eToro buys blockchain company Firmo
This is eToro’s first acquisition.
Peer-to-Peer/P2P
Interview: Pavel Novak, Zonky – a fintech fable
Zonky’s helpful community in the Czech Republic and which country the P2P lending firm might target next.
Banking Technology February 2019 issue out now
Superstructures: fintech reaches new heights.
Interview: Roderick Simons, CTO of Yolt
What is it like to build a smart thinking money app from the ground up?
Initiatives by India’s government to boost fintech
The fintech space in India has seen an exponential growth over a few years.
Top ten banking tech case studies in 2018
Banks and FIs from around the world share their tech modernisation experiences.
Interview: Transferwise – the power of partnerships
We talk to Transferwise about its progress, with partner banks as well as under its own steam.
TransferGo launches Seedrs aiming at €11.5m investment
Only €1 million will come from crowdfunders.
Lending Club, Wealthfront and Intuit team for consumer data
What do you get when you combine Intuit, Lending Club and Wealthfront?
Case study: Home Credit – to its credit
Life is good at the heart of Europe.
How banks and disruptive fintech start-ups can create new economic models
Start-ups want to create valuable new products cost effectively and in a spirit of openness and mutuality.
Case study: Robocash – fintech crossing the borders
How to adapt a standard financial product to local specifics, by the examples of Kazakhstan and Spain.
Top fintech stories this week – 1 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Big bank’s mobile app Beem IT goes live in Oz
Australian app created by CBA, NAB and Westpac.
PayPal and Google Pay deepen payments relationship
More payment options across the Google ecosystem are on the way.
JP Morgan Chase to patent blockchain-based interbank payments tech
Application filed with the US Patent and Trademark Office.
Amazon eyes PayPal’s crown with Alexa payments platform
E-commerce titan could be taking on Visa, Mastercard and PayPal.
P2P investor Bondster implements Leveris’ core banking tech
Bondster Marketplace in the Czech Republic has implemented Leveris’ core processing platform.
Moneyou’s Tikkie app comes to Germany
The app and its tech were jointly developed with the Munich-based FinTecSystems.
Standard Bank sells mobile paytech Oltio to Mastercard
Mastercard has acquired Oltio, a mobile paytech firm in South Africa.
Ink Protocol and Kleros to tackle P2P marketplace transaction disputes
They seek justice. It is written onto the Ethereum blockchain.
Is it a bird? Is it a plane? No, it’s EasyMoney
EasyJet is getting into the fintech business with the launch a new financial savings and lending platform.
Bitbond and 1741 Fund Management launch alternative investment fund
Institutional investors will have access to SME loans originated through Bitbond’s lending platform.
Open banking: what you need to know
The landscape for financial services is changing, and the jury is still out on how the endgame is going to play out.
Three of Australia’s largest banks partner to create payment platform Beem
Three of Australia’s largest banks, The Commonwealth Bank (CBA), National Australia Bank (NAB) and Westpac have partnered to create Beem – a new mobile peer-to-peer (P2P) payments platform.
Case study: the technology behind P2P
The UK peer-to-peer (P2P) lending market has flourished in the last decade. Lending volumes among the major platforms are increasing rapidly, pushing the cumulative total above £7 billion for the first time, as the understanding of the investment model continues to grow.
IBM and Zelle team up to advance P2P payments
IBM says it has launched an “industry first” solution to support the full lifecycle of peer-to-peer (P2P) transactions, from the back office of financial institutions to the mobile device.
What does the new iPhone X mean for mobile banking?
Mobile banking is nothing without mobiles, and as Apple leads the way in innovation it provides opportunities for banks to do things differently too. So, with the launch of the iPhone X, what is next for mobile banking in a world that can’t get enough of phone upgrades?
P2P lender Prosper’s valuation stands at $550m with new funding
US peer-to-peer (P2P) lending firm Prosper has landed $50 million in a Series G funding round. The capital comes from Hong Kong-based FinEx Asia and LPG Capital and raises the San Francisco-based company’s total equity funding to $410 million.
Has the face of payments changed forever?
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
Nets Takes Real-Time P2P to Mobile Wallet Vipps
Nordic payments processor Nets has entered into a 3-year partnership with Vipps, a mobile payment application provider in Norway, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.
Is Prosper prospering?
Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.
Is this the end of fintech as we know it?
In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.
StreetShares raises $10.3m for “Shark Tank meets eBay” approach to P2P lending
Alternative lending platform StreetShares raised $10.3 million in a venture round this week. The funds come from an undisclosed investor and bring the Virginia-based company’s total funding to almost $20 million since it was founded in 2013.
PayPal Doubles Down on P2P with Skype
PayPal is on a tear in terms of taking on new partners and is looking to significantly boost its P2P payments volume, which grew 103 percent in the second quarter, reaching $8 billion in Venmo transactions. The company announced in a blog post on Aug. 2 that any of the more than 1 billion people who’ve downloaded the Skype mobile app will be able use it to send money across borders.
Klarna unveils free P2P payment service, Wavy
Klarna has unveiled Wavy, a new, free P2P payments service. Available in iOS and Android as well as online, the free app enables users in more than 30 European markets to transfer euros between friends and family.
Three Under-Tapped Markets and Use Cases for Prepaid Cards
Prepaid issuers should look to certain banked consumers, P2P and mobile wallet users to gain top-of-wallet status with a whole new set of customers.
Urban FT buys iParse to speed mobile app onboarding for FIs
Mobile banking technology firm Urban FT has completed its acquisition of iParse LLC
PFS deal to provide Moneymailme users with prepaid cards
Users of Moneymailme will have the option of using physical and virtual prepaid cards to make purchases with the funds in their e-wallets. The new feature, announced June 28 at the Money 20/20 Europe conference, is the result of a partnership between the London-based social money transfer provider Moneymailme and Prepaid Financial Services, a U.K.-based payments technology provider.
P2P Is Gaining Steam, but Security Concerns Remain
Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills—but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet. It also found that that while only 35 percent of U.S. consumers use such P2P products as Venmo, PayPal and Square Cash, 63 percent are interested in the payment technology.
