Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
Mobile
Trio digital brokerage to launch in US by ex-N26 employee
The everyday account will be linked to ETF returns.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
US paytech BandPay set to help musicians get paid
Funds aren’t released until both musicians and producers deliver on a project.
Unleashing the untapped potential of Latin America with Cardpay
With offices situated in Mexico City, Sao Paolo and Bogota, Columbia.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Freetrade takes on Europe, starting with the Netherlands and Ireland
Germany and France are next on Freetrade’s list.
Monzo bank accused of “freezing accounts for no apparent reason”
A private Facebook group, “Monzo stole our money”, has grown to 1,080 members.
Vodafone leaves Facebook’s Libra to focus on M-Pesa
M-Pesa is the telco’s digital payment service.
Islamic banking app Niyah launches in UK
The challenger says the UK’s Muslim community has been “financially isolated”.
DBS launches QR-code based b2b payments
DBS’ QR-code based solution is powered by DBS Rapid and DBS Max.
Lydia raises €40m in Tencent-led Series B funding round
Tencent-backed funding to be used to avoid “costly mistakes”.
Azimo shake-up sees appointment of new CFO and COO
Remittance fintech looks internally for C-level replacements.
Video: Top fintech stories this week – 17 January 2020
FinTech Future’s weekly news round-up.
Chinese regulators planning digital banking go-ahead
New set of rules could see a bevy of digital challengers in China.
BBVA inks deal with Nok Nok Labs for FIDO authentication
Spanish giant looks to improve mobile channels.
Goldman Sachs quietly releases Marcus app three years after launch
The app was designed to be Goldman Sachs’ eventual main mobile face.
Payments industry underestimates Facebook Pay at its own peril
Tony Craddock, director general of the EPA tells FinTech Futures his views on the tech giant.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
Samsung and Syniverse develop wallet-agnostic payments platform
Your phone number is your easiest payment method, says Samsung and Syniverse.
How telco VEON is tapping mobile payments in South and Central Asia
The telco’s off-shoot financial services are fast becoming serious revenue streams.
Tencent brings third player UnionPay to China’s mobile payments arena
UnionPay’s QuickPass serves just 240m users, whilst 1.2bn use Tencent’s WeChat.
The Philippines set for first digital-only bank as Tonik gets green light
Tonik Financial will set up the island nation’s first online bank.
Tandem Bank to charge customers monthly membership fee
The bank will introduce a £5.99 monthly fee in March.
Atom bank’s former co-founder joins Queensland’s Daytek capital
Paul Hanks has joined DayTek Capital as a technology advisor.
Financing fintech Sezzle blocked from making loans in California
The Minnesota fintech deemed to be making “unregulated loans”.
Receipt Bank raises $73m in Series C funding round
Bookkeeping fintech will use funds to boost international growth.
Reasons behind the rise of fintech companies popularising stock market investing
Being financially successful is ‘cool’ and is a growing aspiration for younger generations.
RBS recruits army of digital influencers to promote banking app Bó
The sponsored posts were published after RBS was accused of writing fake reviews for Bó.
Razer Fintech, Grab and Singtel bid for Singapore digital banking licence
There are only five of the new licences up for grabs.
Former Starling Bank CTO plans 2020 launch of crypto digital bank
Mark Hipperson is CEO of Ziglu, an app that will allow users to trade cryptocurrency
UK challenger Supreme Fintech set to launch globally in February 2020
The start-up is gearing up for its 1 February 2020 launch.
A 2019 challenger bank review
B-North’s COO takes a look back at what 2019 had in store for banks.
Gen Z are the bank customers of the near future
Learn how banks can balance engaging with this group, millennials and older customers.
Challenger banks in the Middle East
Featuring challenger banks in the UAE, Bahrain, Saudi Arabia and Israel.
Virtual ATM provider Sonect raises $8.6m in Series A
The start-up raised CHF 8.45 million from existing investors in this round, which was oversubscribed.
Adflex CEO: Cards are definitely fighting back
Secure Remote Commerce (SRC) will disrupt the age old four-player system.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
FinTech Futures Industry Survey 2020
We are calling on our readers to provide us their views!
7 fintech and financial services trends for 2020
“This decade has seen rapid growth in the fintech industry, and the next is sure to be no different.”
