Argentine money manager Ualá raises $150m in round led by SoftBank and Tencent
Bloomberg says Ualá is close to a $1 billion valuation.
Open Banking
UK challenger OakNorth’s partnerships chief leaves bank
Amir Nooriala has left the bank after just six months in the role.
MoneyLive 2019: Banks have to be humble even if they’re everywhere, says ING exec
Banks tend to over-promise to customers through their adverts, says ING CIO
Brazil’s Pride Bank says it’s the first LGBTI+ bank in the world
Last year Brazil’s far-right president, Jair Bolsonaro, tried to stop LGBTI+ films.
OP Financial chooses Nordic API Gateway for open banking
OP Financial is looking for partners focusing on CX, reliability and security.
Canada’s online brokerage Questrade plans banking licence
A trademark application was also filed back in October for Quest Bank.
Ex-Virgin Money execs’ venture Snoop gets FCA approval
It can now receive financial data from banks as a registered third party.
UK mobile-enabled credit card Tymit raises £4m
Users can bundle abroad purchases into one big repayment.
Swedish neobank Northmill appoints new chief analytics officer from Swedbank
Georges Mansourati spent eleven years at Swedbank.
CSConnect UK 2019: Round-up of key cybersecurity trends
The conference brought together chief information security officers (CISOs).
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
Former FCA exec says banking tech could lead to discrimination
Diverse hiring practices would help address discrimination by financial technologies.
Open Banking Expo 2019: Vested interests preventing international adoption
Industry panel discusses the reaction other markets have had to the UK’s Open Banking initiative.
Open Banking Expo 2019: Innovation by regulation is a “flawed idea”
Panel believes that banks and partners can be trusted to innovate without deadlines.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
Hungary’s National Bank fintech strategy combats digitisation lag
The national bank has drawn up its own fintech guidelines “to speed things up”.
Backbase Connect 2019: Final round-up and key takeaways
How banks will survive the “neo-reality”.
Backbase Connect 2019: Backbase’s CEO says its biggest challenge comes from its customers
Banks need to fully commit to a “neo-reality” digital transformation.
Backbase Connect 2019: How Backbase built a digital bank in 47 minutes
From an uncustomised template to a fully-customised, integrated banking app with 13 mins to spare.
Backbase Connect 2019: Backbase challenges Banco Santander’s €20bn digital spend
The digital banking firm says it will build a digital bank in one hour.
Sweden’s subscription manager Minna Technologies lands deal with Norway’s SpareBank 1
Competitor Subaio has recently signed deals with various other Nordic banks.
South Korean regulator plans Open Banking experiment
The scheme will involve a “comprehensive assessment” for Open Banking.
HSBC-backed fintech Bud looks beyond financial sector in re-focused product model
The fintech has axed 20% of its staff and undergone a business restructure.
Saudi Arabia’s Riyad Bank pumps $26.7m into new fintech start-up programme
The programme will bring together entrepreneurs and tech companies.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Monzo hires new CRO with blue chip banking career
Lisa Nowell leaves ClearBank after just six months.
Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
UK fintech Koyo raises £3.8m to aid wiped credit histories
The fintech helps migrants or people who’ve never taken credit or been the main bill payer.
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
Bank of America unveils new mobile banking app with loan applications built in
The bank has 29 million mobile clients.
Spanish fintech PecunPay chooses IBM to implement Red Hat platform
The start-up is trying to keep up with ever-changing mobile apps.
US challenger Current raises $20m in Series B, surpasses half a million customers
The neobank began as a parent-controlled teen debit card in 2017.
SMB lender BlueVine launches banking service with Mastercard debit card
SMBs will see 1% interest on their balance and no monthly fees.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
Temenos picked by Danish challenger Lunar to fight financial crime
Temenos says it was chosen to “address stringent regulatory demands”.
Goldman Sachs leads $35m Series B round in data storer Very Good Security
Andreessen Horowitz and Vertex Ventures also participated.
