UK savings app Moneybox lands £30m, plans crowdfund
Moneybox has raised £50 million since 2016.
FinTech
FCA and City of London to create COVID-19 inspired digital sandbox
The sandbox will be for both start-ups and “large financial institutions”.
Disposable card issuer Privacy.com lands $10.2m
The start-up has issued around five million virtual card numbers.
How fintech is transforming financial management capabilities for small businesses
Most business-facing fintech tools have adopted usability conventions from consumer-facing apps.
Video: Top fintech stories this week – 17 July 2020
FinTech Futures’ weekly news round-up.
COVID-19 analytics: the lesson for those involved in policy management
Modern data-enabled systems and processes are the key to staying competitive.
Webinar: The bottom line – simplifying digital evolution in financial services
Learn how to be be competitive, fast and secure – and the technologies to underpin the digital journey.
nCino prices IPO above price range at $31 a share
The company sold 8.06 million shares to raise $249.86 million on 13 July.
Bond bags $32m from Coatue, Goldman Sachs and Mastercard
Bond’s offering is based on “developer-focused” applications.
Tink continues acquisition play with credit decisioning platform Instantor
Instantor employees a team of 26.
Twitter shares slide 4% in wake of unprecedented bitcoin promo hack
The hacked accounts have tens of millions of users.
The LIBOR transition: why financial organisations need to work smarter and not harder
This LIBOR solution replaces an army of paralegals with technology able to extract information from a 200-page document and over 140 various data points.
Meet OneBanks: the fintech picking up after banks’ branch closures
The start-up wants to create a bank-agnostic branch network.
Webinar: Streamlining manual processes amid COVID-19
Experts from Banco Santander, Foxit Software and Xendoo discuss digitising paperwork during the coronavirus crisis.
Monzo takes another shot at paid current accounts
The paid-for current account is priced at £5 a month.
Currencycloud nabs e-money licence from Dutch central bank
The London-headquartered firm secures post-Brexit future.
Zambian mobile wallet Zazu launches virtual card
Zazu pivoted to digital banking in 2017.
Islamic P2P lender Qardus launches in UK for SMEs
The new P2P lender offers unsecured loans of up to £100,000.
Your LP is your customer, that’s important to understand
Customers want fund managers to do the work for them.
The stress of being stressed
This is the time to handle the pressure, not indulge in the stress.
White paper: Rearchitecting and simplifying post-trade operations
How cloud and innovative tech adoption can help overcome challenges in post-trade operations.
Robinhood lands $320m bumping valuation to $8.6bn
Its Series F stands at $600 million.
Nymbus signs partnership with Payrailz
The two firms will work to enhance Nymbus’s product ecosystem.
Co-operative Bank’s digital arm Smile goes down for days
Smile has around 100,000 customers.
Viva Wallet selects ClearBank as UK banking provider
Viva Wallet bought a Greek neobank back in January.
The changing landscape of banking
Choosing the right partnerships is critical to success and the right banking technology partner is crucial.
Ask the expert: how can I convince a prospect’s finance team to work with us?
The question is, how do you persuade them to sign a partnership?
Why there’s no slowdown in SaaS
How SaaS reconciliation tech can help banks to properly process and control mission-critical transactional, operational and reference data.
What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
LA neobank Aspiration plants 1m trees in three months
The scheme launched in mid-April.
MAS completes multi-currency blockchain testing
The blockchain network is jointly developed with JP Morgan and investment firm Temasek.
Savings app for first-time house buyers Nude is raising £3.5m
The start-up is applying for a UK banking licence.
LemonTree Software aims to disrupt back and middle-office systems
Its CCO speaks to FinTech Futures about the firm’s one-platform and auto-code approach.
Singapore’s ADBC signs MoU with Tencent Cloud
New Singapore bank plans cloud boost.
Web browser Opera to buy digital challenger Fjord Bank
In December 2019, the digital challenger landed a specialised bank licence.
ING appoints ex-Google and Confused.com exec as Yolt CEO
Weng Kan led Google’s attempt to edge into the insurance market in 2015.
Taulia to raise $60m from Ping An Insurance and JPMorgan
The finding could peg Taulia’s valuation at $400m.
Open banking: where you at?
There is still more to do, a lot more, and it heavily relies on banks’ cooperation.
Five ways it pays to go beyond ID-only verification
Identity verification serves many benefits to organisations seeking to build trust in their online channels.
Why remote onboarding is going to make or break banks
A number of onboarding steps can be automated, streamlined and simplified to deliver a better customer experience.
