If I had a penny…
If we’re going to talk about inclusion, don’t talk to me about current accounts. Talk to me about money.
Innovation
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
Cross-border payments fintech TransferGo lands $50m Series C funding
The London-based fintech has ambitions to go public within the next five years.
Privacy-focused data collaboration platform Duality raises $30m
Duality will invest further in privacy-preserving machine learning technologies.
NatWest chair warns against “gambling” with cryptocurrency
Sir Howard Davies says the “damned stuff” should be banned.
UK government overreliance on old tech is a wake-up call to finance
A recent report shows the UK government spends £2.3 billion a year patching up old systems.
Cartoon: Model Behaviour
This new cartoon illustrates the need for evolution at neobanks.
White paper: Accelerating P&C insurance sales with digital customer service
The Property and Casualty (P&C) insurance industry is being dramatically transformed by digital technologies.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Fraud prevention platform Alloy hits unicorn status with $100m investment
Investment will go towards building out an evolving customer identity profile offering.
Robo-advisor Betterment achieves unicorn status with $160m capital injection
The funding was drawn from a Series F round and $100m credit facility.
What the Fintech? | S.2 Episode 19 | Can’t see the wood for the VCs
Level Ventures’ Ian Foley joins us for this latest episode of our What the Fintech? podcast.
Debt platform CredAvenue raises $90m in Series A funding round
Significant investments in data science, machine learning, and AI are in the pipeline.
Amazon-backed Indian BNPL firm Capital Float raises $50m
The investment brings Capital Float’s total money raised to date to over $600m.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
Sopra Banking Software acquires asset risk management provider Luminosity
Sopra says the acquisition will complement its software financing platform.
Raiffeisen Switzerland selects Backbase to power new digital interface
Swiss collective bank aiming to change the way it engages with users.
Have you made these five transformational tweaks to your self-service channel strategy?
A modern ATM fleet equipped with innovative new features and cash recycling technology is essential.
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
ICYMI funding round-up: Yellow Card, QisstPay, Vyne, Tomorrow & more
Plenty of funding rounds in the double digits in this week’s ICYMI roundup.
Swan raises €16m Series A to accelerate European expansion
The BaaS platform wants to democratise access to banking services.
ComplyAdvantage tapped by Hampshire Trust Bank for AML solution
RegTech’s AI-driven financial crime solutions will protect HTB at a time of rapid growth.
FNBM selects new core banking solution in Finastra’s Fusion Phoenix
Fusion Phoenix is key to the bank’s strategy to attract younger customers.
What’s the meta with banking?
With the concept of metaverses gaining traction this year, what opportunities are there for banks?
Open Banking Expo returns to Canada for third time this November
This two-day virtual event will bring together financial services and fintech innovators.
Swiss crypto institution SEBA Bank granted collective investment scheme licence
The granting of the CISA licence to a digital asset-focused bank is the first in Switzerland.
Spanish challenger Bankse plans raft of features to win over customers
New bank to provide trading, credit, crypto, wage payment and more.
UOB to spend $500m on boosting digital banking capabilities
The investment comes after the pandemic accelerated digital-first banking across Southeast Asia.
BIS finds CBDC-blockchain combo outclasses correspondent banking
Its new project, mBridge, experiments with new CBDC combinations.
I bet you say that to all the girls
There should be parity in the workplace. But we are a long, long way from it.
New FinTech Futures Report: Mortgages – the final digital frontier
We’ve launched our latest report, including an in-depth industry survey.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
The Banking Tech Awards are coming to the USA!
The nomination deadline is 18 February 2022 with the winners announced in June.
Singapore fintech Aspire lands $158m Series B funding
Aspire will use the investment to “double down” on existing markets.
Payments fintech Highnote emerges from stealth with $54m funding
The card issuing platform will help SMEs compete with ecommerce giants like Amazon.
The future of finance: technology or people?
Technology is only as good as the people who create, implement, and work alongside it.
Aspiring neobank Vergo aims to serve US architecture SMEs
Vergo will be a vertical neobank for the US construction and interior design industry.
Ascend Money becomes Thailand’s first fintech unicorn with $150m fundraise
Thai fintech plans to boost financial inclusion efforts in Southeast Asia.
PrimaryBid names City veteran Donald Brydon as first chair
Brydon will step down as chairman of financial software company Sage on 30 September.
Dear Luc: How do I get a slice of the BNPL pie?
This week someone asks: I want to add BNPL to my service, what do I need to consider?
