data governance platform Collibra valued at $5.25bn following $250m Series G
New York-based firm plans to use the cash for product development and global expansion.
Asset manager Abrdn confirms Interactive Investor takeover talks
Abrdn confirmed talks are taking place, but made clear nothing is finalised as yet.
Qualco acquires Neurosoft fintechs to boost supply chain offerings
TensorFin and Daedalus Technologies to be incorporated into the Qualco portfolio.
Making the numbers dance
Numbers are always true. But they don’t always mean what you say they do.
US cloud AI platform H20.ai raises $100m in Series E round
Commonwealth Bank of Australia led the round and will form strategic partnership with H20.ai.
Standard Chartered to launch climate-focused savings app powered by Starling
Named Shoal, the platform leverages Starling’s Banking-as-a-Service offering.
White paper: Seven trends that will shape the future of the financial services industry
Why financial institutions need a modern consumer identity and access management (IAM) solution.
South African BaaS platform Jumo raises $120m in funding
The company will use the cash to expand into more emerging markets.
UK neobank Monument given green light to launch by FCA and PRA
The neobank landed an authorisation with restriction (AWR) banking licence in October 2020.
Can super apps save the day for SMEs and their banks?
Digitisation needs to be at the heart of the next wave of SME banking services.
Chipper Cash lands unicorn status with $150m Series C extension
The extension brings Chipper Cash’s total funding to date to over $305 million.
UAE neobank Edfundo launches to teach children financial literacy
Edfundo says it is on a mission to help 8 to 18-year-olds become financially literate.
New US fintech Menta picks Agora to power credit builder platform
Menta’s platform is designed to improve access to credit for the underbanked.
Biometric bias in the transgender and non-binary community
Organisations have a responsibility to recognise bias in their technologies and work to adapt models.
FinTech Futures Jobs: Three exciting roles to apply for in November
Exciting vacancies at Finastra, OakNorth and Grant Thornton. Apply today!
New UK paytech WondaPay launches deposit holding platform to help freelancers get paid
The FCA-regulated service releases payments when work has been completed.
Sports and entertainment-focused fintech SEMA launches in US
SEMA offers members in the creative and sports industries concierge financial services.
BNPL giant Klarna acquires Nordic price comparison site PriceRunner
Firm aims to diversify its offering with price comparison platform acquisition.
BBVA enters open finance partnership with Italy’s Sella
The European multinationals will utilise open banking platform Fabrick.
Aligning the finance industry with the Greta good
Let’s dive deeper into what the finance industry can do to help tackle climate change.
eBook: Unlock the power of digital identity in financial services
Help customers, workforce, trusted third parties and partners safely access the connected finserv ecosystem.
Cambodia’s Hattha Bank picks Temenos to drive SME lending
SMEs comprise approximately 99.8% of all businesses in the country.
Financial management platform HoneyBook lands $250m Series E funding
The Californian company manages client flow and cash flow for independent business owners.
German investing start-up Moonfare raises $125m in Series C round
The platform opens up access to private equity funds for individual investors.
White paper: Digital identity management – the foundation of successful financial services
Success today requires platforms designed to deliver innovative omnichannel experiences.
Privilege makes for bad leadership
Here’s a fun fact for you: no matter who you are, most of the world is not like you.
Filipino fintech Mynt secures $300m fundraise at $2bn valuation
Mynt’s most notable subsidiary, GCash, is the archipelago nation’s most popular e-wallet.
HSBC taps CloudBees to streamline software delivery
The bank hopes to address the challenges associated with software delivery at scale.
Reimagining business models for a post-COVID banking future
Banking was already in the throes of change when the pandemic hit, but how does the industry recover?
Webinar: Revamping banking operations – from fragmentation to a seamless experience
How to approach digital transformation to ensure operational flexibility and a seamless experience for end users.
Egypt’s MIDBANK picks Temenos for digital banking revamp
Temenos’ Transact and Infinity products will replace the bank’s legacy systems.
Athlete-focused financial wellness app Scout launches in US
Scout aims to connect users with “the world’s top athletes and business minds”.
The fintech SPAC boom: could London be next?
The FCA has made changes to promote investor protection and make SPAC deals more accessible in the UK.
Wealthtech TIFIN lands $47m in Series C funding
The fintech believes data and technology can deliver “better wealth outcomes for individuals”.
Digital trade finance platform Drip raises $175m in equity and debt funding
Drip provides SMEs across India, Mexico and the US access to collateral-free credit.
Standard Bank partners Flutterwave to boost digital financial services in Africa
Bank says the pandemic has caused a shift to digital payments across Africa.
Climate tech SaaS start-up Persefoni raises $101m in Series B round
Carbon footprint calculator Persefoni wants to be the first “ERP for carbon data”.
