UK challenger ikigai to launch flat-fee investment account
“I think the pain points are quite similar across different income levels,” says co-founder.
Investment, Asset & Fund Management
Santander buys Spanish fintech Mercury TFS
Santander hopes the deal will enhance its global trade platform operations.
Revolut launches gold trading for Premium and Metal users
The neobank will apply a 0.25% markup, with no other fees.
SME challenger bank NorthOne raises $21m Series A
New York-based challenger plans to splash the cash on customer acquisition.
A look beyond the big numbers
The devil is often in the detail.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Public.com raises $15m with help of Will Smith and JJ Watt
The trading app is focused around making investing ‘social’.
Three digital transformation lessons wealth management firms can learn from luxury fashion brands
Build online trust with customers and identify ways to replicate the offline experience.
Key Private Bank to run portfolio management on Charles River system
Bank says deal signals “significant opportunities.”
Monese set to make 30 employees into millionaires
This is expected after its next fundraise which will value the neobank at £1bn.
Small business lender iwoca raises €100m for German loan growth
The company says it is the largest fintech small business lender in Germany.
SimCorp picks GlobalLogic to refit Dimension on the cloud
SimCorp sees cloud as an important investment for Dimension.
Revolut bags $500m from TCV to drive daily account usage
The challenger wants to “accelerate daily usage of accounts”.
UK fintech global investor figures for 2019 propped up by Worldpay deal
88% of the figure is made up of the Worldpay mega deal.
Santander Corporate & Investment Banking picks Bloomberg DLIB
Bank plans to use DLIB to provide structured investment products.
Belfius Bank goes live on SimCorp Dimension
The Belgian bank deploys SimCorp in retail, corporate, and investment banking.
Sucden Financial signs up to Cobalt post-trade technology network
The derivatives firm will use Cobalt for its FX operations.
HSBC to cut 35,000 jobs in a major restructure to boost returns
Job loss figure more than triple the number expected to be cut by the bank.
How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
Aspiring neobank EasyEuro raises $4m in pre-A round
The fintech is targeting cross-border trade between Europe and Asia.
Nigerian fintech start-up Aella raises $10m
This debt financing round is Aella’s second raise.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Receeve raises €4m in seed funding
This comes within a year of a pre-seed fundraise of €1 million from Seedcamp and others.
Paystand raises $20m in Series B funding
The round includes new investment from DNX Ventures, Battery Ventures and more.
Grab buys Singapore robo-advisory start-up Bento
Bento will be rebranded as GrabInvest.
Top executives at SoftBank’s $100bn Vision Fund set to leave
Top of the list is Michael Ronen, the managing partner of the Vision Fund’s US investments.
Guotai Junan International updates derivatives tech with Finastra
Hong Kong firm goes live on Fusion Sophis.
Cybertonica raises £2 million Series A
The funding will be used to extend its product in behavioural analytics ScreenWiZe 2.0.
Industry undecided on UK’s fintech funding success
The industry is undecided over roughly $1 billion dollars.
Kenya’s Standard Investment Bank plans $100m FX-focused fund
Mansa X as the fund is known, returned an average 24% and closed at $3 million.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
What does open finance mean for the wealth management sector?
Five opportunities that are both clearly beneficial for investors, and technically very feasible for FIs to develop.
Liberis raises £32m to boost growth plans
The funding for the SME finance provider was led by investment firm FTV Capital.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
Nigerian paytech Flutterwave raises $35m, partners with Worldpay
Flutterwave has become Worldpay’s only African payments partner.
GetVantage debuts with India’s first revenue-based financing platform
The alternate funding model is gaining significant traction in foreign markets.
ICAP founder to invest £25m in new fintech fund Element Ventures
It’s one of the largest investments Spencer has made since selling Nex to the CME.
BMLL appoints Paul Humphrey as CEO
Johannes Sulzberger, outgoing CEO, will remain on the board as a non-exec director.
GAM partners with SimCorp to consolidate its operating platform
SimCorp Dimension will serve as GAM’s core front office platform and IBOR.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
