Nomo launches as UK’s newest Islamic digital bank
The new challenger is a subsidiary of Kuwait-based Boubyan Bank.
Banking
New banking service Dion.Money plans August launch in the UK
Fledgling challenger to run paid-for accounts and offer “personalised” service.
How COVID-19 has accelerated the use of digital banking solutions in Africa
The past year has seen a clear trend towards the adoption and acceleration of digital banking products.
Fintech funding deals globally 12 July – 18 July 2021
Featuring insightsoftware, Revolut, Lunar, Quantexa, and M1 Finance.
Finnovex Southern Africa – 27th and 28th July 2021
The event, being organised by Exibex, will be held virtually.
Discover targets BNPL offering with $30m Sezzle investment
The firm plans to launch a BNPL network solution on the Discover Global Network.
ECB agrees to move forward to investigation phase of digital euro project
Work will now focus on functional design and prototyping and will involve focus groups.
Classic product placement has had its day
Product placement is easily recognised by the customer and viewed negatively.
Video: fintech news pick of the week – Revolut, Lunar and the UK fintech sector
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
M1 Finance secures $150m in SoftBank-led funding round
The firm claims the investment now takes its total valuation to $1.45 billion.
White House backs US open banking reform
The Biden Administration is looking to tackle the slow progress of open banking in the US.
What the hell happened to help?
Banks could do more to provide financial education, guidance and advice to customers.
Revolut hits $33bn valuation with $800m Series E investment
The round was led by SoftBank’s Vision Fund 2 and Tiger Global.
Railsbank lands $70m investment to drive global expansion
The round follows a $37 million fundraise in November last year.
Fifth Third Bank picks FIS to power digital transformation
The bank will deploy FIS’s Modern Banking Platform (MBP) and Unity Wealth Platform.
Aussie challenger bank Volt acquires neolender Australian Mortgage
The two companies had entered into a partnership earlier this year.
Apple reportedly in talks with Goldman Sachs to launch BNPL service
Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019.
State of play: digital banking platforms
Selecting the right digital banking platform is a lengthy process that requires careful consideration.
This is not a drill
Make sure you don’t write yourself out of your own story, as life happens.
White paper: The Reconciliation Maturity Model: Part 2 – onboarding and configuration
These tools will empower firms to fully automate reconciliation within five years.
International Bank of Somalia partners Visa to launch card payment service
The partnership will enable cashless payments in the country.
Danish digital bank Lunar secures €210m Series D funding
The challenger says the funds will be used to continue its growth and launch new products.
Video: fintech news pick of the week – Wise, LBGI and Circle
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
CIBC signs cloud partnership deal with Microsoft
The deal will see CIBC utilise Microsoft Azure as its primary cloud platform.
Quantexa raises $153m in Series D funding round
The firm plans to accelerate its expansion and boost product development.
What the Fintech? | S.2 Episode 15 | Data after tomorrow
Bradley Riss, chief commercial officer at Checkout.com, joins us on this latest episode.
Moneyhub secures $18m investment to fuel expansion
Direct Line founder Sir Peter Wood led the round through investment vehicle SPWOne.
Gulf Bank picks Murex’s MX.3 treasury management platform
Kuwait-based firm is looking to become a “fully integrated digital bank”.
Is DeFi the future of financial infrastructure and money?
DeFi is causing a shift in the underlying infrastructure powering traditional financial applications.
BNY Mellon to acquire fund management tech firm Milestone Group
The New York bank is looking to expand its digital offerings and core capabilities.
Harnessing the power of AI for internal fraud detection
AI has the power to disrupt internal fraud monitoring, but are FIs ready to take the plunge yet?
FinTech Futures Jobs: Three great roles open in the UK right now
Exciting vacancies at Grant Thornton, Deloitte and Finastra. Apply today!
Video: fintech news pick of the week – Revolut, Deutsche Bank and Pleo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
ICYMI funding round-up: Toqio, Coincover, AREX Markets, Lidya & more
Another batch of funding rounds that might have flown under your radar.
Dutch challenger bank Bunq secures $228m Series A investment
The funding round was led by UK private equity firm Pollen Street Capital.
Winners announced for the 2021 PayTech Awards
24 winners and 31 highly commended for projects, companies, products, individuals and teams!
Swedish fintech start-up Juni lands $21.5m Series A round
The company plans to use the funds for product development and recruiting.
Absa searching for new chief security officer as Bucchianeri says goodbye
The South African banking group is also looking for a new CIO.
Who’s banking on APIs?
How proactive have UK banks been with their API strategy?
Cities and Villages Development Bank picks ICS Banks
Jordanian bank replacing legacy system with cloud deployment.
