How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Europe
MoneyGram hits back at consumers and investors
The paytech company says it “can’t make everybody happy”.
SME lending: banks aren’t using enough data
And it could be hurting their bottom line.
Is your fintech brand an awkward teenager?
From unpredictable growth spurts and occasional breakouts, to sleeping in.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Money Dashboard raises record £4.6m crowdfund
The Scottish fintech hit its initial £1.5 million target in 45 minutes.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Tink tells NCA companies “are not ready” for PSD2
The letter also asks for “stronger industry collaboration” with TPPs.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
Nordic challenger bank Lunar Way raises €26 million
With its fresh new licence, Lunar Way is now the newest bank of the Nordics.
JRNI closes $6m Series C extension and appoints new CTO
The new capital will go to US acceleration and European markets.
Natwest, Tesco, RBS and Nationwide experience banking IT outage
Customers couldn’t access credit card information with monthly bills imminent.
David Chaum announces quantum-resistant digital currency
Praxxis emerged from a stealth project in the Cayman Islands.
BMLL Technologies launches Derived Data Service
The service offers “unparalleled visibility” into the market.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
SpotQA launches new product and secures $3.25m funding
The new product tests web and mobile web apps to identify bugs.
Banque Morval and Intesa Sanpaolo unite on Avaloq’s core banking tech
The project took nine months to complete.
Accenture acquires financial risk advisor Parker Fitzgerald
Accenture responds to the evolving risk landscape in financial services.
Banco Galicia chooses Strands for mobile banking
Strands technology will become “a tool for financial education”
Retail banks must be team players
Industry players question collaboration for fear of surrendering their competitive edge.
Welsh Delio secures £3.3m equity round
Delio will expand into Asia, the Middle East and North America.
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
DSB reveals “significant appetite” for data quality and cybersecurity analysis
The DSB will create the new part-time role of Chief Information Security Officer.
How regulations are bringing banks and fintechs together
There are plenty of benefits for both.
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Mintos reaches €3bn loans milestone
The start-up hit €2 billion just four months ago.
Curve launches first crowdfunding campaign
Investment opportunities will start from £10.
Technical glitch delays trading at LSE
The glitch caused LSE’s worst outage for eight years.
Barclays ends landmark crypto partnership with Coinbase
Coinbase no longer has access to the UK FPS.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Monzo offers new short-term loans
Loans will be loans between £200 and £15,000.
Finastra wins core cloud deal with neobank, Gravity
Gravity is still seeking authorisation to serve SMEs.
ECB discovers data breach in bank newsletter
It is the second time in five years.
Lending platform SellersFunding expands to UK and Canada
The platform offers pre-approved funding for online sellers.
Thomson Reuters launches global regtech competition
The contest seeks legal, tax and regulatory solutions.
N26 sets sights on future IPO
“Our goal is to do for finance what Spotify did for music.”
