Central Bank of UAE plans new fintech office to power innovation
Governor Mubarak Rashid Al Mansouri says central bank has a “five pillar” approach.
FinTech
Santander splashes £350m for majority stake in Ebury
The bank’s 50.1% majority stake will put £70 million towards Ebury’s expansion.
Sweden’s subscription manager Minna Technologies lands deal with Norway’s SpareBank 1
Competitor Subaio has recently signed deals with various other Nordic banks.
South Korean regulator plans Open Banking experiment
The scheme will involve a “comprehensive assessment” for Open Banking.
Self-service in the branch and as the branch
ATMs are the powerhouse player in a modern digital strategy.
UK start-up Freetrade raises $15m, inc. first-time investor Draper Esprit
Draper Esprit invested $7.5 million in the fintech.
Facebook target of financial services discrimination lawsuit
Facebook accused of allowing older and female users to be ignored by ads.
HSBC-backed fintech Bud looks beyond financial sector in re-focused product model
The fintech has axed 20% of its staff and undergone a business restructure.
Saudi Arabia’s Riyad Bank pumps $26.7m into new fintech start-up programme
The programme will bring together entrepreneurs and tech companies.
IDnow gains $40m funding injection from Corsair Capital
Verification firm plans to use fresh cash to open new locations.
National Bank of Canada launches Innovation Competition
NBC invites start-ups, developers and students to participate.
The common data format that benefits everyone
Data has only recently started being held in such high regard.
Video: Top fintech stories this week – 01 November 2019
FinTech Future’s weekly news round-up.
Monzo hires new CRO with blue chip banking career
Lisa Nowell leaves ClearBank after just six months.
Pollinate launches with backing from Mastercard, RBS
Merchant services firm’s first customer is NatWest.
Banking Technology November 2019 issue out now
The identity challenge.
Challenging the status quo
FinTech Futures discusses Appian’s strategy with Guy Mettrick.
Neobank Rebellion becomes first fintech to offer Spanish IBANs with banking licence
A Spanish IBAN will allow users to direct their salary to their Rebellion account.
Crypto bundler Revix targets female investors, aims to make digital assets “responsible”
Revix will be sponsoring entrepreneur platform Future Females.
Bad bosses aren’t the whole story: the good bosses that made me
This is what good looks like.
Modulr plans £20m investment in Scottish development hub
The business payments firm wants to boost Scottish fintech.
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
Banca Monte Paschi Belgio rebrands as new digital bank Aion
Warburg Pincus to rebrand new acquisition four months after regulatory approval.
AI: unlocking all your business potential
The future of insurance is entwined with AI – find out what the experts at InsurTech Rising International had to say, plus much more!
Head above the clouds with Deepak Gupta
“Every mid-sized and large bank knows they have to offer RTP.”
Cryptocurrencies and the critical vulnerability of a 51% attack
The processes, the vulnerabilities, and the dangers broken down.
UCL graduate fintech TurinTech.ai raises £1m led by IQ Capital
The firm is now a resident at London’s Microsoft Reactor.
11 observations after 100 days in fintech
100 days, 11 observations, and one industry.
SoftBank injects $655m into Greensill to support tech acquisition
The supply chain finance firm has raised $1.7bn in just 14 months.
Spanish fintech PecunPay chooses IBM to implement Red Hat platform
The start-up is trying to keep up with ever-changing mobile apps.
570easi launches French Islamic banking challenger SOeasi
570easi now holds a customer base of more than 90,000.
US challenger Current raises $20m in Series B, surpasses half a million customers
The neobank began as a parent-controlled teen debit card in 2017.
SMB lender BlueVine launches banking service with Mastercard debit card
SMBs will see 1% interest on their balance and no monthly fees.
How to provide customers from China with a habitual and convenient service
An official account is the first step for a company towards the Chinese audience.
Cryptocurrency in 2025: What does the future hold for digital money?
Drawing on observations over the influence cryptocurrencies have been making on the wider world.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
Temenos picked by Danish challenger Lunar to fight financial crime
Temenos says it was chosen to “address stringent regulatory demands”.
Goldman Sachs leads $35m Series B round in data storer Very Good Security
Andreessen Horowitz and Vertex Ventures also participated.
