EPA critiques FCA approach to Wirecard suspension
The EPA says the FCA should have reached out to it.
Business-to-Consumer/B2C
Singapore’s robo-advisor StashAway lands $16m led by Square Peg
The fintech last raised funding in July 2019.
Why intelligent reporting is crucial to client retention
Good digital reporting is intuitive and comprehensive.
US remittance start-up Remitly lands $85m
The remittance market is set to suffer from the pandemic.
UAE’s remittance fintech Denarii Cash expands beyond Middle East
The new corridors span the Middle East, and into South East Asia and Africa.
WeLab Bank launches in Hong Kong
The challenger is offering users a numberless debit card.
India’s large FIs “don’t believe in their youngsters” says Slice CEO
“All the banks see is risk,” Slice’s CEO Rajan Bajaj tells FinTech Futures.
UK fintech Beanstalk launches JISAs for parents with just £5 to invest
The start-up was co-founded by former Capital One employees.
True Link lands $35m in Series B investment
The fintech’s valuation sits at around $115 million.
Curve lands first CFO from PayPal, announces Onfido partnership
Scott Weller previously spent a six-year stint at PayPal.
TransferWise hits $5bn valuation with $319m liquidity round
The firm says it’s seen a 43% uplift in its value since May 2019.
Stock trading apps are booming, but what about the education gap?
Are fintechs just “paying lip service” to education?
Law firm owner co-founds challenger Frost rivalling Snoop
It is currently applying for a banking licence with the Financial Conduct Authority (FCA).
Emirates NBD’s challenger Liv moves to ‘super app’ status
The challenger said it had acquired more than 300,000 users.
Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Orange Bank Africa goes live with Temenos and NSIA in Côte d’Ivoire
The bank is set to expand to Burkina Faso, Mali and Senegal.
Investment service Scalable Capital lands $58m in Series D
The start-up says it has more than $2 billion under management on its platform.
Xinja Bank to launch US trading platform for Aussie investors
Dabble will also offer users fractional shares.
Plum lands $10m for European expansion
To date, Plum has raised $19.3 million.
Third wave of COVID-19 forces Hong Kong banks to close branches
11 lenders will partially or completely shut down operations at some 58 branches.
Robinhood scraps UK expansion plans
The fintech landed its licence last August.
Charity donation fintech Goodworld launches in Australia
Its feature #donate allows donors to send instant donations via social media.
Virgin Money launches beta of new home buying app
The app is part of Virgin Money’s wider digital transformation strategy.
Money manager for freelancers Flow lands Dutch PSD2 licence
The idea for Flow originated on an alpaca farm in Drenthe.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
Faroe Islands speed up ecommerce with Clearhaus and Terminal.fo
The Faroe Islands are “experiencing a boom in the number of online businesses”.
Finsie to launch US price comparison service
The fintech launched its beta in July.
Deutsche Bank snags Wirecard exec Kilian Thalhammer
Thalhammer will be joining Deutsche Bank in October to oversee its Merchant Solutions arm.
UK savings app Moneybox lands £30m, plans crowdfund
Moneybox has raised £50 million since 2016.
FCA and City of London to create COVID-19 inspired digital sandbox
The sandbox will be for both start-ups and “large financial institutions”.
Disposable card issuer Privacy.com lands $10.2m
The start-up has issued around five million virtual card numbers.
Italy’s Banca Mediolanum launches sustainable challenger Flowe
The bank currently employees a team of 56.
Non-profit Fair for You lands £7.5m to take on credit sector
Seven social investors took part.
Twitter shares slide 4% in wake of unprecedented bitcoin promo hack
The hacked accounts have tens of millions of users.
Meet OneBanks: the fintech picking up after banks’ branch closures
The start-up wants to create a bank-agnostic branch network.
Monzo takes another shot at paid current accounts
The paid-for current account is priced at £5 a month.
State-backed green bank to land in UK to hit country’s climate goals
The government sold its original green bank in 2017.
Zambian mobile wallet Zazu launches virtual card
Zazu pivoted to digital banking in 2017.
Your LP is your customer, that’s important to understand
Customers want fund managers to do the work for them.
Privatbank’s CEO talks turmoils and turnarounds
In 2019, the bank’s net profits jumped by 2.5 times.
