Varo receives US national bank charter
Varo Bank will serve as the firm’s new banking arm, with Varo Money becoming its holding company.
FinTech
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Moneyfarm partners with Fabrick to expand open banking offerings
The pair plan to create a joint offering for customers in Italy and the UK.
What’s new Quotevine? Tom Jones joins as COO
Jones was previously Sopra Banking Software’s CTO.
Four lessons we can learn from the biggest financial technology scandals
From Wirecard and Enron to Bernie Madoff and Parmalat.
Video: Top fintech stories this week – 31 July 2020
FinTech Futures’ weekly news round-up.
AMTD Group teams with SME partners ahead of Singa Bank’s launch
AMTD is yet to land a licence to launch the bank.
UAE’s remittance fintech Denarii Cash expands beyond Middle East
The new corridors span the Middle East, and into South East Asia and Africa.
Enova International acquires struggling lender OnDeck in $90m deal
OnDeck has suffered in the wake of the COVID-19 pandemic.
WeLab Bank launches in Hong Kong
The challenger is offering users a numberless debit card.
Smart guide: How voice technology can protect your bank
To remain compliant and mitigate risk, voice tech should represent a core component of financial institutions’ regtech stack.
An executive’s guide to real-world AI – lessons from the front lines of business
The real-life stories in this guide, including from Capital One and Discover, demonstrate that AI is within reach of all businesses.
India’s large FIs “don’t believe in their youngsters” says Slice CEO
“All the banks see is risk,” Slice’s CEO Rajan Bajaj tells FinTech Futures.
Irish fintech CreditLogic raises €2.4m in seed funding
Lending firm to put new cash towards product development.
OpenWrks lands government deal as digital affordability provider
The government wants to digitise more of its debt advice service.
UK fintech Beanstalk launches JISAs for parents with just £5 to invest
The start-up was co-founded by former Capital One employees.
True Link lands $35m in Series B investment
The fintech’s valuation sits at around $115 million.
Curve lands first CFO from PayPal, announces Onfido partnership
Scott Weller previously spent a six-year stint at PayPal.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Lessons for my younger self
Careers and lives barely work to plan. Even if you have one.
What the Fintech? Episode 10 | Diversity & inclusion: AI bias
Theodora Lau, founder of Unconventional Ventures provides her take on artificial intelligence.
Deutsche Bank buys minority stake in Traxpay
Deutsche wants more European banks to invest in the platform.
TransferWise hits $5bn valuation with $319m liquidity round
The firm says it’s seen a 43% uplift in its value since May 2019.
Sezzle signs partnership deal with Plaid
Buy now, pay later fintech joins Plaid network.
11:FS makes second round of cuts, this time to 11:FS Foundry
Leda Glyptis will no longer be the Foundry’s CEO.
Revolut loses banking veteran CEO after one year to upstart Allica Bank
Davies says his departure is on good terms.
Stock trading apps are booming, but what about the education gap?
Are fintechs just “paying lip service” to education?
Law firm owner co-founds challenger Frost rivalling Snoop
It is currently applying for a banking licence with the Financial Conduct Authority (FCA).
Talk like an Egyptian: a brief history of data encryption
Can today’s PKI encryption techniques fill the promise of inherently secure data?
Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Chinese fintech Lufax targets $3bn in US IPO
Sources highlight that political tensions between the US and China could affect its listing plans.
Orange Bank Africa goes live with Temenos and NSIA in Côte d’Ivoire
The bank is set to expand to Burkina Faso, Mali and Senegal.
Exclusive: Money20/20 Europe sponsors join forces to assess Amsterdam event options
Money20/20 Europe assures the physical event in Amsterdam is safe and ready to go ahead.
New UK fintech Flex founded by former Pockit employee
Flex promises money management and savings tips for users.
A2A payments set to threaten dominance of online card transactions
A2A payments could be an unintended beneficiary of SCA.
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
Carta faces gender discrimination lawsuit
Paying her less than her male peers and subjecting her to other forms of gender discrimination.
Max Levchin’s Affirm lands Shopify buy now, pay later deal
Affirm will power instalment payments for ‘Shop Pay’.
Investment service Scalable Capital lands $58m in Series D
The start-up says it has more than $2 billion under management on its platform.
Webinar: Empowering your SME customers for the new digital normal with APIs and microservices
Real-life examples from Tide and THIS of how APIs and microservices have fuelled business transformation.
