Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Mobile
UK regulations push SVB further towards automation
SVB exec comments on Brexit and the UK’s supportive fintech environment.
Verrency and Coinify announces new virtual currency partnership
Libra brought virtual currencies into mainstream.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Commerzbank tests blockchain payment solution with Daimler Trucks
Current payment systems require a human to trigger the process.
First-time homebuyer platform Morty raises $8.5m
The funding was led by New York-based investor Prudence Holdings.
Robinhood gets greenlight from FCA to launch trading app in UK
The 2013-founded Silicon Valley start-up offers a cheaper way to buy and sell US stocks and shares.
RBC launches student experience on mobile app
The ‘Mobile Student Edition’ is designed to tap into the Gen Z market
Mastercard acquires Nets’ real-time payment business
Nets’ Corporate Services business offers a gateway into several European markets
Piggy bank start-up ERNIT sells up
One source says the company is trying to see what the market appetite is for a solution like theirs.
Deutsche Bank creates digital bank Fyrst
Currently the project is suspended by the former subsidiary Postbank.
Klarna bags $460m equity funding
It’s now the most valuable EU fintech with a valuation of $5.5 billion.
Federal Reserve reveals real-time payment system plans
FedNow will be available to all US-based banks by 2024.
Judo bank breaks Aussie record with $400m round
90% of previous investors took part in the second funding round.
Big banks are driving fintech to the mainstream
And it’s happening faster than you think!
Video: fintech news weekly round-up – 29 July 2019
Some of this week’s news, in video format!
Banca Popolare di Sondrio adopts InstaPay
“Immediacy is the new standard demanded by users.”
Gatsby gets $1.5m funding for social trading
The platform is onboarding users gradually.
Co-op stores implement ACI’s Pay-in-Aisle tech
Scan and pay from your phone.
Aspire scores $32.5 million raise
The company graduated from Y Combinator Winter 2018 batch.
Stackin’ raises $4m for financial advice for millennials
Millennials can now be texted the best way to grow their money.
Challenger banks in South Africa: who’s who and what’s their tech
A comprehensive list of South African challenger banks and banking services and the tech they are using.
PayTech Awards 2019 in pictures
Celebrating excellence and innovation in the payments industry and people who make it happen!
StashAway snaps up $12m in Series B funding
Its latest round brings the total funds raised to date to $20.4 million.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
WhatsApp Pay coming to India later this year
It will need to comply with all of the regulations ahead of its launch.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
Payconiq raises €20m for mobile payments development
The platform already has over 60,000 merchants in Benelux.
Banking Technology Awards 2019 are open for entries
The Early Bird 10% discount deadline is 31 July 219, the awards close for entries on 31 August 2019
Revolut unveils free business accounts
Business plans can be upgraded or downgraded at any time.
Konsentus partners with Carta Worldwide for PSD2 compliance
The firm offers real-time TPP identity and regulatory checking services.
Friday the 13th is coming – is banking ready?
The deadline for PSD2 compliance is rapidly approaching – will your firm be ready?
Let’s work together
Bank-fintech collaboration should take priority on this year’s Sibos agenda.
MoneyLion roars with $160m funding
The company will have raised over $200 million in equity financing.
Capital on Tap partners with Marqeta
It has provided nearly £1 billion in funding to more than 60,000 small businesses in the UK.
Atom Bank raises £50m
Neil Woodford’s fund has announced its first major investment since the shuttering of its flagship vehicle last month.
TSB launches selfie account opening
The bank partnered with Jumio to develop the account opening technology.
soCash raises $6m in Series B
The round was led by Glory Ltd, SC Ventures and Vertex Ventures to expand their footprint.
The Win 10 Rush: How financial institutions can beat the clock to upgrade their PCs
Kevin Flaherty, CEO at BLM Tech reveals the key to carrying off large-scale IT projects.
Kaleyra and Epiphany join forces on open banking
It enables the two to jointly support banks with PSD2 compliance.
