Top fintech stories this week – 21 June 2019
From JP Morgan’s secret UK digital bank project to MoneyGram and Ripple’s partnership.
Financial Services/Finserv
Current’s new adult bank account sees strong growth
The challenger banking service started as a prepaid teen card.
Denver and Latin America form digital finance collaboration
Peru and El Salvador cooperatives join forces with US credit unions.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
Core banking and core principles: getting to the future, from where you are today
It is now possible for us to be digital all the way down.
Dave Banking launches checking account
The new US challenger bank offers interest-free advance and opportunity to build credit.
Refinitiv invests in BattleFin
BattleFin’s Ensemble marketplace will be integrated with Refinitiv’s desktop, Eikon.
Ask the expert: your questions on growing the business answered
How can I generate awareness of my fintech among potential investors and target clients with limited resources?
Fintech: changing lives and promoting inclusion across the globe
164 million migrant workers and 800 million people around the world today are directly supported by remittances.
New partnership launched to foster US and UK fintechs
The FIP aims for enhanced cooperation over regulatory issues.
Challenger banks in Canada: who’s who and what’s their tech
A comprehensive list of challenger banks and banking services in Canada and the tech they are using.
JP Morgan extends partnership with AccessFintech
This is the first custodian to collaborate with them on real-time transparency.
Symphony goes global to the tune of $165m funding
Standard Chartered, MUFG and other existing investors participated in the round.
Circle Pay shuts down
Circle Pay app accounts will undergo changes starting on 8 July 2019.
In defence of bankers
A new kind of banker is emerging. Less arrogant. Less entitled. More ethical and informed, tech savvy and less greedy.
FinovateSpring 2019: focusing on the digital future of fintech
Three key takeaways from the event.
World Bank picks Murex for treasury
It is understood to be replacing Finastra’s treasury system.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Core modernisation is essential for truly digital banking
Banks have only to look at how innovators have transformed retailing and music to recognise this truth.
Banking Technology June 2019 issue out now
Beyond human. Dreaming of a fintech tomorrow.
Fintechs: partnerships don’t mean you can be passive when it comes to compliance
Protecting the fintechs’ own well-being as well as that of their customers.
Visa forms strategic partnership with Western Union
The new collaboration will modernise global money movements for expedited cross-border money transfers.
Amaiz launches brand new banking app for entrepreneurs
It aims to release customers from time-consuming admin and paperwork.
Enterprise cloud platform Liveoak closes $8m Series A round
The investment will fund product development and global expansion.
Iccrea chooses Appian platform to serve 4.2m Italian customers
Appian will automate key processes for the 142-strong banking group.
ING joins project to create blockchain-based USC
The utility settlement coin will reduce exchange rate risks.
A banker goes a-banking, volume 3: the party was only just beginning
It’s a terrible thing to be put in a position where you cannot improve your own performance.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
Ask the expert: your questions on growing the business answered
How do I launch my company into new markets?
Mastercard unveils new Open Banking Solutions
Several partners in the UK and Poland intend to activate the suite.
BBVA selects NetApp as a strategic partner
BBVA will make NetApp a priority technological partner to become a more flexible and scalable digital bank.
Starling partners with paytechs Tribe and PelicanPay
Tribe launched at Money 20/20 Europe with UnionPay International deal.
Swift awarded ESMIG network service provider status
Swift will be supporting its customers through their Target consolidation projects and the migration to ESMIG.
eBay launches cash flow loans with Asto
The app will provide eBay small business customers with a simple cash flow loan when they need it.
Bank Leumi, CIBC and NAB launch online portal for fintechs
The platform provides a simple and easy process for fintechs to help connect them into the bank.
Firms collaborate on new platform ‒ b.yond
Businesses can test propositions with a limited number of cards and wallet accounts
Step and Kard target teen market for banking
Both banking apps have launched their waiting lists.
