Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
Europe
Tandem Bank anticipates fresh £50m funding round
The figure raised is closer to £50 million, instead of the expected £100 million.
Starling Bank raises £60m from existing investors Merian and JTC
The round brings the neobank’s total funds so far to £323 million.
Nordic API Gateway CEO: Fintechs trying to be European too fast
“Open banking has a tendency […] to do stuff globally or do it pan-European,” says CEO.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Trustonic first to land EMVCo Software-Based Mobile Payments certificate
“[Our solution] brings the capability to literally anybody,” says Trustonic’s product director.
Rabobank spins out SurePay as independent company
Payments firm hailed as innovation success story.
Fintech in the next decade: The intersection of what’s possible and what people want
Before we start to look at what the next 10 years hold, it’s worth taking a quick look back.
There is no ‘one-size-fits-all’ approach in the ongoing fight for greater diversity
We should never lose sight of the ‘why’ that lies behind the lack of diversity in British businesses.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Fintech M&A: Prioritising growth and resilience
There is still runway for further consolidation.
An evolution in the world of trading
Traders are extremely bullish about the potential of digital assets and crypto-products.
How fintech is helping UK savers
Many of us have a poor relationship with saving money.
Receeve raises €4m in seed funding
This comes within a year of a pre-seed fundraise of €1 million from Seedcamp and others.
Envoy Group secures $13.5m investment for blockchain trade finance
Firm plans a full launch in Q2 2020, already has LatAm partners.
Rewire CEO: We want to be the financial marketplace for migrants
Traditionally, migrants have struggled to find a one stop shop for their finances.
PaySend and JS Bank create freelancer-focused wallet in Pakistan
Pakistan is the fourth fastest growing global economy for freelance worker revenues.
More change at the top for the Financial Conduct Authority
Two non-executive directors join the FCA board.
German government proposes digital law over competition fears
The proposed clampdown targets anti-competitive behaviour by digital platforms.
British & European fintechs set sail for the US
A wave of British and European fintechs are seeking a foothold in the US finserv market.
Appy days for Jibun Bank
Jibun Bank won several awards for its uniqueness.
Swedish consumer champion Woilà raises $3.1m
“You have most likely been screwed,” says co-founder on people’s previous purchases.
ESMA postpones CSDR settlement discipline regime
EU regulator gives market six more months to prepare.
Azimo nabs €20m funding from European Investment Bank
Money transfer firm will use funding to boost European expansion.
On financial literacy: Fintech can be the key to future-proofing the UK economy
This stems from the lack of basic financial education or applied maths in schools.
NewDay, new opportunity
NewDay improved functionality by bringing digital acquisition & servicing in-house.
20th Banking Technology Awards Supplement
A golden celebration of excellence and innovation.
RBS neobank Bó reissues cards due to authentication issue
The post cites “new” regulations which came into force last September.
European Central Bank to launch AI hackathon
ECB wants to explore how AI could help supervisory data collection.
Tom Shen joins Sensibill as chair of the board
Shen is a proven expert at scaling digital banking services for financial institutions.
GoSave to launch digital piggy banks in UK before Christmas
Co-founder tells FinTech Futures: “We’re fighting the inertia of kids not saving.”
PayPal users lose £1m to fraudsters posing as buyers
A total of 3,059 crime reports were submitted to Action Fraud regarding the scam.
Citi suspends “one of its most senior” bond traders for canteen theft
Paras Shah was Citi’s head of high-yield bond trading for Europe, the Middle East and Africa.
The personal touch
Anna Loevskaya talks about corporate digital banking & the role of content in selling SaaS.
Robotic process automation: A real boon for financial services organisations
It’s a great tool for automating repetitive back office processes & increases efficiency.
Video: Intellect Design Arena at MoneyLive London – an age of open infrastructure
Banesh Prabhu talks on FinTech Futures about open banking, legacy tech and CX.
State Bank of India selects BEP Systems for UK mortgage origination
SBI due to go live on Apprivo2 system in Q2 2020.
SaaS fintech Rimilia raises $15m from SVB and other investors
The investment brings the fintech’s total funding raised to $40 million.
Worldline to buy rival Ingenico for $8.6bn
Worldline says the acquisition will create the fourth biggest player in the global payments sector.
Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
