OakNorth partners with major US lender PNC Bank
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
FinTech
Banking Tech Awards 2020 now open for entries!
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Monzo cuts 120 jobs in its UK head office
The redundancies account for roughly 8% of the start-up’s workforce.
SoftBank unveils $100m fund for founders of colour
SoftBank’s COO says the fund will help create “a new generation of founders”.
Varo raises $241m Series D with new investor Gallatin Point Capital
To date, the fintech has raised $419.4 million.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
On getting a job, but finding love. Every bloody time.
I don’t know how to not care.
Nubank soars ahead with 25m customers
In Q1 of 2020, Nubank acquired 42,000 users each day.
Tink lands second strategic investment from PayPal
As part of the deal Tink will cover all countries in EEA for PayPal.
Earnings on demand fintech Hastee rolls out Visa debit card
“Users visit our app on average one and a half times a day,” says CTO.
Breaking down challenges for challenger banks with Ohpen
“It’s not just about a sexy frontend or onboarding,” says CCO.
Appway raises $37 million in equity funding from Summit Partners
Lifecycle management firm secures first external capital raise.
E-book: The inevitable collision of identity proofing & authentication
How to achieve end-to-end identity verification and authentication in today’s digital world.
What the Fintech? Episode 6 | Digital disruption: entering new markets
Findr CEO Greg Watts provides his insight on creating a start-up amidst a global pandemic.
Truelayer signs payment initiation deal with UK government
The open banking firm has been added to the Payment Acceptance Framework.
Ugandan multi-currency wallet Eversend crowdfunds $706,000
The start-up has issued 8.74% in equity to investors.
Financial text message platform Stackin’ lands $12.6m
The fintech says it has more than one million subscribers in just one year.
Transact Bank partners with telehealth start-up Hopdoc
Transact Bank’s parent company Transact Pro will facilitate the payments.
iSignthis drops $1m on NSX shares to further rival ASX
The company’s subsidiary Probanx Solutions has bought 16.5 million NSX shares.
Open banking fintech Belvo lands $10m for Brazil expansion
The firm is also looking to hire between 40-50 new developers.
Locked out of Europe: fintechs holding the key to financial inclusion of refugees
Fintechs could, in principle, fill the void left by the large incumbents.
Webinar: How financial services firms are preparing for the new normal
The COVID-19 pandemic has forced a sudden shift from physical to digital.
bunq’s banking app gets a ‘swiss army knife’ style revamp
The “new-look” ‘bunq V3’ banking app is in beta.
Belgian challenger Aion rolls out business banking app
The ‘Premium Plan’ is €39 a month.
Facebook attempts to address concerns expressed by regulators on the original proposal
The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.
Video: Top fintech stories this week – 29 May 2020
FinTech Futures’ weekly news round-up.
Old habits die hard: are you thinking long-term for the good of everyone?
Is it all just reactionary, rather than calmly taking a longer-term view?
Introducing FinTech Features – showcasing the best in fintech on 30 June
A new digital platform for the financial services professionals to learn about the latest technologies and solutions.
Marqeta lands $4.3bn valuation thanks to mystery investor
Marqeta’s customers include Square, Uber, Instacart and DoorDash.
Starling Bank lands £40m from existing backers
The round was led by JTC and Merian Chrysalis Investment Company Limited.
Meniga lands $9.4m from Groupe BPCE, UniCredit and Crédito Agrícola
Groupe BPCE has been one of Meniga’s largest customers since 2018.
Innovation? It’s all about the data, darling
But we are already drowning in a sea of data.
Banking’s long divorce process
The separation of customer management from product management has very strong advantages.
Webinar: Balancing the IT compliance and innovation agendas in financial services
Join Dell Technologies, WWT and FinTech Futures on Thursday, 4 June.
Samsung unveils ‘Samsung Money’ with SoFi
User deposits will be FDIC insured for up to $1.5 million.
Dubai fintech Jingle Pay to launch digital banking in UAE
The start-up brands itself as a ‘Super App Neo Bank’.
Another trip around the sun
For our next go-round the sun let’s cherish the things we have and work towards the things we miss.
Strong customer authentication suffers another delay
Biometrics authentication is fast & easy to deploy, benefitting all stakeholders in an online payment transaction.
Taking a deeper look at deepfake technology
It’s only a matter of time before cybercriminals attempt to use deepfakes as a common way to defraud businesses.
How VibePay is quietly changing the UK fintech Twitter game
British grime MC JME donated £1,200 to the Vibe community last week during one of its social media events.
