Abu Dhabi regulator tightens up funding rules
ADGM also teams with Beijing-based firm for Belt and Road initiative.
Start-up
Bezos and Gates back Wagestream’s £4.5m funding round
Start-up launches “get-paid-as-you-go” service in UK.
Novo business banking launches in US
New bank offers a current account and debit card solutions for start-ups.
Case study: Live Oak Bank and Finxact – riding the second wave
The US, in particular, is in urgent need of new core offerings to support next generation digital banking.
New bank in Morocco opts for Path Solutions’ iMAL core banking system
Start-up Islamic bank Bank Al-Tamweel Wa Al-Inma (BTI Bank) implements new front-to-back office tech.
Australian challenger bank Judo selects Temenos T24 core system
Bank is looking for SME sector success.
Sberbank and 500 Startups unleash Russian fintech accelerator
Each start-up will receive seed investment of up to $145,000.
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
UK challenger bank Monese eases into $60m funding
Pushing ahead with its mobile banking plans across Europe.
UK savings app Numeos gets FCA seal of approval
Start-up is now regulated by Financial Conduct Authority.
Norway’s Kraft Bank craftily powers up
Sandnes-based bank plans to offer consumer loans and credit.
Greece’s first challenger Praxia picks Temenos T24 core banking system
As it recovers economically, SME lending can add a boost to the country.
Varo Money on course for first US bank licence
Start-up could be first fintech to receive bank charter from OCC.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
UK start-up Tailord to launch fitting fintech products
Will offer a payments ring, online account and cash loading.
Insurtech Sagittae targets risk sharing on blockchain
Dutch firm offers peer-to-peer financial protection.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
Foxconn and friends form $100m VC fund in US
Wisconsin business community gets some love and (more importantly) money.
An overview of neobanks in Latin America
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.
Instantor unleashes World Domination Starter Kit for APIs
It isn’t the plan of a Bond villain – it’s for developers and start-ups.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Banking Technology September 2018 issue out now
Elements of fintech, pure in substance.
Bangkok Bank calls for banging fintech start-ups
Bank is egged on by Nest to drive Thailand’s ecosystem.
Top fintech stories this week – 31 August 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
Contovista brightens up data for Swiss start-up Neon
Neon will use Contovista technology for its payment data analysis needs.
Gold-as-currency enabler Glint seeks US sprint
Partners with Sutton Bank and Galileo Processing for American dreams.
Switzerland relaxes AML rules for small fintech firms
For companies with gross revenues of less than CHF 1.5m ($1.53m).
Stripe and Visa join $8m funding round in African start-up Paystack
Nigerian payments firm also gets help from Tencent and Y Combinator.
ZestMoney goes zestier with $13.4m funding
Indian firm aiming to up its tech and product line.
Challenger QPay launches for students in UK and Australia
Canberra-based firm also plans to become a bank.
Australian challenger bank Archa takes a bow
Mobile-only financial platform plans to get banking licence.
Binance Labs launches incubator for crypto start-ups
$500K for those firms selected.
Indian start-up PaySpoon dishes up mobile credit
Lendtech and paytech firm wants to be a quick fix.
Vestigo Ventures unveils vertigo-inducing $59m fund
Good news for US fintech companies.
Wrath and woe as Revolut unleashes AML crackdown
Challenger responds: “We’re really not sure what the story is here.”
Sentifi savours success at Swisscom start-up challenge
Swiss firm bested more than 230 rivals to win the challenge.
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