Lanistar comes under UK advertising watchdog’s microscope
The regulator says it “received complaints about ads for Lanistar”.
bankingtech.com
Consumer/Personal Finance
Virgin Money profits dive 77% as it braces for bad loans
Before impairment charges, Virgin Money’s underlying profit stood at £625m.
San Fran alternative lender Oportun applies for banking charter
Oportun currently has licences in 12 states.
South African BaaS provider Ukheshe to acquire local fintech Oltio
Oltio is a smaller South African firm which hosts QR code payments for Mastercard.
New York challenger Current lands $131m in Series C funding round
The capital will go towards Current’s product offerings.
Western Union snaps up 15% stake in Saudi telco’s payments arm
Currently Western Union provides stc pay with money transfer services.
Google Pay unveils integrated banking challenger Plex
Plex will sit in the wider, revamped Google Pay app.
FCA issues Lanistar warning as tech partners disavow connection
UK payments-as-a-service fintech Modulr is among them.
Latvian loan investment marketplace Mintos crowdfunds €6m
Mintos currently hosts 68 lending companies.
UK challenger Finndon lands e-money licence
The start-up plans to launch in 2021.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
Rebooting savings during the COVID-19 crisis
How then should we think about structuring our savings plan for success?
MSU Federal Credit Union built its own app in 2009 – where is it now?
MSU holds around $5.5 billion in assets and is America’s 48th largest credit union.
PNC buys BBVA’s US arm for $11.6bn creating America’s fifth-largest bank
PNC expects the acquisition will generate around $900 million in cost savings.
Lawyers turned payment processors serve world’s richest consumers
“We’ve already broken even,” says CEO.
PayNearby turning India’s small-time retailers into ATMs and bank branches
“I wanted to take high-end tech to the bottom of the pyramid,” says CEO.
Uber plans return to financial services with hires “across the board”
The firm is “not ready to announce anything yet”.
Chinese regulator continues to clamp down on dominant fintech players
The CBIRC’s Liang Tao warned fintech lenders at a conference in Beijing this week.
South Korean payments provider Danal to accept crypto
The payments provider will accept digital currencies via ICON’s blockchain ecosystem.
HSBC launches Global Money account in US to rival fintechs
The bank’s aim behind the new service is to create “one global account”.
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