ThinkMarkets launches ThinkPortal app for on-the-go account management
ThinkPortal app is a new multi-functional mobile app for traders.
Mobile
Fintech start-up Rauva buys Banco Empresas Montepio for €30m
Rauva’s CEO and founder, Jon Fath, says the start-up is on its way to become one of Portugal’s first unicorns.
Engagement banking
The idea of personalisation has been around for decades in banking, so it’s time customers get what they deserve.
ICYMI fintech funding round-up: CredRight, MFast, Maly and OneID
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US Bank and subsidiary Elavon launch new POS solution for small businesses
The solution seeks to help small business owners avoid making a “large upfront investment”.
Providence FCU taps Mahalo Banking for digital banking upgrade
The upgrade will introduce new features including live chat and a personal finance management tool.
BMO Commercial Bank taps Extend to launch corporate spend management app
BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend.
ICYMI fintech funding round-up: Zanifu, Koverly, Micronotes & more
Our weekly fintech round-up for you to get the latest funding news from around the world.
LemFi bags $33m in Series A funding round to fuel global expansion
LemFi was founded in 2020 to provide immigrants with better access to financial services.
Moniepoint gets the go-ahead to acquire Kenyan fintech Kopo Kopo
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
Brazilian fintech Nomad secures $61m in fresh funding
The funding was led by Tiger Global Management, with participation from existing investors
US fintech Stash names Chien-Liang Chou as new CTO
Chien-Liang Chou joins Stash from banking app start-up Dave, where he worked as CTO.
ICYMI fintech funding round-up: Communion, CityPay & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Points West Community Bank taps Apiture for digital banking upgrade
The bank says it wanted to enhance its digital banking solutions following more customers wanting to go digital.
Indian neobank Zolve expands into expat-friendly mobile services with telecom-as-a-service platform Gigs
Zolve’s telecom-financial offering is tailored for expats pursuing educational or professional opportunities in the US.
Turkish fintech Param acquires BNPL firm Twisto to boost European expansion
Param plans to leverage Twisto’s licences to offer its embedded financial solutions across Europe.
Monzo tops CMA banking satisfaction survey once again
The independent survey was carried out by Ipsos and BVA BDRC between July 2022 and June 2023.
Mexican challenger Klar lands $100m debt facility to expand credit product offerings
The new facility has been provided by US investment firm Victory Park Capital.
New digital bank for the US military Roger launches
Roger was built in partnership with banking technology solutions provider Nymbus.
PayPal appoints Alex Chriss as its new president and CEO
Chriss joins PayPal from business software company Intuit, where he worked for over 19 years.
Nutmeg and Chase UK CEO Sanjiv Somani resigns
According to a Companies House filing, Somani has resigned as head of Nutmeg and JP Morgan Europe.
Digital dementia: have banks forgotten about their customers?
In the race to optimise cost and efficiency through technology, let’s not forget to ensure a human touch remains.
US fintech Greenlight launches credit builder tool for teenagers
Greenlight says parents can add their teenagers as authorised users of its credit card to start building credit.
PayPal launches US dollar stablecoin PayPal USD
Rolling out in the coming weeks, PayPal USD will be available to purchase for eligible US PayPal customers.
FinTech Futures: Top five stories of the week – 4 August 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Vanquis Banking Group buys UK smart money app Snoop
Snoop leverages AI and open banking technology to provide personalised overviews of spending habits.
South Korea’s Finda bags $37m Series C funding
JB Financial Group took part in the round as a strategic investor, acquiring a 15% stake in the company.
US fintech start-up Croissant launches with $24m funding
Croissant integrates into merchants’ shopping experiences to offer customers guaranteed buyback value at checkout.
Mercury Financial secures $200m debt facility to expand credit card business
The facility has been provided by client funds managed by US investment banking company Neuberger Berman.
Pay.UK reveals big jump in number of current account switches in the UK over last 12 months
Pay.UK’s Current Account Switch Service has seen a 50% increase in switches compared to last year.
GAT Investment Bank taps Currencycloud for new app launch
The app will leverage Currencycloud’s multi-currency virtual accounts for cross-border payment services.
Vietnam’s OCB taps Backbase for personalised digital banking solution
The project implementation will be led by Backbase’s partner SmartOSC.
Vietnamese fintech start-up Gimo secures $17m in Series A funding
Founded in 2019, Gimo provides flexible pay and financial wellbeing solutions for underbanked workers in Vietnam.
Dutch challenger Bunq lands additional €44.5m funding to fuel international expansion
The digital bank says it has now raised around €100m in funding over this year alone.
UK challenger Atom Bank records first ever annual operating profit
The bank has seen its customer count jump from around 123,000 during FY22 to 224,000 at present.
Banking Tech Awards 2023: Nominations deadline extended!
Submit your nominations before 4 August 2023!
Finalists announced for PayTech Awards USA 2023
We are thrilled to share with you the finalists for the first PayTech Awards USA!
UK’s Clockwise Credit Union launches self-built core banking solution
Clockwise’s IT manager says the launch is a “culmination of a huge amount of work over the past six years”.
Virgin Money to shutter 39 bank branches across the UK
The closures, which will take effect in October, will leave Virgin Money with 91 bank branches in the UK.
The US Federal Reserve launches new instant payments system FedNow
FedNow operates in parallel with the Federal Reserve’s existing payment services, Fedwire and FedACH.
