Sibos 2019: “Digital transformation will happen quicker in LatAm than Europe”
McKinsey predicts “the spike” will hit soon.
SME
Fundbox raises $176m from Allianz X and GMO Internet
Fundbox can offer businesses greater cash flow predictability.
Sibos 2019: Swift reveals 41 second European payments pilot
The payment traveled from Singapore to Germany.
Bridging the divide: ensuring financial inclusion for SMEs globally
There were 5.7 million SMEs in the UK in 2018 contributing 47% of revenue to the UK economy.
Supplement: FinovateFall 2019
Read our free FinovateFall Supplement, packed with fintech goodness!
Banking Circle calls for financial inclusion for SMEs
The paper explores how to bring barriers down for small players.
Barclays and JP Morgan Chase invest in TouchBistro
TouchBistro leads “a technology renaissance” for restaurants.
Making banking human again
It might sound like a contradiction, but technology needs to make banking human again.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
DN Intersect 2019: final round up and key takeaways
The conference was predominantly focused on North America.
New challenger AlbaCo plans to launch with Temenos’ core banking
It expects to receive a licence from the PRA and launch in 2020.
Valiant, Contovista and Swisscom launch a multi-banking solution for SMEs
SMEs can manage their liquidity across all connected accounts.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
DN Intersect 2019 Day 1 key takeaways: ‘Branches are here to stay’
FinTech Futures shares Diebold Nixdorf’s latest insights live from Las Vegas.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
B-North chooses Mambu and nCino for core technology
B-North is still awaiting a licence from the FCA.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
NorthOne joins forces with Radius Bank for small business mobile banking
Development partner, Treasury Prime, designed that API technology to streamline account opening.
The key segment to nurture in 2020 and beyond
The biggest challenge may be the paradoxical ways SMBs view their relationship with their bank.
Empaxis teams with InvestCloud to launch TAMP1
The platform is designed for small to medium-sized investment managers.
SME lending: banks aren’t using enough data
And it could be hurting their bottom line.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Atom Bank, iwoca, Modulr and Currencycloud get £10m BCR grant
Public commitments include new UK job.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
SoftBank supports start-ups under the radar
The Japanese technology giant invested $5 billion into Latin American “unicorns”.
Female founders become Accenture Lab’s new focus
This year Accenture wants to narrow the gender gap in fintech
Banking platform for freelancers Joust raises $2.6m
The neobank allows workers to get paid faster.
JP Morgan Chase invests in accounting software platform FreshBooks
A JPMC representative will be joining FreshBooks’ board.
Tesla-fy your bank
Will banks ever truly reinvent banking?
Trov partners with Lloyds and launches white-label insurtech platform
Later this year, Trov and Lloyds Banking Group will release an insurance product on the ‘Powered by Trov’.
BHF Rural Bank pilots programme with PearlPay
BHF becomes first ever Filipino rural bank to use core banking solutions.
Code Investing launches instant decision SME loan portal
The online broker solution is a UK-first for loans up to £5 million.
Aspire scores $32.5 million raise
The company graduated from Y Combinator Winter 2018 batch.
