Foloosi targets GCC expansion with $500k seed funding
The Dubai-based start-up offers cashless payment solutions.
Mobile
Ping An Insurance considers Singapore neobank licence
The company has already secured a Hong Kong banking licence.
Indian neobank Yelo raises seed round
The start-up is personalised to gig economy workers.
Swift to reveal European E2E payments pilot
Swift has already achieved sub-one-minute payments outside Europe.
Top fintech stories this week-06 September 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Apis acquires majority stake in paytech Tutuka
It was attracted to Tutuka’s strong presence across 19 emerging markets.
Paysend reaches one million customers in two years
Paysend acquired more than 100,000 new users last month.
LOVEFiLM entrepreneur William Reeve invests in neobank Twisto
Reeve will help Twisto with its European expansion plans.
Curve smashes crowdfunding record in minutes with £5m overfund
The fintech quadrupled its£1 million target in less than an hour.
Nationwide chooses OutSystems for new digital business
OutSystems will take on the business logic and process for Nationwide.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
Eligma gets €4m investment from Bitcoin.com and Pangea Blockchain Fund
Eligma developed Elipay for vendors to receive crypto payments.
Tinkoff launches Pulse social network for investors
Tinkoff’s app is now a “one-stop shop” for all communication.
The uphill battle for European challengers success in the US
Find out if European neobanks can tackle the challenging US market.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
MoneyGram hits back at consumers and investors
The paytech company says it “can’t make everybody happy”.
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.
New US banking service launches for international students
The account is designed to make life easier for new arrivals.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
WhatsApp talks to Indonesian fintechs for mobile payments launch
WhatsApp is waiting for regulatory approval in India for a similar service.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Lending platform SellersFunding expands to UK and Canada
The platform offers pre-approved funding for online sellers.
Market welcomes FCA’s plan to phase-in SCA
Industry officials see this as the regulator’s last warning.
