Apple Card fees pinch retailers’ profits this Christmas
Supermarkets are taking a stand against the fees.
North America
Banking Technology December 2019 / January 2020 issue out now
A year in review.
Mastercard and Doconomy bring carbon tracking to Bank of the West and Nordea
The news was unveiled at Madrid’s UN Climate Change Conference COP25.
Freetrade brings first native full stack solution to UK
The exec team come from Snapchat, Google and KPMG.
Montréal’s FlexPay raises $6m in seed round
The fintech says 24% of recurring credit card transactions are falsely declined.
Morgan Stanley plans 1,500 job cuts
US bank wants to protect itself from economic headwinds.
Cboe Global Markets agrees to acquire EuroCCP
The deal is expected to close in the first half of 2020.
UK remittance fintech Paysend secures Canadian MSB licence
The paytech says its card-to-card service is now used by more than 1.2 million customers.
FDIC seeks comment on rulemaking process
US agency looking to get feedback on its regulatory actions.
Findexable report: London bests other European fintech hubs despite Brexit
San Francisco secured the top spot – up from eleventh place last year.
Canadian credit unions launch Interac Debit on Google Pay
Google Pay integration with Interac Debit allows users to pay with their phones.
AvidXchange launches $300m private fundraising round which could reach $2bn valuation
Previous investors have included Mastercard and PayPal co-founder Peter Thiel.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
BNY Mellon connects custody capabilities with SimCorp to improve data transparency
BNY Mellon and SimCorp expect mutual global clients out of the partnership
Video: AEVI at Money20/20 USA – the ultimate merchant experience
How to get the most out of the “business in a box” proposition that smart POS brings.
US challenger Unifimoney launched by former Samsung Pay exec
The new bank is aiming for a 2020 launch.
JP Morgan Chase partners with Envestnet Yodlee giving customers more visibility on their data
All customer data will now funnel through the bank’s “secure API”.
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
US neobank Chime quadruples valuation to $5.8b, raises $500m Series E
Chime soars ahead of Brazilian challenger NuBank’s $400 million record fundraise.
Finra selects Amazon Web Services to power CAT processing
The regulator has selected a bevy of Amazon solutions.
CWB Financial Group selects Temenos Infinity for front office ops
The Canadian firm also deploys Temenos T24 in the core.
State Street cuts blockchain developers in potential strategy change
The firm looks to be moving away from a front-to-back DLT implementation.
Mexican lendtech start-up Konfio bags $100m investment led by SoftBank
This is the Latin American start-up’s fourth financing round.
Regulators need to provide clarity on Libor cessation, says ISDA
ISDA writes letter to FCA asking for greater information on Libor phase-out.
Portag3 Ventures closes $320m fund for early-stage investment
Venture capital firm plans to focus on the US and Canada, as well as overseas
US DOJ digs deeper into Deutsche role in Danske money laundering scandal
Deutsche officials were made aware that the scope of the DoJ probe had broadened.
Mike Cagney’s Figure Technologies set to raise $103m in Series C
Figure is also edging into the student financing space.
Wells Fargo hires Santander’s US chief as new COO
Scott Powell will be the bank’s new chief operating officer.
Top tips for protecting your assets in 2020
Interesting wealth management tips to consider during 2020.
Diversity-focused VC fund Harlem Capital debuts with $40m
The over-arching goal: invest in 1,000 diverse founders over the next 20 years.
Monzo hires Visa exec to lead US push
TS Anil will join the digital bank early next year.
Canada’s neobank Koho secures extra $18.8m in Series B to diversify investors
The round was led by Drive Capital and National Bank of Canada’s VC arm, NAventures.
Klarna selects Amazon Web Services as preferred cloud provider
Swedish banking and payment firm puts AWS at the centre of new strategy.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Middlegame Ventures reaches first close of €150 million for investment in early-stage fintechs
New venture fund wants to empower fresh innovation.
US fintech Robinhood pulls OCC banking application
The start-up is calling the withdrawal “voluntary”.
Goldman Sachs fined $1m for not recording traders’ calls in 2014
The bank failed to record calls for three weeks.
Easing the cloud transition using microservices, containers and Kubernetes
The first step is to build new applications using these new architectures.
