Worldline buys controlling stake in ANZ’s acquiring business
Worldline says Australia is an ideal stomping ground for international expansion.
Business-to-Business/B2B
The time is now to update your finance operations
Modernising the finance department should be a priority.
Mastercard faces UK’s largest ever £14bn class action lawsuit
“Businesses and consumers simply cannot afford to continue paying sky-high rates.”
UK CBDC researcher: We should be further along than we are
A UK CBDC won’t happen anytime soon if the Bank of England takes an iterative approach.
The Fintech Review: 2020
We cover embedded finance, competition, open banking, and CBDCs.
Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
Wolters Kluwer snaps up cloud-based lender eOrignal for €231m
eOriginal claims “double-digit” revenue growth over the last three years.
Thoma Bravo investment takes identity start-up Venafi to unicorn status
Thoma Bravo are investing right at time, says Venafi CEO.
Standard Chartered to launch crypto custodian in UK next year
The bank will, through Zodia, provide custody services for Bitcoin, and Ethereum.
Australian business banking challenger Gallantree adds crypto function
Gallantree targets entrepreneurs, family offices, and high-net-worth individuals.
Singapore and Thailand to link national payment systems in 2021
In Singapore, PayNow monthly transaction values have crossed the $3 billion mark.
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Revolut hot on Starling’s heels, breaks even in November
“We’re doing much better compared to pre-Covid times,” says CEO.
BNP Paribas and 3 Step IT push on with “aggressive” tech recycle plan
BNP Paribas Leasing Solutions specialises in financing solutions for professional equipment.
Modularbank lands €4m to set up UK commercial operations
The start-up claims to be cashflow positive since its inception.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
JPMorgan snaps up tax automation fintech 55ip
“Advisors are increasingly seeking intelligent, automated tools,” says bank.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
Singapore issues digital bank licences to Grab, Ant & Sea
The regulator has issued four licences, rather than five.
Half of UK’s small businesses now use open banking, says OBIE
Open banking is speeding up account switches too.
Stripe launches BaaS-type service for merchants with top US banks
“[The] banking experience should be as easy as spinning up a virtual server.”
Monzo lands another £60m from new backers
The latest funding still sees to leave Monzo at its £1.2 billion valuation.
Web Summit 2020: A fintech summary
Stripe is looking at products around digital identity.
Libra and Facebook exec joins rental insurtech LeaseLock
The fintech removes the need for renters to pay a deposit for a rental property.
Sber partners with JP Morgan to pilot digital currency in 2021
Russia announced its new cryptocurrency law this year.
Nordigen unveils free open banking platform to industry’s dismay
Nordigen claims it is the first to launch a free open banking platform.
UK central bank unveils Islamic finance liquidity alternative
The central bank will run tests in early 2021.
Former Paypal execs raise £14m for start-up venture Primer
The co-founders met at PayPal-acquired Braintree.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
S&P Global could buy IHS Markit for $44bn
S&P Global’s shares have risen 25% in New York this year alone.
JP Morgan and Lloyds considering acquisition of UK challenger Starling Bank
Pair of major banks interested in Starling Bank’s potential following profit announcement.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
G2A co-founder launches banking challenger Zen in 32 countries
Zen’s offering is split into consumer-facing and business-facing.
Credit Karma secures $7.1bn Intuit acquisition, sells tax ops to Square
Square enjoyed a 4% jump in stock market value following the announcement.
Embedded banking fintech Weavr lands $4m seed round
Weavr, once known as Open Payments Cloud, spun out of Ixaris in 2019.
Virgin Money profits dive 77% as it braces for bad loans
Before impairment charges, Virgin Money’s underlying profit stood at £625m.
South African BaaS provider Ukheshe to acquire local fintech Oltio
Oltio is a smaller South African firm which hosts QR code payments for Mastercard.
Indian payments fintech Cashfree lands Apis-led $35m Series B
Cashfree counts more than 50,000 businesses as customers.
Goldman’s former CIO becomes chairman of Israeli fintech The Floor
“I believe The Floor has transformative potential to impact the financial services industry.”
Western Union snaps up 15% stake in Saudi telco’s payments arm
Currently Western Union provides stc pay with money transfer services.
