Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Innovation
Fintech platform Bond raises $10m seed funding
The company will spend the funds on growth and product development.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Big gains in the cloud, especially for small banks
But will putting our data in the cloud put our data at risk?
Insurtech start-up Kin raises $47 million
The company will launch a home insurance carrier in Florida.
Temenos acquires Kony for $559m
The transaction is due to be completed by early Q4 2019.
Equity Group reviews its fintech unit as executives quit
The Kenyan bank is considering running Finserve Africa as a division.
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
PNC becomes first US bank on RippleNet
The bank joined the blockchain payments platform in September 2018.
Bad bosses and hardy flowers
Moving away from bad bosses is not good advice, it is essential advice.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
Why should banks and fintechs work together?
Partnering up with fintechs and leveraging their agility and technological edge is what will keep banks relevant.
Insurtech Hedvig raises €10.3m
The funding values the company at SEK342 million ($35.5 million).
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
Schroders Personal Wealth troubled by IT issues
The launch of the joint venture between Lloyds and Schroders have prompted widespread complaints from staff.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Doing smarter, cleaner business: The analytics potential of trade data
Banks’ data-rich future should not begin and end with trade flows.
Indian digital payment firm BharatPe raises $50m
The company is now valued at $225 million.
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
Members-only rewards club CRED raises $120m
The club offers benefits for those with high credit scores.
CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
Telia and OP Financial test facial recognition payment
The pair installed Finnish firm Pivo’s technology in an ice cream truck.
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
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.
Blooma raises $2.7m in first seed round
The financing was led by Floodgate.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
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.
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.
David Chaum announces quantum-resistant digital currency
Praxxis emerged from a stealth project in the Cayman Islands.
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
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
