Path Solutions signs Somalian challenger MyBank for iMAL core
Path Solutions says it now has a “stronger focus” on the Somali market.
Partnerships
DriveWealth extends to UAE with Wealthface agreement
Trading technology firm signs first Middle East deal.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
Temenos and ClearBank team up for UK cloud payments
The partners will offer access to real-time payment services.
Fiserv acquires POS partner Bypass Mobile
The two firms will work on new “purchasing experiences”
Wirecard expands ecommerce partnership with WeChat Pay
European merchants can integrate WeChat Pay “in just a few minutes”.
Mastercard set to propel bunq’s Green Card throughout Europe
The cards have seen a CO2 reduction of roughly 30.8 million kg so far.
Video: Hot-seat with Steven Marshall, CCO of Crown Agents Bank
He reveals how a legacy institution can stay relevant and adapt in this digital wave.
WorldRemit teams up with Paykii
It will launch international bill payments through its own app/website using Paykii’s tech.
Ask the expert: what can I do to ensure my fintech is protected during these challenging times?
As a growing a fintech, you’ve worked hard to get to where you are. You mustn’t let momentum slow.
Citadele Bank invests €10m in SME Finance
The partnership will offer factoring and banking services.
Goldbell Financial Services picks Mambu to power debt investment
Singapore finance provider picks Mambu’s SaaS banking platform.
Penta lands $20.3m to help German and Italian SME
The round was co-led by RTP Global and HV Holtzbrinck Ventures.
TransferWise teams with Alipay in latest Asian expansion
TransferWise customers just need the recipient’s name and Alipay ID.
Life in the time of COVID-19: learning to share
“Humans. So many good ideas. So many failed ideals.”
Daon to provide biometric authentication for digital bank Tonik
Tonik was founded as Southeast Asia’s first digital-only bank.
US Bank connects customers with Fiserv data solution
API-based service to aggregate US Bank customers’ data.
Al Ansari Exchange chooses Pelican’s AI-based AML solution
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
Wirecard strikes again with Klarna payments partnership
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Neyber sells up to biggest rival Salary Finance
The sale is “understood to have seen Neyber’s assets sold for a meagre sum”.
Standard Chartered launches Banking as a Service solution in Indonesia
The white-label service was incubated at SC Ventures.
Inclusion, innovation, and mobile money in Sub-Saharan Africa
“If our systems fail, a big part of the economy would fail,” says exec.
Wirecard and Singapore’s Grab partner on payments
The partnership will begin in Malaysia, the Philippines and Singapore.
Visa teams up with Nigeria’s Paga
Lagos-based Paga holds more than 14 million customers across Nigeria.
Greensill buys Aussie payday advance app Earnd
The acquisition marks Greensill’s move into payday finance.
Aussie neobank Hay chooses Mambu’s cloud banking platform
Mambu landed two other Asia-Pacific deals this month.
Banking Technology March 2020 issue out now
Keep calm and carry on: Where does COVID-19 leave the Chinese fintech market?
Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
US challenger Branch partners Cardtronics to offer fee-free ATM service
Minneapolis-based Branch expands fee-free network.
Starling Bank amps up advertising efforts with Team GB win
The bank is offering every British athlete an account with £100 in credit.
Fiserv acquires long-standing partner MerchantPro Express
The two firms have held a partnership since 2009.
China’s Ant Financial buys small stake in Swedish unicorn Klarna
Klarna is already embedded into Alibaba’s AliExpress.
India’s lending start-up SMEcorner bags $30m Series B
The round was led by a $10.5 million investment from Germany’s Paragon Partners.
ATB Financial’s digital bank Brightside launches in Canada
The neobank is focused on “making saving easy”.
Samsung SDS and Credorax to launch DLT account reconciliation platform
The companies say the decision to team up was driven by open banking.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Dissecting banking technology trends in 2020
This year will be one of continued disruption and evolution in banking technology.
PPRO gives Europe’s merchants access to Chinese shoppers with UnionPay
The Chinese ecommerce market is currently valued at more than $1 trillion.
New Zealand’s central bank launches new market infrastructure with Italy’s Sia
“The extent of change is significant,” says RBNZ, which is deploying to 57 banks.
Data firm Akoya spun out as independent company by FMR
Akoya goes it alone after less than a year under FMR umbrella.
