Revolut records first full year of profitability, plots global expansion
In its long-awaited annual report, Revolut says it recorded £26.3 million in profit for 2021.
Mobile
Power to the people: How Zenus Bank aims to democratise access to banking
FinTech Futures sits down for a chat with Mushegh Tovmasyan, founder of Zenus Bank.
Copal launches Egypt’s first family payments app with Mastercard
Copal aims to provide a “seamless and innovative” cashless payments experience for all family members.
Banking Technology Magazine March 2023 issue out now
Cover story: FACE OFF – Confrontation can be a good thing.
Remitly to wind down digital banking app Passbook
All Passbook accounts will be closed on 1 May 2023.
Wells Fargo launches digital financial planning platform LifeSync
LifeSync, available from March, will sit within the Wells Fargo mobile app.
Indian telecom firm Airtel’s merger talks with Paytm reportedly fall through
Sources tell CNBC-TV18 that Paytm didn’t want to give up management control.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
KCB Bank Kenya taps Sopra Banking Software for digital transformation
Sopra Banking Software will design, build and support the bank’s savings and lending products.
Buy now, worry about it later: the future of BNPL
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
European paytech Lyra taps Napier for transaction monitoring
Lyra will utilise Napier’s transaction monitoring solution to ensure its compliance with regulatory requirements.
Indian SaaS fintech Mintoak bags $20m in Series A funding
PayPal Ventures led the funding round, with new and existing investors also participating.
Extended deadline announced for Banking Tech Awards USA 2023 nominations
The new deadline for nominations is now Friday, 24 February 2023. Apply today!
North America fintech funding round-up: Vexi, Comun, ModernFi & more
A round-up of the latest funding endeavours of fintech start-ups from across North America.
FinTech Futures: Top five stories of the week – 17 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
New “cross-border neobank” in India: moneyHOP
FinTech Futures sits down for a chat with Mayank Goyal, founder and CEO of moneyHOP.
New app Tapeeno turns Android phones into card readers
Tapeeno “significantly” reduces the funding delay most businesses experience, the firms claim.
What the FinTech? | S.4 Episode 2 | Space Bank and financial inclusion
In this episode, we’re joined by Nika Kurdiani, deputy CEO at TBC Bank and CEO of Space International.
Laurentian Bank launches new credit card programme with Brim Financial
Laurentian Bank says the new credit card programme will “enhance the overall experience” of its customers.
NatWest Group snaps up UK fintech Cushon for £144m
The acquisition will enable NatWest to offer its commercial customers a suite of financial wellbeing products.
Banking Tech Awards 2022 Winner: Updraft – Best Digital Initiative for Lending
Reinventing financial planning and disrupting unsecured lending markets.
ICYMI fintech funding round-up: Fierce, Wisor AI, Cenoa & Habitto
Our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
Lunar lands €35m in fresh funding to boost Nordic expansion
Most of Lunar’s existing investors took part in the funding round, the neobank says.
Nokia aligns growth and financing strategy with ESG targets
The firm is aiming to maintain its growth in data traffic while reducing its energy consumption.
Inter&Co acquires real estate investment start-up YellowFi
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Virtual card paytech Conferma Pay names Jason Lalor as CEO
Lalor most recently served as CEO of Square’s European business.
Banking Technology Magazine February 2023 issue out now
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
US fintech Stash appoints Liza Landsman as new CEO
Prior to joining Stash, Landsman served as general partner at NEA, a global venture capital firm.
US Bank launches automated payroll deposit feature for new accounts
The automated process is available on the bank’s mobile app and online banking platforms.
Egyptian fintech MNT-Halan lands $400m investment
MNT-Halan claims it is the largest investment across Egypt and the Middle East over the past 12 months.
PayPal to lay off 2,000 staff over the next few weeks
The job cuts will see PayPal reduce its total staff headcount be around 7%.
UK-based digital asset wallet Mode to shut down
Mode says it is winding down its services “due to unsuccessful funding and difficult market conditions”.
New savings app for homeowners in the UK: Sprive
Sprive’s AI mortgage assistant, available through a mobile app, helps customers pay off their mortgage faster.
Don’t click this link: how authID aims to protect you from yourself
AuthID leverages the “human factor” to remediate today’s social engineering attacks, CEO Tom Thimot says.
Dubai Investments buys 9% stake in UK challenger Monument Bank
Dubai Investments says the acquisition gives it a “unique opportunity” to move into the digital banking space.
Report: How banks can blend digital and human for superior customer experience
Featuring practical business banking case studies from Metro Bank, Santander, and Lombard.
Malaysian fintech HelloGold winds down core business
CEO and co-founder Robin Lee tells Fintech News Malaysia the firm is “pivoting to a B2B model”.
UK fintech funding round-up: Caura, Themis and Keyzy
A handy round-up of the recent funding endeavours of fintech companies in the UK.
UK personal finance app HyperJar appoints Rob Rooney as CEO
Prior to HyperJar, Rooney spent 32 years at Morgan Stanley, including as CEO of Morgan Stanley International.
US fintech Marygold & Co names Timothy Rooney as new president
Rooney will be tasked with ensuring the successful launch of the firm’s new financial services app.
