Elavon and Santander help Poppy Appeal in ‘largest cashless charity campaign in Europe’
The fintech is deploying 1,100 cashless terminals across the UK.
Business-to-Business/B2B
Starling Bank launches dual currency debit card with pounds and euros
The card will go live alongside its business euro account launch.
Nationwide invests in UK energy bill saver Switchd
Switchd considers the energy market outside the six big players too.
Uber relaunches credit card with Barclays, drivers get real-time cash flow
Uber has rolled out its financial product line Uber Money.
Transbank chooses AEVI to overhaul its in-store checkout for Chile’s merchants
The bank support firm wants to make integrations easier for merchants.
Singapore remittance start-up InstaReM rebrands to Nium
Nium CEO envisions a world where everyone’s money is free for them to use.
UCL graduate fintech TurinTech.ai raises £1m led by IQ Capital
The firm is now a resident at London’s Microsoft Reactor.
Standard Chartered opens second innovation lab in Hong Kong
The hub will be located at the bank’s 42-storey skyscraper in central Hong Kong.
Spanish fintech PecunPay chooses IBM to implement Red Hat platform
The start-up is trying to keep up with ever-changing mobile apps.
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.
Goldman Sachs leads $35m Series B round in data storer Very Good Security
Andreessen Horowitz and Vertex Ventures also participated.
B-North aims to bring back brokers to the UK SME market
The fintech is in the process of acquiring its banking licence.
Glue42 partners with RocketFin to bring behaviour mining to banks’ regtech suite
Glue42 works with the likes of JP Morgan Chase.
Mastercard snaps up SessionM to support merchant loyalty services
“Consumers’ expectations about their experiences with brands are changing,” says Mastercard exec.
US fintech community dealt blow by federal court as charter is denied
The OCC will be appealing the decision by the US courts.
Crunch launches mobile accounting platform for UK’s self-employed
The cost £5.5 million and four years in development.
GMG, Wecan and Capelli bring blockchain to real estate sector
The product is dubbed ‘Wecan Tokenize’.
Santander to sell Puerto Rico arm to FirstBank in $1.1bn deal
FirstBank will own all 27 bank branches on the island.
Instabase raises $105m sent to unicorn status
The bank app has raised $132 million since it began in 2015.
Kaleyra and Epiphany launch first open banking hub in Italy
The hub will give banks a space to launch PSD2-compliant products.
Mastercard and Visa battle over Revolut deals
Revolut says 75% of its non-European cards will eventually be Visa branded.
Contactless charity donations start-up GoodBox raises £1m
The funding is part of a combined Series A £2.3 million.
Investor rights lawyers investigate Wirecard securities fraud
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
Santander leads €35m funding round in digital debt marketplace CrossLend
Lakestar, ABN AMRO Ventures and Earlybird will also be investing.
FCA will ‘take appropriate action’ against product greenwashing which misleads customers
The regulator will work on “common standards and product disclosures”.
Calastone takes on ex-BNY Mellon exec Dan Kramer for US expansion
Kramer managed end-to-end customer experience at BNY Mellon.
Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU
Libra’s meeting also agreed on board members and staff.
Cashforce solves forecasting challenge for treasuries, raises €5m funding
INKEF Capital and Citi Ventures led the Series A round.
DIS 2019: OBIE trustee says business-consumer adoption figures in ‘hundreds of thousands’
The ‘big nine’ UK banks still represent around 95% of the market, says OBIE.
DIS 2019: Lendtech OpenWrks says it can predict divorce and relationship breakdown
OpenWrks can determine when gambling will become a health issue too.
UK lendtech Zopa brings transparency to credit score calculations
Zopa says it’s the first lender to show how it determines who to lend to.
Nigerian fintech Lidya launches SME lending platforms for Poland and Czech Republic
The company’s USP is to create 100 million jobs worldwide.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
UK cybersecurity firm Sophos bought by America’s Thoma Bravo for $3.8bn
Sophos houses more than 3,400 staff and a turnover of $710.6 million.
Nine UK fintechs land in Australia under the countries’ bridge programme
The companies will be showcased at Melbourne’s Intersekt conference.
OTP Bank welcomes “later-stage” start-ups to its partnership programme
Applications need to be made by 22 November 2019.
Queen’s Speech reinforces UK’s aim to be world-leading regulator
The report found London has the world’s highest concentration of finserv firms.
US regulators remind FIs of AML obligations for digital assets
The CFTC, SEC and FinCEN point to AML/CFT requirements for digital assets.
Revolut hires JP Morgan to manage $500m funding round and issue a $1b loan
The loan will turn into shares if Revolut receive a US banking licence.
