Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
FinTech
Pakistan regulator accepts batch of start-ups for regulatory sandbox
The Securities and Exchange Commission of Pakistan received 32 applications.
FX fintech Wallex lands Series A led by Ant Financial-backed VC
The value of the round has not been disclosed.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Stripe adds Bacs Direct Debit to compete with UK rivals
Stripe will directly compete with UK home market player GoCardless.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
Codat raises $10 million in Series A funding
Financial data fintech plans US expansion.
Klarna dips its toe in the savings market with Raisin
Offerings range to terms of up to 48 months.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Fintech pirkx lands £960,000 and gains former Google exec
The UK company is expanding to Australia, South Africa and the US.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
Revolut’s vice president of growth set to leave
Soon to be former VP joined the start-up a year ago.
ING’s multibanking start-up Cobase gets two new shareholders
The start-up will expand beyond Western Europe.
Goldman Sachs closes Marcus to new UK users amid deposit surge
Since January, Marcus has seen more than £8 billion inflow.
Sberbank partners with Visa and Russian supermarket for ‘Take&Go’ store
The bank says 1,000 users have downloaded the app.
M1 Finance raises $33m in Series B funding
Left Lane Capital led the new round, brining M1’s total raised to $55m.
Indian digital wallet LovePay targets Gen Z market
The fintech already has more than 100,00 sign-ups.
Tell it cos it’s a good story
Why do all these dreamers and makers and poets work in banking transformation?
Video: Coforge – harnessing emerging tech and deep domain expertise in financial services
Digital services, intelligent automation, data & analytics, cloud & infrastructure – engage with the emerging!
Former Diamond Bank CEO launches Nigerian start-up Sparkle
Sparkle already has a banking license from Nigeria’s central bank.
Banking Circle helps Amazon sellers avoid international fees in US
Sellers can avoid the 3.9% international transaction fee.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
Indian SME fintech Zaggle partners with Visa to launch ‘Founders Card’
Both firms want to speed up access to credit for SMEs.
TransferWise hits £2 billion in customer deposits
Users can now send money with just a phone number.
Managing compliance in an age of innovation
Dell Technologies and World Wide Technology discuss the technology challenges facing FIs.
Developing industry-wide standards on DLT security will lead to wider adoption
To develop industry standards, four things need to happen.
Mobile banking platform Vivid Money launches in Germany
The challenger is working with solarisBank and Visa.
EY sued over Wirecard audit after management board comes under investigation
German regulator alleges Wirecard gave “misleading signals” for its stock market price.
US and French regulators team up to ease fintech market entry
Both regions want to boost their statuses as financial technology hubs.
PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
COVID-19: Highlight of the week
We focus on one particular coronavirus news item affecting the fintech industry.
DIFC dips into $100m fund to invest in four start-ups
The Dubai-based innovation centre plans for Series A injections to come.
Wealthify CEO steps down as Aviva seals acquisition
All three co-founders have taken exit options from Aviva’s investment.
Singapore develops “fairness metrics” for AI adoption in finance
The metrics will inform credit risk scoring and customer marketing.
The financially excluded – it’s not just who you think
In the UK, up to 8.8 million people are over-indebted.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
Onfido takes UK one step closer to digital ID
The fintech’s sandbox is regulated by the FCA.
Revolut accused of coercing 50 workers to quit their jobs
Lawyers have said that the firm’s actions can be read as unlawful.
UK e-commerce bank start-up YAN set to launch in October
The fintech says it will donate “at least” 10% of its revenue to charity.
Taiwanese challenger Next Bank to launch this year on Temenos
Chunghwa Telecom owns a 41.9% stake in Next Bank.
