Irish credit unions finally take on banks with new current account offering
The country has long-awaited the sea change.
Open Banking
Natwest, Nationwide and RBS pull banking apps from Google Play for Samsung S10 users
The S10’s fingerprint feature glitch means it can be unlocked by anyone.
B-North aims to bring back brokers to the UK SME market
The fintech is in the process of acquiring its banking licence.
Luge Capital raises $85m to invest in Canada’s start-ups
Investments will range from $150,000 to $2 million.
US fintech community dealt blow by federal court as charter is denied
The OCC will be appealing the decision by the US courts.
Crunch launches mobile accounting platform for UK’s self-employed
The cost £5.5 million and four years in development.
Instabase raises $105m sent to unicorn status
The bank app has raised $132 million since it began in 2015.
Kaleyra and Epiphany launch first open banking hub in Italy
The hub will give banks a space to launch PSD2-compliant products.
Mastercard and Visa battle over Revolut deals
Revolut says 75% of its non-European cards will eventually be Visa branded.
Dutch challenger bank bunq reveals Brexit delayed its ‘wish list’ UK launch
The UK was the first country on bunq’s launch “wish list”.
PayPal subsidiary Venmo launches first credit card with Synchrony Bank
Venmo will now be able to compete with N26 and Chime in the US market
Video: Top fintech stories this week – 18 October 2019
FinTech Future’s weekly news round-up.
Finovate Podcast: Epsiodes 1-10
Catch up on the latest Finovate Podacast espisodes.
DIS 2019: OBIE trustee says business-consumer adoption figures in ‘hundreds of thousands’
The ‘big nine’ UK banks still represent around 95% of the market, says OBIE.
DIS 2019: Lendtech OpenWrks says it can predict divorce and relationship breakdown
OpenWrks can determine when gambling will become a health issue too.
Brazilian fintech Nubank’s user base soars to 15 million
The fintech has reached decacorn status with a $10 billion valuation.
OTP Bank welcomes “later-stage” start-ups to its partnership programme
Applications need to be made by 22 November 2019.
Revolut hires JP Morgan to manage $500m funding round and issue a $1b loan
The loan will turn into shares if Revolut receive a US banking licence.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Branch launches free checking account and debit card for hourly workers
The fintech wants to increase financial stability in the US.
Temenos signs core banking deal with Maltese challenger Laskaris Finance
Laskaris will serve high-net-worth individuals and corporate clients.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
DPR and ClearBank complete partnership, savings meet APIs
DPR’s core banking technology will serve Clear Bank’s savings customers.
Yolt gets closer to all-in-one banking app with Raisin
Yolt’s UK, France and Italy-based users can now open a Raisin account.
Norway’s largest bank set to monopolise country with all-access mobile banking app
DNB has access to every bank in the country.
PayExpo 2019: Monzo COO not so sure it needed to be a bank for its success
His reasons boil down to expensive, slow and heavy hoops since its licence.
Consumer champion app Snoop goes live, founded by ex-Virgin Money execs
The UK-based fintech is accepting sign ups on its waiting list.
Swift and HSBC team up for common API standard in Hong Kong
Partnership aims to prevent fragmentation and enhance API uptake
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
Banking Technology October 2019 issue out now
Lessons from Africa.
Open Banking app VibePay launches in the UK
1,000 “selected members” will test the service.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
Swedish challenger bank PFC goes live on Mambu technology
Mambu banking engine gets green light 10 months after launch.
NatWest online banking glitch exposes account details to wrong customers
Customers could see “bank details, balances and transactions” of other customers.
TransferWise delivers cheaper international payment service to US
The service gives customers access to the real exchange rate.
Danish fintechs partner to set new standards for accounting industry
Businesses can see transactions in seconds rather than days.
Sibos 2019: Final wrap-up of talks, interviews and daily news
See our final wrap-up of the London-hosted four day event!
Mobile finance fintech Channel VAS lands $54m investment
Investors see potential in Africa’s “growing yet underpenetrated mobile airtime market.”
Fibank, Mastercard and Garmin launch pay watch
The tech enables contactless POS and ATM transactions.
Sibos 2019: “We don’t get rid of anything in this industry”, says Fiserv director
Fiserv talks on the evolution of payments.
