India’s Wipro to buy Finastra partner Encore Theme Technologies
Encore Theme claims to be one of Finastra’s “fastest growing partners”.
FinTech
TrueLayer nabs former Amazon and AmEx exec as new CPO
Ossama Soliman joins TruLayer as its new chief product officer.
Engage, empower and advance: Black voices in venture capital
Co-founder of BLCK VC and Storm Ventures associate, Frederik Groce, is on a mission.
Visa to acquire LatAm API-based payments fintech YellowPepper
The value of Visa’s acquisition is also undisclosed.
Sustainable banking app Novus launches website and waiting list
The new app promises to help users lead a better lifestyle.
Bahrain’s Tarabut Gateway brings its open banking platform to UAE
Tarabut Gateway is also opening two new offices, one in Abu Dhabi, and one in Dubai.
A banker goes a-banking, volume 7: why can’t we be friends?
What 15 years of digitisation & modernisation have gotten us from the consumer’s point of view? It’s not looking great.
Prospa sets out to serve global diaspora of African entrepreneurs
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Neobank Vybe plans 300,000 new customers in UK and France
Vybe’s CEO claims the challenger already has 950,000 people signed up and ready.
Money management fintech Yatta emerges in Dublin
Yatta promises to help users navigate the “complexities” of financial decision making.
Snoop closes £10m on Seedrs
The Snoop app launched in April.
Nordic challenger Lunar lands $47m Series C
The round arrives just seven months after its €20 million Series B extension in April.
PrimaryBid lands $50m from LSE, Draper Esprit & ABN AMRO
It adds to PrimaryBid’s $8.6 million Series A last year.
PayPal weighs up crypto acquisitions following major wallet update
BitGo had a valuation of around $170 million in 2018.
Monet Money to target UK’s creatives with cash flow app
The beta version of its app is expected to land in February 2021.
Effectively combating fraud while staying user-friendly
The current cyber threat landscape, authentication methods and how the industry continues to fight back.
Video: Top fintech stories this week – 23 October 2020
FinTech Futures’ weekly news round-up.
NatWest accelerator graduate Hoddle launches beta savings app
Hoddle was brought onboard to NatWest’s accelerator programme by Steve Chown.
FinTech Futures Jobs: six skills that can get you hired in fintech
The global market is predicted to grow at a rate of 25% annually – plenty of opportunities for job seekers!
Mexico’s credit alternative challenger Klar lands $15m Series A
“We help people build credit by looking at how and where they spend their money.”
Game over, insert coin
We are trying to pay lip service to wholesale dramatic change but get away with cosmetic modifications.
Modulr lands EMI licence from Ireland’s central bank
The licence will underpin the fintech’s European expansion.
White paper: Low code development in banking and its role in high speed content-based services
How banks can make more strategic use of their content, developing applications at speed that transform services & user experiences.
UK challenger Lanistar lands £15m from CEO’s family
“Lanistar is not only planning to stand out, but step over all the other start-ups”.
Trading 212 integrates TrueLayer’s open banking platform
The API allows users to quickly and securely fund their investment account, using payments initiation.
Chinese regulator approves Hong Kong leg of Ant’s $30bn IPO
The company still needs approval from the Hong Kong stock exchange’s listing committee.
TCO Report: on-premise storage vs public cloud storage
The guide to economic advantages of on-premises object storage vs public cloud for enterprise data storage.
Video: Top fintech stories this week – 16 October 2020
FinTech Futures’ weekly news round-up.
Canadian robo-advisor Wealthsimple lands unicorn status with $87m raise
Wealthsimple serves some 1.5 million users.
Fronted joins Yobota’s first cohort of core banking clients
The fintech is just “a couple of months” away from going live on Yobota’s core banking platform.
The end of apps
Is it time that we jumped from the app bandwagon?
Tide and GoCardless sign invoice-chasing payments partnership for SMEs
The two firms claim SMEs are suffering without timely invoice payment.
JP Morgan Chase partners with Greenlight for kids account
The JPMorgan Chase app has around 39 million ‘active’ customers.
FinTech Futures Jobs: five exciting fintechs that are hiring now
Top fintechs looking for talent, including Monzo, OakNorth, Cleo AI and Chip.
Aussie trading app Stake makes leap to LatAm with Brazil launch
“LatAm looks to the US as a beacon,” says COO.
Klarna under investigation by UK regulator for ‘unsolicited’ emails
The Information Commissioner’s Office (ICO) is investigating the claims.
Ex-Revolut execs form start-up investment firm Expansion Capital
Of its 15 investments, three were founded by Revolut alumni.
Central bank digital currencies – don’t get the popcorn
If the art of the possible is being explored, the art of the valuable remains elusive.
US rapper Killer Mike unveils Black and Latino-focused challenger bank Greenwood
Each month, the digital challenger promises to gift $10,000 to Black or Latinx businesses.
Ternio becomes Visa’s first crypto enablement partner for debit cards
“This shows Visa’s commitment to onboard other companies which develop crypto.”
