Video: Top fintech stories this week – 06 March 2020
FinTech Futures’ weekly news round-up.
FinTech
Money management app Emma bags $2.5m in seed funding
The fintech connects users’ bank accounts under a single dashboard.
Dutch fintech TerraPay gets acquired & raises $9.6m
“Fintechs like TerraPay play a vital role in increasing financial inclusion in emerging markets.”
Starling Bank amps up advertising efforts with Team GB win
The bank is offering every British athlete an account with £100 in credit.
Is the future of banking not open but closed?
Europe and USA have to create their own ecosystems to compete with the East.
Exclusive interview: Sarah Porretta, MaPS – UK’s ten-year journey towards financial wellbeing
Fintech will have a significant role to play in the UK government’s plan for the nation to achieve financial wellbeing.
Visa partners with Clinc to offer clients conversational AI
The Michigan-based firm serves 35 million end users.
Webinar: Investing in UK’s financial wellbeing strategy – 5 agents for change
Innovative ways to make financial wellness happen.
Webinar: How to address fraud through the use of risk analytics
Securing customers at every stage of their digital journeys with the right multi-layered security approach.
Dzing challenger bank launches beta in UK
It has been in the works since October 2018.
Australian neobank Xinja launches $33m Series D with customer buy in opportunity
The challenger is offering a minimum investment of AUD 20,400 ($14,000).
The global unbanked shoppers
The gap between the population of the banked and unbanked is continuing to broaden.
The closet of shame
Everything that goes wrong in a bank, big or small, gets put neatly away in the closet of shame.
Starling Bank looks to Irish banking licence for European expansion
The challenger bank has been aiming for an Irish licence since last year.
ATB Financial’s digital bank Brightside launches in Canada
The neobank is focused on “making saving easy”.
How AWSM Bank plans to turn teenage financial literacy into a reality
The neobank is “very close” to its Q2 launch this year.
Samsung SDS and Credorax to launch DLT account reconciliation platform
The companies say the decision to team up was driven by open banking.
Ask the expert: why do fintechs fail, and how can I improve my company’s chances of success?
Looking at the basic elements for success for any fintech – and indeed, for any start-up or high-growth business.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Santander’s PagoFX to launch in Spring and rival TransferWise
The venture now has a 50-person London-based team.
Robinhood outage locks users out of recovering US market
Many users are now trying to seek class action against the app.
Public.com raises $15m with help of Will Smith and JJ Watt
The trading app is focused around making investing ‘social’.
Estonian start-up Xolo offers banking services with Wirecard Bank
Xolo is a “one-stop-shop” for one-person micro-businesses.
Silicon Valley, London… New Zealand: Why this emerging fintech hub shouldn’t be overlooked
The country’s emerging tech scene is much bigger than you might expect.
Video: Top fintech stories this week – 28 February 2020
FinTech Futures’ weekly news round-up.
UniCredit finds two new partners in Tel Aviv’s PayKey and equensWorldline
PayKey is a social app payments integrator, and equensWorldline a pan-European payments processor.
Monese set to make 30 employees into millionaires
This is expected after its next fundraise which will value the neobank at £1bn.
bunq CEO: “It’s a marathon not a sprint, we run our own race”
“I like to think of myself as a simple entrepreneur,” says Niknam.
South African fintech Jumo raises $55m to fuel geographic expansion
Jumo plans to break into both Cote d’Ivoire and India in 2020.
The financial services technical “Grand Design”
A financial services organisation must plan and design what it will look like.
Open Banking home finance start-up Youtility raises £4.5 million
Venture funding round to be used on new products and new hires.
UK fintech B-Social raises £7.8m ahead of ‘Kroo’ rebrand
The fintech has “significantly progressed” with its pre-application for a UK bank licence
Europe’s joint largest fintech start-up Klarna reports its first annual loss
The operational loss is down to its US expansion and its set up of a Berlin-based tech hub.
Four lessons learned about fraud in 2019
We look back at the year gone by to see what lessons we can take with us this year.
The witches are coming
Our togetherness is our greatest legacy to a world that can and should do better for the next generation of humans.
ConsenSys-backed start-up Apex:E3 launches analytics platform
Initially focusing on digital assets, the fintech will branch out to more traditional asset classes in the future.
Tonik digital bank raises $6m as it gears up for launch
It’s set to be the first of its kind in the country.
BBVA joins $1.3m round for UK gig economy start-up Wollit
It’s one of the first to evolve out of BBVA’s ‘Venture Creation Partnership’ with Anthemis.
TripActions lands $500m credit facility from SVB, Goldman and Comerica
TripActions Liquid will float an employees’ travel spend.
The impact of COVID-19 on the Chinese market
The effects of the coronavirus on the local fintech market isn’t all negative.
