Accessible and international SME banking
Options available to SMEs vary dramatically yet rarely fit the bill.
North America
Finxact signs payments partnership with The Clearing House
Firms will work to implement real-time payments into the Finxact core.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
TransPecos Banks goes live with Nymbus to support BankMD
Digital-only bank for doctors live with Nymbus solution.
Head above the clouds with Deepak Gupta
“Every mid-sized and large bank knows they have to offer RTP.”
DTCC appoints Lynn Bishop as chief information officer
Bishop also supports the advancement of women in STEM careers.
Citi partners Global Processing, PPRO to support new payments offering
Spring by Citi will be offered to institutional clients.
Cryptocurrencies and the critical vulnerability of a 51% attack
The processes, the vulnerabilities, and the dangers broken down.
Bank of America unveils new mobile banking app with loan applications built in
The bank has 29 million mobile clients.
OneSpan director: Banks need to implement AI’s full potential
Banks still have siloed data pools which can’t quite be pulled.
US regulators sign up to Global Financial Innovation Network
The CFTC, FDIC, OCC and SEC are all on board.
US challenger Current raises $20m in Series B, surpasses half a million customers
The neobank began as a parent-controlled teen debit card in 2017.
SMB lender BlueVine launches banking service with Mastercard debit card
SMBs will see 1% interest on their balance and no monthly fees.
Video: Top fintech stories this week – 25 October 2019
FinTech Future’s weekly news round-up.
Moving from on-premise to destination to distributed platforms and networks
Most efforts to digitise global trade finance have been unsuccessful.
Goldman Sachs leads $35m Series B round in data storer Very Good Security
Andreessen Horowitz and Vertex Ventures also participated.
Core banking challenger Neocova launches in central USA
New firm on the block wants to change how community banks are served.
The birth of life stage banking
Finally customers will get help in managing their lifestyle or life stages.
A bird’s eye view of cloud and the payments industry
The sky is the limit for cloud and Volante.
Luge Capital raises $85m to invest in Canada’s start-ups
Investments will range from $150,000 to $2 million.
Trade finance – network to network
Trade finance indeed needs a network to network.
Click to Pay e-commerce solution launched by Amex, Mastercard, Visa
Card schemes aim to reduce online payments friction in US.
US fintech community dealt blow by federal court as charter is denied
The OCC will be appealing the decision by the US courts.
US Bank plans thousands of job cuts in staff restructure
Bank is blaming changing customer behaviour for the need to downsize.
How to reduce loan delinquency with a better payment experience
GoCardless found three main reasons why borrowers had missed a repayments.
Instabase raises $105m sent to unicorn status
The bank app has raised $132 million since it began in 2015.
Meeting the global B2B payments challenge
International businesses increasingly expect global access to finance in real-time.
Mastercard and Visa battle over Revolut deals
Revolut says 75% of its non-European cards will eventually be Visa branded.
Santander to launch online deposit platform in US
It is said to be a rival to Goldman Sachs’ Marcus offering.
Rise of the machines: when will AI and machine learning change finance?
FinTech Futures is researching the impact of AI on the industry.
Evolve Bank & Trust taps i2c for cloud-based core banking, card issuance
Payments processor upgrades its tech with i2c.
Mastercard trials Payment on Delivery with PNC Bank
New solutions aims to eliminate problems around cash and cheque usage.
BNP Paribas purchases stake in Allfunds to bolster wealthtech solutions
Bank aims to create market-leading software using Allfunds expertise.
US challenger bank Denizen shuts down
The expatriate bank failed to reach required scale.
Uncovering the hidden costs of liquidity
Liquidity is paramount and real time liquidity is now a must-have.
PayPal subsidiary Venmo launches first credit card with Synchrony Bank
Venmo will now be able to compete with N26 and Chime in the US market
Nebraska’s Pathway Bank enters world of video banking with POPi/o
POPi/o also has partners in California, Idaho, Nevada and New York.
Video: Top fintech stories this week – 18 October 2019
FinTech Future’s weekly news round-up.
US challenger Chime goes down for millions of customers
Chime serves more than five million accounts across the US.
R3 signs partnership with securities exchange Archax
Firm will deploy R3’s Corda Enterprise platform for post-trade.
