South African fintech Jumo raises $55m to fuel geographic expansion
Jumo plans to break into both Cote d’Ivoire and India in 2020.
FinTech
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.
Achieving reconciliation maturity will be easier in the decade of data
Financial professionals feel more comfortable entrusting their data to the cloud.
Revolut bags $500m from TCV to drive daily account usage
The challenger wants to “accelerate daily usage of accounts”.
UK fintech global investor figures for 2019 propped up by Worldpay deal
88% of the figure is made up of the Worldpay mega deal.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
SoftBank to invest $100m in UK-based AI start-up Behavox
Behavox’s investment would be the fifth Vision Fund capital injection for a UK firm.
Three top tips to combat visual hacking
Make it hard for screens to be viewed, consider installing privacy filters and other points.
JP Morgan plans launch of digital consumer bank in UK
The US bank has been in discussions with UK financial regulators.
Intuit close to buying Credit Karma for $7bn
Last week saw a flurry of major fintech deals.
Credit card start-up Tribal Credit secures $5.5m in seed funding
New firm aims to help start-ups in emerging markets.
US gets new challenger Level Bank by Zero creators
CEO Bryce Galen says the new venture has “the highest APY-deposit account in the US”.
Google equips its cloud offering with two acquisitions
The Big Tech is gearing up to take on Amazon and Microsoft’s rival cloud products.
How APIs overcome the challenges of digital transformation
No transformation is pain-free.
Video: Top fintech stories this week – 21 February 2020
FinTech Futures’ weekly news round-up.
EU report omits Big Tech GDPR decision, Google moves UK data to US
UK users’ data stored by Google is no longer under GDPR laws.
OTB Ventures raises $100m for Central and Eastern European tech start-ups
OTB aims to fill its portfolio with 16 CEE companies by 2022.
Wirecard and Raiffeisen Bank team up to serve Eastern European markets
Raiffeisen Bank will use Wirecard to process payments across 13 Eastern European countries.
What is office politics, anyway?
For some, politics is about winning the battle. For others, it’s wining the war.
Inaccuracies of facial recognition: security, prejudice, pollution and fashion
The issue of accuracy is one which is often cited but rarely explained.
LendingClub becomes first fintech to buy a US regulated bank
The fintech has acquired the $1.4 billion asset-holding Radius Bank for $185 million.
Aussie challenger Hay launched by UK’s Shawbrook Bank ex-employees
The challenger is headquartered in New South Wales with offices in London and Belfast.
Ask the expert: what’s the best market to launch my fintech?
The reasons fintechs struggle to crack mature markets and four key considerations for expansion.
Pakistani challenger Sadapay preps 2020 launch
New mobile wallet will target Pakistan’s underbanked and freelancer market.
Starling Bank lends through Zopa while it builds its own platform
The neobank currently holds £1.25 billion in deposits.
“Pale, male and stale” tag still dogs financial services industry
Three steps to break the cycle and achieve genuine diversity and inclusion.
SoftBank to invest further $1bn in LatAm fintech, ecommerce and health care in 2020
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
Monzo set to hire another 500 and reintroduce paid accounts
CEO Bloomfield says it is also looking into lending more as a revenue driver.
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
Standard Chartered sets up Singapore-based venture with Assembly Payments
The new payments venture is designed to help ecommerce merchants.
