Chip breaks crowdfunding records to raise £10m in 48 hours
6,420 investors participated in funding backed by the Future Fund.
Mobile
White paper: how millennials & gen Z can power growth for financial institutions
Millennials (25-39 years old) and adult Gen Z-ers (18-24) represent over $3 trillion in spend.
TPBank revamps back office technology with Backbase
Vietnamese bank launches new products in nine months.
Neon raises $300m in Series C funding to offer underbanked credit
Brazilian challenger back secures Series C in same week as competitor Nubank.
Robinhood faces SEC probe over deal disclosure
US brokerage unicorn in hot water over order flow dealings.
Banco del Sol goes live with Temenos Transact at the core
The Argentine challenger is aiming for SMEs in the near future.
Pan-African challenger Union54 to launch in 2021
Both Union54 and Zazu were founded by Perseus Mlambo.
Mauritius Commercial Bank launches SME app powered by Backbase
Juicepro has seen 1,000 registered users in a month.
MoneyGram signs remittances deal with Airtel Africa
Airtel Africa customers to gain access to MoneyGram services later this year.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Six ways financial services will adapt to BigTech in the UK market
BigTech companies excel at giving customers what they want.
Lana raises $12m in Series A funding round to fuel LatAm expansion
New company plans to help unbanked workers.
Samsung launches Curve-powered payments service
Samsung Pay Card allows users to pay with their hardware across multiple accounts.
N26 loses chief product officer Georgina Smallwood
Smallwood departs N26 to join a Berlin scooter firm.
Kenyan loans via mobile phones drop 50%, says KCB
Defaults have more than tripled, according to KCB’s CEO.
Standard Chartered and Airtel Africa sign financial inclusion partnership
The two firms plan to boost services in “key” African markets.
Video: Top fintech stories this week – 14 August 2020
FinTech Futures’ weekly news round-up.
Hong Leong Bank launches mobile-based junior account
The app is designed for use by both parents and children.
Robinhood kicks off hiring spree in Texas and Arizona
Trading app says it plans to hire hundreds of new support staff.
BankMobile sells for $35m less than failed deal three years ago
BankMobile was supposed to be acquired back in 2017.
Five predictions for the future of payments
From moving away from cash to points of sale and self-checkout on mobile.
What the Fintech? Episode 11 | Financial inclusivity in Russia
The CEO of Yandex Money talks about financial inclusivity in Russia.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Chinese regulators consider AliPay and WeChat antitrust probe
The People’s Bank of China is serious about curbing the giants’ dominance.
Apple acquires payments firm Mobeewave in $100m deal
Apple buys start-up to turn iPhones into payment terminals.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
BlackRock banking malware capable of targeting 337 apps
New malware strain emerges from old source code.
Robinhood scraps UK expansion plans
The fintech landed its licence last August.
PayTech Awards 2020 – call for judges
Join our all-star judging panel!
Video: Top fintech stories this week – 17 July 2020
FinTech Futures’ weekly news round-up.
OCBC Bank connects to Singapore Government’s identity platform
SingPass enables users to connect to a wide range of platforms and government services.
White paper: Three key trends driving financial services IT transformation
How financial institutions can become more customer-centric, leverage hybrid IT infrastructure, and avoid vendor lock-in.
How 5G will revolutionise consumer banking
When 5G is part of our nationwide infrastructure, it will transform products and services.
Santander launches Mi Vuelta COVID-19 track and trace app
The Mi Vuelta COVID-19 track and trace app allows employees to report any symptoms.
Why every company will soon be a fintech company
Why companies that have nothing to do with finance will get into financial services.
OBIE UK’s open banking body launches app store
The launch date was moved up because “open banking can make life easier in lockdown”.
WhatsApp Pay suspended by Brazilian central bank
WhatsApp’s service has been live in Brazil for just over a week.
Commercial Bank of Dubai partners with Thunes for remittances
UAE-based bank enables transactions via its mobile app and online banking.
Payfone identity verification firm lands $100m
The firm uses mobile data to create a “trust score”.
Community Financial Credit Union picks Orpheus from Access Softek
Michigan-based credit union extends seven-year deal with tech firm.
