Moven shuts all consumer accounts, pivots to B2B-only service for banks
Founder says “major multi-year funding” was withdrawn due to coronavirus.
FinTech
Remaking traditions to reinvent industries
Innovation and the need for diversity.
Love in the time of COVID-19
Amazing teams have teams that care. That’s how leadership works. It’s a team sport.
Australian telco ZipTel buys up challenger bank Douugh
Douugh uses AI to help customers get better insights on their money.
Brex acquires trio of San Francisco start-ups
Neji, Landria, and Compose Labs all brought under the Brex umbrella
Dublin start-up My Money Jar lands investment from Enterprise Ireland
The fintech has raised a total of $1.4 million.
Russia’s PM introduces new bill for fintech sandboxes
These new sandboxes will be subject to lighter regulations.
Survey: Corporate Banking & APIs – the state of play
Are there concrete API plans and strategies in place? We’d greatly appreciate your input in this survey.
Aussie challenger Xinja lands $255m from Emirates’ World Investments
Xinja will receive the bulk of the investment over 24 months.
US non-bank financial firms push Congress for SME lending relief
Legislators are currently working on a bill which addresses small business loans.
Hong Kong’s first virtual bank opens its digital doors
Za Bank launches with incumbent-challenging interest rate.
Jumia steps in to assist Africa amid rising coronavirus numbers
Jumia will help various African governments distribute masks to hospitals.
HSBC joins Alibaba to offer Hong Kong’s online merchants quick loans
This is the first time HSBC will use third-party data to approve trade finance loans.
UK challengers Revolut and Monzo combat claims they are going bust
Revolut dubs the claims “fake news”, and Monzo says it is “here to stay”.
Fronted, 11:FS and Credit Kudos create ‘Covid Credit’ for self-employed
Covid Credit uses open banking data to help the self-employed get income relief.
SoftBank to sell $41bn in assets to firm up financials amid virus outbreak
The company’s share price shot up 18.6% in Japan today.
Goldman Sachs becomes part of SAP’s Ariba Network
More than 4.6 million companies make up the Ariba Network.
ID Finance’s revenues hit $86.6m across Spain, Brazil and Mexico
“Despite macroeconomic volatility, the company plans to continue its growth,” says CEO.
Video: Top fintech stories this week – 20 March 2020
FinTech Futures’ weekly news round-up.
Gradually – then suddenly: parenting during coronavirus
Until we get beyond, hunker down and carry on. Pass me that glass of wine please.
FinTech Futures update: business as usual
Our team is here to help the market navigate today’s challenging business landscape.
DeeMoney offers blockchain cross-border payments with RippleNet
The fintech becomes Thailand’s first non-bank institution to use the solution.
Wirecard expands ecommerce partnership with WeChat Pay
European merchants can integrate WeChat Pay “in just a few minutes”.
Mastercard set to propel bunq’s Green Card throughout Europe
The cards have seen a CO2 reduction of roughly 30.8 million kg so far.
MatchMove applies for one of Singapore’s full digital bank licences
The company has teamed up with three other bidders.
Finastra appoints Gary Bischoping as new CFO
Bischoping to replace Mark Miller, who stepped down for personal reasons.
Ask the expert: what can I do to ensure my fintech is protected during these challenging times?
As a growing a fintech, you’ve worked hard to get to where you are. You mustn’t let momentum slow.
Square lands conditional banking licence from FDIC
The bank will be based in Utah.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
Neobank for America’s middle-class One lands $17m Series A
The 40-person challenger has opened early access to its private beta.
US challenger Cogni to create lifestyle hub, starting with banking
The challenger wants to be the ultimate “operating system” for lifestyle.
Penta lands $20.3m to help German and Italian SME
The round was co-led by RTP Global and HV Holtzbrinck Ventures.
Life in the time of COVID-19: learning to share
“Humans. So many good ideas. So many failed ideals.”
Revolut launches accounts for under-18s in the UK
Only the children of Premium and Metal account holders will have access.
Expense management start-up Payhawk lands $3.3m seed capital
The round was led by N26-backer Earlybird.
What the Fintech? A new podcast from FinTech Futures | Episode 1
Trending topics, useful insights, strong opinions, and a fintech jailhouse – all in our brand new podcast!
White paper: Anti-financial crime – looking beyond staffing
How banks can best perform their gatekeeper function.
Monzo launches first business banking accounts
UK challenger bank steps into the business space with new accounts.
Revolut loses CFO after just six months, brings in interim CFO from SLA
David MacLean joined Revolut from Metro Bank last July.
Crypto start-up Bakkt lands $300m Series B from Microsoft and PayU
The fundraising was closed last Friday, the same day Bitcoin experienced a multi-month low.
