COVID-19: Highlight of the week
This week, we focus one particular coronavirus news item affecting the fintech industry.
This week, we focus one particular coronavirus news item affecting the fintech industry.
FinTech Futures’ weekly news round-up.
Hi-Pay selected ACI’s UP eCommerce Payments system.
Stripe recently added Zoom as one of its main customer.
Revolut’s co-founders Storonsky and Yatsenko are forgoing their salaries for a year.
Delegates that had signed up to attend will be offered a full refund.
Castle Trust aims to be a new challenger bank in the UK market.
“Entrepreneurs face their business being crushed,” says the letter.
It apparently made $60 million in March – triple what it made in March 2019.
Regulatory body publishes recommendations in response to G20.
Firms hope new deal will unlick real-time payments for “countless industries”.
The first virtual bank in Hong Kong selects Wolters Kluwer system.
The two firms aim to combine conversational banking with data analytics.
Fees will not be incurred until 16 June 2020 for transactions under £3,000.
The Canadian firm has an ongoing partnership with Microsoft.
Its aim is to help SMEs get access to the financial aid during this time of crisis.
The banks ThoughtSpot works with are hiring more people to power its automation.
The start-up wants to create an alternative “identity verification” layer for the internet
Swiss technology vendor to embed compliance solution into its platforms.
In the next five years, Previse wants to get five million suppliers paid instantly.
Originally planned for Q3 of 2020, the fintech brought the launch forward
The capital raise was led by AlbionVC.
“There is no better referral than within an existing organisation,” says CEO.
Partnership will see both firms combine their systems.
Global Payment’s Netspend president Kelley Knutson will head up the venture.
The firms will also create a “next-generation” suite of central banking products.
The UK fintech combines big data, blockchain and crypto into ‘Big – Crypto’.
Four credit unions holding combined $724m in assets select Bankjoy’s systems.
Modern Bank is a delegated lender under the CARES Act.
“This is a race to save jobs in the present and for the future,” says PayPal.
The new round comes as a top-up to a $24m injection from November 2019.
These lenders are yet to set a date by which they can start accepting CBILS applications.
The regtech firm gained extra capital from Japanese VC Global Brain.
Elas was officially founded in January this year.
InCube will be brought into the wider Finantix portfolio.
The round was led by New Vision 3, an early-stage VC based in Bulgaria.
Suppliers will benefit from “several hundred million euros” early.
Donations by all three executives will also be matched by the bank.
Cyprus-based investment house deploys Profile’s wealthtech.
Acorns says the fintech is “revolutionising” access to wealth management.