Seven fintech firms join forces with Nationwide to address financial capability issues
EXCLUSIVE. Nationwide talks about its Open Banking for Good initiative and the selection of fintech partners.
News
First real-time payments launched in Saudi Arabia
Vocalink partners with Saudi Payments for market-first development.
Equifax acquires PayNet to boost SME credit access
PayNet CEO says deal will support “Main Street American business”.
Meed Banking Club launches in the US with member exclusives
Leveraging banking services at Vast Bank, which itself is going through a major tech revamp.
US modern card issuer Marqeta signs first Europe deals
Partnerships with companies in France, Scandinavia, Spain and Switzerland.
Unite Global now licensed to issue WOCU currency for banking
EXCLUSIVE. The WOCU currency aims to challenge the dollar-mandated status quo in trading.
Regions Bank taps IBM for AI-driven customer service
IBM’s Watson can help both employees and customers.
Expensify integrates with Southeast Asia ride-sharing firm Grab
This includes Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia.
Top fintech stories this week – 26 April 2019
Figure Eight acquired by Appen, T-mobile launches checking account, and RBS’ digital bank picks Mambu.
WorldRemit launches international transfers to UnionPay cards
It has been enabled by a partnership with Merchantrade.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
Webinar: Customer consent in an open banking world
Learn how educate and empower your customers and gain their informed consent.
Avant settles FTC unfair loan servicing charges for $3.85m
The online lender faced multiple charges of “deceptive” practices.
Permanent TSB opens up new API portal
The Irish bank is keeping up with open banking developments.
Tencent takes a gamble on Argentina’s Uala
The amount of the equity investment has not been disclosed.
RBS’s digital challenger bank Bo taps Mambu’s cloud tech
EXCLUSIVE: Bo is expected to launch to retail customers in 2019, underpinned by Mambu’s core banking tech.
SoFi could secure Qatar investment for $500m round
Details of the deal are yet to be finalised.
NatWest unleashes first biometric card in the UK
It recently released a new biometric payment approval feature
SoFi goes insurtech with Lemonade and Root
Until this month, SoFi’s insurance offering was limited to life insurance.
LendingClub shuts down SME lending arm
And redirects to alternative businesses.
Societe Generale issues €100m of bonds for housing financing
These security tokens offer a range of advantages, says the bank.
Challenger bank Masthaven receives £60m investment
Masthaven aims to significantly increase lending to SMEs and consumers.
Judo becomes Australia’s first SME-focused challenger bank
APRA has granted a full banking licence.
TrueLayer joins with ANNA to offer open banking to SMEs
ANNA hopes to launch further new features in the future.
Kazakh Eurasian Bank upgrades cash tech with Fiserv
Access to cash is a key component in Kazakhstan.
Standard Chartered gets customer experience revamp with Avaya
The bank will implement the Avaya OneCloud Private solution.
SoftBank invests €900m in Wirecard for APAC push
Wirecard is struggling amidst fraud investigations.
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Greece’s Praxia targets deposits market through Raisin
Challenger bank is the first in Greece to tie up with the German fintech.
Fukui migrates to IBM Cloud to meet digital banking demands
The bank wants to respond quickly to changing customer preferences.
Swiss fintech opens up alternative investments market with new platform
Ambitions to become leading global marketplace.
White paper: Empowering Investment Bankers with Data Science
How to build the modern CRM system with built-in AI and machine learning.
Video: fintech news weekly round-up – 23 April 2019
Facebook, Stripe, and Europe’s biggest IPO.
Figure Eight acquired by Appen
Terms of the deal were not disclosed.
Indian lendtech ZestMoney raises $20m
The firm is already looking to expand in Singapore.
R8 Group raises $5m and sets sights on IPO in July
Twitter co-founder Biz Stone joins as non-executive director.
Stripe acquires Touchtech Payments for SCA compliance
The Irish firm specialises in security for online payments.
French PFM Bankin’ raises $20m in Series B
The firm has raised a total of €28 million investment since its inception.
Mount Lehman CU goes live with Smart Solution’s Universa
This is supplier’s sixth user in British Columbia.
QR payment firm Citcon raises $5m
Catering for the Chinese market.
